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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.03 | 0.04% | 68.17 | 60.00 | 72.50 | 68.595 | 67.68 | 67.75 | 2,802,016 | 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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|
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Minnesota
|
|
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 October 9, 2018
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Common Stock, par value $.01 per share
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287,056,618
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Page No.
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(Unaudited)
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Assets
|
September 30,
2018 |
|
December 31,
2017 |
|||
Current assets:
|
|
|
|
|||
Cash and cash equivalents
|
$
|
129.7
|
|
|
116.9
|
|
Trade accounts receivable, net of allowance for doubtful accounts of $11.7 and $11.9, respectively
|
772.5
|
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|
607.8
|
|
|
Inventories
|
1,194.7
|
|
|
1,092.9
|
|
|
Prepaid income taxes
|
2.2
|
|
|
—
|
|
|
Other current assets
|
126.4
|
|
|
118.1
|
|
|
Total current assets
|
2,225.5
|
|
|
1,935.7
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|
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|
|||
Property and equipment, net
|
883.8
|
|
|
893.6
|
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Other assets
|
84.6
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|
81.2
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|||
Total assets
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$
|
3,193.9
|
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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
|
$
|
2.5
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3.0
|
|
Accounts payable
|
186.0
|
|
|
147.5
|
|
|
Accrued expenses
|
227.6
|
|
|
194.0
|
|
|
Income taxes payable
|
—
|
|
|
6.5
|
|
|
Total current liabilities
|
416.1
|
|
|
351.0
|
|
|
|
|
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|
|||
Long-term debt
|
387.5
|
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|
412.0
|
|
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Deferred income taxes
|
74.7
|
|
|
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, 287,056,618 and 287,591,536 shares issued and outstanding, respectively
|
2.9
|
|
|
2.9
|
|
|
Additional paid-in capital
|
7.4
|
|
|
8.5
|
|
|
Retained earnings
|
2,342.0
|
|
|
2,110.6
|
|
|
Accumulated other comprehensive loss
|
(36.7
|
)
|
|
(25.1
|
)
|
|
Total stockholders' equity
|
2,315.6
|
|
|
2,096.9
|
|
|
Total liabilities and stockholders' equity
|
$
|
3,193.9
|
|
|
2,910.5
|
|
|
(Unaudited)
|
|
(Unaudited)
|
||||||||||
|
Nine Months Ended September 30,
|
|
Three Months Ended September 30,
|
||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||
Net sales
|
$
|
3,733.5
|
|
|
3,302.0
|
|
|
$
|
1,279.8
|
|
|
1,132.8
|
|
|
|
|
|
|
|
|
|
||||||
Cost of sales
|
1,922.4
|
|
|
1,669.6
|
|
|
664.0
|
|
|
576.9
|
|
||
Gross profit
|
1,811.1
|
|
|
1,632.4
|
|
|
615.8
|
|
|
555.9
|
|
||
|
|
|
|
|
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|
||||||
Operating and administrative expenses
|
1,045.8
|
|
|
955.0
|
|
|
353.8
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|
327.5
|
|
||
Gain on sale of property and equipment
|
(0.5
|
)
|
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(1.1
