|
Consolidated Statements of Income and Comprehensive Income (USD $) In Millions, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Consolidated Statements of Income and Comprehensive Income |
|
|
| Revenue |
$ 7,340.7 |
$ 10,550.9 |
| Cost of revenue |
7,125.3 |
10,362.9 |
| Gross profit |
215.4 |
188.0 |
| Operating expenses: |
|
|
| Compensation and employee benefits |
88.6 |
71.1 |
| Provision for bad debt |
1.3 |
1.1 |
| General and administrative |
54.0 |
51.5 |
| Total operating expenses |
143.9 |
123.7 |
| Income from operations |
71.5 |
64.3 |
| Non-operating expenses, net: |
|
|
| Interest expense and other financing costs, net |
(7.3) |
(4.4) |
| Other income, net |
0.3 |
1.9 |
| Total non-operating expenses, net |
(7.0) |
(2.5) |
| Income before income taxes |
64.5 |
61.8 |
| Provision for income taxes |
9.9 |
11.3 |
| Net income including noncontrolling interest |
54.6 |
50.5 |
| Net loss attributable to noncontrolling interest |
(1.0) |
(0.2) |
| Net income attributable to World Fuel |
55.6 |
50.7 |
| Basic earnings per common share (in dollars per share) |
$ 0.79 |
$ 0.72 |
| Basic weighted average common shares (in shares) |
70.7 |
70.7 |
| Diluted earnings per common share (in dollars per share) |
$ 0.78 |
$ 0.71 |
| Diluted weighted average common shares (in shares) |
71.4 |
71.4 |
| Comprehensive income: |
|
|
| Net income including noncontrolling interest |
54.6 |
50.5 |
| Other comprehensive (loss) income: |
|
|
| Foreign currency translation adjustments |
(33.8) |
3.5 |
| Other comprehensive (loss) income |
(33.8) |
3.5 |
| Comprehensive income including noncontrolling interest |
20.8 |
54.0 |
| Comprehensive income (loss) attributable to noncontrolling interest |
1.2 |
(0.2) |
| Comprehensive income attributable to World Fuel |
$ 19.6 |
$ 54.2 |