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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fastenal Company | NASDAQ:FAST | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.34 | 0.50% | 68.43 | 68.49 | 71.24 | 68.95 | 68.02 | 68.50 | 2,592,955 | 05:00:11 |
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ý
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Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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¨
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Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Minnesota
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41-0948415
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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2001 Theurer Boulevard
Winona, Minnesota
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55987-1500
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(Address of principal executive offices)
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(Zip Code)
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Large Accelerated Filer
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ý
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Accelerated Filer
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¨
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Non-accelerated Filer
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¨
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Smaller Reporting Company
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¨
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Emerging Growth Company
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¨
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Class
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Outstanding at July 10, 2018
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Common Stock, par value $.01 per share
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286,948,535
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Page No.
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(Unaudited)
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Assets
|
June 30,
2018 |
|
December 31,
2017 |
|||
Current assets:
|
|
|
|
|||
Cash and cash equivalents
|
$
|
135.5
|
|
|
116.9
|
|
Trade accounts receivable, net of allowance for doubtful accounts of $11.4 and $11.9, respectively
|
733.7
|
|
|
607.8
|
|
|
Inventories
|
1,163.4
|
|
|
1,092.9
|
|
|
Other current assets
|
108.1
|
|
|
118.1
|
|
|
Total current assets
|
2,140.7
|
|
|
1,935.7
|
|
|
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|
|||
Property and equipment, net
|
880.1
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|
893.6
|
|
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Other assets
|
79.3
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|
81.2
|
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|||
Total assets
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$
|
3,100.1
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2,910.5
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|||
Liabilities and Stockholders' Equity
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|||
Current liabilities:
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Current portion of debt
|
$
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2.5
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3.0
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Accounts payable
|
172.1
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|
|
147.5
|
|
|
Accrued expenses
|
204.4
|
|
|
194.0
|
|
|
Income taxes payable
|
2.0
|
|
|
6.5
|
|
|
