Supplemental Guarantor Information

Cintas Corporation No. 2 (Corp. 2) is the indirectly, wholly-owned principal operating subsidiary of Cintas. Corp. 2 is the issuer of the $1,300.0 million aggregate principal amount of long-term senior notes, which are unconditionally guaranteed, jointly and severally, by Cintas Corporation and its wholly-owned, direct and indirect domestic subsidiaries.

As allowed by SEC rules, the following condensed consolidating financial statements are provided as an alternative to filing separate financial statements of the guarantors. Each of the subsidiaries presented in the following condensed consolidating financial statements has been fully consolidated in Cintas’ consolidated financial statements. The following condensed consolidating financial statements should be read in conjunction with the consolidated financial statements of Cintas and notes thereto of which this note is an integral part.

Condensed consolidating financial statements for Cintas, Corp. 2, the subsidiary guarantors and non-guarantors are presented on the following pages:

Condensed Consolidating Income Statement

Three Months Ended November 30, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	614,742		$	164,985		$	56,104		$	(31,515	)	$	804,316
Other services	—		419,533			9,166			34,784			(124,046		)	339,437
Equity in net income of affiliates	84,862		—			—			—			(84,862		)	—
	84,862		1,034,275			174,151			90,888			(240,423		)	1,143,753
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		390,215			96,831			39,465			(67,399		)	459,112
Cost of other services	—		272,410			(3,091		)	21,156			(82,753		)	207,722
Selling and administrative expenses	—		314,421			(10,965		)	25,483			(4,992		)	323,947
Operating income	84,862		57,229			91,376			4,784			(85,279		)	152,972

Interest income	—		(11		)	(72		)	(2		)	1			(84		)
Interest expense	—		16,468			17			—			—			16,485

Income before income taxes	84,862		40,772			91,431			4,786			(85,280		)	136,571
Income taxes	—		15,500			34,709			1,514			(14		)	51,709

Net income	$	84,862	$	25,272		$	56,722		$	3,272		$	(85,266	)	$	84,862

Condensed Consolidating Income Statement

Three Months Ended November 30, 2012

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	575,274		$	152,771		$	55,370		$	(27,576	)	$	755,839
Other services	—		387,265			10,630			28,964			(122,312		)	304,547
Equity in net income of affiliates	78,027		—			—			—			(78,027		)	—
	78,027		962,539			163,401			84,334			(227,915		)	1,060,386
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		367,645			95,014			38,923			(62,680		)	438,902
Cost of other services	—		256,524			(6,949		)	18,564			(78,691		)	189,448
Selling and administrative expenses	—		280,259			(7,023		)	23,705			(3,928		)	293,013
Operating income	78,027		58,111			82,359			3,142			(82,616		)	139,023

Interest income	—		(13		)	(126		)	(10		)	—			(149		)
Interest expense (income)	—		16,277			18			(1		)	—			16,294

Income before income taxes	78,027		41,847			82,467			3,153			(82,616		)	122,878
Income taxes	—		14,876			29,241			746			(12		)	44,851

Net income	$	78,027	$	26,971		$	53,226		$	2,407		$	(82,604	)	$	78,027

Condensed Consolidating Income Statement

Six Months Ended November 30, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	1,220,500		$	327,550		$	111,069		$	(61,937	)	$	1,597,182
Other services	—		824,107			17,714			66,170			(241,077		)	666,914
Equity in net income of affiliates	162,616		—			—			—			(162,616		)	—
	162,616		2,044,607			345,264			177,239			(465,630		)	2,264,096
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		773,934			194,998			78,021			(133,110		)	913,843
Cost of other services	—		533,005			(6,202		)	40,220			(159,669		)	407,354
Selling and administrative expenses	—		623,182			(15,824		)	51,696			(9,197		)	649,857
Operating income	162,616		114,486			172,292			7,302			(163,654		)	293,042

Interest income	—		(19		)	(125		)	(14,696		)	14,688			(152		)
Interest expense	—		32,948			61			(1		)	—			33,008

Income before income taxes	162,616		81,557			172,356			21,999			(178,342		)	260,186
Income taxes	—		30,604			64,677			2,333			(44		)	97,570

