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 February 28, 2014

(In thousands)



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

Revenue:
Rental uniforms and ancillary products	$	—	$	608,699		$	165,657		$	55,134		$	(27,788	)	$	801,702
Other services	—		395,020			8,929			31,231			(106,645		)	328,535
Equity in net income of affiliates	84,602		—			—			—			(84,602		)	—
	84,602		1,003,719			174,586			86,365			(219,035		)	1,130,237
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		378,548			95,138			37,499			(61,099		)	450,086
Cost of other services	—		255,282			(2,715		)	18,932			(70,473		)	201,026
Selling and administrative expenses	—		316,755			(9,137		)	25,776			(4,431		)	328,963
Operating income	84,602		53,134			91,300			4,158			(83,032		)	150,162

Interest income	—		(12		)	(31		)	(583		)	582			(44		)
Interest expense (income)	—		16,407			17			(6		)	—			16,418

Income before income taxes	84,602		36,739			91,314			4,747			(83,614		)	133,788
Income taxes	—		13,387			33,376			2,438			(15		)	49,186

Net income	$	84,602	$	23,352		$	57,938		$	2,309		$	(83,599	)	$	84,602

Condensed Consolidating Income Statement

Three Months Ended February 28, 2013

(In thousands)



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

Revenue:
Rental uniforms and ancillary products	$	—	$	565,731		$	151,595		$	55,906		$	(24,345	)	$	748,887
Other services	—		394,957			9,679			31,950			(109,799		)	326,787
Equity in net income of affiliates	74,705		—			—			—			(74,705		)	—
	74,705		960,688			161,274			87,856			(208,849		)	1,075,674
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		367,447			85,481			39,108			(57,227		)	434,809
Cost of other services	—		247,942			2,733			19,605			(71,356		)	198,924
Selling and administrative expenses	—		295,643			(4,592		)	24,972			(7,105		)	308,918
Operating income	74,705		49,656			77,652			4,171			(73,161		)	133,023

Interest income	—		(2		)	(86		)	(44		)	—			(132		)
Interest expense (income)	—		16,480			(175		)	(3		)	—			16,302

Income before income taxes	74,705		33,178			77,913			4,218			(73,161		)	116,853
Income taxes	—		9,981			23,901			8,272			(6		)	42,148

Net income (loss)	$	74,705	$	23,197		$	54,012		$	(4,054	)	$	(73,155	)	$	74,705

Condensed Consolidating Income Statement

Nine Months Ended February 28, 2014

(In thousands)



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

Revenue:
Rental uniforms and ancillary products	$	—	$	1,829,199		$	493,207		$	166,203		$	(89,725	)	$	2,398,884
Other services	—		1,219,127			26,643			97,401			(347,722		)	995,449
Equity in net income of affiliates	247,218		—			—			—			(247,218		)	—
	247,218		3,048,326			519,850			263,604			(684,665		)	3,394,333
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,152,482			290,136			115,520			(194,209		)	1,363,929
Cost of other services	—		788,287			(8,917		)	59,152			(230,142		)	608,380
Selling and administrative expenses	—		939,937			(24,961		)	77,472			(13,628		)	978,820
Operating income	247,218		167,620			263,592			11,460			(246,686		)	443,204

Interest income	—		(31		)	(156		)	(15,279		)	15,270			(196		)
Interest expense (income)	—		49,355			78			(7		)	—			49,426

Income before income taxes	247,218		118,296			263,670			26,746			(261,956		)	393,974
Income taxes	—		43,991			98,053			4,771			(59		)	146,756

Net income	$	247,218	$	74,305		$	165,617		$	21,975		$	(261,897	)	$	247,218

Condensed Consolidating Income Statement

Nine Months Ended February 28, 2013

(In thousands)