Total current liabilities
|
381.0
|
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|
351.0
|
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|||
Long-term debt
|
422.5
|
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|
412.0
|
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Deferred income taxes
|
70.0
|
|
|
50.6
|
|
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|||
Stockholders' equity:
|
|
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|
|||
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding
|
—
|
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—
|
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Common stock: $0.01 par value, 400,000,000 shares authorized, 286,948,535 and 287,591,536 shares issued and outstanding, respectively
|
2.9
|
|
|
2.9
|
|
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Additional paid-in capital
|
0.4
|
|
|
8.5
|
|
|
Retained earnings
|
2,259.2
|
|
|
2,110.6
|
|
|
Accumulated other comprehensive loss
|
(35.9
|
)
|
|
(25.1
|
)
|
|
Total stockholders' equity
|
2,226.6
|
|
|
2,096.9
|
|
|
Total liabilities and stockholders' equity
|
$
|
3,100.1
|
|
|
2,910.5
|
|
|
(Unaudited)
|
|
(Unaudited)
|
||||||||||
|
Six Months Ended
June 30, |
|
Three Months Ended
June 30, |
||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||
Net sales
|
$
|
2,453.7
|
|
|
2,169.2
|
|
|
$
|
1,267.9
|
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|
1,121.5
|
|
|
|
|
|
|
|
|
|
||||||
Cost of sales
|
1,258.4
|
|
|
1,092.7
|
|
|
650.2
|
|
|
563.0
|
|
||
Gross profit
|
1,195.3
|
|
|
1,076.5
|
|
|
617.7
|
|
|
558.5
|
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||
|
|
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|
|
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||||||
Operating and administrative expenses
|
692.0
|
|
|
627.5
|
|
|
349.3
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|
|
321.6
|
|
||
Gain on sale of property and equipment
|
(0.2
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)
|
|
(1.0
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)
|
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(0.6
|
)
|
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(0.6
|
)
|
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Operating income
|
503.5
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|
|
450.0
|
|
|
269.0
|
|
|
237.5
|
|
||
|
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|
|
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||||||
Interest income
|
0.2
|
|
|
0.2
|
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0.1
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|
|
0.1
|
|
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Interest expense
|
(5.9
|
)
|
|
(3.9
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)
|
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(3.2
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)
|
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(2.2
|
)
|
||
|
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||||||
Earnings before income taxes
|
497.8
|
|
|
446.3
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|
|
265.9
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|
235.4
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||||||
Income tax expense
|
112.3
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|
163.2
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|
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54.7
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|
86.5
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||||||
Net earnings
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$
|
385.5
