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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenue $ 9,459.4 $ 10,150.8 $ 18,138.2 $ 19,332.2
Cost of revenue 9,190.8 9,904.7 17,618.5 18,842.6
Gross profit 268.6 246.2 519.7 489.6
Operating expenses:        
Compensation and employee benefits 113.9 110.2 224.0 224.1
General and administrative 79.5 74.9 150.1 147.2
Total operating expenses 193.4 185.1 374.1 371.3
Income from operations 75.2 61.1 145.6 118.3
Non-operating expenses, net:        
Interest expense and other financing costs, net (20.2) (17.9) (39.6) (34.2)
Other income (expense), net 2.6 (1.6) 3.0 (3.9)
Total non-operating expenses, net (17.6) (19.5) (36.6) (38.1)
Income before income taxes 57.6 41.6 109.0 80.2
Provision for income taxes 20.0 12.4 34.0 19.7
Net income including noncontrolling interest 37.6 29.2 74.9 60.5
Net income attributable to noncontrolling interest 0.6 0.5 0.7 0.6
Net income attributable to World Fuel $ 37.0 $ 28.7 $ 74.2 $ 59.9
Basic earnings per common share (in dollars per share) $ 0.56 $ 0.42 $ 1.11 $ 0.89
Basic weighted average common shares (in shares) 66.7 67.7 66.9 67.6
Diluted earnings per common share (in dollars per share) $ 0.55 $ 0.42 $ 1.10 $ 0.88
Diluted weighted average common shares (in shares) 67.0 68.0 67.2 67.9
Comprehensive income:        
Net income including noncontrolling interest $ 37.6 $ 29.2 $ 74.9 $ 60.5
Other comprehensive income (loss):        
Foreign currency translation adjustments (6.0) (28.6) (5.9) (18.3)
Cash flow hedges, net of income tax benefit of $1.1 and net of income tax expense of $3.1 for the three months ended June 30, 2019 and 2018 respectively and net of income tax benefit of $5.2 and $1.1 for the six months ended June 30, 2019 and 2018, respectively (2.9) 6.9 (14.7) (2.8)
Other comprehensive income (loss) (8.9) (21.7) (20.6) (21.1)
Comprehensive income including noncontrolling interest 28.7 7.5 54.3 39.3
Comprehensive income (loss) attributable to noncontrolling interest 0.0 (1.1) (0.7) (1.3)
Comprehensive income attributable to World Fuel $ 28.7 $ 8.6 $ 55.0 $ 40.7