WORLD FUEL SERVICES CORPORATION INT Income Statement

World fuel services corporation (INT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
36,155,400	36,819,000	37,449,600	38,556,400	39,247,800	39,750,300	38,633,600	36,747,100	34,682,500	33,695,500	32,615,700	31,472,500	30,019,300	27,015,800	25,957,200	26,368,100	28,231,500	30,381,400	33,432,700	37,335,500	40,181,600	43,391,800	44,011,506	42,791,667	41,928,771	41,561,900	41,093,107	40,511,119	39,650,312	38,945,338	38,333,472	37,932,591	37,022,503	34,622,854	31,127,684	26,603,966	22,292,532	19,131,147	16,505,023	14,051,289	0	0	0
Cost of revenue
35,035,700	35,707,000	36,361,900	37,507,700	38,221,600	38,731,800	37,647,500	35,787,800	33,738,300	32,763,300	31,691,100	30,551,100	29,110,400	26,116,800	25,052,000	25,472,900	27,364,400	29,520,400	32,575,200	36,490,100	39,335,100	42,572,700	43,221,784	42,030,204	41,170,350	40,809,100	40,372,592	39,796,193	38,951,721	38,271,891	37,661,076	37,270,100	36,367,033	33,987,851	30,531,320	26,066,342	21,812,441	18,689,006	16,091,797	13,658,602	0	0	0
Gross profit
1,119,600	1,112,000	1,087,600	1,048,600	1,026,200	1,018,500	986,200	959,400	944,200	932,200	924,600	921,400	908,900	899,000	905,200	895,200	867,100	861,000	857,500	845,400	846,500	819,100	789,722	761,463	758,421	752,800	720,515	714,926	698,591	673,447	672,396	662,491	655,470	635,003	596,364	537,624	480,091	442,141	413,226	392,687	0	0	0
Operating expenses:
Compensation and employee benefits
464,500	470,400	453,300	442,000	438,300	442,100	455,800	445,500	437,600	428,200	421,500	420,500	421,900	413,300	401,700	389,300	373,100	365,800	356,400	347,400	337,300	319,800	307,342	294,326	289,671	288,000	275,167	268,826	252,264	237,362	232,667	224,039	222,733	215,275	204,863	190,696	174,719	162,451	149,108	141,139	0	0	0
Provision for bad debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,800	7,900	7,700	-	5,500	5,100	4,000	3,800	9,525	10,188	11,697	11,700	6,052	7,820	5,752	4,790	5,837	4,628	7,518	8,173	7,849	6,524	4,689	4,262	4,936	4,303	0	0	0
General and administrative
335,300	322,200	314,700	302,500	297,900	299,600	299,700	300,100	302,600	306,900	321,600	320,900	310,300	296,800	272,200	266,400	258,600	249,500	237,600	227,200	221,300	218,800	210,035	204,026	195,194	188,600	185,055	177,194	175,867	174,272	166,811	166,866	164,516	154,583	142,509	125,099	106,417	94,562	86,033	83,056	0	0	0
Total operating expenses
819,500	812,300	785,100	761,600	753,300	758,800	907,000	897,100	891,700	886,600	737,600	737,400	730,700	710,100	674,200	656,100	631,900	615,300	599,500	579,700	562,600	542,400	526,902	508,540	496,562	488,300	466,274	453,840	433,883	416,424	405,315	395,533	394,767	378,031	355,221	322,319	285,825	261,275	240,077	228,498	0	0	0
Income from operations
300,100	299,700	302,400	287,000	272,900	259,700	79,300	62,400	52,500	45,600	186,900	183,800	178,200	188,900	231,000	239,200	235,200	245,700	258,000	265,700	283,900	276,700	262,820	252,923	261,859	264,500	254,241	261,086	264,708	257,023	267,081	266,958	260,703	256,972	241,143	215,305	194,266	180,866	173,149	164,189	0	0	0
Non-operating expenses, net:
