Graco inc. (GGG)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash Flows From Operating Activities
Net Earnings

329,922

343,853

332,741

341,290

342,293

341,054

303,723

286,502

277,190

252,412

111,807

90,735

61,854

40,674

198,431

194,734

316,424

345,713

341,210

350,070

243,669

225,573

221,280

217,830

209,437

210,822

208,336

189,366

165,875

149,126

137,288

136,709

140,456

142,328

138,912

132,791

119,528

102,840

0

0

0

Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization

49,960

48,911

48,585

48,086

47,116

47,754

47,533

46,976

47,140

45,583

45,064

46,152

47,374

48,290

48,167

47,138

45,807

44,607

41,180

39,157

37,063

35,515

37,189

37,006

37,306

37,316

38,066

39,018

39,959

38,762

34,619

33,322

32,131

32,483

34,785

34,196

33,822

33,973

0

0

0

Deferred income taxes

-4,261

-6,411

-6,069

11,169

15,227

15,405

49,795

37,454

33,273

34,446

-27,033

-30,817

-33,737

-35,561

-6,332

-7,658

-10,229

-11,585

-6,315

-5,285

-471

329

-2,921

-2,352

-2,362

-1,715

-11,996

-7,785

-9,286

-10,786

-3,983

-5,665

-4,116

-1,814

-2,894

-3,224

-2,789

-4,248

0

0

0

Share-based compensation

25,766

26,669

26,735

27,281

26,164

25,565

26,514

26,033

24,797

23,652

24,145

21,849

20,518

21,134

19,879

20,970

20,284

19,224

18,927

18,421

17,881

17,249

19,177

18,601

17,545

16,545

13,552

13,235

12,890

12,409

12,208

11,643

11,256

10,994

11,506

11,184

10,574

10,024

0

0

0

Excess tax benefit related to share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,134

