XML 19 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenue $ 39,750.3 $ 33,695.5 $ 27,015.8
Cost of revenue 38,731.8 32,763.3 26,116.8
Gross profit 1,018.5 932.2 899.0
Operating expenses:      
Compensation and employee benefits 442.1 428.2 413.3
General and administrative 299.6 306.9 296.8
Goodwill and other impairments 0.0 91.9 0.0
Restructuring charges   59.6 0.0
Total operating expenses 758.8 886.6 710.1
Income from operations 259.7 45.6 188.9
Non-operating expenses, net:      
Interest expense and other financing costs, net (71.0) (60.3) (39.2)
Other income (expense), net (3.8) (6.4) (7.5)
Total non-operating expenses, net (74.8) (66.7) (46.7)
Income (loss) before income taxes 184.9 (21.1) 142.1
Provision for income taxes 55.9 149.2 15.7
Net income (loss) including noncontrolling interest 129.0 (170.3) 126.4
Net income attributable to noncontrolling interest 1.3 (0.1) 0.0
Net income (loss) attributable to World Fuel $ 127.7 $ (170.2) $ 126.5
Basic earnings (loss) per common share (in dollars per share) $ 1.89 $ (2.50) $ 1.82
Basic weighted average common shares (in shares) 67.4 68.1 69.3
Diluted earnings (loss) per common share (in dollars per share) $ 1.89 $ (2.50) $ 1.81
Diluted weighted average common shares (in shares) 67.7 68.1 69.8
Comprehensive income:      
Net income (loss) including noncontrolling interest $ 129.0 $ (170.3) $ 126.4
Other comprehensive income (loss):      
Foreign currency translation adjustments (27.3) 30.1 (40.4)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 21.0 (0.3) (6.6)
Other comprehensive income (loss): (6.3) 29.8 (47.0)
Comprehensive income (loss) including noncontrolling interest 122.6 (140.5) 79.5
Comprehensive income (loss) attributable to noncontrolling interest (1.2) 1.5 1.6
Comprehensive income (loss) attributable to World Fuel $ 123.8 $ (142.0) $ 77.9