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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Aug. 31, 2022
May 31, 2022
Current assets:    
Cash and cash equivalents $ 74,558 $ 90,471
Accounts receivable, net 1,082,783 1,006,220
Inventories, net 473,888 472,150
Uniforms and other rental items in service 953,717 916,706
Income taxes, current 0 21,708
Prepaid expenses and other current assets 162,844 124,728
Total current assets 2,747,790 2,631,983
Property and equipment, net 1,329,131 1,323,673
Investments 239,335 242,873
Goodwill 3,037,278 3,042,976
Service contracts, net 379,379 391,638
Operating lease right-of-use assets, net 174,697 170,003
Other assets, net 353,416 344,110
Total assets 8,261,026 8,147,256
Current liabilities:    
Accounts payable 292,321 251,504
Accrued compensation and related liabilities 176,865 236,992
Accrued liabilities 543,566 588,948
Income taxes, current 35,783 0
Operating lease liabilities, current 43,539 43,872
Debt due within one year 507,467 311,574
Total current liabilities 1,599,541 1,432,890
Long-term liabilities:    
Debt due after one year 2,484,602 2,483,932
Deferred income taxes 487,755 473,777
Operating lease liabilities 134,010 129,064
Accrued liabilities 325,492 319,397
Total long-term liabilities 3,431,859 3,406,170
Shareholders’ equity:    
Preferred stock, no par value: 100,000 shares authorized, none outstanding 0 0
Common stock, no par value, and paid-in capital: 425,000,000 shares authorized, FY 2023: 191,654,188 shares issued and 101,532,642 shares outstanding; FY 2022: 190,837,921 shares issued and 101,711,215 shares outstanding 1,878,837 1,771,917
Retained earnings 8,953,391 8,719,163
Treasury stock: FY 2023: 90,121,546 shares, FY 2022: 89,126,706 (7,690,726) (7,290,801)
Accumulated other comprehensive income 88,124 107,917
Total shareholders’ equity 3,229,626 3,308,196
Total liabilities and shareholders' equity $ 8,261,026 $ 8,147,256