10-Q Filing

FASTENAL CO CIK: 815556 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000815556-20-000031`
Period End Date	20200331
Filing Date	20200417
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	fast331202010-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 30 Cash Flow Statement 70 Stockholders Equity 14 Comprehensive Income 8

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.90M	USD	Point-in-time
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$174.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$167.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$160.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$185.40M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $11.6 and $10.9, respectively	`AccountsReceivableNetCurrent`	$833.90M	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
Trade accounts receivable, net of allowance for doubtful accounts of $11.6 and $10.9, respectively	`AccountsReceivableNetCurrent`	$741.80M	USD	Point-in-time
Inventories	`InventoryNet`	$1.37B	USD	Point-in-time
Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.35B	USD	Point-in-time
Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$16.70M	USD	Point-in-time
Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$124.20M	USD	Point-in-time
Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$157.40M	USD	Point-in-time
Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.46B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.46B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.02B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.03B	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
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$242.40M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$243.20M	USD	Point-in-time
Authorized (in shares)	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Authorized (in shares)	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Issued (in shares)	`CommonStockSharesIssued`	574.13M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$76.30M	USD	Point-in-time
Issued (in shares)	`CommonStockSharesIssued`	572.82M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$200.30M	USD	Point-in-time
Issued (in shares)	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Outstanding (in shares)	`CommonStockSharesOutstanding`	572.82M	shares	Point-in-time
Total assets	`Assets`	$3.93B	USD	Point-in-time
Outstanding (in shares)	`CommonStockSharesOutstanding`	574.13M	shares	Point-in-time
Total assets	`Assets`	$3.80B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$3.00M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$4.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$212.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$192.80M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$227.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$251.50M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$97.40M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$96.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$39.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$544.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$580.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$450.10M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$342.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$147.70M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$148.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$99.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$99.90M	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, 800,000,000 shares authorized, 572,817,649 and 574,128,911 shares issued and outstanding, respectively	`CommonStockValue`	$2.90M	USD	Point-in-time
Common stock: $0.01 par value, 800,000,000 shares authorized, 572,817,649 and 574,128,911 shares issued and outstanding, respectively	`CommonStockValue`	$2.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$24.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$67.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.69B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.63B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-63.40M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.66B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.67B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.40B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.80B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.93B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.37B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.31B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$684.60M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$730.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$636.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$624.70M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$363.60M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$365.90M	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$300.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$261.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$271.30M	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`	$2.20M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$257.50M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$269.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$63.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$66.60M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$202.60M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$194.10M	USD	1 Quarter
Basic net earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic net earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Diluted net earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted net earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	573.90M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	572.17M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	575.32M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	572.99M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$202.60M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$194.10M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$35.40M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$37.60M	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$300.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.90M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$2.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$500.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$600.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.60M	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`	$101.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-10.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.50M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-30.10M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-33.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.30M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-8.00M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-24.00M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$56.20M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$50.70M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-400.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$204.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$241.10M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.40M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.80M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.60M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.10M	USD	1 Quarter
Cash paid for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash paid for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$125.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-52.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-171.70M	USD	1 Quarter
Proceeds from debt obligations	`ProceedsFromIssuanceOfLongTermDebt`	$210.00M	USD	1 Quarter
Proceeds from debt obligations	`ProceedsFromIssuanceOfLongTermDebt`	$325.00M	USD	1 Quarter
Payments against debt obligations	`RepaymentsOfLongTermDebt`	$240.00M	USD	1 Quarter
Payments against debt obligations	`RepaymentsOfLongTermDebt`	$215.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$18.10M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.40M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$52.00M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$123.00M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$143.60M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-134.90M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-78.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.40M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$900.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.20M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.20M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$174.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$167.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$160.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$185.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$174.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$167.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$160.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$185.40M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$4.00M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.20M	USD	1 Quarter
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$11.70M	USD	1 Quarter
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$10.20M	USD	1 Quarter
Leased assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$25.00M	USD	1 Quarter
Leased assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$21.80M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$2.66B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.67B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.40B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$202.60M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$194.10M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$2.66B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.67B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.40B	USD	Point-in-time
Cash dividends paid per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	1 Quarter
Cash dividends paid per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Cash dividends paid per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter
Cash dividends paid per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter
Cash dividends paid per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.87	USD	Annual
Cash dividends paid per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$202.60M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$194.10M	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0.0 in 2020 and 2019)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-25.00M	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0.0 in 2020 and 2019)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$197.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$177.60M	USD	1 Quarter

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