XML 33 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 396,591 $ 292,061
Accounts receivable, net 2,921,830 2,538,642
Inventories 702,617 655,046
Prepaid expenses 110,860 120,205
Other current assets 275,208 209,547
Total current assets 4,407,106 3,815,501
Property and equipment, net 197,357 129,685
Goodwill 577,157 483,591
Identifiable intangible and other non-current assets 356,910 310,500
Total assets 5,538,530 4,739,277
Current liabilities:    
Short-term debt 14,940 14,647
Accounts payable 2,567,656 2,210,427
Customer deposits 186,546 111,068
Accrued expenses and other current liabilities 202,768 178,373
Total current liabilities 2,971,910 2,514,515
Long-term debt 678,592 449,064
Non-current income tax liabilities, net 83,876 82,532
Other long-term liabilities 19,372 14,272
Total liabilities 3,753,750 3,060,383
Commitments and contingencies      
World Fuel shareholders' equity:    
Preferred stock, $1.00 par value; 100 shares authorized, none issued      
Common stock, $0.01 par value; 100,000 shares authorized, 72,279 and 71,883 issued and outstanding as of June 30, 2014 and December 31, 2013, respectively 723 719
Capital in excess of par value 498,648 495,199
Retained earnings 1,300,949 1,207,299
Accumulated other comprehensive loss (20,428) (29,319)
Total World Fuel shareholders' equity 1,779,892 1,673,898
Noncontrolling interest equity 4,888 4,996
Total equity 1,784,780 1,678,894
Total liabilities and equity $ 5,538,530 $ 4,739,277