Supplemental Guarantor Information | Supplemental Guarantor Information Cintas Corporation No. 2 (Corp. 2) is the indirectly, wholly-owned principal operating subsidiary of Cintas. Corp. 2 is the issuer of the $ 3,156.0 million aggregate principal amount of outstanding debt, which is unconditionally guaranteed, jointly and severally, by Cintas Corporation and its wholly-owned, direct and indirect domestic subsidiaries. As allowed by SEC rules, the following condensed consolidating financial statements are provided as an alternative to filing separate financial statements of the guarantors. Each of the subsidiaries presented in the following condensed consolidating financial statements has been fully consolidated in Cintas' consolidated financial statements. The following condensed consolidating financial statements should be read in conjunction with the consolidated financial statements of Cintas and notes thereto of which this note is an integral part. During fiscal 2017, the Company merged a legal entity previously included in subsidiary guarantors into Corp. 2. This restructuring has been reflected as of the beginning of the earliest period presented herein. Additionally, in conjunction with the G&K acquisition, the acquired U.S. legal entities are included in Corp. 2 and the acquired Canadian legal entities are included with the Non-guarantors. Condensed consolidating financial statements for Cintas, Corp. 2, the subsidiary guarantors and non-guarantors are presented on the following pages: Condensed Consolidating Income Statement Year Ended May 31, 2017 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 3,511,483 $ 604,679 $ 257,288 $ (170,960 ) $ 4,202,490 Other — 1,604,877 1,810 73,006 (558,802 ) 1,120,891 Equity in net income of affiliates 457,286 — — — (457,286 ) — 457,286 5,116,360 606,489 330,294 (1,187,048 ) 5,323,381 Costs and expenses (income): Cost of uniform rental and facility services — 2,021,365 378,404 164,969 (256,964 ) 2,307,774 Cost of other — 1,070,780 (41,509 ) 56,210 (450,169 ) 635,312 Selling and administrative expenses — 1,686,209 (220,887 ) 87,672 (25,614 ) 1,527,380 G&K Services, Inc. transaction and integration expenses — 51,868 19,060 8,296 — 79,224 Operating income 457,286 286,138 471,421 13,147 (454,301 ) 773,691 Interest income — (26 ) (191 ) (22 ) 2 (237 ) Interest expense (income) — 89,706 (2,978 ) (204 ) — 86,524 Income before income taxes 457,286 196,458 474,590 13,373 (454,303 ) 687,404 Income taxes — 65,829 159,025 5,365 (101 ) 230,118 Income from continuing operations 457,286 130,629 315,565 8,008 (454,202 ) 457,286 Income from discontinued operations, net of tax 23,422 22,287 — 1,135 (23,422 ) 23,422 Net income $ 480,708 $ 152,916 $ 315,565 $ 9,143 $ (477,624 ) $ 480,708 Condensed Consolidating Income Statement Year Ended May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 3,147,844 $ 553,414 $ 213,526 $ (155,260 ) $ 3,759,524 Other — 1,484,556 8,540 66,270 (523,118 ) 1,036,248 Equity in net income of affiliates 448,605 — — — (448,605 ) — 448,605 4,632,400 561,954 279,796 (1,126,983 ) 4,795,772 Costs and expenses (income): Cost of uniform rental and facility services — 1,835,835 350,500 142,601 (236,103 ) 2,092,833 Cost of other — 1,001,576 (40,741 ) 48,539 (407,775 ) 601,599 Selling and administrative expenses — 1,497,106 (206,889 ) 69,257 (27,075 ) 1,332,399 Operating income 448,605 297,883 459,084 19,399 (456,030 ) 768,941 Interest income — — (666 ) (232 ) 2 (896 ) Interest expense (income) — 65,534 (1,027 ) 15 — 64,522 Income before income taxes 448,605 232,349 460,777 19,616 (456,032 ) 705,315 Income taxes — 82,783 164,169 9,874 (116 ) 256,710 Income from continuing operations 448,605 149,566 296,608 9,742 (455,916 ) 448,605 Income (loss) from discontinued operations, net of tax 244,915 250,625 — (5,837 ) (244,788 ) 244,915 Net income $ 693,520 $ 400,191 $ 296,608 $ 3,905 $ (700,704 ) $ 693,520 Condensed Consolidating Income Statement Year Ended May 31, 2015 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Revenue: Uniform rental and facility services $ — $ 2,919,526 $ 507,481 $ 229,391 $ (137,199 ) $ 3,519,199 Other — 1,303,204 (8,173 ) 57,349 (501,902 ) 850,478 Equity in net income of affiliates 402,553 — — — (402,553 ) — 402,553 4,222,730 499,308 286,740 (1,041,654 ) 4,369,677 Costs and expenses (income): Cost of uniform rental and facility services — 1,781,651 271,512 154,601 (215,099 ) 1,992,665 Cost of other — 830,459 11,028 37,628 (395,026 ) 484,089 Selling and administrative expenses — 1,343,361 (182,290 ) 74,523 (26,310 ) 1,209,284 Operating income 402,553 267,259 399,058 19,988 (405,219 ) 683,639 Gain on sale of stock of an equity method investment — — 21,739 — — 21,739 Interest income — (12 ) (250 ) (79 ) 2 (339 ) Interest expense (income) — 66,298 (1,134 ) (3 ) — 65,161 Income before income taxes 402,553 200,973 422,181 20,070 (405,221 ) 640,556 Income taxes 74,307 156,097 7,665 (66 ) 238,003 Income from continuing operations 402,553 126,666 266,084 12,405 (405,155 ) 402,553 Income from discontinued operations, net of tax 28,065 23,271 — 4,596 (27,867 ) 28,065 Net income $ 430,618 $ 149,937 $ 266,084 $ 17,001 $ (433,022 ) $ 430,618 Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2017 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 480,708 $ 152,916 $ 315,565 $ 9,143 $ (477,624 ) $ 480,708 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments (10,252 ) — — (10,252 ) 10,252 (10,252 ) Change in fair value of cash flow hedges 31,136 31,136 — — (31,136 ) 31,136 Amortization of interest rate lock agreements 1,076 1,076 — — (1,076 ) 1,076 Other (115 ) — (115 ) — 115 (115 ) Other comprehensive income (loss) 21,845 32,212 (115 ) (10,252 ) (21,845 ) 21,845 Comprehensive income (loss) $ 502,553 $ 185,128 $ 315,450 $ (1,109 ) $ (499,469 ) $ 502,553 Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 693,520 $ 400,191 $ 296,608 $ 3,905 $ (700,704 ) $ 693,520 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (11,933 ) — (11,933 ) Cumulative translation adjustment on Shred-it — 5,875 — 597 — 6,472 Change in fair value of cash flow hedges — (12,156 ) — — — (12,156 ) Amortization of interest rate lock agreements — 1,952 — — — 1,952 Other — — (730 ) (8 ) — (738 ) Other comprehensive loss — (4,329 ) (730 ) (11,344 ) — (16,403 ) Comprehensive income (loss) $ 693,520 $ 395,862 $ 295,878 $ (7,439 ) $ (700,704 ) $ 677,117 Condensed Consolidating Statement of Comprehensive Income Year Ended May 31, 2015 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Net income $ 430,618 $ 149,937 $ 266,084 $ 17,001 $ (433,022 ) $ 430,618 Other comprehensive (loss) income, net of tax: Foreign currency translation adjustments — — — (38,538 ) — (38,538 ) Change in fair value of cash flow hedges — — — 37 — 37 Amortization of interest rate lock agreements — 1,952 — — — 1,952 Other — — (361 ) 11 — (350 ) Other comprehensive income (loss) — 1,952 (361 ) (38,490 ) — (36,899 ) Comprehensive income (loss) $ 430,618 $ 151,889 $ 265,723 $ (21,489 ) $ (433,022 ) $ 393,719 Condensed Consolidating Balance Sheet As of May 31, 2017 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 48,658 $ 17,302 $ 103,306 $ — $ 169,266 Marketable securities — — — 22,219 — 22,219 Accounts receivable, net — 543,769 137,881 54,358 — 736,008 Inventories, net — 243,677 21,466 14,461 (1,386 ) 278,218 Uniforms and other rental items in service — 531,295 78,012 45,388 (18,993 ) 635,702 Income taxes, current — 16,173 25,138 3,009 — 44,320 Prepaid expenses and other current assets — 13,234 16,188 710 — 30,132 Assets held for sale — 23,095 15,518 — — 38,613 Total current assets — 1,419,901 311,505 243,451 (20,379 ) 1,954,478 Property and equipment, at cost, net — 851,018 364,724 107,759 — 1,323,501 Investments (1) 321,083 3,605,457 929,657 1,711,070 (6,402,479 ) 164,788 Goodwill — — 2,742,898 39,549 (112 ) 2,782,335 Service contracts, net — 505,698 — 81,290 — 586,988 Other assets, net 1,516,463 14,705 3,489,653 11,983 (5,000,837 ) 31,967 $ 1,837,546 $ 6,396,779 $ 7,838,437 $ 2,195,102 $ (11,423,807 ) $ 6,844,057 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,596,731 ) $ 2,292,388 $ (91,467 ) $ 38,108 $ 177,051 Accrued compensation and related liabilities — 94,505 42,866 12,264 — 149,635 Accrued liabilities — 191,819 219,303 18,687 — 429,809 Liabilities held for sale — 11,457 — — — 11,457 Debt due within one year — 362,900 — — — 362,900 Total current liabilities (465,247 ) (936,050 ) 2,554,557 (60,516 ) 38,108 1,130,852 Long-term liabilities: Debt due after one year — 2,770,234 — 390 — 2,770,624 Deferred income taxes — — 436,613 32,715 — 469,328 Accrued liabilities — 28,384 140,923 1,153 — 170,460 Total long-term liabilities — 2,798,618 577,536 34,258 — 3,410,412 Total shareholders' equity 2,302,793 4,534,211 4,706,344 2,221,360 (11,461,915 ) 2,302,793 $ 1,837,546 $ 6,396,779 $ 7,838,437 $ 2,195,102 $ (11,423,807 ) $ 6,844,057 (1) Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $29.0 million and $135.8 million , respectively, of the $164.8 million consolidated net investments. Condensed Consolidating Balance Sheet As of May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Assets Current assets: Cash and cash equivalents $ — $ 57,894 $ 55,391 $ 26,072 $ — $ 139,357 Marketable securities — — — 70,405 — 70,405 Accounts receivable, net — 413,645 97,516 35,327 — 546,488 Inventories, net — 222,822 19,150 11,235 (3,845 ) 249,362 Uniforms and other rental items in service — 448,395 73,001 36,612 (19,722 ) 538,286 Income taxes, current — (151 ) 1,215 648 — 1,712 Prepaid expenses and other current assets — 6,708 18,278 962 — 25,948 Assets held for sale — 19,021 — — — 19,021 Total current assets — 1,168,334 264,551 181,261 (23,567 ) 1,590,579 Property and equipment, at cost, net — 614,111 305,636 73,945 — 993,692 Investments (1) 321,083 1,770,303 901,772 941,396 (3,809,602 ) 124,952 Goodwill — — 1,241,145 35,043 (112 ) 1,276,076 Service contracts, net — 75,941 13 2,240 — 78,194 Other assets, net 1,081,203 — 3,338,742 9,110 (4,414,772 ) 14,283 Long-term assets held