Fastenal (FAST) FY2016 results: revenue $4.0 billion, up 2.4% on the year
Fastenal Co. (FAST) reported revenue of $4.0 billion for fiscal 2016, the year ended 31 December 2016, up 2.4% on the year before. Net income was $499 million, down 3.3%, and diluted earnings per share $0.43. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2019.
Revenue
$4.0 billion
+2.4% on the year
FY2009FY2016
Operating margin
20.1%
21.4% a year earlier
FY2009FY2016
Net income
$499 million
-3.3% on the year
FY2009FY2016
Diluted EPS
$0.43
-2.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,962
3,869
3,734
+2.4%
Cost of revenue
1,997
1,920
1,836
+4.0%
Gross profit
1,965
1,949
1,897
+0.8%
Gross margin
49.6%
50.4%
50.8%
Selling, general and administrative
1,169
1,122
1,111
+4.3%
Operating income
796
829
788
-4.0%
Operating margin
20.1%
21.4%
21.1%
Interest expense
6.5
3.1
0.9
+109.8%
Pre-tax income
790
826
787
-4.4%
Income tax
290
310
293
-6.3%
Effective tax rate
36.8%
37.5%
37.2%
Net income
499
516
494
-3.3%
Net margin
12.6%
13.3%
13.2%
Diluted EPS
$0.43
$0.44
$0.41
-2.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
520
550
499
-5.5%
Capital expenditure
189
155
189
+22.1%
Free cash flow
330
395
310
-16.4%
Free cash flow margin
8.3%
10.2%
8.3%
Cash from investing
-188
-181
-189
Cash from financing
-347
-341
-250
Depreciation and amortisation
104
86.6
72.7
+20.2%
Share-based compensation
4.1
5.8
7.0
-29.3%
Buybacks
59.4
293
52.9
-79.7%
Dividends paid
347
327
297
+6.0%
Dividend per share
$0.30
$0.28
$0.25
+7.1%
Diluted shares, weighted
1,157m
1,168m
1,189m
-1.0%
Shares outstanding at period end
1,157m
1,158m
1,183m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,933
1,801
1,915
+7.3%
Debt
390
365
90.0
+6.8%
Other liabilities
346
366
354
-5.6%
Total liabilities and equity
2,669
2,532
2,359
+5.4%
Fixed assets
900
819
764
+9.9%
Investments
n/a
n/a
0.0
Cash and equivalents
113
129
114
-12.6%
Receivables
500
468
462
+6.7%
Inventory
993
913
869
+8.7%
Other assets
164
203
149
-19.3%
Total assets
2,669
2,532
2,359
+5.4%
10-K for the year ended 31 December 2016, filed 6 February 2019: the filing.