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

Revenue:
Rental uniforms and ancillary products	$	—	$	1,717,290		$	457,183		$	165,060		$	(79,964	)	$	2,259,569
Other services	—		1,151,628			31,188			90,292			(345,292		)	927,816
Equity in net income of affiliates	229,465		—			—			—			(229,465		)	—
	229,465		2,868,918			488,371			255,352			(654,721		)	3,187,385
Costs and expenses (income):
Cost of rental uniforms and ancillary products	—		1,099,289			269,837			114,651			(181,918		)	1,301,859
Cost of other services	—		740,797			(6,633		)	55,877			(224,367		)	565,674
Selling and administrative expenses	—		866,546			(15,754		)	72,978			(15,258		)	908,512
Operating income	229,465		162,286			240,921			11,846			(233,178		)	411,340

Interest income	—		(33		)	(247		)	(78		)	—			(358		)
Interest expense (income)	—		49,323			(126		)	(3		)	—			49,194

Income before income taxes	229,465		112,996			241,294			11,927			(233,178		)	362,504
Income taxes	—		39,236			83,784			10,042			(23		)	133,039

Net income	$	229,465	$	73,760		$	157,510		$	1,885		$	(233,155	)	$	229,465

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended February 28, 2014

(In thousands)



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

Net income	$	84,602	$	23,352	$	57,938	$	2,309		$	(83,599	)	$	84,602

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		—		—		(5,121		)	—			(5,121		)
Change in fair value of derivatives	—		—		—		(102		)	—			(102		)
Amortization of interest rate lock agreements	—		488		—		—			—			488
Change in fair value of available-for-sale securities	—		—		—		1			—			1

Other comprehensive income (loss)	—		488		—		(5,222		)	—			(4,734		)

Comprehensive income (loss)	$	84,602	$	23,840	$	57,938	$	(2,913	)	$	(83,599	)	$	79,868

Condensed Consolidating Statement of Comprehensive Income

Three Months Ended February 28, 2013

(In thousands)



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

Net income (loss)	$	74,705	$	23,197		$	54,012	$	(4,054	)	$	(73,155	)	$	74,705

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		(7		)	—		(8,166		)	—			(8,173		)
Change in fair value of derivatives	—		(36		)	—		—			—			(36		)
Amortization of interest rate lock agreements	—		488			—		—			—			488
Change in fair value of available-for-sale securities	—		—			4		(3		)	—			1

Other comprehensive income (loss)	—		445			4		(8,169		)	—			(7,720		)

Comprehensive income (loss)	$	74,705	$	23,642		$	54,016	$	(12,223	)	$	(73,155	)	$	66,985

Condensed Consolidating Statement of Comprehensive Income

Nine Months Ended February 28, 2014

(In thousands)



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

Net income	$	247,218	$	74,305	$	165,617		$	21,975		$	(261,897	)	$	247,218

Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	—		—		—			(3,727		)	—			(3,727		)
Change in fair value of derivatives	—		—		—			(291		)	—			(291		)
Amortization of interest rate lock agreements	—		1,464		—			—			—			1,464
Change in fair value of available-for-sale securities	—		—		(14		)	(3		)	—			(17		)

Other comprehensive income (loss)	—		1,464		(14		)	(4,021		)	—			(2,571		)

Comprehensive income	$	247,218	$	75,769	$	165,603		$	17,954		$	(261,897	)	$	244,647

Condensed Consolidating Statement of Comprehensive Income

Nine Months Ended February 28, 2013

(In thousands)



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

Net income	$	229,465	$	73,760		$	157,510		$	1,885		$	(233,155	)	$	229,465

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	—		—			—			519			—			519
Change in fair value of derivatives	—		(187		)	—			—			—			(187		)
Amortization of interest rate lock agreements	—		1,464			—			—			—			1,464
Change in fair value of available-for-sale securities	—		—			(3		)	(8		)	—			(11		)

Other comprehensive income (loss)	—		1,277			(3		)	511			—			1,785

Comprehensive income	$	229,465	$	75,037		$	157,507		$	2,396		$	(233,155	)	$	231,250

Condensed Consolidating Balance Sheet

As of February 28, 2014

(In thousands)