5,034

5,434

6,634

6,947

7,347

8,147

8,347

6,017

5,517

4,317

4,217

3,695

2,495

2,595

2,195

2,788

2,788

2,488

1,988

0

0

0

Change in
Accounts receivable

-12,669

-8,934

-10,268

2,353

5,478

12,402

31,631

28,314

35,260

37,669

33,208

16,123

21,801

-4,506

-9,019

-832

-11,456

18,276

16,120

18,472

29,938

26,557

19,827

26,550

20,887

11,880

20,920

4,789

-3,759

2,752

432

19,489

20,150

26,767

20,292

15,483

31,056

23,285

0

0

0

Inventories

-8,256

-12,435

12,677

26,176

37,124

30,719

38,317

32,608

26,944

32,011

19,109

16,052

4,775

693

3,833

11,313

28,691

34,109

30,838

29,813

18,639

15,079

12,063

7,599

10,759

10,186

11,651

8,246

-1,184

-5,941

-12,930

-9,800

7,058

13,440

26,047

36,701

36,185

32,997

0

0

0

Trade accounts payable

-3,397

-539

-2,826

329

7,726

-1,976

343

3,711

123

4,588

3,815

3,762

3,240

553

2,238

-3,608

-1,664

4,305

1,516

2,110

374

450

1,723

4,114

5,241

2,436

3,022

1,443

-2,839

-952

-2,314

478

2,027

5,974

1,863

-240

4,775

1,670

0

0

0

Salaries and incentives

-10,559

-14,069

-8,143

-2,947

1,447

2,336

-726

8

752

11,431

7,319

3,719

-1,742

-6,809

-5,540

-5,491

-1,666

-1,385

2,084

2,960

735

1,520

-1,415

-2,013

-2,348

2,022

2,538

1,946

-2,276

-4,251

-3,724

-3,668

-60

-3,469

-604

1,196

1,981

20,453

0

0

0

Retirement benefits and deferred compensation

12,889

13,264

13,171

-28,084

-27,248

-27,237

-14,687

6,981

6,763

6,920

-5,031

13,344

14,041

10,995

10,499

9,993

9,368

11,870

10,041

8,397

6,727

5,052

-2,377

265

2,105

3,629

12,282

2,026

3,254

3,209

2,574

10,484

8,178

7,228

6,782

-2,384

-2,117

-1,428

0

0

0

Other accrued liabilities

1,368

-11,510

9,063

-9,765

-10,167

7,517

8,571

31,361

25,419

35,321

19,321

13,789

22,680

3,298

-8,532

-54,428

-6,535

1,645

18,046

58,270

5,054

6,151

2,028

1,826

3,555

5,556

15,258

6,407

-954

3,288

1,040

12,613

12,582

8,148

6,567

-1,243

1,682

-18

0

0

0

Other

192

2,803

-2,357

-2,200

177

-688

5,141

5,154

6,861

6,809

4,676

4,188

2,320

2,401

403

979

31,889

20,701

20,511

19,630

-3,213

2,314

3,423

6,858

-1,412

3,143

3,754

1,928

1,822

95

1,236

912

1,333

-2,574

336

335

-1,535

3,873

0

0

0

Net cash provided by operating activities

422,421

418,734

413,205

361,030

359,779

367,985

345,977

372,950

346,392

337,864

314,434

318,190

297,352

276,006

263,902

188,257

173,071

191,414

206,083

253,890

260,234

241,255

232,424

226,923

232,098

243,055

238,716

225,176

205,427

189,682

185,275

182,820

171,318

162,044

147,454

116,969

99,262

101,123

0

0

0

Cash Flows From Investing Activities
Property, plant and equipment additions

116,464

127,953

116,781

96,597

75,326

53,854

50,864

51,016

40,955

40,194

36,665

32,773

37,192

42,113

47,236

47,824

45,074

41,749

34,212

33,460

33,553

30,636

33,385

30,958

26,878

23,319

19,672

17,480

15,041

18,234

20,300

24,032

25,850

23,854

24,538

20,687

18,290

16,620

0

0

0

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Acquisition of businesses, net of cash acquired

21,224

26,577

19,216

6,426

5,242

10,769

25,769

28,519

28,817

27,905

13,208

9,741

10,033

48,946

49,807

50,274

54,994

189,017

308,096

308,096

303,216

185,462

76,779

76,779

76,710

11,560

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,600

1,600

1,600

1,600

0

0

0

0

-

-

-

-

-

-

-

-

Change in restricted assets

-

-

-

-

-

-

-

-

-

-

-

-

-50

-

788

8,584

8,642

9,518

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in businesses held separate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,516

-4,516

-835

425,978

426,813

0

0

0

-

-

-

-

-

-

-

-

Other

828

939

1,199

2,387

1,996

1,624

1,610

515

281

348

158

-84

546

164

26

-165

-343

-61

215

814

1,128

1,163

2,696

2,962

2,339

2,475

8,059

7,734

8,181

9,405

0

0

0

-

-

-

-

-

-

-

-

Capitalized software and other intangible asset additions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net cash provided by (used in) investing activities

-138,516

-155,469

-137,196

-105,410

-82,564

-66,247

-78,243

-80,050

-70,691

-68,447

-50,181

-43,364

-48,009

-91,223

-97,857

-86,163

501,795

369,939

259,059

247,438

-337,367

-216,731

-112,330

-106,488

-102,246

-31,238

-21,615

-35,524

-687,668

-694,520

-689,479

-681,658

-31,493

-27,997

-28,987

-23,703

-20,228

-18,769

0

0

0

Cash Flows From Financing Activities
Borrowings (payments) on short-term lines of credit, net

24,831

-3,341

1,249

1,052

-3,715

4,931

-2,223

-4,482

1,763

-3,026

-2,007

-1,811

-4,273

-5,995

-398

3,264

-37,850

11,216

3,417

-1,782

42,005

-4,459

-3,596

4,111

3,701

1,280

1,762

1,456

-3,634

-619

0

0

0

-

-

-

-

-

-

-

-

Borrowings on short-term lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Payments on short-term lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Borrowings on long-term lines of credit

