10-Q Filing

FASTENAL CO CIK: 815556 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000815556-19-000027`
Period End Date	20190331
Filing Date	20190416
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	fast-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 30 Cash Flow Statement 64 Stockholders Equity 10 Comprehensive Income 8

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.80M	USD	Point-in-time
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$185.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$167.20M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $11.8 and $12.8, respectively	`AccountsReceivableNetCurrent`	$714.30M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $11.8 and $12.8, respectively	`AccountsReceivableNetCurrent`	$793.00M	USD	Point-in-time
Par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.29B	USD	Point-in-time
Inventories	`InventoryNet`	$1.28B	USD	Point-in-time
Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$9.00M	USD	Point-in-time
Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$147.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$116.90M	USD	Point-in-time
Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.39B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.32B	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$924.80M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$943.30M	USD	Point-in-time
Authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$220.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$98.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$80.50M	USD	Point-in-time
Issued (in shares)	`CommonStockSharesIssued`	286.27M	shares	Point-in-time
Issued (in shares)	`CommonStockSharesIssued`	285.90M	shares	Point-in-time
Outstanding (in shares)	`CommonStockSharesOutstanding`	286.27M	shares	Point-in-time
Outstanding (in shares)	`CommonStockSharesOutstanding`	285.90M	shares	Point-in-time
Total assets	`Assets`	$3.65B	USD	Point-in-time
Total assets	`Assets`	$3.32B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$3.00M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$4.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$183.90M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$232.80M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$240.80M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$91.80M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$41.70M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$554.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$437.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$484.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$497.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$130.40M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$84.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$85.00M	USD	Point-in-time
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, 286,265,537 and 285,901,919 shares issued and outstanding, respectively	`CommonStockValue`	$2.90M	USD	Point-in-time
Common stock: $0.01 par value, 400,000,000 shares authorized, 286,265,537 and 285,901,919 shares issued and outstanding, respectively	`CommonStockValue`	$2.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.41B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.34B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-44.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.17B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.40B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.30B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.32B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.65B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.31B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.19B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$608.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$684.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$577.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$624.70M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$342.70M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$363.60M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-400.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$300.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$234.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$261.40M	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$100.00K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$100.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.70M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$231.90M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$257.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$57.60M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$63.40M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$174.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$194.10M	USD	1 Quarter
Basic net earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic net earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Diluted net earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Diluted net earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	286.09M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	287.64M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	287.88M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	286.50M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$174.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$194.10M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$32.40M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$35.40M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-400.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$300.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.00M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$600.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$12.10M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.40M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.60M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.00M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$79.50M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$82.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$41.20M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.50M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-18.40M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-30.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$600.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$5.70M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-8.00M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$35.60M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$50.70M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-100.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-400.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$159.70M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$204.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.40M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.50M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.70M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.60M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.70M	USD	1 Quarter
Proceeds from debt obligations	`ProceedsFromIssuanceOfLongTermDebt`	$180.00M	USD	1 Quarter
Proceeds from debt obligations	`ProceedsFromIssuanceOfLongTermDebt`	$210.00M	USD	1 Quarter
Payments against debt obligations	`RepaymentsOfLongTermDebt`	$190.00M	USD	1 Quarter
Payments against debt obligations	`RepaymentsOfLongTermDebt`	$240.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$18.10M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.80M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$106.40M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$123.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-134.90M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-112.60M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$900.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.20M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.20M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$137.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$185.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$167.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$137.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$116.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$185.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$167.20M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.00M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.70M	USD	1 Quarter
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$9.60M	USD	1 Quarter
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$11.70M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$2.17B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.40B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.30B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$174.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$194.10M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$2.17B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.40B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.30B	USD	Point-in-time
Cash dividends declared per share of common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.37	USD	1 Quarter
Cash dividends declared per share of common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.43	USD	1 Quarter

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$174.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$194.10M	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0.00 in 2019 and 2018)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.70M	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0.00 in 2019 and 2018)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$197.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$176.30M	USD	1 Quarter

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