Company: GGG
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000042888-25-000011
Chunk: 68

Company: GRACO INC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 68
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25,630 Income taxes - pension and postretirement medical liability(5,397)(2,704)(5,257)Other comprehensive (loss) income(14,579)34,383 10,791 Comprehensive Income$471,505 $540,894 $471,436 

See notes to consolidated financial statements.

37

GRACO INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

December 27,2024December 29,2023ASSETSCurrent AssetsCash and cash equivalents$675,336 $537,951 Accounts receivable, less allowances of $6,000 and $5,300362,533 354,439 Inventories404,676 438,349 Other current assets54,896 35,070 Total current assets1,497,441 1,365,809 Property, Plant and Equipment, net771,656 741,713 Goodwill487,468 370,228 Other Intangible Assets, net233,306 126,258 Operating Lease Assets19,678 18,768 Deferred Income Taxes46,910 61,381 Other Assets82,753 37,850 Total Assets$3,139,212 $2,722,007 LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent LiabilitiesNotes payable to banks$28,537 $30,036 Trade accounts payable60,816 72,214 Salaries and incentives58,169 64,802 Dividends payable46,558 42,789 Other current liabilities211,728 185,359 Total current liabilities405,808 395,200 Retirement Benefits and Deferred Compensation80,381 80,347 Operating Lease Liabilities12,278 11,785 Deferred Income Taxes37,822 8,215 Other Non-current Liabilities18,788 2,235 Commitments and Contingencies (Note K)Shareholders’ EquityCommon stock, $1 par value; 291,000,000 shares authorized; 169,393,735 and 167,946,063 shares outstanding in 2024 and 2023169,394 167,946 Additional paid-in-capital955,051 863,336 Retained earnings1,509,264 1,227,938 Accumulated other