10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000815556-14-000030 |
| Period End Date | 20140331 |
| Filing Date | 20140416 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | fast-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$9.25M | USD | Point-in-time |
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$9.95M | USD | Point-in-time |
| Preferred stock, Shares authorized |
PreferredStockSharesAuthorized
|
5.00M | shares | Point-in-time |
| Preferred stock, Shares authorized |
PreferredStockSharesAuthorized
|
5.00M | shares | Point-in-time |
| Preferred stock, Shares authorized |
PreferredStockSharesAuthorized
|
5.00M | shares | Point-in-time |
| Common stock, Shares authorized |
CommonStockSharesAuthorized
|
400.00M | shares | Point-in-time |
| Common stock, Shares authorized |
CommonStockSharesAuthorized
|
400.00M | shares | Point-in-time |
| Common stock, Shares authorized |
CommonStockSharesAuthorized
|
400.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$159.24M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$79.61M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$89.02M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$58.51M | USD | Point-in-time |
| Marketable securities |
AvailableForSaleSecuritiesCurrent
|
$453.00K | USD | Point-in-time |
| Marketable securities |
AvailableForSaleSecuritiesCurrent
|
$451.00K | USD | Point-in-time |
| Common stock, Shares issued |
CommonStockSharesIssued
|
296.75M | shares | Point-in-time |
| Common stock, Shares issued |
CommonStockSharesIssued
|
296.62M | shares | Point-in-time |
| Common stock, Shares issued |
CommonStockSharesIssued
|
296.69M | shares | Point-in-time |
| Trade accounts receivable, net of allowance for doubtful accounts of $9,949 and $9,248, respectively |
AccountsReceivableNetCurrent
|
$414.33M | USD | Point-in-time |
| Common stock, Shares outstanding |
CommonStockSharesOutstanding
|
296.62M | shares | Point-in-time |
| Trade accounts receivable, net of allowance for doubtful accounts of $9,949 and $9,248, respectively |
AccountsReceivableNetCurrent
|
$473.18M | USD | Point-in-time |
| Common stock, Shares outstanding |
CommonStockSharesOutstanding
|
296.75M | shares | Point-in-time |
| Common stock, Shares outstanding |
CommonStockSharesOutstanding
|
296.69M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$784.07M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$793.99M | USD | Point-in-time |
| Deferred income tax assets |
DeferredTaxAssetsNetCurrent
|
$17.89M | USD | Point-in-time |
| Deferred income tax assets |
DeferredTaxAssetsNetCurrent
|
$18.25M | USD | Point-in-time |
| Prepaid income taxes |
PrepaidTaxes
|
- | USD | Point-in-time |
| Prepaid income taxes |
PrepaidTaxes
|
$24.87M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$107.99M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$100.96M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.48B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.41B | USD | Point-in-time |
| Property and equipment, less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$677.29M | USD | Point-in-time |
| Property and equipment, less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$654.85M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$12.32M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$12.47M | USD | Point-in-time |
| Total assets |
Assets
|
$2.08B | USD | Point-in-time |
| Total assets |
Assets
|
$2.17B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$105.70M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$91.25M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$148.58M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$148.57M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
- | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$47.26M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$301.53M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$239.83M | USD | Point-in-time |
| Deferred income tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$63.26M | USD | Point-in-time |
| Deferred income tax liabilities |
DeferredTaxLiabilitiesNoncurrent
|
$63.26M | USD | Point-in-time |
| Preferred stock, 5,000,000 shares authorized |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, 5,000,000 shares authorized |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, 400,000,000 shares authorized, 296,624,319 and 296,753,544 shares issued and outstanding, respectively |
CommonStockValue
|
$2.97M | USD | Point-in-time |
| Common stock, 400,000,000 shares authorized, 296,624,319 and 296,753,544 shares issued and outstanding, respectively |
CommonStockValue
|
$2.97M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$64.57M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$69.85M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.69B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$1.73B | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$11.10M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$6.27M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.77B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.80B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.08B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$2.17B | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$806.33M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$876.50M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$428.02M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$384.45M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$448.48M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$421.88M | USD | 1 Quarter |
| Operating and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$247.33M | USD | 1 Quarter |
| Operating and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$269.84M | USD | 1 Quarter |
| Gain on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$216.00K | USD | 1 Quarter |
| Gain on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$213.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$178.85M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$174.76M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$120.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$447.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$126.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$34.00K | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$178.84M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$175.17M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$66.91M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$66.12M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$111.93M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$109.05M | USD | 1 Quarter |
| Basic net earnings per share |
EarningsPerShareBasic
|
$0.38 | USD | 1 Quarter |
| Basic net earnings per share |
EarningsPerShareBasic
|
$0.37 | USD | 1 Quarter |
| Diluted net earnings per share |
EarningsPerShareDiluted
|
$0.38 | USD | 1 Quarter |
| Diluted net earnings per share |
EarningsPerShareDiluted
|
$0.37 | USD | 1 Quarter |
| Basic weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