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|
|
283.1
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$
|
211.2
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|
|
148.9
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||||||
Basic net earnings per share
|
$
|
1.34
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|
0.98
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$
|
0.74
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0.52
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||||||
Diluted net earnings per share
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$
|
1.34
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0.98
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$
|
0.74
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0.52
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||||||
Basic weighted average shares outstanding
|
287.4
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|
|
288.9
|
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|
287.1
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|
|
288.7
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||
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||||||
Diluted weighted average shares outstanding
|
287.6
|
|
|
289.1
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|
|
287.3
|
|
|
288.8
|
|
|
(Unaudited)
|
|
(Unaudited)
|
||||||||||
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Six Months Ended
June 30, |
|
Three Months Ended
June 30, |
||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||
Net earnings
|
$
|
385.5
|
|
|
283.1
|
|
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$
|
211.2
|
|
|
148.9
|
|
Other comprehensive income, net of tax:
|
|
|
|
|
|
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|
||||||
Foreign currency translation adjustments (net of tax of $0.0 in 2018 and 2017)
|
(10.8
|
)
|
|
11.0
|
|
|
(12.8
|
)
|
|
8.1
|
|
||
Comprehensive income
|
$
|
374.7
|
|
|
294.1
|
|
|
$
|
198.4
|
|
|
157.0
|
|
|
(Unaudited)
|
|||||
|
Six Months Ended
June 30, |
|||||
|
2018
|
|
2017
|
|||
Cash flows from operating activities:
|
|
|
|
|||
Net earnings
|
$
|
385.5
|
|
|
283.1
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities, net of acquisition:
|
|
|
|
|||
Depreciation of property and equipment
|
65.5
|
|
|
60.8
|
|
|
Gain on sale of property and equipment
|
(0.2
|
)
|
|
(1.0
|
)
|
|
Bad debt expense
|
2.7
|
|
|
4.0
|
|
|
Deferred income taxes
|
19.4
|
|
|
0.8
|
|
|
Stock-based compensation
|
2.5
|
|
|
2.8
|
|
|
Amortization of intangible assets
|
2.0
|
|
|
1.8
|
|
|
Changes in operating assets and liabilities, net of acquisition:
|
|
|
|
|||
Trade accounts receivable
|
(132.0
|
)
|
|
(108.0
|
)
|
|
Inventories
|
(75.0
|
)
|
|
(32.1
|
)
|
|
Other current assets
|
10.0
|
|
|
2.5
|
|
|
Accounts payable
|
24.6
|
|
|
30.0
|
|
|
Accrued expenses
|
10.4
|
|
|
24.0
|
|
|
Income taxes
|
(4.5
|
)
|
|
24.8
|
|
|
Other
|
0.7
|
|
|
(0.2
|
)
|
|
Net cash provided by operating activities
|
311.6
|
|
|
293.3
|
|
|
|
|
|
|
|||
Cash flows from investing activities:
|
|
|
|
|||
Purchases of property and equipment
|
(60.6
|
)
|
|
(57.4
|
)
|
|
Proceeds from sale of property and equipment
|
6.8
|
|
|
4.6
|
|
|
Cash paid for acquisition
|
—
|
|
|
(58.7
|
)
|
|
Other
|
(0.1
|
)
|
|
1.8
|
|
|
Net cash used in investing activities
|
(53.9
|
)
|
|
(109.7
|
)
|
|
|
|
|
|
|||
Cash flows from financing activities:
|
|
|
|
|||
Proceeds from debt obligations
|
415.0
|
|
|
550.0
|
|
|
Payments against debt obligations
|
(405.0
|
)
|
|
(495.0
|
)
|
|
Proceeds from exercise of stock options
|
5.6
|
|
|
3.3
|
|
|
Purchases of common stock
|
(40.4
|
)
|
|
(56.7
