GRACO INC
For the period ended Dec 27, 2024. Filed Feb 18, 2025.
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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.
FY2024 · Filed Feb 18, 2025
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 27,2024 | December 29,2023 | |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $675,336 | $537,951 |
| Accounts receivable, less allowances of $6,000 and $5,300 | 362,533 | 354,439 |
| Inventories | 404,676 | 438,349 |
| Other current assets | 54,896 | 35,070 |
| Total current assets | 1,497,441 | 1,365,809 |
| Property, Plant and Equipment, net | 771,656 | 741,713 |
| Goodwill | 487,468 | 370,228 |
| Other Intangible Assets, net | 233,306 | 126,258 |
| Operating Lease Assets | 19,678 | 18,768 |
| Deferred Income Taxes | 46,910 | 61,381 |
| Other Assets | 82,753 | 37,850 |
| Total Assets | $3,139,212 | $2,722,007 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities | ||
| Notes payable to banks | $28,537 | $30,036 |
| Trade accounts payable | 60,816 | 72,214 |
| Salaries and incentives | 58,169 | 64,802 |
| Dividends payable | 46,558 | 42,789 |
| Other current liabilities | 211,728 | 185,359 |
| Total current liabilities | 405,808 | 395,200 |
| Retirement Benefits and Deferred Compensation | 80,381 | 80,347 |
| Operating Lease Liabilities | 12,278 | 11,785 |
| Deferred Income Taxes | 37,822 | 8,215 |
| Other Non-current Liabilities | 18,788 | 2,235 |
| Commitments and Contingencies (Note K) | ||
| Shareholders’ Equity | ||
| Common stock, $1 par value; 291,000,000 shares authorized; 169,393,735 and 167,946,063 shares outstanding in 2024 and 2023 | 169,394 | 167,946 |
| Additional paid-in-capital | 955,051 | 863,336 |
| Retained earnings | 1,509,264 | 1,227,938 |
| Accumulated other comprehensive loss | (49,574) | (34,995) |
| Total shareholders’ equity | 2,584,135 | 2,224,225 |
| Total Liabilities and Shareholders’ Equity | $3,139,212 | $2,722,007 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.