Company: GGG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000042888-25-000011
Chunk: 70

Company: GRACO INC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 70
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60,182 35,619 Common stock repurchased(31,350)(102,344)(233,426)Taxes paid related to net share settlement of equity awards(4,611)(1,225)(1,219)Cash dividends paid(172,088)(158,323)(142,125)Net cash used in financing activities(139,863)(268,010)(434,403)Effect of exchange rate changes on cash(1,637)1,022 (1,278)Net increase (decrease) in cash and cash equivalents137,385 198,755 (285,106)Cash and Cash EquivalentsBeginning of year537,951 339,196 624,302 End of year$675,336 $537,951 $339,196 

See notes to consolidated financial statements.

39

GRACO INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(In thousands)

CommonStockAdditionalPaid-InCapitalRetainedEarningsAccumulatedOther ComprehensiveIncome (Loss)TotalBalance December 31, 2021$170,308 $742,288 $876,916 $(80,169)$1,709,343 Shares issued946 33,454 — — 34,400 Shares repurchased(3,552)(15,481)(214,393)— (233,426)Stock compensation cost— 24,216 — — 24,216 Net earnings— — 460,645 — 460,645 Dividends declared ($0.8650 per share)— — (146,317)— (146,317)Other comprehensive income (loss)— — — 10,791 10,791 Balance December 30, 2022167,702 784,477 976,851 (69,378)1,859,652 Shares issued1,666 57,291 — — 58,957 Shares repurchased(1,422)(6,650)(94,272)— (102,344)Stock compensation cost— 28,218 — — 28,218 Net earnings— — 506,511 — 506,511 Dividends declared ($0.9600 per share)— — (161,152)— (161,152)Other comprehensive income