| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues | |||||||||||
36,819,000 | 39,750,300 | 33,695,500 | 27,015,800 | 30,381,400 | 43,391,800 | 41,561,900 | 38,945,338 | 34,622,854 | 19,131,147 | 11,295,177 | 18,509,403 |
Cost of revenue | |||||||||||
35,707,000 | 38,731,800 | 32,763,300 | 26,116,800 | 29,520,400 | 42,572,700 | 40,809,100 | 38,271,891 | 33,987,851 | 18,689,006 | 10,919,586 | 18,114,020 |
Gross profit | |||||||||||
1,112,000 | 1,018,500 | 932,200 | 899,000 | 861,000 | 819,100 | 752,800 | 673,447 | 635,003 | 442,141 | 375,591 | 395,383 |
Operating expenses: | |||||||||||
Compensation and employee benefits | |||||||||||
470,400 | 442,100 | 428,200 | 413,300 | 365,800 | 319,800 | 288,000 | 237,362 | 215,275 | 162,451 | 137,408 | 140,280 |
Provision for bad debt | |||||||||||
- | - | - | - | - | 3,800 | 11,700 | 4,790 | 8,173 | 4,262 | 4,552 | 16,081 |
General and administrative | |||||||||||
322,200 | 299,600 | 306,900 | 296,800 | 249,500 | 218,800 | 188,600 | 174,272 | 154,583 | 94,562 | 79,636 | 85,282 |
Goodwill & Other Impairments | |||||||||||
0 | 0 | 91,900 | 0 | 0 | - | - | - | - | - | - | - |
Restructuring charges | |||||||||||
19,700 | 17,100 | 59,600 | 0 | 0 | - | - | - | - | - | - | - |
Total operating expenses | |||||||||||
812,300 | 758,800 | 886,600 | 710,100 | 615,300 | 542,400 | 488,300 | 416,424 | 378,031 | 261,275 | 221,596 | 241,643 |
Income from operations | |||||||||||
299,700 | 259,700 | 45,600 | 188,900 | 245,700 | 276,700 | 264,500 | 257,023 | 256,972 | 180,866 | 153,995 | 153,740 |
Non-operating expenses, net: | |||||||||||
Interest Income (Expense) and Other Financial Costs, Net | |||||||||||
-73,900 | -71,000 | -60,300 | -39,200 | -29,900 | -25,200 | -17,300 | -19,097 | -15,825 | 4,745 | 3,663 | -8,455 |
Other income (expense), net | |||||||||||
11,500 | -3,800 | -6,400 | -7,500 | 2,000 | 23,300 | -400 | 1,669 | -2,944 | 1,409 | -423 | -7,710 |
Total non-operating expenses, net | |||||||||||
-62,400 | -74,800 | -66,700 | -46,700 | -27,900 | -1,900 | -17,700 | -17,428 | -18,769 | -3,336 | -4,086 | -16,165 |
Income (loss) before income taxes | |||||||||||
237,300 | 184,900 | -21,100 | 142,100 | 217,700 | 274,800 | 246,700 | 239,595 | 238,203 | 177,530 | 149,909 | 137,575 |
Income Tax Expense (Benefit) | |||||||||||
56,200 | 55,900 | 149,200 | 15,700 | 47,200 | 53,600 | 39,500 | 38,244 | 39,001 | 31,027 | 32,346 | 32,370 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
181,100 | 129,000 | -170,300 | 126,400 | 170,500 | 221,100 | 207,200 | 201,351 | 199,202 | 146,503 | 117,563 | 105,205 |
Net income (loss) attributable to noncontrolling interest | |||||||||||
2,200 | 1,300 | -100 | 0 | -3,900 | -3,300 | 4,100 | 12,006 | 5,173 | -362 | 424 | 166 |
Net Income (Loss) Attributable to Parent | |||||||||||
178,900 | 127,700 | -170,200 | 126,500 | 174,500 | 224,500 | 203,100 | 189,345 | 194,029 | 146,865 | 117,139 | 105,039 |
Basic earnings per common share (in dollars per share) | |||||||||||
2.71 | 1.89 | -2.50 | 1.82 | 2.49 | 3.17 | 2.85 | 2.66 | 2.74 | 2.36 | 1.99 | 1.82 |
Weighted Average Number of Shares Outstanding, Basic | |||||||||||
66,100 | 67,400 | 68,100 | 69,300 | 70,200 | 70,800 | 71,200 | 71,154 | 70,687 | 62,168 | 59,003 | 57,707 |
Diluted earnings per common share (in dollars per share) | |||||||||||
2.69 | 1.89 | -2.50 | 1.81 | 2.47 | 3.15 | 2.83 | 2.64 | 2.71 | 2.31 | 1.96 | 1.80 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||||
66,500 | 67,700 | 68,100 | 69,800 | 70,700 | 71,300 | 71,800 | 71,817 | 71,510 | 63,441 | 59,901 | 58,244 |
Comprehensive income: | |||||||||||
Net income (loss) including noncontrolling interest | |||||||||||
181,100 | 129,000 | -170,300 | 126,400 | 170,500 | 221,100 | 207,200 | 201,351 | 199,202 | 146,503 | 117,563 | 105,205 |
Other comprehensive income (loss): | |||||||||||
Foreign currency translation adjustments | |||||||||||
8,200 | -27,300 | 30,100 | -40,400 | -45,400 | -30,800 | -13,200 | -9,606 | -11,277 | 958 | - | - |
Cash flow hedges, net of income tax expense of $7.4 and income tax benefit of $4.1 for the three months ended March 31, 2020 and 2019, respectively | |||||||||||
-25,500 | 21,000 | -300 | -6,600 | -800 | 0 | -100 | 112 | - | - | - | - |
Other comprehensive income (loss) | |||||||||||
-17,300 | -6,300 | 29,800 | -47,000 | -46,200 | -30,800 | -13,300 | -9,494 | -11,277 | 958 | - | - |
Comprehensive income (loss) including noncontrolling interest | |||||||||||
163,700 | 122,600 | -140,500 | 79,500 | 124,300 | 190,400 | 193,900 | 191,857 | 187,925 | 147,461 | - | - |
Comprehensive income (loss) attributable to noncontrolling interest | |||||||||||
-2,700 | -1,200 | 1,500 | 1,600 | -2,200 | -1,100 | 4,100 | 12,006 | 5,173 | -362 | - | - |
Comprehensive income (loss) attributable to World Fuel | |||||||||||
166,500 | 123,800 | -142,000 | 77,900 | 126,400 | 191,400 | 189,800 | 179,851 | 182,752 | 147,823 | - | - |