339,366

105,423

114,221

255,350

521,338

620,746

635,019

411,380

240,265

315,920

409,290

525,935

540,545

648,134

657,929

678,144

640,219

720,605

828,015

850,720

919,230

717,845

591,575

546,925

507,520

419,905

416,665

395,275

739,420

649,325

546,220

602,695

150,000

402,175

449,920

346,915

375,400

140,540

0

0

0

Payments on long-term debt and lines of credit

172,651

207,191

187,369

299,062

558,924

583,212

671,118

427,623

335,248

395,570

465,070

644,415

620,560

735,144

677,149

549,059

949,589

942,910

961,765

1,073,070

655,200

511,215

487,247

490,062

525,607

568,122

601,970

556,665

518,430

392,845

256,600

125,515

0

172,430

239,920

276,915

305,400

156,545

0

0

0

Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,921

1,921

1,921

3,052

1,131

0

0

0

-

-

-

-

Excess tax benefit related to share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,134

5,034

5,434

6,634

6,947

7,347

8,147

8,347

6,017

5,517

4,317

4,217

3,695

2,495

2,595

2,195

2,788

2,788

2,488

1,988

0

0

0

Common stock issued

62,285

48,250

37,407

38,536

32,165

24,634

30,734

34,044

47,874

60,685

60,489

54,846

45,812

35,796

32,126

33,297

27,530

20,165

24,980

26,918

27,670

30,199

30,053

33,481

39,221

41,664

36,735

32,783

27,798

30,194

28,725

26,912

29,908

22,231

23,690

22,684

17,247

12,794

0

0

0

Common stock repurchased

89,220

9,482

94,334

91,651

162,533

244,814

155,601

155,601

84,719

90,160

92,607

92,607

92,607

50,497

97,823

191,918

275,618

274,503

278,199

232,141

194,719

195,326

181,246

155,313

115,369

67,827

29,134

7,440

1,106

1,378

8,682

43,522

43,522

43,250

35,250

20,756

24,166

24,218

0

0

0

Payment, Tax Withholding, Share-based Payment Arrangement

1,796

1,268

1,268

1,268

17,419

16,151

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

109,338

106,443

101,813

97,270

92,838

88,845

86,998

85,012

82,804

80,477

78,649

76,864

75,220

73,434

71,829

70,775

70,031

69,429

69,013

68,216

67,279

66,362

65,312

64,120

62,760

61,139

59,482

57,763

56,043

54,302

53,184

52,347

51,485

50,646

50,091

49,366

48,756

48,146

0

0

0

Net cash provided by (used in) financing activities

53,477

-174,052

-231,907

-194,313

-281,926

-282,711

-280,051

-257,158

-237,317

-217,076

-180,149

-246,511

-210,328

-185,165

-162,839

-102,242

-666,969

-536,186

-448,431

-492,537

76,251

-23,574

-109,716

-118,521

-145,147

-225,892

-229,407

-186,837

192,322

232,671

257,821

401,825

84,035

159,641

146,948

23,232

13,358

-76,792

0

0

0

Effect of exchange rate changes on cash

-437

-358

-4,385

975

1,369

187

2,025

-917

-1,129

-1,032

937

2,079

775

164

-1,797

-246

915

3,472

6,465

5,899

4,478

2,950

1,092

85

2,407

2,711

2,258

1,666

118

137

-1,134

834

402

-129

-249

-2,109

-1,516

-1,383

0

0

0

Net increase (decrease) in cash and cash equivalents

336,945

88,855

39,717

62,282

-3,342

19,214

-10,292

34,825

37,255

51,309

85,041

30,394

39,790

-218

1,409

-394

8,812

28,639

23,176

14,690

3,596

3,900

11,470

1,999

-12,888

-11,364

-10,048

4,481

-289,801

-272,030

-247,517

-96,179

224,262

293,559

265,166

114,389

90,876

4,179

0

0

0