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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2013
Cash flows from operating activities:      
Net income $ 430,618 $ 374,442 $ 315,442
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 140,624 168,220 165,664
Amortization of intangible assets 14,458 22,642 23,713
Stock-based compensation 47,002 29,875 23,310
Gain on sale of Storage (38,573) 0 0
Gain on deconsolidation of Shredding (4,952) (106,441) 0
Gain on sale of stock of an equity method investment (21,739) 0 0
Loss (gain) on investment in Shred-it Partnership 8,803 (2,000) 0
Shredding Transaction asset impairment charge 0 16,143 0
Shredding Transaction costs 0 26,057 0
Deferred income taxes 20,866 47,109 48,023
Change in current assets and liabilities, net of acquisitions of businesses:      
Accounts receivable, net (1,443) (56,231) (42,704)
Inventories, net 23,785 (11,062) 10,997
Uniforms and other rental items in service (31,994) (11,435) (44,179)
Prepaid expenses and other current assets (3,202) (2,177) (3,281)
Accounts payable (33,445) 30,446 25,023
Accrued compensation and related liabilities 3,234 10,931 (13,161)
Accrued liabilities and other 33,066 54,237 31,873
Income taxes, current (6,832) 15,213 12,028
Net cash provided by (used in) operating activities 580,276 605,969 552,748
Cash flows from investing activities:      
Capital expenditures (217,720) (145,580) (196,486)
Proceeds from redemption of marketable securities 161,938 54,196 161,478
Purchase of marketable securities and investments (195,471) (63,858) (178,464)
Proceeds from Storage Transactions, net of cash contributed 158,428 0 0
Proceeds from Shredding Transaction, net of cash contributed 3,344 179,359 0
Proceeds from sale of stock of an equity method investment 29,933 0 0
Dividends received on equity method investment 5,247 0 0
Acquisitions of businesses, net of cash acquired (15,495) (33,441) (69,370)
Other 1,383 (5,219) (1,339)
Net cash provided by (used in) investing activities 44,987 (14,543) (284,181)
Cash flows from financing activities:      
Proceeds from issuance of debt 0 0 250,000
Repayment of debt (518) (8,187) (225,636)
Proceeds from exercise of stock-based compensation awards 40,230 41,902 14,807
Dividends paid (201,891) (93,320) (79,744)
Repurchase of common stock (551,970) (370,599) (215,681)
Other 1,589 469 196
Net cash used in financing activities (712,560) (429,735) (256,058)
Effect of exchange rate changes on cash and cash equivalents (8,918) (676) (61)
Net (decrease) increase in cash and cash equivalents (96,215) 161,015 12,448
Cash and cash equivalents at beginning of year 513,288 352,273 339,825
Cash and cash equivalents at end of year 417,073 513,288 352,273
Shred-it Partnership      
Cash flows from investing activities:      
Dividends received on equity method investment $ 113,400 $ 0 $ 0