|
)
|
|
Payments of dividends
|
(212.7
|
)
|
|
(185.1
|
)
|
|
Net cash used in financing activities
|
(237.5
|
)
|
|
(183.5
|
)
|
|
|
|
|
|
|||
Effect of exchange rate changes on cash and cash equivalents
|
(1.6
|
)
|
|
2.3
|
|
|
|
|
|
|
|||
Net increase in cash and cash equivalents
|
18.6
|
|
|
2.4
|
|
|
|
|
|
|
|||
Cash and cash equivalents at beginning of period
|
116.9
|
|
|
112.7
|
|
|
Cash and cash equivalents at end of period
|
$
|
135.5
|
|
|
115.1
|
|
|
|
|
|
|||
Supplemental disclosure of cash flow information:
|
|
|
|
|||
Cash paid for interest
|
$
|
5.9
|
|
|
3.5
|
|
Net cash paid for income taxes
|
$
|
96.8
|
|
|
137.1
|
|
|
Six-month Period
|
|
Three-month Period
|
|||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|||||||
United States
|
$
|
2,121.1
|
|
|
$
|
1,908.4
|
|
|
$
|
1,092.6
|
|
|
986.1
|
|
Canada
|
151.8
|
|
|
123.3
|
|
|
79.2
|
|
|
63.7
|
|
|||
Other foreign countries
|
180.8
|
|
|
137.5
|
|
|
96.1
|
|
|
71.7
|
|
|||
Total revenues
|
$
|
2,453.7
|
|
|
$
|
2,169.2
|
|
|
$
|
1,267.9
|
|
|
1,121.5
|
|
|
Six-month Period
|
|
Three-month Period
|
||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||
Manufacturing
|
66.8
|
%
|
|
66.5
|
%
|
|
66.6
|
%
|
|
66.5
|
%
|
Non-Residential construction
|
12.9
|
%
|
|
13.0
|
%
|
|
13.2
|
%
|
|
13.0
|
%
|
Other
|
20.3
|
%
|
|
20.5
|
%
|
|
20.2
|
%
|
|
20.5
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
Six-month Period
|
Three-month Period
|
||||||
Type
|
Introduced
|
2018
|
2017
|
2018
|
2017
|
||||
Fasteners
(2)
|
1967
|
35.2
|
%
|
35.9
|
%
|
35.4
|
%
|
36.1
|
%
|
Tools
|
1993
|
10.0
|
%
|
10.1
|
%
|
9.9
|
%
|
9.9
|
%
|
Cutting tools
|
1996
|
5.7
|
%
|
5.8
|
%
|
5.6
|
%
|
5.8
|
%
|
Hydraulics & pneumatics
|
1996
|
6.9
|
%
|
6.9
|
%
|
6.9
|
%
|
6.8
|
%
|
Material handling
|
1996
|
5.8
|
%
|
6.0
|
%
|
5.9
|
%
|
6.0
|
%
|
Janitorial supplies
|
1996
|
7.5
|
%
|
7.2
|
%
|
7.6
|
%
|
7.2
|
%
|
Electrical supplies
|
1997
|
4.7
|
%
|
4.9
|
%
|
4.6
|
%
|
5.0
|
%
|
Welding supplies
|
1997
|
4.2
|
%
|
4.2
|
%
|
4.1
|
%
|
4.2
|
%
|
Safety supplies
(3)
|
1999
|
16.9
|
%
|
16.0
|
%
|
16.9
|
%
|
16.0
|
%
|
Other
|
|
3.1
|
%
|
3.0
|
%
|
3.1
|
%
|
3.0
|
%
|
|
|
100
|
%
|
100
|
%
|
100.0
|
%
|
100.0
|
%
|
|
2018
|
|
2017
|
|||
First quarter
|
$
|
0.37
|
|
|
0.32
|
|
Second quarter
|
0.37
|
|
|
0.32
|
|
|
Third quarter
|
0.40
|
|
|
0.32
|
|
|
Fourth quarter
|
|
|
0.32
|
|
||
Total
|
$
|
1.14
|
|
|
1.28
|
|
|
Options
Granted
|
|
Option Exercise
(Strike) Price
|
|
Closing Stock Price on Date
of Grant
|
|
June 30, 2018
|
|||||||||
Date of Grant
|
|
|
|
Options
Outstanding
|
|
Options
Exercisable
|
||||||||||
January 2, 2018
|
541,786
|
|
|
$
|
55.00
|
|
|
$
|
54.54
|
|
|
528,250
|
|
|
21,185
|
|
January 3, 2017
|
764,789
|
|
|
$
|
47.00
|
|
|
$
|
46.95
|
|
|
690,762
|
|
|
—
|
|
April 19, 2016
|
845,440
|
|
|
$
|
46.00
|
|
|
$
|
45.74
|
|
|
710,137
|
|
|
—
|
|
April 21, 2015
|
893,220
|
|
|
$
|
42.00
|
|
|
$
|
41.26
|
|
|
640,306
|
|
|
136,150
|
|
April 22, 2014
|
955,000
|
|
|
$
|
56.00
|
|
|
$
|
50.53
|
|
|
539,500
|
|
|
331,250
|
|
April 16, 2013
|
205,000
|
|
|
$
|
54.00
|
|
|
$
|
49.25
|
|
|
98,000
|
|
|
64,257
|
|
April 17, 2012
|
1,235,000
|
|
|
$
|
54.00
|
|
|
$
|
49.01
|
|
|
903,313
|
|
|
790,813
|
|
April 19, 2011
|
410,000
|
|
|
$
|
35.00
|
|
|
$
|
31.78
|
|
|
54,850
|
|
|
42,350
|
|
April 20, 2010
|
530,000
|
|
|
$
|
30.00
|
|
|
$
|
27.13
|
|
|
36,400
|
|
|
36,400
|
|
Total
|
6,380,235
|
|
|
|
|
|
|
4,201,518
|
|
|
1,422,405
|
|
Date of Grant
|
Risk-free
Interest Rate
|
|
Expected Life of
Option in Years
|
|
Expected
Dividend
Yield
|
|
Expected
Stock
Volatility
|
|
Estimated Fair
Value of Stock
Option
|
|||||
January 2, 2018
|
2.2
|
%
|
|
