10-K/APeriod: FY2010

FASTENAL CO Annual Report (Amendment), Year Ended Dec 31, 2010

Filed February 10, 2011For Securities:FAST

Summary

Fastenal Company's 2010 10-K/A filing is an amendment primarily to include an inadvertently omitted exhibit: portions of their 2010 Annual Report to Shareholders. This amendment does not update or change the previously filed financial statements or other disclosures for the fiscal year ended December 31, 2010. For investors, this means the core financial and operational information remains as presented in the original 10-K filing. As a large accelerated filer, Fastenal's original report would have contained detailed information on its business, risk factors, financial performance, and management discussion. The primary takeaway from this amendment is simply the formal incorporation of supplementary shareholder report content. Investors seeking to understand Fastenal's performance in 2010 should refer to the original 10-K filing, as this amendment primarily addresses a procedural filing requirement.

Financial Highlights

48 data points
Beta

Revenue

$2.27B

51.8% Gross Margin

Net Income

$265.36M

11.7% Net Margin

EPS (Diluted)

$0.23

Total Assets

$1.47B

Cash & Equivalents

$143.69M

Free Cash Flow

$166.89M

Financial Statements
Beta
Revenue$2.27B
Cost of Revenue$1.09B
Gross Profit$1.17B
SG&A Expenses$745.11M
Operating Income$429.69M
Net Income$265.36M
EPS (Basic)$0.23
EPS (Diluted)$0.23
Shares Outstanding (Basic)1.18B
Shares Outstanding (Diluted)1.18B

Key Highlights

  • 1This filing is an Amendment No. 1 to the original 2010 Form 10-K, filed to include Exhibit 13 (portions of the 2010 Annual Report to Shareholders) that was inadvertently omitted.
  • 2The amendment explicitly states it does not modify or update financial statements or other disclosures from the original 10-K.
  • 3Fastenal Company is classified as a large accelerated filer.
  • 4The company's Common Stock is registered and traded on The NASDAQ Stock Market.
  • 5As of February 4, 2011, there were 147,430,712 shares of Common Stock issued and outstanding.
  • 6Portions of the company's Proxy Statement for the April 19, 2011 annual meeting and the 2010 Annual Report to Shareholders are incorporated by reference into this filing.
  • 7The amendment was signed by Daniel L. Florness, Chief Financial Officer, on February 10, 2011.

Frequently Asked Questions

The main purpose of this filing (Amendment No. 1) is to include Exhibit 13, which contains portions of Fastenal Company's 2010 Annual Report to Shareholders, that was inadvertently omitted from the original Form 10-K filing.

No, the amendment explicitly states that it does not modify or update the financial statements or any other disclosures presented in the original Form 10-K. Investors should refer to the original 10-K for the 2010 financial results.

Being a 'large accelerated filer' means that Fastenal meets certain size and reporting history requirements set by the SEC. Generally, it indicates a larger company with a public float of $700 million or more, a public reporting history of at least 12 months as an accelerated filer, and has filed at least one annual report, and meets certain market value of voting and non-voting common equity held by non-affiliates threshold. This classification implies the company is well-established and subject to more stringent SEC reporting and disclosure rules.

You should refer to the original Form 10-K filing for the fiscal year ended December 31, 2010, which was filed on or around February 9, 2011. This amendment only addresses the inclusion of an exhibit and does not alter the content of the original report.