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)
|
|
(0.3
|
)
|
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(0.1
|
)
|
||
Operating income
|
765.8
|
|
|
678.5
|
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|
262.3
|
|
|
228.5
|
|
||
|
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|
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|
||||||
Interest income
|
0.3
|
|
|
0.3
|
|
|
0.1
|
|
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0.1
|
|
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Interest expense
|
(8.9
|
)
|
|
(6.5
|
)
|
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(3.0
|
)
|
|
(2.6
|
)
|
||
|
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||||||
Earnings before income taxes
|
757.2
|
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|
672.3
|
|
|
259.4
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|
|
226.0
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||
|
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|
||||||
Income tax expense
|
174.1
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|
|
246.1
|
|
|
61.8
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|
|
82.9
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||
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|
||||||
Net earnings
|
$
|
583.1
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|
|
426.2
|
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$
|
197.6
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|
143.1
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||||||
Basic net earnings per share
|
$
|
2.03
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|
1.48
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$
|
0.69
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0.50
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||||||
Diluted net earnings per share
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$
|
2.03
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1.48
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$
|
0.69
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0.50
|
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|
||||||
Basic weighted average shares outstanding
|
287.3
|
|
|
288.5
|
|
|
287.0
|
|
|
287.5
|
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||
|
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|
||||||
Diluted weighted average shares outstanding
|
287.5
|
|
|
288.6
|
|
|
287.3
|
|
|
287.6
|
|
|
(Unaudited)
|
|
(Unaudited)
|
||||||||||
|
Nine Months Ended September 30,
|
|
Three Months Ended September 30,
|
||||||||||
|
2018
|
|
2017
|
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2018
|
|
2017
|
||||||
Net earnings
|
$
|
583.1
|
|
|
426.2
|
|
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$
|
197.6
|
|
|
143.1
|
|
Other comprehensive income, net of tax:
|
|
|
|
|
|
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|
||||||
Foreign currency translation adjustments (net of tax of $0.0 in 2018 and 2017)
|
(11.6
|
)
|
|
19.2
|
|
|
(0.8
|
)
|
|
8.2
|
|
||
Comprehensive income
|
$
|
571.5
|
|
|
445.4
|
|
|
$
|
196.8
|
|
|
151.3
|
|
|
(Unaudited)
|
|||||
|
Nine Months Ended September 30,
|
|||||
|
2018
|
|
2017
|
|||
Cash flows from operating activities:
|
|
|
|
|||
Net earnings
|
$
|
583.1
|
|
|
426.2
|
|
Adjustments to reconcile net earnings to net cash provided by operating activities, net of acquisitions:
