The following table presents the effect of the correction on the previously reported consolidated balance sheet as of December 31, 2015 and the statements of income and comprehensive income for the years ended 2015 and 2014. The corrections did not have an impact on net cash provided by (used in) operating activities, investing activities or financing activities as presented in the cash flow statement for the years ended 2015 and 2014.

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; 100.0 shares authorized, 70.8 and 72.1 issued and outstanding as of December 31, 2015 and December 31, 2014, respectively	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 Statements of Income and Comprehensive Income

(Unaudited - In millions, except per share data)



	For the Year ended								For the Year ended
	December 31, 2015								December 31, 2014
	As Reported			Adjustment		Revised			As Reported			Adjustment		Revised
Revenue	$	30,379.7		1.7		$	30,381.4		$	43,386.4		5.4		$	43,391.8
Cost of revenue	29,519.2			1.2		29,520.4			42,572.8			(0.1	)	42,572.7
Gross profit	860.5			0.5		861.0			813.6			5.5		819.1
Operating expenses:
Compensation and employee benefits	365.8			—		365.8			319.8			—		319.8
Provision for bad debt	7.5			—		7.5			3.8			—		3.8
General and administrative	240.0			2.1		242.1			220.9			(2.1	)	218.8
	613.3			2.0		615.3			544.5			(2.1	)	542.4
Income from operations	247.2			(1.5	)	245.7			269.1			7.6		276.7
Non-operating expenses, net:
Interest expense and other financing costs, net	(29.9		)	—		(29.9		)	(25.2		)	—		(25.2		)
Other income, net	2.0			—		2.0			25.6			(2.3	)	23.3
	(27.9		)	—		(27.9		)	0.4			(2.3	)	(1.9		)
Income before income taxes	219.3			(1.6	)	217.7			269.5			5.3		274.8
Provision for income taxes	36.3			10.9		47.2			51.1			2.5		53.6
Net income including noncontrolling interest	183.0			(12.5	)	170.5			218.4			2.7		221.1
Net (loss) attributable to noncontrolling interest	(3.9		)	—		(3.9		)	(3.3		)	—		(3.3		)
Net income attributable to World Fuel	$	186.9		(12.4	)	$	174.5		$	221.7		2.8		$	224.5

Basic earnings per common share	$	2.66		(0.17	)	$	2.49		$	3.13		0.04		$	3.17

Basic weighted average common shares	70.2			—		70.2			70.8			—		70.8

Diluted earnings per common share	$	2.64		(0.17	)	$	2.47		$	3.11		0.04		$	3.15

Diluted weighted average common shares	70.7			—		70.7			71.3			—		71.3

Comprehensive income:
Net income including noncontrolling interest	$	183.0		(12.5	)	$	170.5		$	218.4		2.7		$	221.1
Other comprehensive income (loss):
Foreign currency translation adjustments	(49.6		)	4.2		(45.4		)	(30.9		)	0.1		(30.8		)
Cash Flow hedge, net	0.6			(1.4	)	(0.8		)	—			—		—
	(49.0		)	2.8		(46.2		)	(30.9		)	0.1		(30.8		)
Comprehensive income including noncontrolling interest	134.0			(9.7	)	124.3			187.5			2.9		190.4
Comprehensive income (loss) attributable to noncontrolling interest	0.1			(8.0	)	(2.2		)	(3.3		)	—		(1.1		)
Comprehensive income attributable to World Fuel	$	133.9		(1.6	)	$	126.4		$	190.8		2.9		$	191.4