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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 658.8 $ 186.1
Accounts receivable, net of allowance for credit losses of $53.8 million and $35.5 million as of December 31, 2020 and 2019, respectively 1,238.4 2,891.9
Inventories 344.3 593.3
Prepaid expenses 51.1 80.6
Short-term derivative assets, net 66.4 59.5
Other current assets 280.4 358.8
Total current assets 2,639.3 4,170.1
Property and equipment, net 342.6 360.9
Goodwill 858.6 843.7
Identifiable intangible and other non-current assets 659.8 617.7
Total assets 4,500.3 5,992.4
Current liabilities:    
Current maturities of long-term debt 22.9 54.1
Accounts payable 1,214.7 2,602.7
Customer deposits 155.8 126.7
Accrued expenses and other current liabilities 290.6 378.9
Total current liabilities 1,684.0 3,162.4
Long-term debt 501.8 574.7
Non-current income tax liabilities, net 215.5 210.1
Other long-term liabilities 186.1 151.3
Total liabilities 2,587.4 4,098.5
Commitments and contingencies
World Fuel shareholders' equity:    
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued 0.0 0.0
Common stock, $0.01 par value; 100.0 shares authorized, 62.9 and 65.2 issued and outstanding as of December 31, 2020 and 2019, respectively 0.6 0.7
Capital in excess of par value 204.6 274.7
Retained earnings 1,836.7 1,761.3
Accumulated other comprehensive loss (132.6) (146.3)
Total World Fuel shareholders' equity 1,909.3 1,890.4
Noncontrolling interest 3.6 3.5
Total equity 1,912.9 1,893.9
Total liabilities and equity $ 4,500.3 $ 5,992.4