World Fuel Services 2007 Annual Report Download - page 4

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2005(a) 2006(b) 2007(c)
Income Statement Data
Revenue $ 8,733,947 $ 10,785,136 $ 13,729,555
Gross Profit 178,664 214,069 245,272
Income from Operations 56,620 76,646 85,888
Net Income 39,609 63,948 64,773
Diluted Earnings Per Share 1.57 2.21 2.23
Diluted Weighted Average Shares 25,214 28,923 29,062
Balance Sheet Data
Total Assets $ 1,014,001 $ 1,277,400 $ 1,798,046
Total Liabilities 660,654 851,431 1,314,169
Shareholders’ Equity 353,347 425,969 483,877
(In thousands, except diluted earnings per share)
As of, and for the year ended December 31,
Financial Highlights
Revenue
$ in billions
‘05 ‘06 ‘07
$8.7
$10.8
$13.7
‘05 ‘06 ‘07
$179
$214
$245
‘05 ‘06 ‘07
$57
$77
$86
‘05 ‘06 ‘07
$353
$426
$484
Gross Profit
$ in millions
Income from
Operations
$ in millions
Shareholders
Equity
$ in millions
(a) Includes an additional tax expense of approximately $2.8 million, or $0.11 per diluted share, related to the decision to repatriate foreign earnings as a result of the
American Jobs Creation Act of 2004.
(b) Includes an after-tax charge of approximately $1.0 million, or $0.03 per diluted share, related to the June 2006 separation agreement between the Company and
our former Chief Financial Officer.
Includes an after-tax benefit of approximately $1.0 million, or $0.03 per diluted share, related to a $1.5 million settlement of certain claims made against the former
owners of Tramp Oil.
(c) Includes an after-tax impairment charge of approximately $1.3 million, or $0.05 per diluted share, related to a $1.9 million write-down of a short-term investment.
Includes an after-tax impairment charge of approximately $1.7 million, or $0.06 per diluted share, for a $2.4 million internally developed computer software
aviation project.