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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, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenue $ 9,322.7 $ 10,429.5 $ 27,460.9 $ 29,761.7
Cost of revenue 9,017.0 10,162.8 26,635.6 29,005.4
Gross profit 305.7 266.7 825.3 756.3
Operating expenses:        
Compensation and employee benefits 129.2 117.9 353.3 342.0
General and administrative 82.8 70.6 232.9 217.8
Total operating expenses 212.0 188.5 586.2 559.8
Income from operations 93.6 78.2 239.2 196.4
Non-operating expenses, net:        
Interest expense and other financing costs, net (19.5) (18.3) (59.1) (52.5)
Other income (expense), net (3.3) 1.9 (0.3) (2.0)
Total non-operating expenses, net (22.8) (16.4) (59.4) (54.5)
Income before income taxes 70.9 61.8 179.8 142.0
Provision for income taxes 21.5 23.0 55.5 42.7
Net income including noncontrolling interest 49.4 38.7 124.3 99.2
Net income attributable to noncontrolling interest 1.2 0.6 1.9 1.1
Net income attributable to World Fuel $ 48.2 $ 38.2 $ 122.4 $ 98.1
Basic earnings per common share (in dollars per share) $ 0.74 $ 0.57 $ 1.84 $ 1.45
Basic weighted average common shares (in shares) 65.3 67.5 66.4 67.5
Diluted earnings per common share (in dollars per share) $ 0.73 $ 0.56 $ 1.84 $ 1.45
Diluted weighted average common shares (in shares) 65.7 67.7 66.7 67.8
Comprehensive income:        
Net income including noncontrolling interest $ 49.4 $ 38.7 $ 124.3 $ 99.2
Other comprehensive loss:        
Foreign currency translation adjustments (11.5) (4.7) (17.4) (23.0)
Cash flow hedges, net of income tax expense of $2.8 and income tax benefit of $3.5 for the three months ended September 30, 2019 and 2018 respectively and net of income tax benefit of $2.4 and $5.2 for the nine months ended September 30, 2019 and 2018, respectively 7.9 (5.6) (6.8) (8.4)
Other comprehensive loss (3.6) (10.3) (24.2) (31.4)
Comprehensive income including noncontrolling interest 45.8 28.5 100.1 67.8
Comprehensive income (loss) attributable to noncontrolling interest (0.8) 0.1 (1.5) (1.2)
Comprehensive income attributable to World Fuel $ 46.6 $ 28.4 $ 101.6 $ 69.1