World Fuel Services Corporation (INT) Financial Statements (2023 and Earlier)

Company Profile

Business Address 9800 N.W. 41ST STREET
MIAMI, FL 33178
State of Incorp. FL
Fiscal Year End December 31
Industry (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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  186212372699583
Cash and cash equivalents  186212372699583
Receivables2,3551,2382,8922,7402,7062,3441,813
Inventory, net of allowances, customer advances and progress billings478344593523505458359
Inventory478344593523505458359
Prepaid expense59518166644758
Derivative instruments and hedges, assets16966601555159227
Disposal group, including discontinued operation      6
Other current assets306280359280242231210
Other undisclosed current assets652659(0) 0  
Total current assets:4,0202,6394,1703,9753,9403,8373,255
Noncurrent Assets
Finance lease, right-of-use asset201718
Operating lease, right-of-use asset151141154
Property, plant and equipment349343170350330311226
Long-term investments and receivables  8574716771
Long-term investments  8574716771
Intangible assets, net (including goodwill)1,0511,0611,0651,0981,1251,118887
Goodwill862859844853846836676
Intangible assets, net (excluding goodwill)189203222245280282211
Disposal group, including discontinued operation, noncurrent assets      37
Deferred income tax assets  21
Deferred tax assets, net 132121
Other undisclosed noncurrent assets3522993101801095954
Total noncurrent assets:1,9231,8611,8221,7021,6471,5761,295
Other undisclosed assets     (0) 
TOTAL ASSETS:5,9424,5005,9925,6775,5885,4134,549
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6921,5052,9822,7772,5852,0761,613
Accounts payable2,4001,2152,6032,4002,2401,7701,350
Accrued liabilities293291379377345306264
Debt31235441 1526
Derivative instruments and hedges, liabilities168      
Disposal group, including discontinued operation      6
Customer advances and deposits10891118
Other undisclosed current liabilities205156127118260 
Total current liabilities:3,0971,6843,1622,9362,7192,1831,763
Noncurrent Liabilities
Long-term debt and lease obligation, including:4785025756608851,171747
Finance lease, liability171414
Operating lease, liability134124125
Other undisclosed long-term debt and lease obligation3283634366608851,171747
Liabilities, other than long-term debt45140236125024710193
Accounts payable and accrued liabilities2142162101952028588
Deferred tax liabilities, net  16 
Disposal group, including discontinued operation, liabilities      5
Other liabilities2371861515544  
Other undisclosed noncurrent liabilities0    1926
Total noncurrent liabilities:9299039369091,1311,290865
Total liabilities:4,0262,5874,0993,8453,8503,4732,628
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9131,9091,8901,8151,7221,9251,911
Common stock1111111
Additional paid in capital168205275340355400435
Accumulated other comprehensive loss(137)(133)(146)(132)(127)(155)(113)
Retained earnings1,8811,8371,7611,6061,4931,6791,589
Other undisclosed stockholders' equity attributable to parent0  (0) (0) 
Stockholders' equity attributable to noncontrolling interest44416161510
Other undisclosed stockholders' equity   00  
Total stockholders' equity:1,9171,9131,8941,8321,7381,9401,921
TOTAL LIABILITIES AND EQUITY:5,9424,5005,9925,6775,5885,4134,549

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues31,33720,35836,81939,75033,69627,01630,380
Cost of revenue(30,549)(19,507)(35,707)(38,732)(32,763)(26,117)(29,519)
Gross profit:7888521,1121,019932899861
Operating expenses(646)(714)(812)(759)(887)(710)(613)
Other undisclosed operating income 0     
Operating income:14313830026046189247
Nonoperating income (expense)(43)24(62)(75)(67)(47)(28)
Investment income, nonoperating746465 
Other nonoperating income (expense)(2)6912(4)(6)(8)2
Interest and debt expense(47)(49)(80)(75)(66)78
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 49807566(7)(8)
Income (loss) from continuing operations before equity method investments, income taxes:53162237185(21)142219
Other undisclosed income from continuing operations before income taxes47      
Income (loss) from continuing operations before income taxes:100162237185(21)142219
Income tax expense(26)(52)(56)(56)(149)(16)(36)
Net income (loss):74110181129(170)126183
Net income (loss) attributable to noncontrolling interest(1)(0)(2)(1)0 4
Other undisclosed net income attributable to parent 0     
Net income (loss) attributable to parent:74110179128(170)126187
Other undisclosed net income available to common stockholders, basic     0 
Net income (loss) available to common stockholders, diluted:74110179128(170)127187

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):74110181129(170)126183
Other comprehensive income (loss)(4)14(17)(6)30(47)(49)
Other undisclosed comprehensive income (loss)  (0)(0) 0 
Comprehensive income (loss):70123164123(141)80134
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)31(2)(2)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent 00    
Comprehensive income (loss), net of tax, attributable to parent:70123167124(142)78134

Statements Sources

The financial statements are based on the Company's filings with 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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