|
|
|
|
|||
Depreciation of property and equipment
|
99.3
|
|
|
92.3
|
|
|
Gain on sale of property and equipment
|
(0.5
|
)
|
|
(1.1
|
)
|
|
Bad debt expense
|
5.1
|
|
|
6.2
|
|
|
Deferred income taxes
|
24.1
|
|
|
2.3
|
|
|
Stock-based compensation
|
3.8
|
|
|
4.0
|
|
|
Amortization of intangible assets
|
3.0
|
|
|
2.8
|
|
|
Changes in operating assets and liabilities, net of acquisitions:
|
|
|
|
|||
Trade accounts receivable
|
(172.0
|
)
|
|
(126.2
|
)
|
|
Inventories
|
(104.9
|
)
|
|
(31.2
|
)
|
|
Other current assets
|
(8.3
|
)
|
|
(15.2
|
)
|
|
Accounts payable
|
38.5
|
|
|
35.9
|
|
|
Accrued expenses
|
33.6
|
|
|
42.3
|
|
|
Income taxes
|
(8.7
|
)
|
|
19.5
|
|
|
Other
|
0.1
|
|
|
(1.9
|
)
|
|
Net cash provided by operating activities
|
496.2
|
|
|
455.9
|
|
|
|
|
|
|
|||
Cash flows from investing activities:
|
|
|
|
|||
Purchases of property and equipment
|
(97.1
|
)
|
|
(82.7
|
)
|
|
Proceeds from sale of property and equipment
|
8.3
|
|
|
6.2
|
|
|
Cash paid for acquisitions
|
(3.7
|
)
|
|
(58.7
|
)
|
|
Other
|
(6.4
|
)
|
|
(3.0
|
)
|
|
Net cash used in investing activities
|
(98.9
|
)
|
|
(138.2
|
)
|
|
|
|
|
|
|||
Cash flows from financing activities:
|
|
|
|
|||
Proceeds from debt obligations
|
640.0
|
|
|
805.0
|
|
|
Payments against debt obligations
|
(665.0
|
)
|
|
(750.0
|
)
|
|
Proceeds from exercise of stock options
|
11.3
|
|
|
3.5
|
|
|
Purchases of common stock
|
(40.4
|
)
|
|
(82.6
|
)
|
|
Payments of dividends
|
(327.5
|
)
|
|
(277.1
|
)
|
|
Net cash used in financing activities
|
(381.6
|
)
|
|
(301.2
|
)
|
|
|
|
|
|
|||
Effect of exchange rate changes on cash and cash equivalents
|
(2.9
|
)
|
|
4.2
|
|
|
|
|
|
|
|||
Net increase in cash and cash equivalents
|
12.8
|
|
|
20.7
|
|
|
|
|
|
|
|||
Cash and cash equivalents at beginning of period
|
116.9
|
|
|
112.7
|
|
|
Cash and cash equivalents at end of period
|
$
|
129.7
|
|
|
133.4
|
|
|
|
|
|
|||
Supplemental disclosure of cash flow information:
|
|
|
|
|||
Cash paid for interest
|
$
|
8.9
|
|
|
6.1
|
|
Net cash paid for income taxes
|
$
|
158.0
|
|
|
223.8
|
|
|
Nine-month Period
|
|
Three-month Period
|
||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||
United States
|
$
|
3,226.0
|
|
|
2,897.4
|
|
|
$
|
1,104.9
|
|
|
989.0
|
|
Canada
|
228.4
|
|
|
190.3
|
|
|
76.6
|
|
|
67.0
|
|
||
Other foreign countries
|
279.1
|
|
|
214.3
|
|
|
98.3
|
|
|
76.8
|
|
||
Total revenues
|
$
|
3,733.5
|
|
|
3,302.0
|
|
|
$
|
1,279.8
|
|
|
1,132.8
|
|
|
Nine-month Period
|
|
Three-month Period
|
||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||
Manufacturing
|
66.7
|
%
|
|
66.5
|
%
|
|
66.4
|
%
|
|
66.5
|
%
|
Non-Residential construction
|
13.1
|
%
|
|
13.0
|
%
|
|
13.4
|
%
|
|
13.0
|
%
|
Other
|
20.2
|
%
|
|
20.5
|
%
|
|
20.2
|
%
|
|
20.5
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
|
Nine-month Period
|
Three-month Period
|
||||||
Type
|
Introduced
|
2018
|
2017
|
2018
|
2017
|
||||
Fasteners
(2)
|
1967
|
35.1
|
%
|
35.8
|
%
|
34.7
|
%
|
35.6
|
%
|
Tools
|
1993
|
10.1
|
%
|
10.1
|
%
|
10.1
|
%
|
10.3
|
%
|
Cutting tools
|
1996
|
5.7
|
%
|
5.8
|
%
|
5.7
|
%
|
5.8
|
%
|
Hydraulics & pneumatics
|
1996
|
6.9
|
%
|
6.8
|
%
|
6.7
|
%
|
6.7
|
%
|
Material handling
|
1996
|
5.8
|
%
|
6.0
|
%
|
5.7
|
%
|
5.8
|
%
|
Janitorial supplies
|
1996
|
7.6
|
%
|
7.3
|
%
|
7.8
|
%
|
7.4
|
%
|
Electrical supplies
|
1997
|
4.6
|
%
|
4.9
|
%
|
4.6
|
%
|
4.8
|
%
|
Welding supplies
|
1997
|
4.1
|
%
|
4.2
|
%
|
4.1
|
%
|
