Graco 2005 Annual Report Download - page 76

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2005(1) 2004(1) 2003(1) 2002 2001
BALANCE SHEET DATA
Inventories, netÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $ 875.9 $ 918.0 $ 836.5 $ 938.5 $ 838.3
Working capital(4) ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 675.3 1,141.1 978.2 465.6 316.8
Total assets ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 6,445.8 6,666.8 7,481.8 7,404.4 7,266.1
Short-term debt, including current
portion of long-term debt ÏÏÏÏÏÏÏÏÏÏ 166.8 206.9 35.4 449.2 826.6
Long-term debt, net of current portion 2,429.7 2,424.3 2,868.6 2,372.1 1,365.0
Company-obligated mandatorily
redeemable convertible preferred
securities of a subsidiary trust ÏÏÏÏÏÏ ÌÌÌÌ500.0
Stockholders' equityÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,643.2 1,764.2 2,016.3 2,063.5 2,433.4
(1) Supplemental data regarding 2005, 2004 and 2003 is provided in Management's Discussion and
Analysis of Financial Condition and Results of Operations.
(2) The 2002 and 2001 restructuring costs include facility and other exit costs, employee severance and
termination beneÑts and other costs.
(3) Prior to 2002, goodwill was amortized over its estimated useful life. Commencing in 2002, goodwill is
no longer amortized, but rather is subject to annual impairment tests in accordance with FASB
Statement No. 142.
(4) Working capital is deÑned as Current Assets less Current Liabilities.
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