Net income	$	162,616	$	50,953		$	107,679		$	19,666		$	(178,298	)	$	162,616

Condensed Consolidating Income Statement

Six Months Ended November 30, 2012

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Revenue:
Rental uniforms and ancillary products	$	—	$	1,151,559		$	305,588		$	109,154		$	(55,619	)	$	1,510,682
Other services	—		756,671			21,509			58,342			(235,493		)	601,029
Equity in net income of affiliates	154,760		—			—			—			(154,760		)	—
	154,760		1,908,230			327,097			167,496			(445,872		)	2,111,711
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		731,842			184,356			75,543			(124,691		)	867,050
Cost of other services	—		492,855			(9,366		)	36,272			(153,011		)	366,750
Selling and administrative expenses	—		570,903			(11,162		)	48,006			(8,153		)	599,594
Operating income	154,760		112,630			163,269			7,675			(160,017		)	278,317

Interest income	—		(31		)	(161		)	(34		)	—			(226		)
Interest expense	—		32,843			49			—			—			32,892

Income before income taxes	154,760		79,818			163,381			7,709			(160,017		)	245,651
Income taxes	—		29,255			59,883			1,770			(17		)	90,891

Net income	$	154,760	$	50,563		$	103,498		$	5,939		$	(160,000	)	$	154,760

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended November 30, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors		Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	84,862	$	25,272		$	56,722	$	3,272		$	(85,266	)	$	84,862

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		(2		)	—		2,042			—			2,040
Change in fair value of derivatives	—		—			—		(189		)	—			(189		)
Amortization of interest rate lock agreements	—		488			—		—			—			488
Change in fair value of available-for- sale securities	—		—			—		(4		)	—			(4		)

Other comprehensive income	—		486			—		1,849			—			2,335

Comprehensive income	$	84,862	$	25,758		$	56,722	$	5,121		$	(85,266	)	$	87,197

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended November 30, 2012

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	78,027	$	26,971		$	53,226		$	2,407		$	(82,604	)	$	78,027

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		(1		)	—			1,676			—			1,675
Change in fair value of derivatives	—		—			—			—			—			—
Amortization of interest rate lock agreements	—		488			—			—			—			488
Change in fair value of available-for- sale securities	—		—			(7		)	(3		)	—			(10		)

Other comprehensive income (loss)	—		487			(7		)	1,673			—			2,153

Comprehensive income	$	78,027	$	27,458		$	53,219		$	4,080		$	(82,604	)	$	80,180

Condensed Consolidating Statement of Comprehensive Income

Six Months Ended November 30, 2013

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	162,616	$	50,953		$	107,679		$	19,666		$	(178,298	)	$	162,616

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		5			—			1,389			—			1,394
Change in fair value of derivatives	—		(189		)	—			—			—			(189		)
Amortization of interest rate lock agreements	—		976			—			—			—			976
Change in fair value of available-for- sale securities	—		—			(13		)	(5		)	—			(18		)

Other comprehensive income (loss)	—		792			(13		)	1,384			—			2,163

Comprehensive income	$	162,616	$	51,745		$	107,666		$	21,050		$	(178,298	)	$	164,779

Condensed Consolidating Statement of Comprehensive Income

Six Months Ended November 30, 2012

(In thousands)



	Cintas Corporation		Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Net income	$	154,760	$	50,563		$	103,498		$	5,939		$	(160,000	)	$	154,760

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		7			—			8,685			—			8,692
Change in fair value of derivatives	—		(151		)	—			—			—			(151		)
Amortization of interest rate lock agreements	—		976			—			—			—			976
Change in fair value of available-for- sale securities	—		—			(7		)	(5		)	—			(12		)

Other comprehensive income (loss)	—		832			(7		)	8,680			—			9,505

Comprehensive income	$	154,760	$	51,395		$	103,491		$	14,619		$	(160,000	)	$	164,265

Condensed Consolidating Balance Sheet

As of November 30, 2013

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	69,393		$	210,433		$	29,508		$	—		$	309,334
Marketable securities	—			—			—			4,156			—			4,156
Accounts receivable, net	—			373,929			100,455			46,139			—			520,523
Inventories, net	—			216,588			20,080			9,677			3,141			249,486
Uniforms and other rental items in service	—			374,341			114,913			39,148			(19,733		)	508,669
Income taxes, current	—			—			(2,349		)	2,349			—			—
Deferred tax asset (liability)	—			522			(522		)	—			—			—
Prepaid expenses	—			6,994			16,054			3,566			—			26,614
Total current assets	—			1,041,767			459,064			134,543			(16,592		)	1,618,782

Property and equipment, at cost, net	—			633,412			249,859			105,626			—			988,897

Goodwill	—			—			1,454,848			78,113			—			1,532,961
Service contracts, net	—			82,847			104			5,443			—			88,394
Other assets, net	1,642,439			1,627,184			2,874,230			794,512			(6,802,001		)	136,364
	$	1,642,439		$	3,385,210		$	5,038,105		$	1,118,237		$	(6,818,593	)	$	4,365,398

