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$69.70-0.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended | |||
|---|---|---|---|
| December 29,2023 | December 30,2022 | December 31,2021 | |
| Cash Flows From Operating Activities | |||
| Net Earnings | $506,511 | $460,645 | $439,866 |
| Adjustments to reconcile net earnings to net cashprovided by operating activities | |||
| Depreciation and amortization | 74,321 | 65,997 | 59,325 |
| Deferred income taxes | (8,502) | (9,997) | (46,572) |
| Share-based compensation | 30,229 | 24,695 | 24,931 |
| Pension settlement loss | 42,129 | — | 12,018 |
| Contingent consideration | (8,600) | — | — |
| Impairment | 7,800 | — | — |
| Change in | |||
| Accounts receivable | (3,245) | (29,944) | (13,801) |
| Inventories | 42,716 | (95,691) | (97,780) |
| Trade accounts payable | (12,348) | 4,195 | 12,397 |
| Salaries and incentives | (2,158) | (18,442) | 29,089 |
| Retirement benefits and deferred compensation | (13,661) | (18,674) | (10,799) |
| Other accrued liabilities | (5,269) | (4,191) | 51,342 |
| Other | 1,094 | (1,199) | (3,120) |
| Net cash provided by operating activities | 651,017 | 377,394 | 456,896 |
| Cash Flows From Investing Activities | |||
| Property, plant and equipment additions | (184,775) | (201,161) | (133,566) |
| Acquisition of businesses, net of cash acquired | — | (25,296) | (19,386) |
| Other | (499) | (362) | (347) |
| Net cash used in investing activities | (185,274) | (226,819) | (153,299) |
| Cash Flows From Financing Activities | |||
| Borrowings on short-term lines of credit, net | 9,725 | (18,252) | 20,497 |
| Payments on long-term debt | (75,000) | (75,000) | (70) |
| Payments of debt issuance costs | (1,025) | — | (1,422) |
| Common stock issued | 60,182 | 35,619 | 50,963 |
| Common stock repurchased | (102,344) | (233,426) | — |
| Taxes paid related to net share settlement of equity awards | (1,225) | (1,219) | — |
| Cash dividends paid | (158,323) | (142,125) | (127,110) |
| Net cash used in financing activities | (268,010) | (434,403) | (57,142) |
| Effect of exchange rate changes on cash | 1,022 | (1,278) | (1,062) |
| Net increase (decrease) in cash and cash equivalents | 198,755 | (285,106) | 245,393 |
| Cash and Cash Equivalents | |||
| Beginning of year | 339,196 | 624,302 | 378,909 |
| End of year | $537,951 | $339,196 | $624,302 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.