World Fuel Services 2008 Annual Report Download - page 96

Download and view the complete annual report

Please find page 96 of the 2008 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 108

  • 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
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Information concerning our revenue, income from operations, depreciation and amortization and capital
expenditures by segment is as follows (in thousands):
For the Year ended December 31,
2008 2007 2006
Revenue
Marine segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,915,291 $ 7,665,801 $ 5,785,095
Aviation segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,294,466 5,460,838 4,579,337
Land segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,299,646 602,916 420,704
$18,509,403 $13,729,555 $10,785,136
Income from operations
Marine segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 121,818 $ 50,844 $ 44,225
Aviation segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68,142 60,796 56,648
Land segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,489 1,237 1,138
193,449 112,877 102,011
Corporate overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (39,709) (26,989) (25,365)
$ 153,740 $ 85,888 $ 76,646
Depreciation and amortization
Marine segment, includes allocation from corporate . . . . . . . . . $ 2,916 $ 2,255 $ 2,335
Aviation segment, includes allocation from corporate . . . . . . . . 4,836 1,543 1,023
Land segment, includes allocation from corporate . . . . . . . . . . . 3,034 157 83
Corporate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,085 2,946 1,425
$ 13,871 $ 6,901 $ 4,866
Capital expenditures
Marine segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 510 $ 1,642 $ 1,049
Aviation segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 985 1,010 1,802
Land segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 204 59 223
Corporate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,196 13,726 15,374
$ 5,895 $ 16,437 $ 18,448
88