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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Total revenue $ 15,661.3 $ 8,350.9 $ 45,165.4 $ 21,394.2
Cost of revenue 15,339.0 8,153.4 44,358.7 20,821.3
Gross profit 322.3 197.5 806.7 573.0
Operating expenses:        
Compensation and employee benefits 141.1 93.5 374.3 273.9
General and administrative 81.7 60.6 238.8 177.4
Asset impairments 0.0 0.0 0.0 4.7
Restructuring charges (0.8) 1.7 (0.8) 6.8
Total operating expenses 222.0 155.8 612.3 462.7
Income from operations 100.3 41.7 194.4 110.2
Non-operating income (expenses), net:        
Interest expense and other financing costs, net (34.0) (10.4) (74.8) (29.2)
Other income (expense), net (3.5) 1.0 (1.9) (1.6)
Total non-operating income (expense), net (37.5) (9.4) (76.7) (30.7)
Income (loss) before income taxes 62.8 32.3 117.7 79.5
Provision for income taxes 18.9 10.0 22.7 20.8
Net income (loss) including noncontrolling interest 43.9 22.3 95.0 58.7
Net income (loss) attributable to noncontrolling interest 1.4 0.6 1.8 0.5
Net income (loss) attributable to World Fuel $ 42.5 $ 21.7 $ 93.2 $ 58.2
Basic earnings (loss) per common share $ 0.69 $ 0.34 $ 1.49 $ 0.92
Basic weighted average common shares 62.0 63.0 62.5 63.1
Diluted earnings (loss) per common share $ 0.68 $ 0.34 $ 1.48 $ 0.92
Diluted weighted average common shares 62.3 63.3 62.8 63.6
Comprehensive income:        
Net income (loss) including noncontrolling interest $ 43.9 $ 22.3 $ 95.0 $ 58.7
Other comprehensive income (loss):        
Foreign currency translation adjustments (32.4) (11.3) (77.5) (10.6)
Cash flow hedges, net of income tax expense (benefit) of $5.5 and ($2.8) for the three months ended September 30, 2022 and 2021, respectively, and net of income tax expense (benefit) of $8.3 and ($0.2) for the nine months ended September 30, 2022 and 2021, respectively 15.1 (8.2) 22.9 (0.5)
Total other comprehensive income (loss) (17.2) (19.5) (54.6) (11.0)
Comprehensive income (loss) including noncontrolling interest 26.7 2.8 40.4 47.7
Comprehensive income (loss) attributable to noncontrolling interest 1.4 0.6 1.8 0.5
Comprehensive income (loss) attributable to World Fuel $ 25.3 $ 2.2 $ 38.6 $ 47.2