Graco Inc. (GGG) financial statements (2021 and earlier)
Company profile
| Business Address |
88 11TH AVENUE NE MINNEAPOLIS, MN 55413-1894 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| SIC | 3561 - Pumps and Pumping Equipment (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 221 | 132 | 104 | 52 | 52 | 445 | ||
| Cash and cash equivalents | 221 | 132 | 104 | 52 | 52 | 24 | ||
| Short-term investments | 422 | |||||||
| Receivables | 267 | 275 | 256 | 218 | 226 | 215 | ||
| Inventory, net of allowances, customer advances and progress billings | 273 | 284 | 239 | 202 | 202 | 160 | ||
| Inventory | 273 | 284 | 239 | 202 | 202 | 160 | ||
| Prepaid expense | 11 | |||||||
| Other current assets | 30 | 33 | 32 | 31 | 29 | 19 | ||
| Other undisclosed current assets | 9 | |||||||
| Total current assets: | 791 | 723 | 632 | 503 | 509 | 860 | ||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 30 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 326 | 229 | 204 | 190 | 178 | 161 | ||
| Intangible assets, net (including goodwill) | 470 | 460 | 462 | 438 | 622 | 469 | ||
| Goodwill | 308 | 294 | 279 | 260 | 394 | 293 | ||
| Intangible assets, net (excluding goodwill) | 163 | 166 | 183 | 178 | 228 | 176 | ||
| Deposits noncurrent assets | 4 | |||||||
| Other noncurrent assets | 36 | 28 | 30 | 25 | 24 | 26 | ||
| Other undisclosed noncurrent assets | 39 | 32 | 51 | 87 | 57 | 25 | ||
| Total noncurrent assets: | 901 | 750 | 747 | 740 | 882 | 685 | ||
| TOTAL ASSETS: | 1,692 | 1,473 | 1,379 | 1,243 | 1,391 | 1,545 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 135 | 146 | 127 | 97 | 59 | 45 | ||
| Accounts payable | 54 | 57 | 49 | 40 | 41 | 39 | ||
| Employee-related liabilities | 51 | 62 | 56 | 37 | ||||
| Taxes payable | 6 | |||||||
| Interest and dividends payable | 29 | 26 | 22 | 20 | 18 | |||
| Debt | 8 | 11 | 7 | 9 | 16 | 5 | ||
| Self insurance reserve | 7 | |||||||
| Other liabilities | 143 | 143 | 101 | 72 | 75 | 72 | ||
| Other undisclosed current liabilities | 45 | 45 | ||||||
| Total current liabilities: | 285 | 300 | 234 | 178 | 195 | 174 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 188 | 266 | 226 | 306 | 393 | 615 | ||
| Long-term debt, excluding current maturities | 164 | 266 | 226 | 306 | 393 | 615 | ||
| Operating lease, liability | 24 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 183 | 155 | 196 | 186 | 168 | 159 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 137 | ||
| Deferred tax liabilities, net | ✕ | 17 | 17 | 18 | 22 | 22 | ||
| Liability, pension and other postretirement and postemployment benefits | 183 | 133 | 172 | 159 | 137 | |||
| Other liabilities | 5 | 6 | 9 | 9 | ||||
| Other undisclosed noncurrent liabilities | 11 | |||||||
| Total noncurrent liabilities: | 382 | 421 | 422 | 491 | 561 | 774 | ||
| Total liabilities: | 667 | 721 | 656 | 669 | 756 | 949 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 1,025 | 752 | 723 | 574 | 636 | 596 | ||
| Common stock | 167 | 165 | 169 | 56 | 56 | 59 | ||
| Additional paid in capital | 578 | 511 | 500 | 453 | 399 | 385 | ||
| Accumulated other comprehensive loss | (170) | (145) | (128) | (142) | (104) | (101) | ||
| Retained earnings | 449 | 221 | 182 | 207 | 286 | 253 | ||
| Total stockholders' equity: | 1,025 | 752 | 723 | 574 | 636 | 596 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,692 | 1,473 | 1,379 | 1,243 | 1,391 | 1,545 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,646 | 1,653 | 1,475 | 1,329 | 1,286 | 1,221 | |
| Revenue, net | ✕ | ✕ | 1,475 | 1,329 | 1,286 | 1,221 | |
| Cost of revenue (Cost of Goods and Services Sold) | (786) | (771) | (682) | (621) | (602) | (554) | |
| Gross profit: | 860 | 883 | 793 | 708 | 685 | 667 | |
| Operating expenses | (435) | (446) | (433) | (594) | (383) | (369) | |
| Other undisclosed operating income | 12 | ||||||
| Operating income: | 424 | 436 | 360 | 114 | 302 | 309 | |
| Nonoperating income (expense) | (5) | (11) | 3 | 0 | 190 | 53 | |
| Investment income, nonoperating | 192 | 28 | |||||
| Other nonoperating income (expense) | (5) | (11) | 3 | 0 | (1) | 25 | |
| Interest and debt expense | (13) | (14) | (16) | (18) | (18) | (19) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (28) | ||||||
| Income from continuing operations before income taxes: | 406 | 411 | 347 | 97 | 475 | 315 | |
| Income tax expense | (62) | (70) | (95) | (56) | (129) | (90) | |
| Net income available to common stockholders, diluted: | 344 | 341 | 252 | 41 | 346 | 226 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 344 | 341 | 252 | 41 | 346 | 226 | |
| Other comprehensive income (loss) | (25) | (2) | 14 | (38) | (4) | (54) | |
| Comprehensive income, net of tax, attributable to parent: | 319 | 339 | 267 | 3 | 342 | 171 | |
Statements sources
The financial statements are based on the company's filings with the 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.