Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions |
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| Income Statement [Abstract] |
|
|
| Revenue |
$ 9,181.3
|
$ 8,194.3
|
| Cost of revenue |
8,937.9
|
7,962.9
|
| Gross profit |
243.4
|
231.4
|
| Operating expenses: |
|
|
| Compensation and employee benefits |
113.9
|
104.5
|
| General and administrative |
72.3
|
76.6
|
| Total operating expenses |
186.2
|
181.1
|
| Income from operations |
57.2
|
50.3
|
| Non-operating expenses, net: |
|
|
| Interest expense and other financing costs, net |
(16.3)
|
(12.7)
|
| Other expense, net |
(2.3)
|
(1.6)
|
| Total non-operating expenses, net |
(18.6)
|
(14.3)
|
| Income before income taxes |
38.6
|
36.1
|
| Provision for income taxes |
7.3
|
5.0
|
| Net income including noncontrolling interest |
31.3
|
31.1
|
| Net income (loss) attributable to noncontrolling interest |
0.1
|
(0.3)
|
| Net income attributable to World Fuel |
$ 31.2
|
$ 31.3
|
| Basic earnings per common share (in dollars per share) |
$ 0.46
|
$ 0.46
|
| Basic weighted average common shares (in shares) |
67.5
|
68.7
|
| Diluted earnings per common share (in dollars per share) |
$ 0.46
|
$ 0.45
|
| Diluted weighted average common shares (in shares) |
67.9
|
69.2
|
| Comprehensive income: |
|
|
| Net income including noncontrolling interest |
$ 31.3
|
$ 31.1
|
| Other comprehensive income (loss): |
|
|
| Foreign currency translation adjustments |
10.2
|
6.4
|
| Cash flow hedges, net of income tax benefit of $4.2 and income tax expense of $6.5 for the three months ended March 31, 2018 and 2017, respectively |
(9.7)
|
10.5
|
| Other comprehensive income |
0.5
|
16.9
|
| Comprehensive income including noncontrolling interest |
31.8
|
48.0
|
| Comprehensive loss attributable to noncontrolling interest |
(0.3)
|
(0.1)
|
| Comprehensive income attributable to World Fuel |
$ 32.1
|
$ 48.0
|