4.2
|
%
|
Safety supplies
(3)
|
1999
|
17.0
|
%
|
16.1
|
%
|
17.3
|
%
|
16.4
|
%
|
Other
|
|
3.1
|
%
|
3.0
|
%
|
3.3
|
%
|
3.0
|
%
|
|
|
100.0
|
%
|
100.0
|
%
|
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
|
0.40
|
|
|
0.32
|
|
|
Total
|
$
|
1.54
|
|
|
1.28
|
|
|
Options
Granted
|
|
Option Exercise
(Strike) Price
|
|
Closing Stock Price on Date
of Grant
|
|
September 30, 2018
|
|||||||||
Date of Grant
|
|
|
|
Options
Outstanding
|
|
Options
Exercisable
|
||||||||||
January 2, 2018
|
541,786
|
|
|
$
|
55.00
|
|
|
$
|
54.54
|
|
|
525,525
|
|
|
21,185
|
|
January 3, 2017
|
764,789
|
|
|
$
|
47.00
|
|
|
$
|
46.95
|
|
|
683,528
|
|
|
—
|
|
April 19, 2016
|
845,440
|
|
|
$
|
46.00
|
|
|
$
|
45.74
|
|
|
706,116
|
|
|
—
|
|
April 21, 2015
|
893,220
|
|
|
$
|
42.00
|
|
|
$
|
41.26
|
|
|
630,784
|
|
|
130,318
|
|
April 22, 2014
|
955,000
|
|
|
$
|
56.00
|
|
|
$
|
50.53
|
|
|
519,750
|
|
|
314,000
|
|
April 16, 2013
|
205,000
|
|
|
$
|
54.00
|
|
|
$
|
49.25
|
|
|
91,249
|
|
|
57,506
|
|
April 17, 2012
|
1,235,000
|
|
|
$
|
54.00
|
|
|
$
|
49.01
|
|
|
828,750
|
|
|
716,250
|
|
April 19, 2011
|
410,000
|
|
|
$
|
35.00
|
|
|
$
|
31.78
|
|
|
52,850
|
|
|
40,350
|
|
April 20, 2010
|
530,000
|
|
|
$
|
30.00
|
|
|
$
|
27.13
|
|
|
33,150
|
|
|
33,150
|
|
Total
|
6,380,235
|
|
|
|
|
|
|
4,071,702
|
|
|
1,312,759
|
|
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
|
|
|
Nine-month Period
|
|
Three-month Period
|
||||||||
Reconciliation
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||
Basic weighted average shares outstanding
|
287,263,379
|
|
|
288,451,470
|
|
|
287,006,910
|
|
|
287,456,943
|
|
Weighted shares assumed upon exercise of stock options
|
195,029
|
|
|
140,104
|
|
|
256,312
|
|
|
121,100
|
|
Diluted weighted average shares outstanding
|
287,458,408
|
|
|
288,591,574
|
|
|
287,263,222
|
|
|
287,578,043
|
|
|
Nine-month Period
|
|
Three-month Period
|
||||||||||
Summary of Anti-dilutive Options Excluded
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||
Options to purchase shares of common stock
|
1,597,342
|
|
|
3,881,605
|
|
|
1,534,795
|
|
|
3,848,126
|
|
||
Weighted average exercise price of options
|
$
|
55.02
|
|
|
49.21
|
|
|
$
|
55.02
|
|
|
49.18
|
|
|
September 30, 2018
|
|
December 31, 2017
|
|||
Outstanding loans under unsecured revolving credit facility
|
$
|
255.0
|
|
|
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
|
390.0
|
|
|
415.0
|
|
|
Less: Current portion of debt
|
(2.5
|
)
|
|
(3.0
|
)
|
|
Long-term debt
|
$
|
387.5
|
|
|
412.0
|
|
|
|
|
|
|||
Outstanding letters of credit under unsecured revolving credit facility - contingent obligation
|
$
|
36.3
|
|
|
36.3
|
|
|
|
|
|
|
Change Since:
|
|
|
|
Change Since:
|
|||||
|
Q3 2018
|
|
Q4
2017 |
|
Q4
2017 |
|
Q3 2017
|
|
Q3 2017
|
|||||
In-market locations
- absolute employee headcount
|
13,749
|
|
|
13,424
|
|
|
2.4
|
%
|
|
13,298
|
|
|
3.4
|
%
|
Total absolute employee headcount
|
21,182
|
|
|
20,565
|
|
|
3.0
|
%
|
|
20,242
|
|
|
4.6
|
%
|
|
|
|
|
|
|
|
|
|
|
|||||
Number of public branch locations
|
2,261
|
|
|
2,383
|
|
|
-5.1
|
%
|
|
2,418
|
|
|
-6.5
|
%
|
Number of active Onsite locations
|
828
|
|
|
605
|
|
|
36.9
|
%
|
|
555
|
|
|
49.2
|
%
|
Number of in-market locations
|
3,089
|
|
|
2,988
|
|
|
3.4
|
%
|
|
2,973
|
|
|
3.9
|
%
|
Industrial vending devices (installed count)
(1)
|
78,706
|
|
|
71,421
|
|
|
10.2
|
%
|
|
69,058
|
|
|
14.0
|
%
|
Ratio of industrial vending devices to in-market locations
