10-Q Filing

FASTENAL CO CIK: 815556 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000815556-21-000018`
Period End Date	20210331
Filing Date	20210416
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	fast-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 28 Cash Flow Statement 70 Stockholders Equity 14 Comprehensive Income 8

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$12.30M	USD	Point-in-time
Trade accounts receivable, allowance for credit losses	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$174.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$160.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$333.90M	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 credit losses of $11.6 and $12.3, respectively	`AccountsReceivableNetCurrent`	$851.00M	USD	Point-in-time
Trade accounts receivable, net of allowance for credit losses of $11.6 and $12.3, respectively	`AccountsReceivableNetCurrent`	$769.40M	USD	Point-in-time
Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.34B	USD	Point-in-time
Inventories	`InventoryNet`	$1.31B	USD	Point-in-time
Authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$6.70M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$124.00M	USD	Point-in-time
Outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$140.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.50B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.61B	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.02B	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$249.60M	USD	Point-in-time
Authorized (in shares)	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Authorized (in shares)	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$243.00M	USD	Point-in-time
Issued (in shares)	`CommonStockSharesIssued`	574.16M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$191.40M	USD	Point-in-time
Issued (in shares)	`CommonStockSharesIssued`	574.42M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$188.60M	USD	Point-in-time
Total assets	`Assets`	$4.07B	USD	Point-in-time
Total assets	`Assets`	$3.96B	USD	Point-in-time
Outstanding (in shares)	`CommonStockSharesOutstanding`	574.16M	shares	Point-in-time
Outstanding (in shares)	`CommonStockSharesOutstanding`	574.42M	shares	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$40.00M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$40.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$207.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$215.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$265.80M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$272.10M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$93.60M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$93.10M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$47.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$612.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$661.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$365.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$365.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$158.90M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$151.50M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$102.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$102.30M	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, 574,424,155 and 574,159,575 shares issued and outstanding, respectively	`CommonStockValue`	$2.90M	USD	Point-in-time
Common stock: $0.01 par value, 800,000,000 shares authorized, 574,424,155 and 574,159,575 shares issued and outstanding, respectively	`CommonStockValue`	$2.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$61.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$70.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.74B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.69B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.79B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.73B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.66B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$3.96B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.07B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.42B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.37B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$730.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$773.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$643.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$636.80M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$365.50M	USD	1 Quarter
Operating and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$363.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$280.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$271.30M	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	$100.00K	USD	1 Quarter
Interest income	`InterestAndOtherIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$2.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.40M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$269.20M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$277.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$67.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$66.60M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$202.60M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$210.60M	USD	1 Quarter
Basic net earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic net earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Diluted net earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Diluted net earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	574.34M	shares	1 Quarter
Basic weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	573.90M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	575.32M	shares	1 Quarter
Diluted weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	576.55M	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`	$210.60M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$37.60M	USD	1 Quarter
Depreciation of property and equipment	`Depreciation`	$39.30M	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$600.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$400.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$1.90M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$500.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$300.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.50M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.60M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.00M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$101.40M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$82.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-10.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-31.10M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-16.30M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-33.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.30M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-24.00M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.30M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$53.90M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$56.20M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.40M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-100.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$274.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$241.10M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.70M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.80M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.10M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.70M	USD	1 Quarter
Cash paid for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$125.00M	USD	1 Quarter
Cash paid for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-171.70M	USD	1 Quarter
Proceeds from debt obligations	`ProceedsFromIssuanceOfLongTermDebt`	$325.00M	USD	1 Quarter
Proceeds from debt obligations	`ProceedsFromIssuanceOfLongTermDebt`	$110.00M	USD	1 Quarter
Payments against debt obligations	`RepaymentsOfLongTermDebt`	$215.00M	USD	1 Quarter
Payments against debt obligations	`RepaymentsOfLongTermDebt`	$110.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.40M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.60M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$52.00M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$160.80M	USD	1 Quarter
Payments of dividends	`PaymentsOfDividends`	$143.60M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-78.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-154.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.50M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.40M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.20M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$88.20M	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`	$245.70M	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`	$333.90M	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`	$245.70M	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`	$333.90M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.20M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.40M	USD	1 Quarter
Net cash paid for income taxes	`IncomeTaxesPaidNet`	$12.40M	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`	$30.90M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$2.79B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.73B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$2.66B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$202.60M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$210.60M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$2.79B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.73B	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$2.66B	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`	$0.25	USD	1 Quarter
Cash dividends paid per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.40	USD	Annual
Cash dividends paid per share of common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	1 Quarter
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`	$0.25	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`	$202.60M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$210.60M	USD	1 Quarter
Foreign currency translation adjustments, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	-	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0.0 in 2021 and 2020)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-25.00M	USD	1 Quarter
Foreign currency translation adjustments (net of tax of $0.0 in 2021 and 2020)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$206.20M	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.