Graco Inc.

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SEC Filings

10-Q
GRACO INC filed this Form 10-Q on 10/25/2017
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GRACO INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited) (In thousands)
 
September 29,
2017
 
December 30,
2016
ASSETS
 
 
 
Current Assets
 
 
 
Cash and cash equivalents
$
140,000

 
$
52,365

Accounts receivable, less allowances of $14,100 and $12,700
258,632

 
218,365

Inventories
222,878

 
201,609

Other current assets
20,889

 
31,023

Total current assets
642,399

 
503,362

Property, Plant and Equipment
 
 
 
Cost
518,486

 
489,642

Accumulated depreciation
(319,058
)
 
(300,046
)
Property, Plant and Equipment, net
199,428

 
189,596

Goodwill
272,858

 
259,849

Other Intangible Assets, net
181,108

 
178,336

Deferred Income Taxes
81,756

 
86,653

Other Assets
26,674

 
25,313

Total Assets
$
1,404,223

 
$
1,243,109

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Current Liabilities
 
 
 
Notes payable to banks
$
6,215

 
$
8,913

Current portion of long term debt
75,000

 

Trade accounts payable
46,603

 
39,988

Salaries and incentives
49,574

 
37,109

Dividends payable
20,196

 
20,088

Other current liabilities
90,683

 
71,887

Total current liabilities
288,271

 
177,985

Long-term Debt
225,000

 
305,685

Retirement Benefits and Deferred Compensation
145,224

 
159,250

Deferred Income Taxes
17,433

 
17,672

Other Non-current Liabilities
8,306

 
8,697

Shareholders’ Equity
 
 
 
Common stock
56,115

 
55,834

Additional paid-in-capital
504,072

 
453,394

Retained earnings
280,355

 
206,820

Accumulated other comprehensive income (loss)
(120,553
)
 
(142,228
)
Total shareholders’ equity
719,989

 
573,820

Total Liabilities and Shareholders’ Equity
$
1,404,223

 
$
1,243,109

See notes to consolidated financial statements.

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