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$69.70-0.2%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 27,2024 | December 29,2023 | December 30,2022 | |
| Cash Flows From Operating Activities | |||
| Net Earnings | $486,084 | $506,511 | $460,645 |
| Adjustments to reconcile net earnings to net cashprovided by operating activities | |||
| Depreciation and amortization | 86,749 | 74,321 | 65,997 |
| Deferred income taxes | 6,060 | (8,502) | (9,997) |
| Share-based compensation | 31,892 | 30,229 | 24,695 |
| Pension settlement loss | — | 42,129 | — |
| Contingent consideration | — | (8,600) | — |
| Impairment | — | 7,800 | — |
| Change in | |||
| Accounts receivable | 10,251 | (3,245) | (29,944) |
| Inventories | 55,836 | 42,716 | (95,691) |
| Trade accounts payable | (13,298) | (12,348) | 4,195 |
| Salaries and incentives | (12,187) | (2,158) | (18,442) |
| Retirement benefits and deferred compensation | (14,171) | (13,661) | (18,674) |
| Other accrued liabilities | (11,242) | (5,269) | (4,191) |
| Other | (4,274) | 1,094 | (1,199) |
| Net cash provided by operating activities | 621,700 | 651,017 | 377,394 |
| Cash Flows From Investing Activities | |||
| Property, plant and equipment additions | (106,737) | (184,775) | (201,161) |
| Acquisition of businesses, net of cash acquired | (241,767) | — | (25,296) |
| Other | 5,689 | (499) | (362) |
| Net cash used in investing activities | (342,815) | (185,274) | (226,819) |
| Cash Flows From Financing Activities | |||
| Borrowings (payments) on short-term lines of credit, net | (766) | 9,725 | (18,252) |
| Payments on long-term debt and lines of credit | — | (75,000) | (75,000) |
| Payments of debt issuance costs | (1,707) | (1,025) | — |
| Common stock issued | 70,659 | 60,182 | 35,619 |
| Common stock repurchased | (31,350) | (102,344) | (233,426) |
| Taxes paid related to net share settlement of equity awards | (4,611) | (1,225) | (1,219) |
| Cash dividends paid | (172,088) | (158,323) | (142,125) |
| Net cash used in financing activities | (139,863) | (268,010) | (434,403) |
| Effect of exchange rate changes on cash | (1,637) | 1,022 | (1,278) |
| Net increase (decrease) in cash and cash equivalents | 137,385 | 198,755 | (285,106) |
| Cash and Cash Equivalents | |||
| Beginning of year | 537,951 | 339,196 | 624,302 |
| End of year | $675,336 | $537,951 | $339,196 |
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