	Cintas Corporation			Corp. 2			Subsidiary Guarantors			Non- Guarantors			Eliminations			Cintas Corporation Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	72,142		$	238,629		$	38,088		$	—		$	348,859
Marketable securities	—			—			—			4,840			—			4,840
Accounts receivable, net	—			384,695			101,647			43,326			—			529,668
Inventories, net	—			224,554			19,199			9,396			2,983			256,132
Uniforms and other rental items in service	—			367,458			111,778			37,404			(17,991		)	498,649
Deferred tax asset (liability)	—			500			(500		)	—			—			—
Prepaid expenses	—			7,003			16,873			2,885			—			26,761
Total current assets	—			1,056,352			487,626			135,939			(15,008		)	1,664,909

Property and equipment, at cost, net	—			631,215			246,329			103,653			—			981,197

Goodwill	—			—			1,454,818			77,750			—			1,532,568
Service contracts, net	—			78,810			74			5,088			—			83,972
Other assets, net	1,743,234			1,626,252			2,876,904			813,865			(6,922,460		)	137,795
	$	1,743,234		$	3,392,629		$	5,065,751		$	1,136,295		$	(6,937,468	)	$	4,400,441

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	(465,247	)	$	(611,486	)	$	1,127,152		$	28,902		$	38,015		$	117,336
Accrued compensation and related liabilities	—			57,929			17,066			5,114			—			80,109
Accrued liabilities	—			45,423			203,210			10,677			—			259,310
Income taxes, current	—			14,249			(6,067		)	836			—			9,018
Deferred tax liability	—			—			77,812			8,584			—			86,396
Long-term debt due within one year	—			903			(270		)	—			—			633
Total current liabilities	(465,247		)	(492,982		)	1,418,903			54,113			38,015			552,802

Long-term liabilities:
Long-term debt due after one year	—			1,309,658			(9,883		)	748			—			1,300,523
Deferred income taxes	—			(6		)	215,622			(5,701		)	—			209,915
Accrued liabilities	—			—			92,239			929			—			93,168
Total long-term liabilities	—			1,309,652			297,978			(4,024		)	—			1,603,606
Total shareholders’ equity	2,208,481			2,575,959			3,348,870			1,086,206			(6,975,483		)	2,244,033
	$	1,743,234		$	3,392,629		$	5,065,751		$	1,136,295		$	(6,937,468	)	$	4,400,441

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

Nine Months Ended February 28, 2014

(In thousands)



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

Cash flows from operating activities:
Net income	$	247,218		$	74,305		$	165,617		$	21,975		$	(261,897	)	$	247,218
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	—			77,225			39,574			10,962			—			127,761
Amortization of intangible assets	—			15,913			122			1,489			—			17,524
Stock-based compensation	22,248			—			—			—			—			22,248
Deferred income taxes	—			(1		)	8,806			(72		)	—			8,733
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(29,274		)	(5,078		)	328			—			(34,024		)
Inventories, net	—			(23,320		)	6,385			534			271			(16,130		)
Uniforms and other rental items in service	—			(3,796		)	1,246			(732		)	(860		)	(4,142		)
Prepaid expenses	—			475			(3,964		)	1,597			—			(1,892		)
Accounts payable	—			(43,563		)	33,239			3,288			(1		)	(7,037		)
Accrued compensation and related liabilities	—			3,338			(576		)	(543		)	—			2,219
Accrued liabilities	—			(19,708		)	26,620			(2,654		)	767			5,025
Income taxes payable	—			18,413			(2,629		)	2,486			—			18,270
Net cash provided by operating activities	269,466			70,007			269,362			38,658			(261,720		)	385,773

