Graco Inc. (GGG) Financial Statements (2025 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)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments675538339624379221
Cash and cash equivalent675538339624379221
Receivables363354346325315267
Inventory, net of allowances, customer advances and progress billings405438477382286273
Inventory405438477382286273
Other current assets553544324430
Total current assets:1,4971,3661,2061,3641,024791
Noncurrent Assets
Operating lease, right-of-use asset201930303830
Property, plant and equipment772742608451351326
Intangible assets, net (including goodwill)721496506506508470
Goodwill487370368356348308
Intangible assets, net (excluding goodwill)233126138150161163
Deferred income tax assets4761575626 
Other noncurrent assets833833374236
Other undisclosed noncurrent assets      39
Total noncurrent assets:1,6421,3561,2331,080964901
TOTAL ASSETS:3,1392,7222,4392,4431,9881,692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities166180188197142135
Interest and dividends payable40363229
Employee-related liabilities64835251
Accounts payable617284785854
Accrued liabilities105108    
Debt293021118228
Other liabilities212185191191157143
Total current liabilities:406395400507321285
Noncurrent Liabilities
Long-term debt and lease obligation   7599179188
Long-term debt, excluding current maturities   7575150164
Liabilities, other than long-term debt149103104129204183
Deferred income tax liabilities38891110 
Liability, pension and other postretirement and postemployment benefits808062107185183
Other liabilities19212119 
Operating lease, liability121221242924
Other undisclosed noncurrent liabilities      11
Total noncurrent liabilities:149103179227383382
Total liabilities:555498579734704667
Equity
Equity, attributable to parent2,5842,2241,8601,7091,2841,025
Common stock169168168170169167
Additional paid in capital955863784742671578
Accumulated other comprehensive loss(50)(35)(69)(80)(124)(170)
Retained earnings1,5091,228977877568449
Total equity:2,5842,2241,8601,7091,2841,025
TOTAL LIABILITIES AND EQUITY:3,1392,7222,4392,4431,9881,692

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues2,1132,1962,1441,9881,6501,646
Cost of revenue
(Cost of Product and Service Sold)
(991)(1,035)(1,086)(954)(795)(786)
Gross profit:1,1221,1611,0571,034855860
Operating expenses(552)(523)(485)(503)(463)(435)
Other operating income, net
(Other Nonrecurring (Income) Expense)
  9    
Operating income:570647573531392424
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
22(33)3(13)(6)(5)
Interest and debt expense(3)(5)(10)(10)(11)(13)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:589609566508375406
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:589609566508375406
Income tax expense(103)(102)(105)(69)(44)(62)
Income from continuing operations:486507461440330344
Income before gain (loss) on sale of properties:440330344
Net income available to common stockholders, diluted:486507461440330344

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:486507461440330344
Other comprehensive income (loss)(15)34114446(25)
Comprehensive income, net of tax, attributable to parent:472541471484376319

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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