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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Cash flows from operating activities:    
Net income $ 452,033 $ 385,085
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 73,838 67,613
Amortization of intangible assets and capitalized contract costs 41,366 39,199
Stock-based compensation 33,367 30,242
Deferred income taxes 1,887 (1,367)
Change in current assets and liabilities, net of acquisitions of businesses:    
Accounts receivable, net (49,129) (43,892)
Inventories, net 11,318 8,541
Uniforms and other rental items in service (20,144) (7,414)
Prepaid expenses and other current assets and capitalized contract costs (68,719) (66,791)
Accounts payable 56,698 12,443
Accrued compensation and related liabilities (86,965) (124,408)
Accrued liabilities and other (44,268) (48,952)
Income taxes, current 65,450 86,646
Net cash provided by operating activities 466,732 336,945 Close
Cash flows from investing activities:    
Capital expenditures (92,921) (106,697)
Purchases of investments (7,124) (6,525)
Acquisitions of businesses, net of cash acquired (9,436) (55,651)
Other, net (4,851) (963)
Net cash used in investing activities (114,332) (169,836) Close
Cash flows from financing activities:    
Issuance of commercial paper, net 166,000 0
Repayment of debt 0 (10,000)
Proceeds from exercise of stock-based compensation awards 231 479
Dividends paid (138,237) (117,565)
Repurchase of common stock (614,802) (73,276)
Other, net (5,984) (2,013)
Net cash used in financing activities (592,792) (202,375) Close
Effect of exchange rate changes on cash and cash equivalents (250) (757) Close
Net decrease in cash and cash equivalents (240,642) (36,023) Close
Cash and cash equivalents at beginning of period 342,015 124,149
Cash and cash equivalents at end of period $ 101,373 $ 88,126