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WORLD FUEL SERVICES CORP (INT)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
Revenue  59,043.131,337.020,358.336,819.039,750.333,695.527,015.830,381.4
            Revenue growth  88.4%53.9%-44.7%-7.4%18.0%24.7%-11.1%-30.0%
Cost of revenue  507.430,548.819,506.535,707.038,731.832,763.326,116.829,520.4
    Gross profit  1,089.1788.2851.81,112.01,018.5932.2899.0861.0
            Gross margin  1.8%2.5%4.2%3.0%2.6%2.8%3.3%2.8%
   
Operating expenses:          
Compensation and employee benefits   386.7366.9470.4442.1428.2413.3365.8
General and administrative  308.7247.6311.1322.2299.6306.9296.8249.5
Asset impairments  0.64.725.6  91.9  
Restructuring charges  -0.86.610.319.717.159.6  
    Total operating expenses  308.5645.6714.0812.3758.8886.6710.1615.3
    Income from operations  58,227.2142.6137.9299.7259.745.6188.9245.7
            Operating margin  98.6%0.5%0.7%0.8%0.7%0.1%0.7%0.8%
   
Non-operating income (expenses), net:          
Interest expense and other financing costs, net  -110.6-40.2-44.9-73.9-71.0-60.3-39.2-29.9
Other income (expense), net   -2.368.811.5-3.8-6.4-7.52.0
    Total non-operating income (expense), net  -128.1-42.592.7-62.4-74.8-66.7-46.7-27.9
    Income (loss) before income taxes   100.0161.7237.3    
Provision for income taxes  29.225.852.156.255.9149.215.747.2
    Net income (loss) including noncontrolling interest  231.874.2109.6181.1129.0-170.3126.4170.5
Net income (loss) attributable to noncontrolling interest  1.70.50.12.21.3-0.1 -3.9
    Net income (loss) attributable to World Fuel   73.7109.6178.9127.7-170.2126.5174.5
   
Basic earnings (loss) per common share (in dollars per share)   $1.17$1.72$2.71$1.89($2.50)$1.82$2.49
   
Basic weighted average common shares (in shares)  62.362.963.766.167.468.169.370.2
Diluted earnings (loss) per common share (in dollars per share)   $1.16$1.71$2.69$1.89($2.50)$1.81$2.47
Diluted weighted average common shares (in shares)  62.763.364.066.567.768.169.870.7
   
Comprehensive income:          
Net income (loss) including noncontrolling interest  231.874.2109.6181.1129.0-170.3126.4170.5
   
Other comprehensive income (loss):          
Foreign currency translation adjustments   -13.713.88.2-27.330.1-40.4-45.4
   
    Total other comprehensive income (loss)          
    Comprehensive income (loss) including noncontrolling interest          
Comprehensive income (loss) attributable to noncontrolling interest          
    Comprehensive income (loss) attributable to World Fuel   69.6123.3166.5123.8-142.077.9126.4

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