XML 52 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary Quarterly Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Data [Abstract]  
Summary Quarterly Information (Unaudited)
The following is a summary of the unaudited quarterly results for 2019 and 2018 (in millions, except earnings per share data):
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2019
 
2019
 
2019
 
2019
Revenue
$
8,678.8

 
$
9,459.4

 
$
9,322.7

 
$
9,358.1

Gross profit
$
251.1

 
$
268.6

 
$
305.7

 
$
286.6

Net income including noncontrolling interest
$
37.3

 
$
37.6

 
$
49.4

 
$
56.8

Net income attributable to World Fuel
$
37.2

 
$
37.0

 
$
48.2

 
$
56.5

Basic earnings per common share (1)
$
0.55

 
$
0.56

 
$
0.74

 
$
0.86

Diluted earnings per common share (1)
$
0.55

 
$
0.55

 
$
0.73

 
$
0.86

 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2018
 
2018
 
2018
 
2018
Revenue
$
9,181.3

 
$
10,150.8

 
$
10,429.5

 
$
9,988.6

Gross profit
$
243.4

 
$
246.2

 
$
266.7

 
$
262.2

Net income including noncontrolling interest
$
31.3

 
$
29.2

 
$
38.7

 
$
29.8

Net income attributable to World Fuel
$
31.2

 
$
28.7

 
$
38.2

 
$
29.6

Basic earnings per common share (1)
$
0.46

 
$
0.42

 
$
0.57

 
$
0.44

Diluted earnings per common share (1)
$
0.46

 
$
0.42

 
$
0.56

 
$
0.44

 
(1) Basic and diluted earnings per share are computed independently for each quarter and the full year based upon respective weighted average shares outstanding. Therefore, the sum of the quarterly basic and diluted earnings per share amounts may not equal the annual basic and diluted earnings per share amounts reported.