10-Q Filing

FASTENAL CO CIK: 815556 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000815556-15-000031`
Period End Date	20150331
Filing Date	20150417
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	fast-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 30 Cash Flow Statement 72 Comprehensive Income 12

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.32M	USD	Point-in-time
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.62M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.79M	USD	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`	$58.51M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $13,316 and $12,619, respectively	`AccountsReceivableNetCurrent`	$521.09M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	296.62M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	293.96M	shares	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $13,316 and $12,619, respectively	`AccountsReceivableNetCurrent`	$462.08M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	295.87M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	295.87M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	296.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	293.96M	shares	Point-in-time
Inventories	`InventoryNet`	$869.22M	USD	Point-in-time
Inventories	`InventoryNet`	$867.92M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$21.58M	USD	Point-in-time
Deferred income tax assets	`DeferredTaxAssetsNetCurrent`	$21.77M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$97.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$115.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.63B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.58B	USD	Point-in-time
Property and equipment, less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$763.89M	USD	Point-in-time
Property and equipment, less accumulated depreciation	`PropertyPlantAndEquipmentNet`	$783.15M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$11.95M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$11.84M	USD	Point-in-time
Total assets	`Assets`	$2.36B	USD	Point-in-time
Total assets	`Assets`	$2.42B	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$125.00M	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$90.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$103.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$132.23M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$174.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$168.94M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$66.19M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$492.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$375.35M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$68.76M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$68.53M	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, 293,955,044 and 295,867,844 shares issued and outstanding, respectively	`CommonStockValue`	$2.96M	USD	Point-in-time
Common stock, 400,000,000 shares authorized, 293,955,044 and 295,867,844 shares issued and outstanding, respectively	`CommonStockValue`	$2.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.89B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.89B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.29M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.92B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.86B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.36B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.42B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$953.32M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$876.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$469.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$428.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$448.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$484.05M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$269.84M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$280.39M	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$108.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$216.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$203.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$178.85M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$99.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$120.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$358.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$126.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$203.51M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$178.84M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$75.91M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$66.91M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$127.61M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$111.93M	USD	1 Quarter
Basic net earnings per share	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic net earnings per share	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Diluted net earnings per share	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted net earnings per share	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	295.24M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	296.64M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	297.50M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	295.94M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$127.61M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$111.93M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$17.28M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$19.41M	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$108.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$216.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.88M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.80M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$356.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$416.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.62M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.38M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$451.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$550.00K	USD	1 Quarter
Amortization of non-compete agreements	`AmortizationOfIntangibleAssets`	$132.00K	USD	1 Quarter
Amortization of non-compete agreements	`AmortizationOfIntangibleAssets`	$132.00K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$66.06M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$61.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.92M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.15M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-18.14M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-7.03M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.44M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.32M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.06M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-10.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$72.68M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$59.20M	USD	1 Quarter
Other	`IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeNet`	$4.39M	USD	1 Quarter
Other	`IncreaseDecreaseInAccumulatedOtherComprehensiveIncomeNet`	$790.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$143.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$180.10M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.92M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.56M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.66M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.05M	USD	1 Quarter
Net increase in marketable securities	`PaymentsForProceedsFromInvestments`	$2.00K	USD	1 Quarter
Net increase in marketable securities	`PaymentsForProceedsFromInvestments`	-	USD	1 Quarter
Net (increase) decrease in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$23.00K	USD	1 Quarter
Net (increase) decrease in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-22.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.49M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.28M	USD	1 Quarter
Borrowings under line of credit	`ProceedsFromUnsecuredLinesOfCredit`	$140.00M	USD	1 Quarter
Borrowings under line of credit	`ProceedsFromUnsecuredLinesOfCredit`	$175.00M	USD	1 Quarter
Payments against line of credit	`RepaymentsOfLinesOfCredit`	$140.00M	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`	$2.08M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$451.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$550.00K	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$81.86M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.85M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$82.85M	USD	1 Quarter
Payments 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`	$-127.18M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.35M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`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`	$6.29M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$114.50M	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`	$120.79M	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`	$114.50M	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`	$120.79M	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`	$358.00K	USD	1 Quarter
Net cash paid (received) during each period for income taxes	`IncomeTaxesPaidNet`	$16.29M	USD	1 Quarter
Net cash paid (received) 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`	$127.61M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$111.93M	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 2015 and 2014)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.45M	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0 in 2015 and 2014)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.84M	USD	1 Quarter
Change in marketable securities (net of tax of $0 in 2015 and 2014)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$2.00K	USD	1 Quarter
Change in marketable securities (net of tax of $0 in 2015 and 2014)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$108.16M	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.