GRACO INC
For the period ended Dec 29, 2023. Filed Feb 20, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 20, 2024
GGG$69.82+2.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and per share amounts)
| December 29,2023 | December 30,2022 | |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $537,951 | $339,196 |
| Accounts receivable, less allowances of $5,300 and $7,000 | 354,439 | 346,010 |
| Inventories | 438,349 | 476,790 |
| Other current assets | 35,070 | 43,624 |
| Total current assets | 1,365,809 | 1,205,620 |
| Property, Plant and Equipment, net | 741,713 | 607,609 |
| Goodwill | 370,228 | 368,171 |
| Other Intangible Assets, net | 126,258 | 137,507 |
| Operating Lease Assets | 18,768 | 29,785 |
| Deferred Income Taxes | 61,381 | 57,090 |
| Other Assets | 37,850 | 33,118 |
| Total Assets | $2,722,007 | $2,438,900 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Notes payable to banks | $30,036 | $20,974 |
| Trade accounts payable | 72,214 | 84,218 |
| Salaries and incentives | 64,802 | 63,969 |
| Dividends payable | 42,789 | 39,963 |
| Other current liabilities | 185,359 | 190,793 |
| Total current liabilities | 395,200 | 399,917 |
| Long-term Debt | — | 75,000 |
| Retirement Benefits and Deferred Compensation | 80,347 | 61,672 |
| Operating Lease Liabilities | 11,785 | 21,057 |
| Deferred Income Taxes | 8,215 | 9,443 |
| Other Non-current Liabilities | 2,235 | 12,159 |
| Commitments and Contingencies (Note K) | ||
| Shareholders’ Equity | ||
| Common stock, $1 par value; 291,000,000 shares authorized; 167,946,063 and 167,702,130 shares outstanding in 2023 and 2022 | 167,946 | 167,702 |
| Additional paid-in-capital | 863,336 | 784,477 |
| Retained earnings | 1,227,938 | 976,851 |
| Accumulated other comprehensive income (loss) | (34,995) | (69,378) |
| Total shareholders’ equity | 2,224,225 | 1,859,652 |
| Total Liabilities and Shareholders’ Equity | $2,722,007 | $2,438,900 |
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