Graco Inc.

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SEC Filings

10-Q
GRACO INC filed this Form 10-Q on 07/26/2017
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GRACO INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) (In thousands)
 
June 30,
2017
 
December 30,
2016
ASSETS
 
 
 
Current Assets
 
 
 
Cash and cash equivalents
$
75,446

 
$
52,365

Accounts receivable, less allowances of $13,800 and $12,700
259,900

 
218,365

Inventories
221,441

 
201,609

Other current assets
22,918

 
31,023

Total current assets
579,705

 
503,362

Property, Plant and Equipment
 
 
 
Cost
506,687

 
489,642

Accumulated depreciation
(313,077
)
 
(300,046
)
Property, Plant and Equipment, net
193,610

 
189,596

Goodwill
273,098

 
259,849

Other Intangible Assets, net
183,883

 
178,336

Deferred Income Taxes
85,537

 
86,653

Other Assets
25,944

 
25,313

Total Assets
$
1,341,777

 
$
1,243,109

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Current Liabilities
 
 
 
Notes payable to banks
$
11,066

 
$
8,913

Current portion of long term debt
75,000

 

Trade accounts payable
44,447

 
39,988

Salaries and incentives
38,813

 
37,109

Dividends payable
20,140

 
20,088

Other current liabilities
74,623

 
71,887

Total current liabilities
264,089

 
177,985

Long-term Debt
236,015

 
305,685

Retirement Benefits and Deferred Compensation
163,552

 
159,250

Deferred Income Taxes
17,962

 
17,672

Other Non-current Liabilities
8,597

 
8,697

Shareholders’ Equity
 
 
 
Common stock
55,991

 
55,834

Additional paid-in-capital
493,329

 
453,394

Retained earnings
224,822

 
206,820

Accumulated other comprehensive income (loss)
(122,580
)
 
(142,228
)
Total shareholders’ equity
651,562

 
573,820

Total Liabilities and Shareholders’ Equity
$
1,341,777

 
$
1,243,109

See notes to consolidated financial statements.

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