Graco Inc.

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SEC Filings

10-Q
GRACO INC filed this Form 10-Q on 04/26/2017
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GRACO INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) (In thousands)
 
March 31,
2017
 
December 30,
2016
ASSETS
 
 
 
Current Assets
 
 
 
Cash and cash equivalents
$
76,568

 
$
52,365

Accounts receivable, less allowances of $13,300 and $12,700
244,395

 
218,365

Inventories
214,946

 
201,609

Other current assets
20,739

 
31,023

Total current assets
556,648

 
503,362

Property, Plant and Equipment
 
 
 
Cost
499,014

 
489,642

Accumulated depreciation
(307,066
)
 
(300,046
)
Property, plant and equipment, net
191,948

 
189,596

Goodwill
269,328

 
259,849

Other Intangible Assets, net
182,846

 
178,336

Deferred Income Taxes
87,175

 
86,653

Other Assets
25,905

 
25,313

Total Assets
$
1,313,850

 
$
1,243,109

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Current Liabilities
 
 
 
Notes payable to banks
$
9,380

 
$
8,913

Current portion of long-term debt
75,000

 

Trade accounts payable
43,908

 
39,988

Salaries and incentives
26,755

 
37,109

Dividends payable
20,160

 
20,088

Other current liabilities
78,504

 
71,887

Total current liabilities
253,707

 
177,985

Long-term Debt
302,655

 
305,685

Retirement Benefits and Deferred Compensation
161,562

 
159,250

Deferred Income Taxes
20,218

 
17,672

Other Non-current Liabilities
8,697

 
8,697

Shareholders’ Equity
 
 
 
Common stock
55,538

 
55,834

Additional paid-in-capital
481,179

 
453,394

Retained earnings
164,970

 
206,820

Accumulated other comprehensive income (loss)
(134,676
)
 
(142,228
)
Total shareholders’ equity
567,011

 
573,820

Total Liabilities and Shareholders’ Equity
$
1,313,850

 
$
1,243,109

See notes to consolidated financial statements.

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