$FAST

FASTENAL CO

CIK:0000815556|SEC Filings

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 2,386.9	$ 2,080.3	$ 4,588.6	$ 4,039.7
Cost of sales	1,323.3	1,137.5	2,542.0	2,213.0
Gross profit	1,063.6	942.8	2,046.6	1,826.7
Selling, general, and administrative expenses	561.8	506.7	1,097.2	996.7
Operating income	501.8	436.1	949.4	830.0
Interest income	1.5	2.7	3.1	3.6
Interest expense	(1.2)	(2.2)	(2.1)	(3.8)
Income before income taxes	502.1	436.6	950.4	829.8
Income tax expense	119.3	106.3	227.8	200.9
Net income	$ 382.8	$ 330.3	$ 722.6	$ 628.9
Basic net income per share (in dollars per share)	$ 0.33	$ 0.29	$ 0.63	$ 0.55
Diluted net income per share (in dollars per share)	$ 0.33	$ 0.29	$ 0.63	$ 0.55
Basic weighted average shares outstanding (in shares)	1,147,550,923	1,147,492,218	1,147,852,954	1,147,216,127
Diluted weighted average shares outstanding (in shares)	1,150,281,044	1,150,100,651	1,150,590,276	1,149,827,083

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 382.8	$ 330.3	$ 722.6	$ 628.9
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment	42.8	42.4	84.8	84.4
Loss (gain) on sale of property and equipment	(0.8)	(1.3)	0.2	(1.6)
Bad debt expense	1.9	0.2	3.3	1.9
Deferred income taxes	0.2	0.7	(1.6)	1.4
Stock-based compensation	2.6	2.0	5.2	4.1
Amortization of intangible assets	2.7	2.7	5.4	5.4
Changes in operating assets and liabilities:
Trade accounts receivable, net	(116.0)	(36.4)	(320.2)	(206.4)
Inventories	(44.8)	(41.2)	7.7	(67.7)
Other current assets	(17.9)	15.5	2.4	25.6
Accounts payable	37.4	(20.6)	84.1	24.7
Accrued expenses	45.7	38.9	28.6	30.1
Income taxes	(68.0)	(58.4)	24.2	12.5
Other	(3.0)	3.8	(2.4)	(2.5)
Net cash provided by operating activities	265.7	278.6	644.1	540.8
Cash flows from investing activities:
Purchases of property and equipment	(64.1)	(69.3)	(123.0)	(125.0)
Proceeds from sale of property and equipment	3.6	5.0	4.8	6.9
Other	(2.0)	(0.1)	(2.0)	(0.2)
Net cash used in investing activities	(62.5)	(64.4)	(120.2)	(118.3)
Cash flows from financing activities:
Proceeds from debt obligations	360.0	520.0	407.0	675.0
Payments against debt obligations	(365.0)	(490.0)	(412.0)	(645.0)
Proceeds from exercise of stock options	2.8	6.1	10.4	17.3
Purchases of common stock	(30.0)	0.0	(50.3)	0.0
Cash dividends paid	(275.4)	(252.5)	(550.9)	(499.1)
Net cash used in financing activities	(307.6)	(216.4)	(595.9)	(451.8)
Effect of exchange rate changes on cash and cash equivalents	0.5	8.2	(0.1)	11.3
Net (decrease) increase in cash and cash equivalents	(103.9)	6.0	(72.0)	(18.0)
Cash and cash equivalents at beginning of period	308.6	231.8	276.8	255.8
Cash and cash equivalents at end of period	204.7	237.8	204.7	237.8
Supplemental information:
Cash paid for interest	1.3	2.7	2.0	4.2
Net cash paid for income taxes	187.0	163.4	203.0	185.3
Leased assets obtained in exchange for new operating lease liabilities	$ 31.0	$ 42.7	$ 63.0	$ 73.2

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 204.7	$ 276.8
Trade accounts receivable, net of allowance for credit losses of $6.8 and $5.3, respectively	1,557.4	1,245.3
Inventories	1,735.2	1,748.0
Prepaid income taxes	9.1	20.1
Other current assets	179.0	181.9
Total current assets	3,685.5	3,472.1
Property and equipment, net	1,158.0	1,131.6
Operating lease right-of-use assets	313.4	309.0
Other assets	136.7	140.2
Total assets	5,293.5	5,052.9
Current liabilities:
Current portion of debt	70.0	25.0
Accounts payable	399.8	316.8
Accrued expenses	288.7	264.7
Current portion of operating lease liabilities	107.0	106.1
Income taxes payable	16.2	3.0
Total current liabilities	881.8	715.6
Long-term debt	50.0	100.0
Operating lease liabilities	214.5	210.8
Deferred income taxes	65.7	67.4
Other long-term liabilities	12.7	15.5
Commitments and contingencies (Notes 3, 5, 6, and 8)
Stockholders' equity:
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding	0.0	0.0
Common stock: $0.01 par value, 1,600,000,000 shares authorized, 1,147,494,415 and 1,148,057,473 shares issued and outstanding, respectively	11.5	11.5
Additional paid-in capital	80.7	115.5
Retained earnings	4,039.4	3,867.7
Accumulated other comprehensive loss	(62.7)	(51.1)
Total stockholders' equity	4,068.8	3,943.6
Total liabilities and stockholders' equity	$ 5,293.5	$ 5,052.9