Graco Inc.

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SEC Filings

10-K
GRACO INC filed this Form 10-K on 02/17/2015
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GRACO INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

 

  December 26,   December 27,  
  2014   2013  

ASSETS

Current Assets

Cash and cash equivalents

$ 23,656   $ 19,756  

Accounts receivable, less allowances of $8,100 and $6,300

  214,944     183,293  

Inventories

  159,797     133,787  

Deferred income taxes

  19,969     18,827  

Investment in businesses held separate

  421,767     422,297  

Other current assets

  19,374     14,633  
  

 

 

   

 

 

 

Total current assets

  859,507     792,593  

Property, Plant and Equipment, net

  161,230     151,717  

Goodwill

  292,574     189,967  

Other Intangible Assets, net

  176,278     147,940  

Deferred Income Taxes

  28,982     20,366  

Other Assets

  26,207     24,645  
  

 

 

   

 

 

 

Total Assets

$ 1,544,778   $ 1,327,228  
  

 

 

   

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current Liabilities

Notes payable to banks

$ 5,016   $ 9,584  

Trade accounts payable

  39,306     34,282  

Salaries and incentives

  40,775     38,939  

Dividends payable

  17,790     16,881  

Other current liabilities

  71,593     69,167  
  

 

 

   

 

 

 

Total current liabilities

  174,480     168,853  

Long-term Debt

  615,000     408,370  

Retirement Benefits and Deferred Compensation

  136,812     94,705  

Deferred Income Taxes

  22,454     20,935  

Commitments and Contingencies (Note K)

Shareholders’ Equity

Common stock, $1 par value; 97,000,000 shares authorized; 59,198,527 and 61,003,203 shares outstanding in 2014 and 2013

  59,199     61,003  

Additional paid-in-capital

  384,704     347,058  

Retained earnings

  252,865     272,653  

Accumulated other comprehensive income (loss)

  (100,736   (46,349
  

 

 

   

 

 

 

Total shareholders’ equity

  596,032     634,365  
  

 

 

   

 

 

 

Total Liabilities and Shareholders’ Equity

$ 1,544,778   $ 1,327,228  
  

 

 

   

 

 

 

See notes to consolidated financial statements.

 

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