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Acquisitions and Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2015
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

     

$
80.1

Less: Cash acquired

 

 
1.2

Estimated purchase price, net of cash acquired

 

 
78.9

Less: Amounts due to sellers

 

 
0.9

Cash paid for acquisition of businesses

 

$
78.0

 

Schedule of estimated purchase price allocation for the acquisition

 

 

 

 

Assets acquired:

 

 

 

Cash and cash equivalents

    

$
1.2

Accounts receivable

 

 
5.8

Inventories

 

 
7.4

Property and equipment

 

 
39.7

Identifiable intangible assets

 

 
16.6

Goodwill

 

 
25.4

Other current and long-term assets

 

 
5.1

Liabilities assumed:

 

 

 

Short-term debt

 

 
(0.5)

Accounts payable

 

 
(9.9)

Accrued expenses and other current liabilities

 

 
(3.9)

Non-current income tax liabilities and other long term liabilities

 

 
(6.8)

Estimated purchase price

 

$
80.1

 

2015 & 2014 Acquisitions  
Acquisitions  
Schedule of unaudited pro forma results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months ended

 

 

For the Nine Months ended

 

 

 

September 30,

 

 

September 30,

 

 

 
2015

 

 
2014

 

 
2015

 

 
2014

 

 

 

(pro forma)

 

 

(pro forma)

 

 

(pro forma)

 

 

(pro forma)

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$
7,948.7

 

$
11,977.6

 

$
24,071.1

 

$
34,914.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to World Fuel

 

$
52.0

 

$
60.0

 

$
139.9

 

$
164.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.74

 

$
0.85

 

$
1.98

 

$
2.33

Diluted

 

$
0.74

 

$
0.84

 

$
1.97

 

$
2.31

 

2014 Acquisitions  
Acquisitions  
Schedule of unaudited pro forma results

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months ended

 

For the Nine Months ended

 

 

September 30, 2014

 

September 30, 2014

 

 

 

 

 

(pro forma)

 

 

 

 

(pro forma)

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

 

$
11,748.5

 

 

 

$
34,289.2

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to World Fuel

 

 

 

$
56.4

 

 

 

$
158.8

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

$
0.80

 

 

 

$
2.24

Diluted

 

 

 

$
0.79

 

 

 

$
2.23