Interest Income (Expense) and Other Financial Costs, Net
-69,900	-73,900	-77,600	-76,400	-74,100	-71,000	-70,500	-68,000	-63,900	-60,300	-55,500	-50,000	-44,300	-39,200	-34,300	-31,900	-30,200	-29,900	-28,900	-29,800	-28,100	-25,200	-22,382	-18,162	-18,041	-17,300	-17,512	-17,237	-18,095	-19,097	-41,842	-32,746	-23,011	-15,825	15,169	11,367	7,910	4,745	429	-1,363	0	0	0
Other income (expense), net
13,300	11,500	-2,100	3,100	-1,100	-3,800	-3,300	-6,100	-7,100	-6,400	-13,800	-12,400	-10,400	-7,500	2,600	4,000	3,000	2,000	17,900	18,600	21,700	23,300	6,807	3,072	1,380	-400	-854	1,119	1,223	1,669	1,026	-1,455	-1,450	-2,944	-1,665	-231	445	1,409	-158	293	0	0	0
Total non-operating expenses, net
-56,600	-62,400	-79,700	-73,300	-75,200	-74,800	-73,800	-74,100	-71,000	-66,700	-69,300	-62,400	-54,700	-46,700	-31,700	-27,900	-27,200	-27,900	-11,000	-11,200	-6,400	-1,900	-15,575	-15,090	-16,661	-17,700	-18,366	-16,118	-16,872	-17,428	-17,588	-20,555	-19,411	-18,769	-15,554	-10,318	-6,185	-3,336	-3,389	-2,752	0	0	0
Income (loss) before income taxes
243,600	237,300	222,700	213,600	197,600	184,900	5,300	-11,900	-18,600	-21,100	117,600	121,400	123,400	142,100	199,300	211,300	208,000	217,700	247,000	254,500	277,500	274,800	247,145	237,733	245,098	246,700	235,875	244,968	247,836	239,595	249,493	246,403	241,292	238,203	225,589	204,987	188,081	177,530	169,760	161,437	0	0	0
Income Tax Expense (Benefit)
58,200	56,200	68,700	70,200	62,600	55,900	99,700	159,300	151,500	149,200	92,300	15,100	17,600	15,700	30,600	42,900	40,400	47,200	50,900	46,600	52,200	53,600	42,310	37,101	38,509	39,500	37,085	43,577	43,920	38,244	40,137	36,103	35,201	39,001	40,179	37,045	33,761	31,027	33,398	33,506	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
185,400	181,100	154,100	143,400	135,000	129,000	-94,600	-171,200	-170,100	-170,300	25,500	106,400	105,900	126,400	168,600	168,300	167,500	170,500	196,000	207,800	225,200	221,100	204,835	200,632	206,589	207,200	198,790	201,391	203,916	201,351	209,356	210,300	206,091	199,202	185,410	167,942	154,320	146,503	136,362	127,931	0	0	0
Net income (loss) attributable to noncontrolling interest
2,300	2,200	2,000	1,400	1,300	1,300	600	600	300	-100	500	200	-200	0	-400	-1,700	-3,000	-3,900	-3,600	-3,800	-4,100	-3,300	-1,652	-1,627	1,514	4,100	4,741	7,320	12,261	12,006	12,785	12,568	6,756	5,173	2,013	445	49	-362	-145	437	0	0	0
Net Income (Loss) Attributable to Parent
183,100	178,900	152,000	142,000	133,700	127,700	-94,900	-171,600	-170,300	-170,200	24,800	106,000	106,000	126,500	169,200	170,200	170,700	174,500	199,700	211,700	229,400	224,500	206,487	202,259	205,075	203,100	194,049	194,071	191,655	189,345	196,571	197,732	199,335	194,029	183,397	167,497	154,271	146,865	136,507	127,494	0	0	0
Basic earnings per common share (in dollars per share)
0.64	0.86	0.74	0.56	0.55	0.44	0.57	0.42	0.46	-2.83	-0.57	0.44	0.46	0.03	0.62	0.43	0.74	0.65	0.62	0.43	0.79	0.98	0.79	0.68	0.72	0.74	0.72	0.71	0.68	0.61	0.72	0.68	0.65	0.70	0.74	0.71	0.59	0.56	0.61	0.62	0.57	0.49	0.47
Weighted Average Number of Shares Outstanding, Basic