296.64M | shares | 1 Quarter |
| Basic weighted average shares outstanding |
WeightedAverageNumberOfSharesOutstandingBasic
|
296.64M | shares | 1 Quarter |
| Diluted weighted average shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
297.65M | shares | 1 Quarter |
| Diluted weighted average shares outstanding |
WeightedAverageNumberOfDilutedSharesOutstanding
|
297.50M | shares | 1 Quarter |
Cash Flow Statement
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$111.93M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$109.05M | USD | 1 Quarter |
| Depreciation of property and equipment |
Depreciation
|
$15.15M | USD | 1 Quarter |
| Depreciation of property and equipment |
Depreciation
|
$17.28M | USD | 1 Quarter |
| Gain on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$216.00K | USD | 1 Quarter |
| Gain on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$213.00K | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$2.80M | USD | 1 Quarter |
| Bad debt expense |
ProvisionForDoubtfulAccounts
|
$2.04M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$379.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$356.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.35M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.38M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$954.00K | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$550.00K | USD | 1 Quarter |
| Amortization of non-compete agreements |
AmortizationOfIntangibleAssets
|
$26.00K | USD | 1 Quarter |
| Amortization of non-compete agreements |
AmortizationOfIntangibleAssets
|
$132.00K | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$61.65M | USD | 1 Quarter |
| Trade accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$48.62M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-14.90M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$9.92M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-7.03M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-13.48M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-2.69M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$6.44M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-10.00K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-64.00K | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$72.68M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$60.00M | USD | 1 Quarter |
| Other |
IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeNet
|
$3.59M | USD | 1 Quarter |
| Other |
IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeNet
|
$4.39M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$160.24M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$143.30M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$55.51M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$32.56M | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.05M | USD | 1 Quarter |
| Proceeds from sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$1.27M | USD | 1 Quarter |
| Increase in marketable securities |
PaymentsForProceedsFromInvestments
|
$63.00K | USD | 1 Quarter |
| Increase in marketable securities |
PaymentsForProceedsFromInvestments
|
$2.00K | USD | 1 Quarter |
| Net decrease (increase) in other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$-22.00K | USD | 1 Quarter |
| Net decrease (increase) in other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$3.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-31.49M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-54.31M | USD | 1 Quarter |
| Borrowings under line of credit |
ProceedsFromUnsecuredLinesOfCredit
|
$140.00M | USD | 1 Quarter |
| Borrowings under line of credit |
ProceedsFromUnsecuredLinesOfCredit
|
$20.00M | USD | 1 Quarter |
| Payments against line of credit |
RepaymentsOfLinesOfCredit
|
$20.00M | USD | 1 Quarter |
| Payments against line of credit |
RepaymentsOfLinesOfCredit
|
$140.00M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$1.64M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$2.82M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$954.00K | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$550.00K | USD | 1 Quarter |
| Purchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$8.85M | USD | 1 Quarter |
| Purchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$29.66M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$74.19M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-80.85M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-25.89M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-416.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-444.00K | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$30.52M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$79.63M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$159.24M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$79.61M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$89.02M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$58.51M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$159.24M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$79.61M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$89.02M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$58.51M | USD | Point-in-time |
| Cash paid during each period for interest |
InterestPaid
|
$70.00K | USD | 1 Quarter |
| Cash paid during each period for interest |
InterestPaid
|
$34.00K | USD | 1 Quarter |
| Net cash (received) paid during each period for income taxes |
IncomeTaxesPaidNet
|
$6.50M | USD | 1 Quarter |
| Net cash (received) paid during each period for income taxes |
IncomeTaxesPaidNet
|
$-6.22M | USD | 1 Quarter |
Comprehensive Income
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Foreign currency translation adjustments, tax |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
- | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$111.93M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$109.05M | USD | 1 Quarter |
| Foreign currency translation adjustments, tax |
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
- | USD | 1 Quarter |
| Change in marketable securities, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
- | USD | 1 Quarter |
| Change in marketable securities, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
- | USD | 1 Quarter |
| Foreign currency translation adjustments (net of tax of $0 in 2014 and 2013) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-4.84M | USD | 1 Quarter |
| Foreign currency translation adjustments (net of tax of $0 in 2014 and 2013) |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-4.07M | USD | 1 Quarter |
| Change in marketable securities (net of tax of $0 in 2014 and 2013) |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$63.00K | USD | 1 Quarter |
| Change in marketable securities (net of tax of $0 in 2014 and 2013) |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$2.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$105.04M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$107.10M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.