Graco Inc. (GGG) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62437922113210452
Cash and cash equivalents62437922113210452
Receivables325315267275256218
Inventory, net of allowances, customer advances and progress billings382286273284239202
Inventory382286273284239202
Other current assets324430333231
Total current assets:1,3641,024791723632503
Noncurrent Assets
Operating lease, right-of-use asset303830
Property, plant and equipment451351326229204190
Intangible assets, net (including goodwill)506508470460462438
Goodwill356348308294279260
Intangible assets, net (excluding goodwill)150161163166183178
Deferred income tax assets5626 
Other noncurrent assets374236283025
Other undisclosed noncurrent assets  39325187
Total noncurrent assets:1,080964901750747740
TOTAL ASSETS:2,4431,9881,6921,4731,3791,243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19714213514612797
Accounts payable785854574940
Employee-related liabilities835251625637
Interest and dividends payable363229262220
Debt1182281179
Other liabilities19115714314310172
Total current liabilities:507321285300234178
Noncurrent Liabilities
Long-term debt and lease obligation99179188266226306
Long-term debt, excluding current maturities75150164266226306
Operating lease, liability242924
Liabilities, other than long-term debt129204183155196186
Deferred tax liabilities, net171718
Deferred income tax liabilities1110 
Liability, pension and other postretirement and postemployment benefits107185183133172159
Other liabilities119 569
Other undisclosed noncurrent liabilities  11   
Total noncurrent liabilities:227383382421422491
Total liabilities:734704667721656669
Stockholders' equity
Stockholders' equity attributable to parent1,7091,2841,025752723574
Common stock17016916716516956
Additional paid in capital742671578511500453
Accumulated other comprehensive loss(80)(124)(170)(145)(128)(142)
Retained earnings877568449221182207
Total stockholders' equity:1,7091,2841,025752723574
TOTAL LIABILITIES AND EQUITY:2,4431,9881,6921,4731,3791,243

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,9881,6501,6461,6531,4751,329
Revenue, net1,4751,329
Cost of revenue
(Cost of Goods and Services Sold)
(954)(795)(786)(771)(682)(621)
Gross profit:1,034855860883793708
Operating expenses(503)(463)(435)(446)(433)(594)
Operating income:531392424436360114
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(13)(6)(5)(11)30
Interest and debt expense(10)(11)(13)(14)(16)(18)
Income from continuing operations before income taxes:50837540641134797
Income tax expense(69)(44)(62)(70)(95)(56)
Net income available to common stockholders, diluted:44033034434125241

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:44033034434125241
Other comprehensive income (loss)4446(25)(2)14(38)
Comprehensive income, net of tax, attributable to parent:4843763193392673

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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