The following table presents the effect of the correction on the previously reported consolidated balance sheet as of December 31, 2015 and the statements of income and comprehensive income for the three and nine months ended September 30, 2015:

Consolidated Balance Sheets

(Unaudited - In millions, except per share data)



	As of December 31, 2015
	As Reported			Adjustment		Revised
Assets:
Current assets:
Cash and cash equivalents	$	582.5		—		$	582.5
Accounts receivable, net	1,812.6			—		1,812.6
Inventories	359.1			—		359.1
Prepaid expenses	57.9			—		57.9
Short-term derivative assets, net	227.2			(6.8	)	220.4
Other current assets	209.8			(1.8	)	208.0
Current assets held for sale	5.5			—		5.5
Total current assets	3,254.6			(8.6	)	3,246.0

Property and equipment, net	225.6			—		225.6
Goodwill	675.8			—		675.8
Identifiable intangible and other non-current assets	356.9			(15.5	)	341.4
Non-current assets held for sale	36.5			—		36.5
Total assets	$	4,549.4		(24.1	)	$	4,525.3

Liabilities:
Current liabilities:
Short-term debt	$	25.5		—		$	25.5
Accounts payable	1,349.6			—		1,349.6
Customer deposits	118.3			—		118.3
Accrued expenses and other current liabilities	263.8			(8.6	)	255.2
Current liabilities held for sale	5.6			—		5.6
Total current liabilities	1,762.8			(8.6	)	1,754.2

Long-term debt	746.7			—		746.7
Non-current income tax liabilities, net	87.7			—		87.7
Other long-term liabilities	25.8			—		25.8
Non-current liabilities held for sale	5.0			—		5.0
Total liabilities	$	2,628.0		(8.6	)	$	2,619.4

Commitments and contingencies

Equity:
World Fuel shareholders' equity:
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued	—			—		—
Common stock, $0.01 par value; 100 shares authorized, 70.8 issued and outstanding as of December 31, 2015	0.7			—		0.7
Capital in excess of par value	435.3			—		435.3
Retained earnings	1,588.6			(19.2	)	1,569.4
Accumulated other comprehensive loss	(113.2		)	3.7		(109.5		)
Total World Fuel shareholders' equity	1,911.4			(15.5	)	1,895.9
Noncontrolling interest equity	10.0			—		10.0
Total equity	1,921.4			(15.5	)	1,905.9
Total liabilities and equity	$	4,549.4		(24.1	)	$	4,525.3

Consolidated Statement of Income and Comprehensive Income

(Unaudited - In millions, except per share data)



	For the Three Months Ended								For the Nine Months Ended
	September 30, 2015								September 30, 2015
	As Reported			Adjustment		Revised			As Reported			Adjustment		Revised
Revenue	$	7,810.7		—		$	7,810.7		$	23,647.8		—		$	23,647.8
Cost of revenue	7,584.0			—		7,584.0			23,015.2			1.9		23,017.1
Gross profit	226.7			—		226.7			632.6			(1.9	)	630.7
Operating expenses:
Compensation and employee benefits	94.2			—		94.2			270.5			(0.2	)	270.3
Provision for bad debt	1.6			—		1.6			5.2			—		5.2
General and administrative	64.5			—		64.5			177.6			2.0		179.6
	160.3			—		160.3			453.3			1.8		455.1
Income from operations	66.4			—		66.4			179.3			(3.7	)	175.6
Non-operating expenses, net:
Interest expense and other financing costs, net	(7.9		)	—		(7.9		)	(21.5		)	—		(21.5		)
Other income, net	1.9			—		1.9			0.5			—		0.5
	(6.0		)	—		(6.0		)	(21.0		)	—		(21.0		)
Income before income taxes	60.4			—		60.4			158.3			(3.7	)	154.6
Provision for income taxes	11.8			5.9		17.7			26.8			6.8		33.6
Net income including noncontrolling interest	48.6			(5.9	)	42.7			131.5			(10.5	)	121.0
Net (loss) attributable to noncontrolling interest	(1.0		)	—		(1.0		)	(3.6		)	0.1		(3.5		)
Net income attributable to World Fuel	$	49.6		(5.9	)	$	43.7		$	135.1		(10.6	)	$	124.5

Basic earnings per common share	$	0.71		(0.09	)	$	0.62		$	1.92		(0.15	)	$	1.77

Basic weighted average common shares	70.0			—		70.0			70.5			—		70.5

Diluted earnings per common share	$	0.71		(0.09	)	$	0.62		$	1.90		(0.15	)	$	1.75

Diluted weighted average common shares	70.3			—		70.3			71.0			—		71.0

Comprehensive income:
Net income including noncontrolling interest	$	48.6		(5.9	)	$	42.7		$	131.5		(10.5	)	$	121.0
Other comprehensive income (loss):
Foreign currency translation adjustments	(31.0		)	3.6		(27.4		)	(42.8		)	4.8		(38.0		)
Derivative instruments, net of income tax benefit of $0.7 for the three and nine months ended September 30, 2015, respectively	(1.1		)	—		(1.1		)	(1.1		)	—		(1.1		)
	(32.1		)	3.6		(28.5		)	(43.9		)	4.8		(39.1		)
Comprehensive income including noncontrolling interest	16.5			(2.3	)	14.2			87.6			(5.7	)	81.9
Comprehensive income (loss) attributable to noncontrolling interest	1.1			(2.3	)	(1.2		)	1.0			(2.2	)	(1.2		)
Comprehensive income attributable to World Fuel	$	15.4		—		$	15.4		$	86.6		(3.5	)	$	83.1