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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Consolidated Statements of Income and Comprehensive Income        
Revenue $ 7,810.7 $ 11,713.5 $ 23,647.8 $ 33,606.8
Cost of revenue 7,584.0 11,498.9 23,015.2 33,012.7
Gross profit 226.7 214.6 632.6 594.1
Operating expenses:        
Compensation and employee benefits 94.2 85.2 270.5 233.6
Provision for bad debt 1.6 1.2 5.2 3.5
General and administrative 64.5 54.1 177.6 158.8
Total operating expenses 160.3 140.5 453.3 395.9
Income from operations 66.4 74.1 179.3 198.2
Non-operating expenses, net:        
Interest expense and other financing costs, net (7.9) (8.8) (21.5) (17.8)
Other income, net 1.9 2.6 0.5 5.9
Total non-operating expenses, net (6.0) (6.2) (21.0) (11.9)
Income before income taxes 60.4 67.9 158.3 186.3
Provision for income taxes 11.8 13.4 26.8 35.0
Net income including noncontrolling interest 48.6 54.5 131.5 151.3
Net loss attributable to noncontrolling interest (1.0) (1.2) (3.6) (3.3)
Net income attributable to World Fuel $ 49.6 $ 55.7 $ 135.1 $ 154.6
Basic earnings per common share (in dollars per share) $ 0.71 $ 0.79 $ 1.92 $ 2.18
Basic weighted average common shares (in shares) 70.0 70.8 70.5 70.8
Diluted earnings per common share (in dollars per share) $ 0.71 $ 0.78 $ 1.90 $ 2.17
Diluted weighted average common shares (in shares) 70.3 71.3 71.0 71.3
Comprehensive income:        
Net income including noncontrolling interest $ 48.6 $ 54.5 $ 131.5 $ 151.3
Other comprehensive income (loss):        
Foreign currency translation adjustments (31.0) (17.3) (42.8) (8.4)
Cash flow hedges, net of income tax benefit of $0.7 for the three and nine months ended September 30, 2015, respectively (1.1)   (1.1)  
Other comprehensive income (loss) (32.1) (17.3) (43.9) (8.4)
Comprehensive income including noncontrolling interest 16.5 37.2 87.6 142.9
Comprehensive income (loss) attributable to noncontrolling interest 1.1 (1.2) 1.0 (3.3)
Comprehensive income attributable to World Fuel $ 15.4 $ 38.4 $ 86.6 $ 146.2