Company: GGG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000042888-25-000011
Chunk: 69

Company: GRACO INC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 69
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 comprehensive loss(49,574)(34,995)Total shareholders’ equity2,584,135 2,224,225 Total Liabilities and Shareholders’ Equity$3,139,212 $2,722,007 

See notes to consolidated financial statements.

38

GRACO INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

 Years Ended December 27,2024December 29,2023December 30,2022Cash Flows From Operating ActivitiesNet Earnings$486,084 $506,511 $460,645 Adjustments to reconcile net earnings to net cashprovided by operating activitiesDepreciation and amortization86,749 74,321 65,997 Deferred income taxes6,060 (8,502)(9,997)Share-based compensation31,892 30,229 24,695 Pension settlement loss— 42,129 — Contingent consideration— (8,600)— Impairment— 7,800 — Change inAccounts receivable10,251 (3,245)(29,944)Inventories55,836 42,716 (95,691)Trade accounts payable(13,298)(12,348)4,195 Salaries and incentives(12,187)(2,158)(18,442)Retirement benefits and deferred compensation(14,171)(13,661)(18,674)Other accrued liabilities(11,242)(5,269)(4,191)Other(4,274)1,094 (1,199)Net cash provided by operating activities621,700 651,017 377,394 Cash Flows From Investing ActivitiesProperty, plant and equipment additions(106,737)(184,775)(201,161)Acquisition of businesses, net of cash acquired(241,767)— (25,296)Other5,689 (499)(362)Net cash used in investing activities(342,815)(185,274)(226,819)Cash Flows From Financing ActivitiesBorrowings (payments) on short-term lines of credit, net(766)9,725 (18,252)Payments on long-term debt and lines of credit— (75,000)(75,000)Payments of debt issuance costs(1,707)(1,025)— Common stock issued70,659