Fastenal (FAST) FY2012 results: revenue $3.1 billion, up 13.3% on the year
Fastenal Co. (FAST) reported revenue of $3.1 billion for fiscal 2012, the year ended 31 December 2012, up 13.3% on the year before. Net income was $421 million, up 17.5%, and diluted earnings per share $0.35. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2013.
Revenue
$3.1 billion
+13.3% on the year
FY2007FY2012
Operating margin
21.5%
20.8% a year earlier
FY2007FY2012
Net income
$421 million
+17.5% on the year
FY2007FY2012
Diluted EPS
$0.35
+17.4% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
3,134
2,767
2,269
+13.3%
Cost of revenue
1,519
1,333
1,095
+14.0%
Gross profit
1,615
1,434
1,175
+12.6%
Gross margin
51.5%
51.8%
51.8%
Selling, general and administrative
941
859
745
+9.5%
Operating income
674
575
430
+17.2%
Operating margin
21.5%
20.8%
18.9%
Interest expense
0.0
0.0
n/a
Pre-tax income
674
575
431
+17.2%
Income tax
254
217
165
+16.8%
Effective tax rate
37.6%
37.8%
38.4%
Net income
421
358
265
+17.5%
Net margin
13.4%
12.9%
11.7%
Diluted EPS
$0.35
$0.30
$0.23
+17.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
396
268
240
+47.6%
Capital expenditure
138
120
73.6
+15.3%
Free cash flow
258
148
167
+73.7%
Free cash flow margin
8.2%
5.4%
7.4%
Cash from investing
-107
-112
-80.0
Cash from financing
-328
-182
-183
Depreciation and amortisation
54.1
44.7
40.8
+20.9%
Share-based compensation
4.8
4.0
4.0
+18.5%
Buybacks
0.0
0.0
0.0
Dividends paid
367
192
183
+91.6%
Dividend per share
$0.31
$0.16
$0.31
+90.8%
Diluted shares, weighted
1,189m
1,183m
590m
+0.4%
Shares outstanding at period end
1,186m
1,181m
590m
+0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,560
1,459
1,283
+6.9%
Debt
0.0
n/a
n/a
Other liabilities
255
226
186
+13.1%
Total liabilities and equity
1,816
1,685
1,468
+7.8%
Fixed assets
516
436
363
+18.6%
Investments
0.4
27.2
31.2
-98.7%
Cash and equivalents
79.6
118
144
-32.3%
Receivables
372
339
270
+9.9%
Inventory
715
646
557
+10.7%
Other assets
132
120
102
+10.1%
Total assets
1,816
1,685
1,468
+7.8%
10-K for the year ended 31 December 2012, filed 7 February 2013: the filing.