64,900	65,300	65,300	66,700	67,100	66,900	67,500	67,700	67,500	67,400	67,900	68,400	68,700	69,100	69,100	69,500	69,500	69,400	70,000	70,700	70,700	70,900	70,800	70,800	70,700	70,625	71,371	71,516	71,288	71,229	71,216	71,173	70,998	70,983	70,939	70,856	69,970	69,434	60,496	59,418	59,324	59,156	58,864
Diluted earnings per common share (in dollars per share)
0.63	0.86	0.73	0.55	0.55	0.45	0.56	0.42	0.46	-2.82	-0.57	0.44	0.45	0.03	0.61	0.43	0.74	0.64	0.62	0.43	0.78	0.98	0.78	0.68	0.71	0.72	0.72	0.71	0.68	0.59	0.72	0.68	0.65	0.69	0.74	0.70	0.58	0.54	0.60	0.61	0.56	0.48	0.46
Weighted Average Number of Shares Outstanding, Diluted
65,400	65,900	65,700	67,000	67,400	67,200	67,700	68,000	67,900	66,300	68,200	68,700	69,200	69,700	69,500	70,000	70,000	69,900	70,300	71,200	71,400	71,100	71,300	71,400	71,400	71,306	71,877	72,018	71,999	71,911	71,816	71,767	71,774	71,913	71,587	71,558	70,982	70,815	61,663	60,685	60,601	60,162	59,846
Comprehensive income:
Net income (loss) including noncontrolling interest
185,400	181,100	154,100	143,400	135,000	129,000	-94,600	-171,200	-170,100	-170,300	25,500	106,400	105,900	126,400	168,600	168,300	167,500	170,500	196,000	207,800	225,200	221,100	204,835	200,632	206,589	207,200	198,790	201,391	203,916	201,351	209,356	210,300	206,091	199,202	185,410	167,942	154,320	146,503	136,362	127,931	0	0	0
Other comprehensive income (loss):
Foreign currency translation adjustments
-25,000	8,200	-21,500	-14,700	-37,300	-27,300	-22,800	-5,900	33,900	30,100	17,200	-9,600	-35,300	-40,400	-33,400	-46,200	-10,300	-45,400	-62,200	-52,100	-68,100	-30,800	-12,625	4,796	-10,809	-13,200	-9,763	-10,623	-11,304	-9,606	-10,415	-20,497	-9,171	-11,277	0	0	0	-	-	-	-	-	-
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
8,100	-25,500	22,500	9,000	18,800	21,000	-10,500	-13,600	-20,500	-300	-2,100	-1,100	4,100	-6,600	-3,800	0	0	-	0	-	-	-	-	-	-	-100	2	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income (loss)
-16,900	-17,300	1,000	-5,700	-18,500	-6,300	-33,300	-19,500	13,400	29,800	15,300	-10,600	-31,100	-47,000	-36,000	-42,100	-11,400	-46,200	-63,300	-52,100	-68,100	-30,800	-12,640	4,771	-10,840	-13,300	-9,823	-10,586	-11,261	-9,494	-19,552	0	0	-	0	-	-	-	-	-	-	-	-
Comprehensive income (loss) including noncontrolling interest
168,500	163,700	154,900	137,600	116,400	122,600	-127,800	-190,700	-156,700	-140,500	40,700	95,800	74,800	79,500	132,800	126,300	156,200	124,300	132,800	155,800	157,200	190,400	192,195	205,403	195,749	193,900	188,967	190,805	192,655	191,857	199,028	189,803	196,920	187,925	0	0	0	-	-	-	-	-	-
Comprehensive income (loss) attributable to noncontrolling interest
-1,900	-2,700	-1,500	-600	-1,700	-1,200	-1,900	-900	1,300	1,500	1,800	2,100	0	1,600	900	-1,700	-1,900	-2,200	900	900	300	-1,100	-1,652	-1,627	1,514	4,100	4,741	7,320	12,261	12,006	12,785	12,568	6,756	5,173	0	0	0	-	-	-	-	-	-
Comprehensive income (loss) attributable to World Fuel
170,600	166,500	156,300	138,100	118,000	123,800	-125,700	-189,600	-157,900	-142,000	38,700	93,500	74,700	77,900	131,800	127,900	158,000	126,400	131,800	154,800	156,800	191,400	193,847	207,030	194,235	189,800	184,226	183,485	180,394	179,851	186,243	177,235	190,164	182,752	0	0	0	-	-	-	-	-	-