5.00
|
|
2.3
|
%
|
|
23.45
|
%
|
|
$
|
10.03
|
|
January 3, 2017
|
1.9
|
%
|
|
5.00
|
|
2.6
|
%
|
|
24.49
|
%
|
|
$
|
8.40
|
|
April 19, 2016
|
1.3
|
%
|
|
5.00
|
|
2.6
|
%
|
|
26.34
|
%
|
|
$
|
8.18
|
|
April 21, 2015
|
1.3
|
%
|
|
5.00
|
|
2.7
|
%
|
|
26.84
|
%
|
|
$
|
7.35
|
|
April 22, 2014
|
1.8
|
%
|
|
5.00
|
|
2.0
|
%
|
|
28.55
|
%
|
|
$
|
9.57
|
|
April 16, 2013
|
0.7
|
%
|
|
5.00
|
|
1.6
|
%
|
|
37.42
|
%
|
|
$
|
12.66
|
|
April 17, 2012
|
0.9
|
%
|
|
5.00
|
|
1.4
|
%
|
|
39.25
|
%
|
|
$
|
13.69
|
|
April 19, 2011
|
2.1
|
%
|
|
5.00
|
|
1.6
|
%
|
|
39.33
|
%
|
|
$
|
11.20
|
|
April 20, 2010
|
2.6
|
%
|
|
5.00
|
|
1.5
|
%
|
|
39.10
|
%
|
|
$
|
8.14
|
|
|
Six-month Period
|
|
Three-month Period
|
||||||||
Reconciliation
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||
Basic weighted average shares outstanding
|
287,391,614
|
|
|
288,948,734
|
|
|
287,140,426
|
|
|
288,655,020
|
|
Weighted shares assumed upon exercise of stock options
|
167,854
|
|
|
150,582
|
|
|
117,061
|
|
|
133,943
|
|
Diluted weighted average shares outstanding
|
287,559,468
|
|
|
289,099,316
|
|
|
287,257,487
|
|
|
288,788,963
|
|
|
Six-month Period
|
|
Three-month Period
|
||||||||||
Summary of Anti-dilutive Options Excluded
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||
Options to purchase shares of common stock
|
2,790,630
|
|
|
3,603,850
|
|
|
3,056,822
|
|
|
3,897,177
|
|
||
Weighted average exercise price of options
|
$
|
52.86
|
|
|
49.81
|
|
|
$
|
52.18
|
|
|
49.18
|
|
|
June 30, 2018
|
|
December 31, 2017
|
|||
Outstanding loans under unsecured revolving credit facility
|
$
|
290.0
|
|
|
280.0
|
|
2.00% Senior unsecured promissory note payable
|
40.0
|
|
|
40.0
|
|
|
2.45% Senior unsecured promissory note payable
|
35.0
|
|
|
35.0
|
|
|
3.22% Senior unsecured promissory note payable
|
60.0
|
|
|
60.0
|
|
|
Total debt
|
425.0
|
|
|
415.0
|
|
|
Less: Current portion of debt
|
(2.5
|
)
|
|
(3.0
|
)
|
|
Long-term debt
|
$
|
422.5
|
|
|
412.0
|
|
|
|
|
|
|||
Outstanding letters of credit under unsecured revolving credit facility - contingent obligation
|
$
|
36.3
|
|
|
36.3
|
|
|
|
|
|
|
Change Since:
|
|
|
|
Change Since:
|
|||||
|
Q2
2018 |
|
Q4
2017 |
|
Q4
2017 |
|
Q2
2017 |
|
Q2
2017 |
|||||
End of period total in-market locations
(1)
- employee count
|
13,688
|
|
|
13,424
|
|
|
2.0
|
%
|
|
13,335
|
|
|
2.6
|
%
|
End of period total employee count
|
20,855
|
|
|
20,565
|
|
|
1.4
|
%
|
|
20,174
|
|
|
3.4
|
%
|
|
|
|
|
|
|
|
|
|
|
|||||
Number of public branch locations
|
2,290
|
|
|
2,383
|
|
|
-3.9
|
%
|
|
2,451
|
|
|
-6.6
|
%
|
Number of active Onsite locations
|
761
|
|
|
605
|
|
|
25.8
|
%
|
|
486
|
|
|
56.6
|
%
|
Number of in-market locations
(1)
|
3,051
|
|
|
2,988
|
|
|
2.1
|
%
|
|
2,937
|
|
|
3.9
|
%
|
Industrial vending devices (installed count)
(2)
|
76,069
|
|
|
71,421
|
|
|
6.5
|
%
|
|
66,577
|
|
|
14.3
|
%
|
Ratio of industrial vending devices to in-market locations
|
25:1
|
|
|
24:1
|
|
|
|
|
23:1
|
|
|
|
|
Six-month Period
|
|
Three-month Period
|
||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||
Net sales
|
$
|
2,453.7
|
|
|
2,169.2
|
|
|
$
|
1,267.9
|
|
|
1,121.5
|
|
Percentage change
|
13.1
|
%
|
|
8.4
|
%
|
|
13.1
|
%
|
|
10.6
|
%
|
||
Business days
|
128
|
|
|
128
|
|
|
64
|
|
|
64
|
|
||
Daily sales
|
$
|
19.2
|
|
|
16.9
|
|
|
$
|
19.8
|
|
|
17.5
|
|
Percentage change
|
13.1
|
%
|
|
8.4
|
%
|
|
13.1
|
%
|
|
10.6
|
%
|
||
Daily sales impact of currency fluctuations
|
0.5
|
%
|
|
-0.1
|
%
|
|
0.5
|
%
|
|
-0.3
|
%
|
||
Daily sales impact of acquisition
|
0.6
|
%
|
|
0.7
|
%
|
|
0.0
|
%
|
|
1.3
|
%
|
|
Six-month Period
|
|
Three-month Period
|
||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||
