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 investments2211321045252445
Cash and cash equivalents221132104525224
Short-term investments     422
Receivables267275256218226215
Inventory, net of allowances, customer advances and progress billings273284239202202160
Inventory273284239202202160
Prepaid expense     11
Other current assets303332312919
Other undisclosed current assets     9
Total current assets:791723632503509860
Noncurrent Assets
Operating lease, right-of-use asset30
Property, plant and equipment326229204190178161
Intangible assets, net (including goodwill)470460462438622469
Goodwill308294279260394293
Intangible assets, net (excluding goodwill)163166183178228176
Deposits noncurrent assets     4
Other noncurrent assets362830252426
Other undisclosed noncurrent assets393251875725
Total noncurrent assets:901750747740882685
TOTAL ASSETS:1,6921,4731,3791,2431,3911,545
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities135146127975945
Accounts payable545749404139
Employee-related liabilities51625637  
Taxes payable     6
Interest and dividends payable2926222018 
Debt81179165
Self insurance reserve     7
Other liabilities143143101727572
Other undisclosed current liabilities    4545
Total current liabilities:285300234178195174
Noncurrent Liabilities
Long-term debt and lease obligation188266226306393615
Long-term debt, excluding current maturities164266226306393615
Operating lease, liability24
Liabilities, other than long-term debt183155196186168159
Pension and other postretirement defined benefit plans, liabilities137
Deferred tax liabilities, net1717182222
Liability, pension and other postretirement and postemployment benefits183133172159137 
Other liabilities 5699 
Other undisclosed noncurrent liabilities11     
Total noncurrent liabilities:382421422491561774
Total liabilities:667721656669756949
Stockholders' equity
Stockholders' equity attributable to parent1,025752723574636596
Common stock167165169565659
Additional paid in capital578511500453399385
Accumulated other comprehensive loss(170)(145)(128)(142)(104)(101)
Retained earnings449221182207286253
Total stockholders' equity:1,025752723574636596
TOTAL LIABILITIES AND EQUITY:1,6921,4731,3791,2431,3911,545

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,6461,6531,4751,3291,2861,221
Revenue, net1,4751,3291,2861,221
Cost of revenue
(Cost of Goods and Services Sold)
(786)(771)(682)(621)(602)(554)
Gross profit:860883793708685667
Operating expenses(435)(446)(433)(594)(383)(369)
Other undisclosed operating income     12
Operating income:424436360114302309
Nonoperating income (expense)(5)(11)3019053
Investment income, nonoperating    19228
Other nonoperating income (expense)(5)(11)30(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:40641134797475315
Income tax expense(62)(70)(95)(56)(129)(90)
Net income available to common stockholders, diluted:34434125241346226

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:34434125241346226
Other comprehensive income (loss)(25)(2)14(38)(4)(54)
Comprehensive income, net of tax, attributable to parent:3193392673342171

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.

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