Fastenal Company (FAST) Financial Statements (2024 and earlier)

Company Profile

Business Address 2001 THEURER BLVD
WINONA, MN 55987
State of Incorp. MN
Fiscal Year End December 31
Industry (SIC) 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments221230236246175167
Cash and cash equivalents221230236246175167
Receivables1,0881,013900769742714
Inventory, net of allowances, customer advances and progress billings1,5231,7081,5241,3381,3661,279
Inventory1,5231,7081,5241,3381,3661,279
Prepaid expense 18897179
Other current assets172165188140157147
Total current assets:3,0213,1252,8572,5002,4572,316
Noncurrent Assets
Operating lease, right-of-use asset270243242243243
Property, plant and equipment1,0111,0101,0191,0311,023925
Other noncurrent assets1611711811917681
Total noncurrent assets:1,4421,4241,4421,4651,3431,005
TOTAL ASSETS:4,4634,5494,2993,9653,8003,322
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities505496531479444434
Accounts payable264255233207193194
Accrued liabilities241241298272252241
Debt 6020260401003
Other undisclosed current liabilities96929194  
Total current liabilities:661790682613545437
Noncurrent Liabilities
Long-term debt and lease obligation200353486517490497
Long-term debt, excluding current maturities200353330365342497
Liabilities, other than long-term debt2532428910299 
Deferred income tax liabilities73848910299
Other liabilities14    
Operating lease, liability179155156152148
Total noncurrent liabilities:453596575619590497
Total liabilities:1,1141,3851,2571,2321,134934
Equity
Equity, attributable to parent3,3493,1633,0422,7332,6662,303
Common stock666333
Additional paid in capital4149662673
Accumulated other comprehensive loss(55)(65)(31)(21)(38)(45)
Retained earnings3,3573,2192,9712,6902,6342,342
Total equity:3,3493,1633,0422,7332,6662,303
Other undisclosed liabilities and equity      84
TOTAL LIABILITIES AND EQUITY:4,4634,5494,2993,9653,8003,322

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues7,3476,9816,0115,6475,3344,965
Cost of revenue
(Cost of Goods and Services Sold)
(3,992)(3,765)(3,234)(3,080)(2,818)(2,566)
Gross profit:3,3553,2162,7772,5682,5152,399
Operating expenses(1,826)(1,762)(1,560)(1,426)(1,458)(1,400)
Operating income:1,5291,4541,2171,1421,057999
Interest and debt expense(11)(14)(10)(10)(14)(13)
Other undisclosed income from continuing operations before equity method investments, income taxes    100
Income from continuing operations before equity method investments, income taxes:1,5181,4391,2081,1331,044987
Other undisclosed income from continuing operations before income taxes410   
Income from continuing operations before income taxes:1,5221,4401,2081,1331,044987
Income tax expense(367)(353)(283)(274)(253)(235)
Income from continuing operations:1,1551,087925859791752
Income before gain (loss) on sale of properties:925859791752
Net income available to common stockholders, diluted:1,1551,087925859791752

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,1551,087925859791752
Other comprehensive loss      (20)
Comprehensive income:1,1551,087925859791732
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10(34)(10)176 
Comprehensive income, net of tax, attributable to parent:1,1651,053916876797732

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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