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Acquisitions and Significant Accounting Policies (Tables) (2014 Acquisitions)
 9 Months Ended
Sep. 30, 2014
2014 Acquisitions
  
Acquisitions  
Reconciliation of the estimated aggregate purchase price for the acquisitions to the cash paid for the acquisitions, net of cash acquired

 

 

 

 

 

 

 

 

Estimated purchase price

     

$
238,523 

Less: Cash acquired

 

 
16,167 

Estimated purchase price, net of cash acquired

 

 
222,356 

Less: Promissory notes issued

 

 
9,000 

Less: Amounts due to sellers

 

 
789 

Cash paid for acquisition of businesses

 

$
212,567 

 

Schedule of estimated purchase price allocation for the acquisition

 

 

 

 

 

 

 

 

Assets acquired:

 

 

 

Cash and cash equivalents

    

$
16,167 

Accounts receivable

 

 
256,627 

Inventories

 

 
14,412 

Property and equipment

 

 
61,960 

Identifiable intangible assets

 

 
61,031 

Goodwill

 

 
126,962 

Other current and long-term assets

 

 
21,275 

Liabilities assumed:

 

 

 

Accounts payable

 

 
(247,377)

Accrued expenses and other current liabilities

 

 
(58,771)

Other long-term liabilities

 

 
(11,908)

 

 

 

 

Initial noncontrolling interest upon acquisition of joint venture

 

 
(1,855)

Estimated purchase price

 

$
238,523 

 

Schedule of unaudited pro forma results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months ended

 

For the Nine Months ended

 

 

September 30,

 

September 30,

 

    

2014

    

2013

    

2014

    

2013

 

 

(pro forma)

 

(pro forma)

 

(pro forma)

 

(pro forma)

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
11,748,457 

 

$
11,127,729 

 

$
34,289,238 

 

$
33,031,887 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to World Fuel

 

$
56,350 

 

$
51,786 

 

$
158,778 

 

$
160,417 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.80 

 

$
0.73 

 

$
2.24 

 

$
2.25 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$
0.79 

 

$
0.72 

 

$
2.23 

 

$
2.23