What are the key financial statements included in this filing?

This filing includes the Consolidated Balance Sheets as of December 31, 2021 and 2020, Consolidated Statements of Earnings for the years ended December 31, 2021, 2020, and 2019, Consolidated Statements of Comprehensive Income, Consolidated Statements of Stockholders' Equity, and Consolidated Statements of Cash Flows for the same periods.

Who is the independent auditor, and what is their role?

The independent auditor is KPMG LLP. Their role is to examine the company's financial statements and issue a report expressing an opinion on whether these statements are presented fairly, in all material respects, in accordance with Generally Accepted Accounting Principles (GAAP).

What kind of information can be found in the 'Exhibits' section?

The exhibits section provides important supplementary documents, such as the company's Articles of Incorporation and By-Laws, details on various debt instruments (Senior Notes), executive compensation plans (Bonus Program, Stock Option Plans), credit agreements, subsidiary lists, and certifications required by the Sarbanes-Oxley Act.

What do the Sarbanes-Oxley Act certifications signify for investors?

The certifications by the CEO and CFO under Section 302 and Section 906 of the Sarbanes-Oxley Act are crucial. They indicate that management has reviewed the financial statements and disclosures, believes they are accurate and fairly presented, and that appropriate internal controls over financial reporting are in place and effective. This provides investors with an added layer of confidence in the reliability of the company's financial reporting.

FAST 10-K FY2021 Annual Report — Revenue, Net Income, EPS

Summary

Fastenal Company's 2021 Form 10-K, filed on February 9, 2022, provides a comprehensive overview of its financial position and operational activities for the fiscal year ended December 30, 2021. The filing includes detailed financial statements, such as Consolidated Balance Sheets, Statements of Earnings, Comprehensive Income, Stockholders' Equity, and Cash Flows, along with accompanying notes and an independent auditor's report from KPMG LLP. This annual report serves as a crucial document for investors seeking to understand the company's financial health, performance trends, and the underlying disclosures that support these results.

Financial Highlights

52 data points

Beta

Revenue

$6.01B

0.5% Gross Margin

Net Income

$925.00M

0.2% Net Margin

EPS (Diluted)

$0.80

Total Assets

$4.30B

Cash & Equivalents

$236.20M

Free Cash Flow

$613.50M

Financial Statements

Beta

Revenue	$6.01B
Cost of Revenue	$3.23B
Gross Profit	$2.78B
SG&A Expenses	$1.56B
Operating Income	$1.22B
Interest Expense	$9.70M
Net Income	$925.00M
EPS (Basic)	$0.81
EPS (Diluted)	$0.80
Shares Outstanding (Basic)	1.15B
Shares Outstanding (Diluted)	1.15B

Key Highlights

1The filing contains the full suite of audited financial statements for the fiscal year ended December 31, 2021, including the Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Stockholders' Equity.
2Detailed Notes to Consolidated Financial Statements are included, providing critical context and explanations for the figures presented in the primary financial statements.
3The report references an independent auditor's report from KPMG LLP, indicating that the financial statements have been audited and provide reasonable assurance regarding their accuracy.
4Numerous exhibits are listed, including material contracts, incentive plans, credit agreements, and debt instruments, offering insights into the company's financing, executive compensation, and corporate governance.
5Certifications from the CEO and CFO under Section 302 of the Sarbanes-Oxley Act of 2002 are included, attesting to the accuracy and effectiveness of internal controls over financial reporting.
6The filing also includes certifications under Section 906 of the Sarbanes-Oxley Act of 2002, providing further assurance on the fairness of financial reporting.
7Inline XBRL formatted financial statements and cover page are provided for enhanced data accessibility and analysis.

FASTENAL CO Annual Report (Amendment), Year Ended Dec 31, 2021

Summary

Financial Highlights

Key Highlights

Frequently Asked Questions