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(595,836	)	$	1,099,424		$	26,885		$	38,016		$	103,242
Accrued compensation and related liabilities	—			41,288			12,425			4,936			—			58,649
Accrued liabilities	—			67,916			281,526			11,185			—			360,627
Income taxes, current	—			8,987			(4,749		)	—			—			4,238
Deferred tax liability	—			—			78,229			8,862			—			87,091
Long-term debt due within one year	—			984			(270		)	—			—			714
Total current liabilities	(465,247		)	(476,661		)	1,466,585			51,868			38,016			614,561

Long-term liabilities:
Long-term debt due after one year	—			1,309,750			(9,883		)	748			—			1,300,615
Deferred income taxes	—			(6		)	215,929			(5,736		)	—			210,187
Accrued liabilities	—			—			91,022			1,041			—			92,063
Total long-term liabilities	—			1,309,744			297,068			(3,947		)	—			1,602,865
Total shareholders’ equity	2,107,686			2,552,127			3,274,452			1,070,316			(6,856,609		)	2,147,972
	$	1,642,439		$	3,385,210		$	5,038,105		$	1,118,237		$	(6,818,593	)	$	4,365,398

Condensed Consolidating Balance Sheet

As of May 31, 2013

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	54,511		$	247,070		$	50,692		$	—		$	352,273
Marketable securities	—			—			5,680			—			—			5,680
Accounts receivable, net	—			355,429			96,569			44,051			—			496,049
Inventories, net	—			201,260			25,584			10,342			3,254			240,440
Uniforms and other rental items in service	—			363,662			113,024			38,917			(18,851		)	496,752
Income taxes, current	—			4,172			3,437			1,493			—			9,102
Deferred tax asset (liability)	—			534			(534		)	—			—			—
Prepaid expenses	—			7,450			12,909			4,171			—			24,530
Total current assets	—			987,018			503,739			149,666			(15,597		)	1,624,826

Property and equipment, at cost, net	—			631,480			259,586			95,637			—			986,703

Goodwill	—			—			1,449,445			68,115			—			1,517,560
Service contracts, net	—			88,157			166			3,830			—			92,153
Other assets, net	1,698,122			1,627,505			2,698,197			768,903			(6,668,337		)	124,390
	$	1,698,122		$	3,334,160		$	4,911,133		$	1,086,151		$	(6,683,934	)	$	4,345,632

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(561,454	)	$	1,084,986		$	24,728		$	38,016		$	121,029
Accrued compensation and related liabilities	—			54,591			17,642			5,817			—			78,050
Accrued liabilities	—			67,490			193,261			11,837			(767		)	271,821
Deferred tax liability	—			—			68,231			8,938			—			77,169
Long-term debt due within one year	—			8,436			(249		)	—			—			8,187
Total current liabilities	(465,247		)	(430,937		)	1,363,871			51,320			37,249			556,256

Long-term liabilities:
Long-term debt due after one year	—			1,310,384			(11,020		)	848			767			1,300,979
Deferred income taxes	—			(6		)	216,368			(5,879		)	—			210,483
Accrued liabilities	—			—			75,571			851			—			76,422
Total long-term liabilities	—			1,310,378			280,919			(4,180		)	767			1,587,884
Total shareholders’ equity	2,163,369			2,454,719			3,266,343			1,039,011			(6,721,950		)	2,201,492
	$	1,698,122		$	3,334,160		$	4,911,133		$	1,086,151		$	(6,683,934	)	$	4,345,632

Condensed Consolidating Statement of Cash Flows

Six Months Ended November 30, 2013

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	162,616		$	50,953		$	107,679		$	19,666		$	(178,298	)	$	162,616
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	—			51,331			26,590			7,259			—			85,180
Amortization of intangible assets	—			10,683			83			975			—			11,741
Stock-based compensation	14,624			—			—			—			—			14,624
Deferred income taxes	—			—			9,553			(254		)	—			9,299
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(18,508		)	(3,886		)	(1,361		)	—			(23,755		)
Inventories, net	—			(15,354		)	5,503			506			113			(9,232		)
Uniforms and other rental items in service	—			(10,679		)	(1,888		)	(1,009		)	882			(12,694		)
Prepaid expenses	—			484			(3,146		)	886			—			(1,776		)
Accounts payable	—			(27,917		)	7,208			1,494			—			(19,215		)
Accrued compensation and related liabilities	—			(13,303		)	(5,217		)	(861		)	—			(19,381		)
Accrued liabilities	—			2,366			10,523			(2,269		)	767			11,387
Income taxes payable	—			13,163			1,038			(715		)	—			13,486
Net cash provided by operating activities	177,240			43,219			154,040			24,317			(176,536		)	222,280