Fastener product line
|
35.2
|
%
|
|
35.9
|
%
|
|
35.4
|
%
|
|
36.1
|
%
|
Other product lines
|
64.8
|
%
|
|
64.1
|
%
|
|
64.6
|
%
|
|
63.9
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
Approximate Percentage of Total Operating and Administrative Expenses
|
Six-month Period
|
|
Three-month Period
|
||
|
2018
|
|
2018
|
|||
Employee-related expenses
|
65% to 70%
|
12.2
|
%
|
|
10.0
|
%
|
Occupancy-related expenses
|
15% to 20%
|
5.3
|
%
|
|
3.0
|
%
|
Selling transportation expenses
|
5%
|
14.9
|
%
|
|
17.6
|
%
|
|
|
|
|
|
Change Since:
|
|
|
|
Change Since:
|
|||||
|
Q2
|
|
Q4
|
|
Q4
|
|
Q2
|
|
Q2
|
|||||
|
2018
|
|
2017
|
|
2017
|
|
2017
|
|
2017
|
|||||
In-market locations
|
12,214
|
|
|
11,549
|
|
|
5.8
|
%
|
|
11,760
|
|
|
3.9
|
%
|
Total selling (includes in-market locations)
|
13,926
|
|
|
13,225
|
|
|
5.3
|
%
|
|
13,395
|
|
|
4.0
|
%
|
Distribution
|
2,672
|
|
|
2,525
|
|
|
5.8
|
%
|
|
2,549
|
|
|
4.8
|
%
|
Manufacturing
|
652
|
|
|
619
|
|
|
5.3
|
%
|
|
600
|
|
|
8.7
|
%
|
Administrative
|
1,194
|
|
|
1,150
|
|
|
3.8
|
%
|
|
1,068
|
|
|
11.8
|
%
|
Total
|
18,444
|
|
|
17,519
|
|
|
5.3
|
%
|
|
17,612
|
|
|
4.7
|
%
|
|
Six-month Period
|
|||||
|
2018
|
|
2017
|
|||
Net cash provided by operating activities
|
$
|
311.6
|
|
|
293.3
|
|
Percentage of net earnings
|
80.8
|
%
|
|
103.6
|
%
|
|
Net cash used in investing activities
|
$
|
53.9
|
|
|
109.7
|
|
Net cash used in financing activities
|
$
|
237.5
|
|
|
183.5
|
|
|
|
June 30:
|
Twelve-month Dollar Change
|
Twelve-month Percentage Change
|
||||||||||
|
|
2018
|
|
2017
|
|
2018
|
|
2018
|
||||||
Accounts receivable, net
|
|
$
|
733.7
|
|
|
613.5
|
|
|
$
|
120.2
|
|
|
19.6
|
%
|
Inventories
|
|
1,163.4
|
|
|
1,044.3
|
|
|
119.1
|
|
|
11.4
|
%
|
||
Total
|
|
$
|
1,897.1
|
|
|
1,657.8
|
|
|
$
|
239.3
|
|
|
14.4
|
%
|
|
|
|
|
|
|
|
|
|
||||||
Net sales in last two months
|
|
$
|
858.6
|
|
|
777.8
|
|
|
$
|
80.8
|
|
|
10.4
|
%
|
|
(a)
|
(b)
|
(c)
|
(d)
|
||||||||
Period
|
Total Number of
Shares
Purchased
|
Average Price
Paid per Share
|
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs (1)
|
Maximum Number (or
Approximate Dollar
Value) of Shares that
May Yet Be Purchased
Under the Plans or
Programs (1)
|
||||||||
April 1-30, 2018
|
|
600,000
|
|
|
$50.12
|
|
|
0
|
|
|
3,800,000
|
|
May 1-31, 2018
|
|
200,000
|
|
|
$51.68
|
|
|
0
|
|
|
3,600,000
|
|
June 1-30, 2018
|
|
0
|
|
|
$0.00
|
|
|
0
|
|
|
3,600,000
|
|
Total
|
|
800,000
|
|
|
$50.51
|
|
|
0
|
|
|
3,600,000
|
|
(1)
|
On July 11, 2017, our board of directors established a new authorization for us to repurchase up to 5,000,000 shares of our common stock. As of June 30, 2018, we had remaining authority to repurchase 3,600,000 shares under this authorization.
|
Exhibit Number
|
|
Description of Document
|
|
|
|
3.1
|
|
|
|
|
|
3.2
|
|
|
|
|
|
31
|
|
|
|
|
|
32
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Calculation Linkbase Document
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Definition Linkbase Document
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Label Linkbase Document
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Presentation Linkbase Document
|
|
|
|
|
|
|
FASTENAL COMPANY
|
|
|
|
|
|
|
|
|
Date: July 16, 2018
|
By:
|
|
/s/ Holden Lewis
|
|
|
|
Holden Lewis
|
|
|
|
Executive Vice President and Chief Financial Officer
|
|
|
|
(Principal Financial Officer)
|
|
|
|
|
|
|
|
|
|
|
|
|
Date: July 16, 2018
|
By:
|
|
/s/ Sheryl A. Lisowski
|
|
|
|
Sheryl A. Lisowski
|
|
|
|
Controller, Chief Accounting Officer, and
|
|
|
|
Treasurer (Duly Authorized Officer)
|
1 Year Fastenal Chart |
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