Acquisitions, Assets and Liabilities Held for Sale (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the aggregate consideration paid for all 2016 acquisitions and the provisional amounts of the assets acquired and liabilities assumed recognized at the acquisition date. The Company is in the process of finalizing the valuations of certain acquired assets and assumed liabilities; thus, the provisional measurements of these acquired assets and assumed liabilities are subject to change and will be finalized no later than one year from the acquisition date.



	Total
Cash paid for acquisition of businesses	$	247.9
Amounts due to sellers	14.5
Estimated purchase price	$	262.4

Assets acquired:
Accounts and notes receivable	$	60.4
Inventories	33.7
Property and equipment	44.2
Goodwill and identifiable intangible assets	172.0
Other current and long-term assets	11.2

Liabilities assumed:
Accounts payable	(33.0		)
Accrued expenses and other current liabilities	(25.9		)
Long-term liabilities and deferred tax liabilities	(0.3		)
Estimated purchase price	$	262.4

Business Acquisition, Pro Forma Information

The following presents the unaudited pro forma results for 2015 as if the 2015 acquisitions had been completed on January 1, 2015 (in millions, except per share data):



	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In millions, except per share data)	2015		2015
Revenues	$	7,948.7	$	24,071.1
Net income attributable to World Fuel	52.0		139.9

Earnings per common share:
Basic earnings per common share	$	0.74	$	1.98
Diluted earnings per common share	$	0.74	$	1.97

The following presents the unaudited pro forma results for 2016 and 2015 as if 2016 acquisitions had been completed on January 1, 2015:



	Unaudited Supplemental Pro Forma Consolidated Results
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions, except per share data)	2016		2015		2016		2015
Revenues	$	7,399.8	$	8,315.4	$	19,797.6	$	25,202.0
Net income attributable to World Fuel	42.7		49.2		133.2		142.3

Earnings per common share:
Basic earnings per common share	$	0.62	$	0.70	$	1.92	$	2.02
Diluted earnings per common share	$	0.61	$	0.70	$	1.91	$	2.00