World Fuel Services 2007 Annual Report Download - page 73

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64435 TX 65WORLD FUEL SERVICES
ANNUAL REPORT
28-Feb-2008 11:39 EST
CLN PSTAM
RR Donnelley ProFile SER carrp0da 8*
PMT 2C
TX8724AC350610
9.9.26
WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Our debt consisted of the following (in thousands):
As of December 31,
2007 2006
Borrowings under Credit Facility ............................. $40,000 $20,000
5.0% promissory note issued in connection with acquired
business, payable in December 2009 .................... 5,000 —
5.0% promissory note issued in connection with acquired
business, payable in March 2009 ....................... 53 —
Other ............................................... 191 72
Total debt ........................................ 45,244 20,072
Short-term debt ............................... 53 10
Long-term debt ............................... $45,191 $20,062
As of December 31, 2007, the aggregate annual maturities of debt are as follows (in thousands):
Year Ended December 31,
2008 ............................................................. $ 53
2009 ............................................................. 5,106
2010 ............................................................. 41
2011 ............................................................. 27
2012 ............................................................. 40,013
Thereafter ......................................................... 4
$45,244
7. Income Taxes
U.S. and foreign income (loss) before income taxes consist of the following (in thousands):
2007 2006 2005
United States ................................... $ (919) $ 3,637 $ (1,339)
Foreign ........................................ 87,505 77,762 57,167
$86,586 $81,399 $55,828
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