Fastenal (FAST) FY2015 results: revenue $3.9 billion, up 3.6% on the year
Fastenal Co. (FAST) reported revenue of $3.9 billion for fiscal 2015, the year ended 31 December 2015, up 3.6% on the year before. Net income was $516 million, up 4.5%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 5 February 2016.
Revenue
$3.9 billion
+3.6% on the year
FY2008FY2015
Operating margin
21.4%
21.1% a year earlier
FY2008FY2015
Net income
$516 million
+4.5% on the year
FY2008FY2015
Diluted EPS
$0.44
+6.6% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,869
3,734
3,326
+3.6%
Cost of revenue
1,920
1,836
1,607
+4.6%
Gross profit
1,949
1,897
1,719
+2.7%
Gross margin
50.4%
50.8%
51.7%
Selling, general and administrative
1,122
1,111
1,007
+1.0%
Operating income
829
788
713
+5.2%
Operating margin
21.4%
21.1%
21.4%
Interest expense
3.1
0.9
0.1
+238.8%
Pre-tax income
826
787
713
+4.9%
Income tax
310
293
265
+5.6%
Effective tax rate
37.5%
37.2%
37.1%
Net income
516
494
449
+4.5%
Net margin
13.3%
13.2%
13.5%
Diluted EPS
$0.44
$0.41
$0.38
+6.6%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
550
499
416
+10.2%
Capital expenditure
155
189
207
-18.1%
Free cash flow
395
310
210
+27.5%
Free cash flow margin
10.2%
8.3%
6.3%
Cash from investing
-181
-189
-202
Cash from financing
-341
-250
-234
Depreciation and amortisation
86.6
72.7
64.2
+19.2%
Share-based compensation
5.8
7.0
5.4
-17.6%
Buybacks
293
52.9
9.1
+453.3%
Dividends paid
327
297
237
+10.3%
Dividend per share
$0.28
$0.25
$0.20
+12.0%
Diluted shares, weighted
1,168m
1,189m
1,191m
-1.8%
Shares outstanding at period end
1,158m
1,183m
1,187m
-2.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,801
1,915
1,773
-5.9%
Debt
365
90.0
0.0
+305.6%
Other liabilities
366
354
303
+3.5%
Total liabilities and equity
2,532
2,359
2,076
+7.3%
Fixed assets
819
764
655
+7.2%
Investments
n/a
0.0
0.5
Cash and equivalents
129
114
58.5
+12.7%
Receivables
468
462
414
+1.4%
Inventory
913
869
784
+5.1%
Other assets
203
149
164
+35.8%
Total assets
2,532
2,359
2,076
+7.3%
10-K for the year ended 31 December 2015, filed 5 February 2016: the filing.