World Fuel Services Corporation (INT) financial statements (2020 and earlier)

Company profile

Business Address 9800 N.W. 41ST STREET
MIAMI, FL 33178
State of Incorp. FL
Fiscal Year End December 31
SIC 5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments219212372699583302292
Cash and cash equivalents219212372699583302292
Receivables2,6892,7402,7062,3441,8132,3082,539
Inventory, net of allowances, customer advances and progress billings582523505458359438655
Inventory582523505458359438655
Prepaid expense686664475877120
Derivative instruments and hedges, assets681555159227304 
Disposal group, including discontinued operation    6  
Other current assets344280242231210247210
Other undisclosed current assets0 0    
Total current assets:3,9703,9753,9403,8373,2553,6753,816
Noncurrent Assets
Finance lease, right-of-use asset15
Operating lease, right-of-use asset158
Property, plant and equipment367350330311226203130
Long-term investments and receivables 747167717084
Long-term investments 747167717084
Intangible assets, net (including goodwill)8471,0981,1251,118887870651
Goodwill847853846836676656484
Intangible assets, net (excluding goodwill) 245280282211214167
Disposal group, including discontinued operation, noncurrent assets    37 
Deferred tax assets, net 132121  
Other undisclosed noncurrent assets44218010959546359
Total noncurrent assets:1,8281,7021,6471,5761,2951,205924
Other undisclosed assets   (0)   
TOTAL ASSETS:5,7985,6775,5885,4134,5494,8804,739
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7812,7772,5852,0761,6132,0852,500
Accounts payable2,3872,4002,2401,7701,3501,8502,210
Accrued liabilities394377345306264235289
Debt1641 15261815
Disposal group, including discontinued operation    6  
Deferred tax liabilities    03
Customer advances and deposits10891118139
Other undisclosed current liabilities113118260 (0)(3)
Total current liabilities:2,9112,9362,7192,1831,7632,2412,515
Noncurrent Liabilities
Long-term debt and lease obligation, including:6716608851,171747672449
Finance lease, liability13
Operating lease, liability126
Other undisclosed long-term debt and lease obligation5326608851,171747672449
Liabilities, other than long-term debt35725024710193132129
Accounts payable and accrued liabilities205195202858882 
Accrued income taxes83
Deferred tax liabilities, net  16 4946
Disposal group, including discontinued operation, liabilities    5  
Other liabilities1525544    
Other undisclosed noncurrent liabilities   1926(30)(32)
Total noncurrent liabilities:1,0289091,1311,290865774546
Total liabilities:3,9393,8453,8503,4732,6283,0153,060
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8421,8151,7221,9251,9111,8551,674
Common stock1111111
Additional paid in capital285340355400435496495
Accumulated other comprehensive loss(154)(132)(127)(155)(113)(60)(29)
Retained earnings1,7111,6061,4931,6791,5891,4181,207
Other undisclosed stockholders' equity attributable to parent(0)(0) (0)   
Stockholders' equity attributable to noncontrolling interest1716161510105
Other undisclosed stockholders' equity 00    
Total stockholders' equity:1,8591,8321,7381,9401,9211,8651,679
TOTAL LIABILITIES AND EQUITY:5,7985,6775,5885,4134,5494,8804,739

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues37,45039,75033,69627,01630,38043,38641,562
Cost of revenue(36,362)(38,732)(32,763)(26,117)(29,519)(42,573)(40,809)
Gross profit:1,0881,019932899861814753
Operating expenses(785)(759)(887)(710)(613)(544)(488)
Operating income:30326046189247269264
Nonoperating income (expense)(80)(75)(67)(47)(28)0(18)
Investment income, nonoperating5465  3
Other nonoperating income (expense)(2)(4)(6)(8)226(0)
Interest and debt expense(83)(75)(66)78(26)(13)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes837566(7)(8)2613
Income (loss) from continuing operations before income taxes:223185(21)142219270247
Income tax expense(69)(56)(149)(16)(36)(51)(40)
Income (loss) before gain (loss) on sale of properties:154129(170)126183218207
Other undisclosed net income0      
Net income (loss):154129(170)126183218207
Net income (loss) attributable to noncontrolling interest(2)(1)0 43(4)
Net income (loss) attributable to parent:152128(170)126187222203
Other undisclosed net income available to common stockholders, basic   0   
Net income (loss) available to common stockholders, diluted:152128(170)127187222203

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):154129(170)126183218207
Other comprehensive income (loss)1(6)30(47)(49)(31)(13)
Other undisclosed comprehensive income (loss)(0)(0) 0   
Comprehensive income (loss):155123(141)80134188194
Comprehensive income (loss), net of tax, attributable to noncontrolling interest11(2)(2)(0)34
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0     (8)
Comprehensive income (loss), net of tax, attributable to parent:156124(142)78134191190

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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