Cash flows from investing activities:
Capital expenditures	—			(77,219		)	(26,646		)	(9,750		)	—			(113,615		)
Proceeds from redemption of marketable securities	—			—			5,659			43,976			—			49,635
Purchase of marketable securities and investments				(1,051		)	(57,460		)	(49,051		)	44,227			(63,335		)
Acquisitions of businesses, net of cash acquired	—			(12,783		)	—			(20,182		)	—			(32,965		)
Other, net	(45,138		)	45,472			(204,788		)	(14,674		)	218,260			(868		)
Net cash used in investing activities	(45,138		)	(45,581		)	(283,235		)	(49,681		)	262,487			(161,148		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			—			4,416			(4,416		)	—			—
Repayment of debt	—			(8,259		)	1,016			—			(767		)	(8,010		)
Exercise of stock-based compensation awards	29,286			—			—			—			—			29,286
Dividends paid	(93,287		)	—			—			(27		)	—			(93,314		)
Repurchase of common stock	(164,462		)	—			—			—			—			(164,462		)
Other, net	4,135			1,464			—			4,740			—			10,339
Net cash (used in) provided by financing activities	(224,328		)	(6,795		)	5,432			297			(767		)	(226,161		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			(1,878		)	—			(1,878		)

Net increase (decrease) in cash and cash equivalents	—			17,631			(8,441		)	(12,604		)	—			(3,414		)
Cash and cash equivalents at beginning of period	—			54,511			247,070			50,692			—			352,273
Cash and cash equivalents at end of period	$	—		$	72,142		$	238,629		$	38,088		$	—		$	348,859

Condensed Consolidating Statement of Cash Flows

Nine Months Ended February 28, 2013

(In thousands)



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

Cash flows from operating activities:
Net income	$	229,465		$	73,760		$	157,510		$	1,885		$	(233,155	)	$	229,465
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Depreciation	—			73,048			40,025			10,169			—			123,242
Amortization of intangible assets	—			15,681			158			2,045			—			17,884
Stock-based compensation	16,660			—			—			—			—			16,660
Deferred income taxes	—			(1		)	31,169			737			—			31,905
Changes in current assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net	—			(14,247		)	(26,217		)	(938		)	—			(41,402		)
Inventories, net	—			2,563			(4,556		)	(153		)	6,583			4,437
Uniforms and other rental items in service	—			(14,395		)	(8,876		)	(2,528		)	(3,004		)	(28,803		)
Prepaid expenses	—			623			(1,769		)	1,155			—			9
Accounts payable	—			(61,702		)	70,654			4,523			—			13,475
Accrued compensation and related liabilities	—			456			(1,407		)	271			—			(680		)
Accrued liabilities	—			(25,003		)	21,069			(640		)	786			(3,788		)
Income taxes payable	—			15,762			(14,114		)	4,291			—			5,939
Net cash provided by operating activities	246,125			66,545			263,646			20,817			(228,790		)	368,343

Cash flows from investing activities:
Capital expenditures	—			(92,342		)	(40,817		)	(18,640		)	—			(151,799		)
Proceeds from redemption of marketable securities	—			—			10,810			86,841			—			97,651
Purchase of marketable securities and investments	—			(865		)	(32,340		)	(109,870		)	7,677			(135,398		)
Acquisitions of businesses, net of cash acquired	—			(62,693		)	—			(1,932		)	—			(64,625		)
Other, net	10,653			57,393			(292,054		)	1,447			221,899			(662		)
Net cash provided by (used in) investing activities	10,653			(98,507		)	(354,401		)	(42,154		)	229,576			(254,833		)

Cash flows from financing activities:
Proceeds from issuance of debt	—			250,000			—			—			—			250,000
Repayment of debt	—			(225,702		)	1,016			—			(786		)	(225,472		)
Exercise of stock-based compensation awards	7,156			—			—			—			—			7,156
Dividends paid	(79,723		)	—			—			(21		)	—			(79,744		)
Repurchase of common stock	(187,076		)	—			—			—			—			(187,076		)
Other, net	2,865			(4,477		)	—			227			—			(1,385		)
Net cash (used in) provided by financing activities	(256,778		)	19,821			1,016			206			(786		)	(236,521		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			656			—			656

Net decrease in cash and cash equivalents	—			(12,141		)	(89,739		)	(20,475		)	—			(122,355		)
Cash and cash equivalents at beginning of period	—			58,737			229,287			51,801			—			339,825
Cash and cash equivalents at end of period	$	—		$	46,596		$	139,548		$	31,326		$	—		$	217,470