for sale — 5,521 15,518 — — 21,039 $ 1,402,286 $ 3,634,210 $ 6,067,377 $ 1,242,995 $ (8,248,053 ) $ 4,098,815 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ (465,247 ) $ (1,775,092 ) $ 2,296,493 $ 16,781 $ 38,005 $ 110,940 Accrued compensation and related liabilities — 72,959 23,052 5,380 — 101,391 Accrued liabilities — 78,471 251,217 13,578 — 343,266 Liabilities held for sale — 9,958 — — — 9,958 Debt due within one year — 250,000 — — — 250,000 Total current liabilities (465,247 ) (1,363,704 ) 2,570,762 35,739 38,005 815,555 Long-term liabilities: Debt due after one year — 1,044,032 — 390 — 1,044,422 Deferred income taxes — (427 ) 252,149 7,753 — 259,475 Accrued liabilities — 19,628 116,091 985 — 136,704 Total long-term liabilities — 1,063,233 368,240 9,128 — 1,440,601 Total shareholders' equity 1,867,533 3,934,681 3,128,375 1,198,128 (8,286,058 ) 1,842,659 $ 1,402,286 $ 3,634,210 $ 6,067,377 $ 1,242,995 $ (8,248,053 ) $ 4,098,815 (1) Investments include inter company investment activity. Corp 2 and Subsidiary Guarantors hold $15.5 million and $109.5 million , respectively, of the $125.0 million consolidated net investments. Condensed Consolidating Statement of Cash Flows Year Ended May 31, 2017 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 480,708 $ 152,916 $ 315,565 $ 9,143 $ (477,624 ) $ 480,708 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation — 117,578 43,660 10,327 — 171,565 Amortization of intangible assets — 21,496 1,178 2,356 — 25,030 Stock-based compensation 88,868 — — — — 88,868 Gain on Storage — (1,460 ) — — — (1,460 ) Gain on Shred-it — (23,516 ) — (1,941 ) — (25,457 ) Asset impairment charge — 20,966 — 2,365 — 23,331 G&K Services, Inc. transaction and integration costs — 26,453 — 4,992 — 31,445 Short-term debt financing fees included in net income — 17,062 — — — 17,062 Settlement of cash flow hedges — 30,194 — — — 30,194 Deferred income taxes — (26,289 ) 26,058 4,133 — 3,902 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (50,012 ) (40,380 ) (3,165 ) — (93,557 ) Inventories, net — 7,787 (2,317 ) (3,679 ) (2,459 ) (668 ) Uniforms and other rental items in service — (4,951 ) (5,011 ) 1,959 (729 ) (8,732 ) Prepaid expenses and other current assets — 21,119 2,775 307 — 24,201 Accounts payable — 1,765,713 (1,509,215 ) (242,875 ) 103 13,726 Accrued compensation and related liabilities — (7,498 ) 19,815 1,337 — 13,654 Accrued liabilities and other — 2,813 (5,675 ) 2,361 — (501 ) Income taxes, current — (5,205 ) (22,445 ) (1,774 ) — (29,424 ) Net cash provided by (used in) operating activities 569,576 2,065,166 (1,175,992 ) (214,154 ) (480,709 ) 763,887 Cash flows from investing activities: Capital expenditures — (153,963 ) (102,682 ) (16,672 ) — (273,317 ) Proceeds from redemption of marketable securities — — — 218,324 — 218,324 Purchase of marketable securities and investments — 18,150 (797,559 ) 598,344 — (181,065 ) Proceeds from sale of Storage — 2,400 — — — 2,400 Proceeds from sale of Shred-it — 23,935 — 1,941 — 25,876 Acquisitions of businesses, net of cash acquired — (2,112,015 ) — 9,644 — (2,102,371 ) Other, net (438,344 ) (1,562,294 ) 2,039,740 (520,007 ) 480,709 (196 ) Net cash (used in) provided by investing activities (438,344 ) (3,783,787 ) 1,139,499 291,574 480,709 (2,310,349 ) Cash flows from financing activities: Proceeds from issuance of commercial