Company: GGG
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0000042888-25-000047
Chunk: 2

Company: GRACO INC
Filing Date: 2025-10-22
Form: 10-Q
Item: Item 1
Chunk 2
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 and Shareholders’ Equity$3,232,950 $3,139,212 

See notes to consolidated financial statements.

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GRACO INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) (In thousands)

 Nine Months Ended September 26,2025September 27,2024Cash Flows From Operating ActivitiesNet Earnings$389,352 $377,376 Adjustments to reconcile net earnings to net cashprovided by operating activitiesDepreciation and amortization75,744 62,054 Deferred income taxes4,692 14,646 Share-based compensation24,495 27,312 Gain on sale of building(4,737)(1,216)Contingent consideration(14,061)— Change inAccounts receivable(6,470)(460)Inventories19,671 (1,871)Trade accounts payable11,952 (2,133)Salaries and incentives2,146 (9,901)Retirement benefits and deferred compensation(769)4,525 Other accrued liabilities(14,024)(27,977)Other(729)(5,869)Net cash provided by operating activities487,262 436,486 Cash Flows From Investing ActivitiesProperty, plant and equipment additions(33,646)(92,788)Proceeds from sale of building11,182 5,630 Acquisition of businesses, net of cash acquired(70,107)(7,750)Other(2,215)(308)Net cash used in investing activities(94,786)(95,216)Cash Flows From Financing ActivitiesBorrowings (payments) on short-term lines of credit, net5,912 (338)Common stock issued35,618 50,002 Common stock repurchased(360,952)(31,350)Taxes paid related to net share settlement of equity awards(3,833)(4,612)Cash dividends paid(137,764)(129,026)Net cash used in financing activities(461,019)(115,324)Effect of exchange rate changes on cash11,869 556 Net (decrease) increase in cash and cash equivalents(56,674)226,502 Cash and Cash EquivalentsBeginning of year675,336 537,951 End of period$618,662 $764,453 

See notes to consolidated financial statements.

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