Graco Inc. (GGG) Financial Statements (2024 and earlier)

Company Profile

Business Address 88 11TH AVENUE NE
MINNEAPOLIS, MN 55413-1894
State of Incorp. MN
Fiscal Year End December 31
Industry (SIC) 3561 - Pumps and Pumping Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments339624379221132104
Cash and cash equivalents339624379221132104
Receivables346325315267275256
Inventory, net of allowances, customer advances and progress billings477382286273284239
Inventory477382286273284239
Other current assets443244303332
Total current assets:1,2061,3641,024791723632
Noncurrent Assets
Operating lease, right-of-use asset30303830
Property, plant and equipment608451351326229204
Intangible assets, net (including goodwill)506506508470460462
Goodwill368356348308294279
Intangible assets, net (excluding goodwill)138150161163166183
Deferred income tax assets575626 
Other noncurrent assets333742362830
Other undisclosed noncurrent assets    393251
Total noncurrent assets:1,2331,080964901750747
TOTAL ASSETS:2,4392,4431,9881,6921,4731,379
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities188197142135146127
Interest and dividends payable403632292622
Employee-related liabilities648352516256
Accounts payable847858545749
Accrued liabilities      
Debt21118228117
Other liabilities191191157143143101
Total current liabilities:400507321285300234
Noncurrent Liabilities
Long-term debt and lease obligation 7599179188266226
Long-term debt, excluding current maturities 7575150164266226
Liabilities, other than long-term debt104129204183155196
Deferred tax liabilities, net1717
Deferred income tax liabilities91110 
Liability, pension and other postretirement and postemployment benefits62107185183133172
Other liabilities12119 56
Operating lease, liability21242924
Other undisclosed noncurrent liabilities    11  
Total noncurrent liabilities:179227383382421422
Total liabilities:579734704667721656
Equity
Equity, attributable to parent1,8601,7091,2841,025752723
Common stock168170169167165169
Additional paid in capital784742671578511500
Accumulated other comprehensive loss(69)(80)(124)(170)(145)(128)
Retained earnings977877568449221182
Total equity:1,8601,7091,2841,025752723
TOTAL LIABILITIES AND EQUITY:2,4392,4431,9881,6921,4731,379

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,1441,9881,6501,6461,6531,475
Revenue, net1,475
Cost of revenue
(Cost of Goods and Services Sold)
(1,086)(954)(795)(786)(771)(682)
Gross profit:1,0571,034855860883793
Operating expenses(485)(503)(463)(435)(446)(433)
Other operating income, net
(Other Nonrecurring (Income) Expense)
      
Operating income:573531392424436360
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3(13)(6)(5)(11)3
Interest and debt expense(10)(10)(11)(13)(14)(16)
Income from continuing operations before income taxes:566508375406411347
Income tax expense(105)(69)(44)(62)(70)(95)
Income from continuing operations:461440330344341252
Income before gain (loss) on sale of properties:440330344341252
Net income available to common stockholders, diluted:461440330344341252

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:461440330344341252
Other comprehensive income (loss)114446(25)(2)14
Comprehensive income, net of tax, attributable to parent:471484376319339267

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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