paper, net — 50,500 — — — 50,500 Proceeds from issuance of debt, net — 1,932,229 (2,000 ) 2,000 — 1,932,229 Repayment of debt — (250,000 ) — — — (250,000 ) Payment of short-term debt financing fees — (17,062 ) — — — (17,062 ) Proceeds from exercise of stock-based compensation awards 31,870 — — — — 31,870 Dividends paid (142,378 ) — — (55 ) — (142,433 ) Repurchase of common stock (20,724 ) — — — — (20,724 ) Other, net — (6,282 ) 404 — — (5,878 ) Net cash (used in) provided by financing activities (131,232 ) 1,709,385 (1,596 ) 1,945 — 1,578,502 Effect of exchange rate changes on cash and cash equivalents — — — (2,131 ) — (2,131 ) Net (decrease) increase in cash and cash equivalents — (9,236 ) (38,089 ) 77,234 — 29,909 Cash and cash equivalents at beginning of year — 57,894 55,391 26,072 — 139,357 Cash and cash equivalents at end of year $ — $ 48,658 $ 17,302 $ 103,306 $ — $ 169,266 Condensed Consolidating Statement of Cash Flows Year Ended May 31, 2016 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 693,520 $ 400,191 $ 296,608 $ 3,905 $ (700,704 ) $ 693,520 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation — 102,443 37,883 9,365 — 149,691 Amortization of intangible assets — 14,830 304 454 — 15,588 Stock-based compensation 79,293 — — — — 79,293 Gain on Storage transactions — (12,547 ) — (3,239 ) — (15,786 ) Gain (loss) on Shred-it — (366,460 ) — 12,389 — (354,071 ) Deferred income taxes — (83,648 ) 22,025 2,321 — (59,302 ) Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — (30,381 ) (20,196 ) (2,185 ) — (52,762 ) Inventories, net — (23,917 ) 2,011 (2,454 ) 6,443 (17,917 ) Uniforms and other rental items in service — (3,193 ) (2,032 ) (1,840 ) 759 (6,306 ) Prepaid expenses and other current assets — (167 ) (914 ) 116 — (965 ) Accounts payable — (487,582 ) 491,918 (4,884 ) (16 ) (564 ) Accrued compensation and related liabilities — 9,838 3,103 571 — 13,512 Accrued liabilities and other — (3,790 ) 25,625 155 724 22,714 Income taxes, current — 895 (1,118 ) (577 ) — (800 ) Net cash provided by (used in) operating activities 772,813 (483,488 ) 855,217 14,097 (692,794 ) 465,845 Cash flows from investing activities: Capital expenditures — (162,075 ) (100,380 ) (12,930 ) — (275,385 ) Proceeds from redemption of marketable securities — — — 434,179 — 434,179 Purchase of marketable securities and investments — (3,333 ) (12,085 ) (488,765 ) 10,037 (494,146 ) Proceeds from Storage transactions — 32,099 — 3,239 — 35,338 Proceeds from sale of Shred-it — 568,223 — 12,614 — 580,837 Acquisitions of businesses, net of cash acquired — (130,786 ) — (25,793 ) — (156,579 ) Other, net 94,344 169,821 (945,406 ) 1,897 683,481 4,137 Net cash provided by (used in) investing activities 94,344 473,949 (1,057,871 ) (75,559 ) 693,518 128,381 Cash flows from financing activities: Proceeds from the issuance of debt — — (165 ) 165 — — Repayment of debt — (9,151 ) 10,224 (365 ) (724 ) (16 ) Proceeds from exercise of stock-based compensation awards 28,226 — — — — 28,226 Dividends paid (115,232 ) — — (41 ) — (115,273 ) Repurchase of common stock (780,151 ) — — — — (780,151 ) Other, net — 1,952 (730 ) (732 ) — 490 Net cash (used in) provided by financing activities (867,157 ) (7,199 ) 9,329 (973 ) (724 ) (866,724 ) Effect of exchange rate changes on cash and cash equivalents — — — (5,218 ) — (5,218 ) Net decrease in cash and