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Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2024
May 31, 2023
Current assets:    
Cash and cash equivalents $ 342,015 $ 124,149
Accounts receivable, principally trade, less allowance of $17,914 and $14,926, respectively 1,244,182 1,152,993
Inventories, net 410,201 506,604
Uniforms and other rental items in service 1,040,144 1,011,918
Prepaid expenses and other current assets 148,665 142,795
Total current assets 3,185,207 2,938,459
Property and equipment, net 1,534,168 1,396,476
Investments 302,212 247,191
Goodwill 3,212,424 3,056,201
Service contracts, net 321,902 346,574
Operating lease right-of-use assets, net 187,953 178,464
Other assets, net 424,951 382,991
Total assets 9,168,817 8,546,356
Current liabilities:    
Accounts payable 339,166 302,292
Accrued compensation and related liabilities 214,130 239,086
Accrued liabilities 761,283 632,504
Income taxes, current 18,618 12,470
Operating lease liabilities, current 45,727 43,710
Debt due within one year 449,595 0
Total current liabilities 1,828,519 1,230,062
Long-term liabilities:    
Debt due after one year 2,025,934 2,486,405
Deferred income taxes 475,512 498,356
Operating lease liabilities 146,824 138,278
Accrued liabilities 375,656 329,269
Total long-term liabilities 3,023,926 3,452,308
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 2024: 193,274,296 shares issued and 101,251,994 shares outstanding 2023: 192,198,938 shares issued and 101,732,148 shares outstanding 2,305,301 2,031,542
Retained earnings 10,617,955 9,597,315
Treasury stock: 2024: 92,022,302 shares 2023: 90,466,790 shares (8,698,085) (7,842,649)
Accumulated other comprehensive income 91,201 77,778
Total shareholders' equity 4,316,372 3,863,986
Total liabilities and shareholders' equity $ 9,168,817 $ 8,546,356