World Fuel Services 2005 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2005 World Fuel Services annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

PART IV
Item 15. Exhibits and Financial Statement Schedules
(a)(1) The following consolidated financial statements are filed as a part of this Form 10-K:
(i) Report of Independent Registered Certified Public Accounting Firm ............... 36
(ii) Consolidated Balance Sheets as of December 31, 2004 and 2005 .................. 38
(iii) Consolidated Statements of Income for 2003, 2004 and 2005 ..................... 39
(iv) Consolidated Statements of Stockholders’ Equity for 2003, 2004 and 2005 .......... 40
(v) Consolidated Statements of Cash Flows for 2003, 2004 and 2005 .................. 41
(vi) Notes to the Consolidated Financial Statements ................................ 43
(a)(2) Consolidated financial statement schedules have been omitted either because the required
information is set forth in the consolidated financial statements or notes thereto, or the information
called for is not required.
(b) The exhibits set forth in the following index of exhibits are filed or incorporated by reference as a
part of this Form 10-K:
Exhibit No. Description
3.1 Restated Articles of Incorporation are incorporated by reference to our Current Report on
Form 8-K filed February 3, 2005.
3.2 By-laws, amended and restated as of March 1, 2005, are incorporated by reference to our Current
Report on Form 8-K filed March 3, 2005.
4.1 1986 Employee Stock Option Plan is incorporated by reference to our Registration Statement on
Form S-8 filed February 3, 1986.
4.2 1993 Non-Employee Directors Stock Option Plan, amended and restated, is incorporated by
reference to our Registration Statement on Form S-8 filed December 20, 2005.
4.3 1996 Employee Stock Option Plan is incorporated by reference to our Schedule 14A filed
August 17, 1998.
4.4 2001 Omnibus Plan, amended and restated, is incorporated by reference to our Registration
Statement on Form S-8 filed December 20, 2005.
10.1 Employment Agreement, amended and restated as of July 26, 2002, with Mr. Paul Stebbins,
Chairman to the Board of Directors and Chief Executive Officer, is incorporated by reference to
our Transition Report on Form 10-K filed March 20, 2003.
10.2 Employment Agreement, amended and restated as of July 26, 2002, with Mr. Michael Kasbar,
President and Chief Operating Officer, is incorporated by reference to our Transition Report on
Form 10-K filed March 20, 2003.
10.3 Amendment to Employment Agreement with Mr. Paul Stebbins, Chairman to the Board of
Directors and Chief Executive Officer, dated October 29, 2003, is incorporated by reference to our
Quarterly Report on Form 10-Q filed November 6, 2003.
10.4 Amendment to Employment Agreement with Mr. Michael Kasbar, President and Chief Operating
Officer, dated October 29, 2003, is incorporated by reference to our Quarterly Report on
Form 10-Q filed November 6, 2003.
10.5 Employment Agreement, dated as of January 13, 2005, with Mr. Robert S. Tocci, Executive Vice
President and Chief Financial Officer, is incorporated by reference to our Current Report on
Form 8-K filed January 18, 2005.
34