World Fuel Services 2005 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 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

WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Information concerning our revenue, income from operations, depreciation and amortization, capital
expenditures, goodwill and total assets by business segment is as follows (in thousands):
As of and for the Year ended December 31,
2003 2004 2005
Revenue:
Marine segment ......................................... $1,644,598 $3,031,474 $4,467,695
Aviation segment ........................................ 1,026,959 2,622,899 4,266,252
$2,671,557 $5,654,373 $8,733,947
Income from operations:
Marine segment ......................................... $ 18,545 $ 23,270 $ 35,360
Aviation segment ........................................ 22,103 29,319 40,824
40,648 52,589 76,184
Corporate overhead ...................................... (13,016) (14,617) (19,564)
$ 27,632 $ 37,972 $ 56,620
Depreciation and amortization:
Marine segment ......................................... $ 1,487 $ 2,036 $ 2,084
Aviation segment ........................................ 234 509 524
Corporate .............................................. 2,109 1,051 1,218
$ 3,830 $ 3,596 $ 3,826
Goodwill and identifiable intangible assets, net:
Marine segment, net of accumulated amortization of $1,914 and
$3,362 at December 31, 2004 and 2005, respectively, on the
identifiable intangible assets ............................. $ 41,624 $ 39,952
Aviation segment ........................................ 8,209 8,209
$ 49,833 $ 48,161
Capital expenditures:
Marine segment ......................................... $ 490 $ 574 $ 421
Aviation segment ........................................ 919 637 616
Corporate .............................................. 1,858 1,187 6,472
$ 3,267 $ 2,398 $ 7,509
Total assets:
Marine segment ......................................... $ 428,651 $ 555,494
Aviation segment ........................................ 262,223 307,950
Corporate .............................................. 21,297 150,557
$ 712,171 $1,014,001
69