10-Q Filing

FASTENAL CO CIK: 815556 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000815556-16-000097`
Period End Date	20160331
Filing Date	20160415
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	fast-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 70 Comprehensive Income 8

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.43M	USD	Point-in-time
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.73M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$120.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.55M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.02M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.50M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	293.96M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	288.87M	shares	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $11,434 and $11,729, respectively	`AccountsReceivableNetCurrent`	$533.49M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	289.58M	shares	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $11,434 and $11,729, respectively	`AccountsReceivableNetCurrent`	$468.38M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	288.87M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	293.96M	shares	Point-in-time
Inventories	`InventoryNet`	$913.26M	USD	Point-in-time
Inventories	`InventoryNet`	$965.05M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	289.58M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$22.56M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$131.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$118.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.77B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.66B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$818.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$826.74M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$48.87M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$48.80M	USD	Point-in-time
Total assets	`Assets`	$2.64B	USD	Point-in-time
Total assets	`Assets`	$2.53B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$62.05M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$7.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$158.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.97M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$179.35M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$185.14M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$56.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$401.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$373.17M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$302.95M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$362.39M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$55.06M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$56.84M	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, 288,872,549 and 289,581,682 shares issued and outstanding, respectively	`CommonStockValue`	$2.90M	USD	Point-in-time
Common stock, 400,000,000 shares authorized, 288,872,549 and 289,581,682 shares issued and outstanding, respectively	`CommonStockValue`	$2.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.02M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.84B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.83B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.80B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.82B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.64B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.53B	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`	$986.68M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$469.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$495.22M	USD	1 Quarter
Gross profit	`GrossProfit`	$484.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$491.46M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$290.18M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$280.39M	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-106.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$108.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$203.77M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$201.17M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$99.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$61.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$358.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.38M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$199.85M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$203.51M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$75.91M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$73.62M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$127.61M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$126.23M	USD	1 Quarter
Basic net earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic net earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Diluted net earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted net earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	288.81M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	295.24M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	295.94M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	289.12M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$127.61M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$126.23M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$19.41M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$23.29M	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-106.00K	USD	1 Quarter
Loss (gain) on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$108.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.88M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.07M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$1.78M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$416.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.62M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$451.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.09M	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`	$64.37M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$66.06M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$47.11M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.15M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-18.14M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-13.47M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.32M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.52M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.79M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.06M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$59.20M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$83.87M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$790.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$737.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$180.10M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$161.36M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.92M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.68M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$949.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.66M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$23.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$200.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.28M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.93M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$180.00M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromUnsecuredLinesOfCredit`	$175.00M	USD	1 Quarter
Payments against credit facility	`RepaymentsOfLinesOfCredit`	$175.00M	USD	1 Quarter
Payments against credit facility	`RepaymentsOfLinesOfCredit`	$140.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.08M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$20.51M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$451.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.09M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$81.86M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$59.44M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$86.52M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$82.85M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-127.18M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-115.36M	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`	$4.46M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.29M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.53M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$120.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$150.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$114.50M	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`	$150.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$114.50M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$1.39M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$358.00K	USD	1 Quarter
Net cash (received) paid for income taxes	`IncomeTaxesPaidNet`	$-12.20M	USD	1 Quarter
Net cash (received) paid for income taxes	`IncomeTaxesPaidNet`	$16.29M	USD	1 Quarter

Comprehensive Income 8 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
Net earnings	`NetIncomeLoss`	$126.23M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0 in 2016 and 2015)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.72M	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0 in 2016 and 2015)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-19.45M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$139.94M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$108.16M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.