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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3792211321045252
Cash and cash equivalents3792211321045252
Receivables315267275256218226
Inventory, net of allowances, customer advances and progress billings286273284239202202
Inventory286273284239202202
Other current assets443033323129
Total current assets:1,024791723632503509
Noncurrent Assets
Operating lease, right-of-use asset3830
Property, plant and equipment351326229204190178
Intangible assets, net (including goodwill)508470460462438622
Goodwill348308294279260394
Intangible assets, net (excluding goodwill)161163166183178228
Deferred income tax assets26 
Other noncurrent assets423628302524
Other undisclosed noncurrent assets 3932518757
Total noncurrent assets:964901750747740882
TOTAL ASSETS:1,9881,6921,4731,3791,2431,391
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1421351461279759
Accounts payable585457494041
Employee-related liabilities5251625637 
Interest and dividends payable322926222018
Debt228117916
Other liabilities1571431431017275
Other undisclosed current liabilities     45
Total current liabilities:321285300234178195
Noncurrent Liabilities
Long-term debt and lease obligation179188266226306393
Long-term debt, excluding current maturities150164266226306393
Operating lease, liability2924
Liabilities, other than long-term debt204183155196186168
Deferred tax liabilities, net17171822
Deferred income tax liabilities10 
Liability, pension and other postretirement and postemployment benefits185183133172159137
Other liabilities9 5699
Other undisclosed noncurrent liabilities 11    
Total noncurrent liabilities:383382421422491561
Total liabilities:704667721656669756
Stockholders' equity
Stockholders' equity attributable to parent1,2841,025752723574636
Common stock1691671651695656
Additional paid in capital671578511500453399
Accumulated other comprehensive loss(124)(170)(145)(128)(142)(104)
Retained earnings568449221182207286
Total stockholders' equity:1,2841,025752723574636
TOTAL LIABILITIES AND EQUITY:1,9881,6921,4731,3791,2431,391

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,6501,6461,6531,4751,3291,286
Revenue, net1,4751,3291,286
Cost of revenue
(Cost of Goods and Services Sold)
(795)(786)(771)(682)(621)(602)
Gross profit:855860883793708685
Operating expenses(463)(435)(446)(433)(594)(383)
Operating income:392424436360114302
Nonoperating income (expense)(6)(5)(11)30190
Investment income, nonoperating     192
Other nonoperating income (expense)(6)(5)(11)30(1)
Interest and debt expense(11)(13)(14)(16)(18)(18)
Income from continuing operations before income taxes:37540641134797475
Income tax expense(44)(62)(70)(95)(56)(129)
Net income available to common stockholders, diluted:33034434125241346

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:33034434125241346
Other comprehensive income (loss)46(25)(2)14(38)(4)
Comprehensive income, net of tax, attributable to parent:3763193392673342

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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