Fastenal (FAST) FY2022 results: revenue $7.0 billion, up 16.1% on the year
Fastenal Co. (FAST) reported revenue of $7.0 billion for fiscal 2022, the year ended 31 December 2022, up 16.1% on the year before. Net income was $1.1 billion, up 17.5%, and diluted earnings per share $0.94. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2023.
Revenue
$7.0 billion
+16.1% on the year
FY2015FY2022
Operating margin
20.8%
20.3% a year earlier
FY2015FY2022
Net income
$1.1 billion
+17.5% on the year
FY2015FY2022
Diluted EPS
$0.94
+18.1% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
941
770
1,102
+22.2%
Capital expenditure
174
157
168
+11.0%
Free cash flow
767
614
934
+25.1%
Free cash flow margin
11.0%
10.2%
16.5%
Cash from investing
-163
-148
-282
Cash from financing
-775
-627
-754
Depreciation and amortisation
177
171
162
+3.5%
Share-based compensation
7.2
5.6
5.7
+28.6%
Buybacks
238
0.0
52.0
Dividends paid
711
644
803
+10.5%
Dividend per share
$0.62
$0.56
$0.70
+10.7%
Diluted shares, weighted
1,151m
1,154m
1,151m
-0.3%
Shares outstanding at period end
1,142m
1,151m
1,148m
-0.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
3,163
3,042
2,733
+4.0%
Debt
555
390
405
+42.3%
Operating lease liabilities
155
156
152
-0.5%
Other liabilities
675
711
675
-5.0%
Total liabilities and equity
4,549
4,299
3,965
+5.8%
Fixed assets
1,010
1,019
1,031
-0.9%
Cash and equivalents
230
236
246
-2.6%
Receivables
1,013
900
769
+12.6%
Inventory
1,708
1,524
1,338
+12.1%
Other assets
587
620
581
-5.2%
Total assets
4,549
4,299
3,965
+5.8%
10-K for the year ended 31 December 2022, filed 7 February 2023: the filing.