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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2023
May 31, 2022
Current assets:    
Cash and cash equivalents $ 124,149 $ 90,471
Accounts receivable, principally trade, less allowance of $14,926 and $12,918, respectively 1,152,993 1,006,220
Inventories, net 506,604 472,150
Uniforms and other rental items in service 1,011,918 916,706
Income taxes, current 0 21,708
Prepaid expenses and other current assets 142,795 124,728
Total current assets 2,938,459 2,631,983
Property and equipment, net 1,396,476 1,323,673
Investments 247,191 242,873
Goodwill 3,056,201 3,042,976
Service contracts, net 346,574 391,638
Operating lease right-of-use assets, net 178,464 170,003
Other assets, net 382,991 344,110
Total assets 8,546,356 8,147,256
Current liabilities:    
Accounts payable 302,292 251,504
Accrued compensation and related liabilities 239,086 236,992
Accrued liabilities 632,504 588,948
Income taxes, current 12,470 0
Operating lease liabilities, current 43,710 43,872
Debt due within one year 0 311,574
Total current liabilities 1,230,062 1,432,890
Long-term liabilities:    
Debt due after one year 2,486,405 2,483,932
Deferred income taxes 498,356 473,777
Operating lease liabilities 138,278 129,064
Accrued liabilities 329,269 319,397
Total long-term liabilities 3,452,308 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 2023: 192,198,938 shares issued and 101,732,148 shares outstanding 2022: 190,837,921 shares issued and 101,711,215 shares outstanding 2,031,542 1,771,917
Retained earnings 9,597,315 8,719,163
Treasury stock: 2023: 90,466,790 shares 2022: 89,126,706 shares (7,842,649) (7,290,801)
Accumulated other comprehensive income 77,778 107,917
Total shareholders' equity 3,863,986 3,308,196
Total liabilities and shareholders' equity $ 8,546,356 $ 8,147,256