Cash flows from investing activities:
Capital expenditures	—			(53,379		)	(17,113		)	(6,293		)	—			(76,785		)
Proceeds from redemption of marketable securities	—			—			5,659			39,455			—			45,114
Purchase of marketable securities and investments				(1,034		)	(35,506		)	(43,699		)	24,826			(55,413		)
Acquisitions of businesses, net of cash acquired	—			(12,364		)	(125		)	(20,025		)	—			(32,514		)
Other	(37,637		)	45,550			(146,725		)	(14,594		)	152,477			(929		)
Net cash used in investing activities	(37,637		)	(21,227		)	(193,810		)	(45,156		)	177,303			(120,527		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			—			2,109			(2,109		)	—			—
Repayment of debt	—			(8,086		)	1,024			(8		)	(767		)	(7,837		)
Exercise of stock-based compensation awards	21,311			—			—			—			—			21,311
Repurchase of common stock	(164,200		)	—			—			—			—			(164,200		)
Other	3,286			976			—			2,061			—			6,323
Net cash (used in) provided by financing activities	(139,603		)	(7,110		)	3,133			(56		)	(767		)	(144,403		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			(289		)	—			(289		)

Net increase (decrease) in cash and cash equivalents	—			14,882			(36,637		)	(21,184		)	—			(42,939		)
Cash and cash equivalents at beginning of period	—			54,511			247,070			50,692			—			352,273
Cash and cash equivalents at end of period	$	—		$	69,393		$	210,433		$	29,508		$	—		$	309,334

Condensed Consolidating Statement of Cash Flows

Six Months Ended November 30, 2012

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated

Cash flows from operating activities:
Net income	$	154,760		$	50,563		$	103,498		$	5,939		$	(160,000	)	$	154,760
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	—			48,061			26,608			6,652			—			81,321
Amortization of intangible assets	—			10,318			117			1,538			—			11,973
Stock-based compensation	11,084			—			—			—			—			11,084
Deferred income taxes	—			(1		)	23,065			287			—			23,351
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(20,450		)	(7,242		)	3,164			—			(24,528		)
Inventories, net	—			9,838			(2,262		)	687			7,197			15,460
Uniforms and other rental items in service	—			(15,915		)	(8,877		)	(1,244		)	(2,069		)	(28,105		)
Prepaid expenses	—			152			(1,170		)	816			—			(202		)
Accounts payable	—			(41,309		)	63,503			825			—			23,019
Accrued compensation and related liabilities	—			(26,353		)	(9,260		)	(1,286		)	—			(36,899		)
Accrued liabilities	—			(7,450		)	4,532			(2,438		)	786			(4,570		)
Income taxes payable	—			10,815			(8,365		)	(1,851		)	—			599
Net cash provided by operating activities	165,844			18,269			184,147			13,089			(154,086		)	227,263

Cash flows from investing activities:
Capital expenditures	—			(57,660		)	(29,923		)	(11,479		)	—			(99,062		)
Proceeds from redemption of marketable securities	—			—			1,065			40,388			—			41,453
Purchase of marketable securities and investments	—			557			(17,931		)	(64,295		)	1,615			(80,054		)
Acquisitions of businesses, net of cash acquired	—			(51,984		)	—			(1,259		)	—			(53,243		)
Other	(11,749		)	57,625			(201,693		)	1,887			153,257			(673		)
Net cash used in investing activities	(11,749		)	(51,462		)	(248,482		)	(34,758		)	154,872			(191,579		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			250,000			—			—			—			250,000
Repayment of debt	—			(225,542		)	1,016			—			(786		)	(225,312		)
Exercise of stock-based compensation awards	2,357			—			—			—			—			2,357
Repurchase of common stock	(159,175		)	—			—			—			—			(159,175		)
Other	2,723			(4,965		)	—			(234		)	—			(2,476		)
Net cash (used in) provided by financing activities	(154,095		)	19,493			1,016			(234		)	(786		)	(134,606		)

Effect of exchange rate changes on cash and cash equivalents	—			(1		)	1,485			100			—			1,584

Net decrease in cash and cash equivalents	—			(13,701		)	(61,834		)	(21,803		)	—			(97,338		)
Cash and cash equivalents at beginning of period	—			58,737			229,287			51,801			—			339,825
Cash and cash equivalents at end of period	$	—		$	45,036		$	167,453		$	29,998		$	—		$	242,487