Graco Inc.

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SEC Filings

10-K
GRACO INC filed this Form 10-K on 02/16/2016
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GRACO INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
 
 
December 25, 2015
 
December 26, 2014
ASSETS
 
 
 
Current Assets
 
 
 
Cash and cash equivalents
$
52,295

 
$
23,656

Accounts receivable, less allowances of $10,400 and $8,100
225,509

 
214,944

Inventories
202,136

 
159,797

Investment in businesses held separate

 
421,767

Other current assets
29,077

 
19,374

Total current assets
509,017

 
839,538

Property, Plant and Equipment, net
178,437

 
161,230

Goodwill
394,488

 
292,574

Other Intangible Assets, net
227,987

 
176,278

Deferred Income Taxes
56,976

 
48,951

Other Assets
24,447

 
26,207

Total Assets
$
1,391,352

 
$
1,544,778

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Current Liabilities
 
 
 
Notes payable to banks
$
15,901

 
$
5,016

Trade accounts payable
40,505

 
39,306

Salaries and incentives
44,673

 
40,775

Dividends payable
18,447

 
17,790

Other current liabilities
75,090

 
69,850

Total current liabilities
194,616

 
172,737

Long-term Debt
392,695

 
615,000

Retirement Benefits and Deferred Compensation
137,457

 
136,812

Deferred Income Taxes
22,303

 
24,197

Other Non-current Liabilities
8,730

 

Commitments and Contingencies (Note K)

 

Shareholders’ Equity
 
 
 
Common stock, $1 par value; 97,000,000 shares authorized;
55,765,980 and 59,198,527 shares outstanding in 2015 and 2014
55,766

 
59,199

Additional paid-in-capital
398,774

 
384,704

Retained earnings
285,508

 
252,865

Accumulated other comprehensive income (loss)
(104,497
)
 
(100,736
)
Total shareholders’ equity
635,551

 
596,032

Total Liabilities and Shareholders’ Equity
$
1,391,352

 
$
1,544,778

See notes to consolidated financial statements.

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