|
25:1
|
|
|
24:1
|
|
|
|
|
23:1
|
|
|
|
|
Nine-month Period
|
|
Three-month Period
|
||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||
Net sales
|
$
|
3,733.5
|
|
|
3,302.0
|
|
|
$
|
1,279.8
|
|
|
1,132.8
|
|
Percentage change
|
13.1
|
%
|
|
9.6
|
%
|
|
13.0
|
%
|
|
11.8
|
%
|
||
Business days
|
191
|
|
|
191
|
|
|
63
|
|
|
63
|
|
||
Daily sales
|
$
|
19.5
|
|
|
17.3
|
|
|
$
|
20.3
|
|
|
18.0
|
|
Percentage change
|
13.1
|
%
|
|
10.1
|
%
|
|
13.0
|
%
|
|
13.6
|
%
|
||
Daily sales impact of currency fluctuations
|
0.2
|
%
|
|
0.0
|
%
|
|
-0.4
|
%
|
|
0.3
|
%
|
||
Daily sales impact of acquisitions
|
0.4
|
%
|
|
0.9
|
%
|
|
0.1
|
%
|
|
1.3
|
%
|
|
Nine-month Period
|
|
Three-month Period
|
||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||
Fastener product line
|
35.1
|
%
|
|
35.8
|
%
|
|
34.7
|
%
|
|
35.6
|
%
|
Other product lines
|
64.9
|
%
|
|
64.2
|
%
|
|
65.3
|
%
|
|
64.4
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
100.0
|
%
|
|
Approximate Percentage of Total Operating and Administrative Expenses
|
Nine-month Period
|
|
Three-month Period
|
||
|
2018
|
|
2018
|
|||
Employee-related expenses
|
65% to 70%
|
11.5
|
%
|
|
10.3
|
%
|
Occupancy-related expenses
|
15% to 20%
|
4.3
|
%
|
|
2.3
|
%
|
Selling transportation expenses
|
5%
|
13.6
|
%
|
|
10.7
|
%
|
|
|
|
|
|
Change Since:
|
|
|
|
Change Since:
|
|||||
|
Q3
|
|
Q4
|
|
Q4
|
|
Q3
|
|
Q3
|
|||||
|
2018
|
|
2017
|
|
2017
|
|
2017
|
|
2017
|
|||||
In-market locations
|
11,995
|
|
|
11,549
|
|
|
3.9
|
%
|
|
11,480
|
|
|
4.5
|
%
|
Total selling (includes in-market locations)
|
13,716
|
|
|
13,225
|
|
|
3.7
|
%
|
|
13,118
|
|
|
4.6
|
%
|
Distribution
|
2,716
|
|
|
2,525
|
|
|
7.6
|
%
|
|
2,502
|
|
|
8.6
|
%
|
Manufacturing
|
681
|
|
|
619
|
|
|
10.0
|
%
|
|
604
|
|
|
12.7
|
%
|
Administrative
|
1,201
|
|
|
1,150
|
|
|
4.4
|
%
|
|
1,105
|
|
|
8.7
|
%
|
Total
|
18,314
|
|
|
17,519
|
|
|
4.5
|
%
|
|
17,329
|
|
|
5.7
|
%
|
|
Nine-month Period
|
|||||
|
2018
|
|
2017
|
|||
Net cash provided by operating activities
|
$
|
496.2
|
|
|
455.9
|
|
Percentage of net earnings
|
85.1
|
%
|
|
107.0
|
%
|
|
Net cash used in investing activities
|
$
|
98.9
|
|
|
138.2
|
|
Net cash used in financing activities
|
$
|
381.6
|
|
|
301.2
|
|
|
|
September 30
|
Twelve-month Dollar Change
|
Twelve-month Percentage Change
|
||||||||||
|
|
2018
|
|
2017
|
|
2018
|
|
2018
|
||||||
Accounts receivable, net
|
|
$
|
772.5
|
|
|
632.1
|
|
|
$
|
140.4
|
|
|
22.2
|
%
|
Inventories
|
|
1,194.7
|
|
|
1,047.0
|
|
|
147.7
|
|
|
14.1
|
%
|
||
Total
|
|
$
|
1,967.2
|
|
|
1,679.1
|
|
|
$
|
288.1
|
|
|
17.2
|
%
|
|
|
|
|
|
|
|
|
|
||||||
Net sales in last two months
|
|
$
|
868.2
|
|
|
782.8
|
|
|
$
|
85.4
|
|
|
10.9
|
%
|
|
(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)
|
||||||||
July 1-31, 2018
|
|
0
|
|
|
$0.00
|
|
|
0
|
|
|
3,600,000
|
|
August 1-31, 2018
|
|
0
|
|
|
$0.00
|
|
|
0
|
|
|
3,600,000
|
|
September 1-30, 2018
|
|
0
|
|
|
$0.00
|
|
|
0
|
|
|
3,600,000
|
|
Total
|
|
0
|
|
|
$0.00
|
|
|
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 September 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: October 16, 2018
|
By:
|
|
/s/ Holden Lewis
|
|
|
|
Holden Lewis
|
|
|
|
Executive Vice President and Chief Financial Officer
|
|
|
|
(Principal Financial Officer)
|
|
|
|
|
|
|
|
|
|
|
|
|
Date: October 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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