cash equivalents — (16,738 ) (193,325 ) (67,653 ) — (277,716 ) Cash and cash equivalents at beginning of year — 74,632 248,716 93,725 — 417,073 Cash and cash equivalents at end of year $ — $ 57,894 $ 55,391 $ 26,072 $ — $ 139,357 Condensed Consolidating Statement of Cash Flows Year Ended May 31, 2015 (in thousands) Cintas Corporation Corp. 2 Subsidiary Guarantors Non- Guarantors Eliminations Cintas Corporation Consolidated Cash flows from operating activities: Net income $ 430,618 $ 149,937 $ 266,084 $ 17,001 $ (433,022 ) $ 430,618 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation — 92,133 38,066 10,425 — 140,624 Amortization of intangible assets — 13,972 60 426 — 14,458 Stock-based compensation 47,002 — — — — 47,002 Gain on Storage transactions — (31,113 ) — (7,460 ) — (38,573 ) Loss on Shred-it — 3,190 — 661 — 3,851 Gain on sale of stock in an equity method investment — — (21,739 ) — — (21,739 ) Deferred income taxes — 67 18,565 2,234 — 20,866 Changes in current assets and liabilities, net of acquisitions of businesses: Accounts receivable, net — 2,416 (5,141 ) 1,282 — (1,443 ) Inventories, net — 22,405 (405 ) (487 ) 2,272 23,785 Uniforms and other rental items in service — (24,203 ) (5,154 ) (2,764 ) 127 (31,994 ) Prepaid expenses and other current assets — (317 ) (2,768 ) (117 ) — (3,202 ) Accounts payable — (343,401 ) 310,050 (98 ) 4 (33,445 ) Accrued compensation and related liabilities — 3,345 1,226 (1,337 ) — 3,234 Accrued liabilities and other — (15,160 ) 41,882 6,322 22 33,066 Income taxes, current — 142 (5,939 ) (1,035 ) — (6,832 ) Net cash provided by (used in) operating activities 477,620 (126,587 ) 634,787 25,053 (430,597 ) 580,276 Cash flows from investing activities: Capital expenditures — (117,545 ) (85,713 ) (14,462 ) — (217,720 ) Proceeds from redemption of marketable securities — — — 161,938 — 161,938 Purchase of marketable securities and investments — (1,827 ) 38,731 (179,130 ) (53,245 ) (195,471 ) Proceeds from Storage transactions, net of cash contributed — 93,387 — 65,041 — 158,428 Proceeds from Shredding Transaction — 3,344 — — — 3,344 Proceeds from sale of stock of an equity method investment — — 29,933 — — 29,933 Dividends received on equity method investment — — 5,247 — — 5,247 Dividends received on Shred-it — 113,400 — — — 113,400 Acquisitions of businesses, net of cash acquired — (15,495 ) — — — (15,495 ) Other, net 235,951 51,438 (773,575 ) 3,705 483,864 1,383 Net cash provided by (used in) investing activities 235,951 126,702 (785,377 ) 37,092 430,619 44,987 Cash flows from financing activities: Proceeds from the issuance of debt — — (2,615 ) 2,615 — — Repayment of debt — (1,178 ) 2,962 (2,280 ) (22 ) (518 ) Proceeds from exercise of stock-based compensation awards 40,230 — — — — 40,230 Dividends paid (201,831 ) — — (60 ) — (201,891 ) Repurchase of common stock (551,970 ) — — — — (551,970 ) Other, net — 1,952 (363 ) — — 1,589 Net cash (used in) provided by financing activities (713,571 ) 774 (16 ) 275 (22 ) (712,560 ) Effect of exchange rate changes on cash and cash equivalents — — — (8,918 ) — (8,918 ) Net increase (decrease) in cash and cash equivalents — 889 (150,606 ) 53,502 — (96,215 ) Cash and cash equivalents at beginning of year — 73,743 399,322 40,223 — 513,288 Cash and cash equivalents at end of year $ — $ 74,632 $ 248,716 $ 93,725 $ — $ 417,073 |