World Fuel Services Corporation (INT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 186212372699583302
Cash and cash equivalents 186212372699583302
Receivables1,2382,8922,7402,7062,3441,8132,308
Inventory, net of allowances, customer advances and progress billings344593523505458359438
Inventory344593523505458359438
Prepaid expense51816664475877
Derivative instruments and hedges, assets66601555159227304
Disposal group, including discontinued operation     6 
Other current assets280359280242231210247
Other undisclosed current assets659(0) 0   
Total current assets:2,6394,1703,9753,9403,8373,2553,675
Noncurrent Assets
Finance lease, right-of-use asset1718
Operating lease, right-of-use asset141154
Property, plant and equipment343170350330311226203
Long-term investments and receivables 857471677170
Long-term investments 857471677170
Intangible assets, net (including goodwill)1,0611,0651,0981,1251,118887870
Goodwill859844853846836676656
Intangible assets, net (excluding goodwill)203222245280282211214
Disposal group, including discontinued operation, noncurrent assets     37 
Deferred income tax assets 21
Deferred tax assets, net 132121 
Other undisclosed noncurrent assets299310180109595463
Total noncurrent assets:1,8611,8221,7021,6471,5761,2951,205
Other undisclosed assets    (0)  
TOTAL ASSETS:4,5005,9925,6775,5885,4134,5494,880
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5052,9822,7772,5852,0761,6132,085
Accounts payable1,2152,6032,4002,2401,7701,3501,850
Accrued liabilities291379377345306264235
Debt235441 152618
Disposal group, including discontinued operation     6 
Deferred tax liabilities    0
Customer advances and deposits10891118139
Other undisclosed current liabilities156127118260 (0)
Total current liabilities:1,6843,1622,9362,7192,1831,7632,241
Noncurrent Liabilities
Long-term debt and lease obligation, including:5025756608851,171747672
Finance lease, liability1414
Operating lease, liability124125
Other undisclosed long-term debt and lease obligation3634366608851,171747672
Liabilities, other than long-term debt40236125024710193132
Accounts payable and accrued liabilities216210195202858882
Deferred tax liabilities, net  16 49
Disposal group, including discontinued operation, liabilities     5 
Other liabilities1861515544   
Other undisclosed noncurrent liabilities    1926(30)
Total noncurrent liabilities:9039369091,1311,290865774
Total liabilities:2,5874,0993,8453,8503,4732,6283,015
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9091,8901,8151,7221,9251,9111,855
Common stock1111111
Additional paid in capital205275340355400435496
Accumulated other comprehensive loss(133)(146)(132)(127)(155)(113)(60)
Retained earnings1,8371,7611,6061,4931,6791,5891,418
Other undisclosed stockholders' equity attributable to parent  (0) (0)  
Stockholders' equity attributable to noncontrolling interest441616151010
Other undisclosed stockholders' equity  00   
Total stockholders' equity:1,9131,8941,8321,7381,9401,9211,865
TOTAL LIABILITIES AND EQUITY:4,5005,9925,6775,5885,4134,5494,880

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues20,35836,81939,75033,69627,01630,38043,386
Cost of revenue(19,507)(35,707)(38,732)(32,763)(26,117)(29,519)(42,573)
Gross profit:8521,1121,019932899861814
Operating expenses(714)(812)(759)(887)(710)(613)(544)
Other undisclosed operating income0      
Operating income:13830026046189247269
Nonoperating income (expense)24(62)(75)(67)(47)(28)0
Investment income, nonoperating46465  
Other nonoperating income (expense)6912(4)(6)(8)226
Interest and debt expense(49)(80)(75)(66)78(26)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes49807566(7)(8)26
Income (loss) from continuing operations before income taxes:162237185(21)142219270
Income tax expense(52)(56)(56)(149)(16)(36)(51)
Net income (loss):110181129(170)126183218
Net income (loss) attributable to noncontrolling interest(0)(2)(1)0 43
Other undisclosed net income attributable to parent0      
Net income (loss) attributable to parent:110179128(170)126187222
Other undisclosed net income available to common stockholders, basic    0  
Net income (loss) available to common stockholders, diluted:110179128(170)127187222

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):110181129(170)126183218
Other comprehensive income (loss)14(17)(6)30(47)(49)(31)
Other undisclosed comprehensive income (loss) (0)(0) 0  
Comprehensive income (loss):123164123(141)80134188
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)31(2)(2)(0)3
Other undisclosed comprehensive income, net of tax, attributable to parent00     
Comprehensive income (loss), net of tax, attributable to parent:123167124(142)78134191

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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