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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 735.3 $ 658.8
Accounts receivable, net of allowance for credit losses of $43.8 million and $53.8 million as of March 31, 2021 and December 31, 2020, respectively 1,669.2 1,238.4
Inventories 333.7 344.3
Prepaid expenses 53.2 51.1
Short-term derivative assets, net 58.9 66.4
Other current assets 214.1 280.4
Total current assets 3,064.5 2,639.3
Property and equipment, net 334.6 342.6
Goodwill 858.0 858.6
Identifiable intangible and other non-current assets 668.3 659.8
Total assets 4,925.4 4,500.3
Current liabilities:    
Current maturities of long-term debt 26.6 22.9
Accounts payable 1,619.3 1,214.7
Customer deposits 132.9 155.8
Accrued expenses and other current liabilities 313.4 290.6
Total current liabilities 2,092.2 1,684.0
Long-term debt 496.9 501.8
Non-current income tax liabilities, net 218.8 215.5
Other long-term liabilities 174.5 186.1
Total liabilities 2,982.3 2,587.4
Commitments and contingencies
World Fuel shareholders' equity:    
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued 0.0 0.0
Common stock, $0.01 par value; 100.0 shares authorized, 63.0 and 62.9 issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 0.6 0.6
Capital in excess of par value 210.8 204.6
Retained earnings 1,848.3 1,836.7
Accumulated other comprehensive loss (120.3) (132.6)
Total World Fuel shareholders' equity 1,939.5 1,909.3
Noncontrolling interest 3.5 3.6
Total equity 1,943.0 1,912.9
Total liabilities and equity $ 4,925.4 $ 4,500.3