Consolidated Balance Sheets

(Unaudited - In millions, except per share data)





	As of December 31, 2015
	As
	Reported		Adjustment	Revised
Assets:
Current assets:
Cash and cash equivalents	$	582.5	-	$	582.5
Accounts receivable, net		1,812.6	-		1,812.6
Inventories		359.1	-		359.1
Prepaid expenses		57.9	-		57.9
Short-term derivative assets, net		227.2	(6.8)		220.4
Other current assets		209.8	(1.8)		208.0
Current assets held for sale		5.5	-		5.5
Total current assets		3,254.6	(8.6)		3,246.0

Property and equipment, net		225.6	-		225.6
Goodwill		675.8	-		675.8
Identifiable intangible and other non-current assets		356.9	(15.5)		341.4
Non-current assets held for sale		36.5	-		36.5
Total assets	$	4,549.4	(24.1)	$	4,525.3

Liabilities:
Current liabilities:
Short-term debt	$	25.5	-	$	25.5
Accounts payable		1,349.6	-		1,349.6
Customer deposits		118.3	-		118.3
Accrued expenses and other current liabilities		263.8	(8.6)		255.2
Current liabilities held for sale		5.6	-		5.6
Total current liabilities		1,762.8	(8.6)		1,754.2

Long-term debt		746.7	-		746.7
Non-current income tax liabilities, net		87.7	-		87.7
Other long-term liabilities		25.8	-		25.8
Non-current liabilities held for sale		5.0	-		5.0
Total liabilities		2,628.0	(8.6)		2,619.4

Commitments and contingencies

Equity:
World Fuel shareholders' equity:
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued		—	-		—
Common stock, $0.01 par value; 100 shares authorized, 70.8 issued and outstanding as of December 31, 2015		0.7	-		0.7
Capital in excess of par value		435.3	-		435.3
Retained earnings		1,588.6	(19.2)		1,569.4
Accumulated other comprehensive loss		(113.2)	3.7		(109.5)
Total World Fuel shareholders' equity		1,911.4	(15.5)		1,895.9
Noncontrolling interest equity		10.0	-		10.0
Total equity		1,921.4	(15.5)		1,905.9
Total liabilities and equity	$	4,549.4	(24.1)	$	4,525.3

Consolidated Statement of Income and Comprehensive Income

(Unaudited - In millions, except per share data)



	For the Three Months ended					For the Six Months ended
	June 30, 2015					June 30, 2015
	As Reported		Adjustment	Revised		As Reported		Adjustment	Revised
Revenue	$	8,496.4	—	$	8,496.4	$	15,837.1	—	$	15,837.1
Cost of revenue		8,306.0	—		8,306.0		15,431.3	1.8		15,433.1
Gross profit		190.4	—		190.4		405.8	(1.8)		404.0
Operating expenses:
Compensation and employee benefits		87.5	—		87.5		176.2	—		176.2
Provision for bad debt		2.3	—		2.3		3.6	—		3.6
General and administrative		59.0	—		59.0		113.0	2.0		115.0
		148.8	—		148.8		292.8	2.0		294.8
Income from operations		41.6	—		41.6		113.0	(3.8)		109.2
Non-operating expenses, net:
Interest expense and other financing costs, net		(6.4)	—		(6.4)		(13.7)	—		(13.7)
Other (expense), net		(1.6)	—		(1.6)		(1.3)	—		(1.3)
		(8.0)	—		(8.0)		(15.0)	—		(15.0)
Income before income taxes		33.6	—		33.6		98.0	(3.8)		94.2
Provision for income taxes		5.2	(0.6)		4.6		15.1	0.8		15.9
Net income including noncontrolling interest		28.4	0.6		29.0		82.9	(4.6)		78.3
Net loss attributable to noncontrolling interest		(1.5)	—		(1.5)		(2.6)	—		(2.6)
Net income attributable to World Fuel	$	29.9	0.6	$	30.5	$	85.5	(4.6)	$	80.9

Basic earnings per common share	$	0.42	0.01	$	0.43	$	1.21	(0.07)	$	1.14

Basic weighted average common shares		70.7	—		70.7		70.7	—		70.7

Diluted earnings per common share	$	0.42	0.01	$	0.43	$	1.20	(0.06)	$	1.13

Diluted weighted average common shares		71.2	—		71.2		71.3	—		71.3

Comprehensive income:
Net income including noncontrolling interest	$	28.4	0.6	$	29.0	$	82.9	(4.6)	$	78.3
Other comprehensive income (loss):			—					—
Foreign currency translation adjustments		22.0	(0.6)		21.4		(11.8)	1.2		(10.6)
Other comprehensive income (loss)		22.0	(0.6)		21.4		(11.8)	1.2		(10.6)
Comprehensive income including noncontrolling interest		50.4	—		50.4		71.1	(3.4)		67.7
Comprehensive loss attributable to noncontrolling interest		(1.2)	—		(1.2)		(0.1)	—		(0.1)
Comprehensive income attributable to World Fuel	$	51.6	—	$	51.6	$	71.2	(3.4)	$	67.8