World Fuel Services 2002 Annual Report Download - page 22

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Item 6. Selected Financial Data
The following selected financial data has been summarized from our consolidated financial statements set forth in Item 8
of this Form 10-K. The selected financial data should be read in conjunction with the notes set forth at the end of these
tables, the accompanying consolidated financial statements and the related notes thereto, and “Item 7 - Management’s
Discussion and Analysis of Financial Condition and Results of Operations.”
SELECTED FINANCIAL DATA
(In thousands, except earnings per share data)
For the Nine Months
Ended December 31, For the Year Ended March 31,
2002 2001 2002 2001 2000 1999 1998
Consolidated Income (unaudited)
Statement Dat
Revenue 1,546,897$ 1,013,781$ 1,365,065$ 1,529,242$ 1,200,297$ 720,561$ 776,617$
Cost of sales (1,483,976) (958,753) (1,288,891) (1,457,500) (1,136,052) (667,302) (733,379)
Gross profit 62,921 55,028 76,174 71,742 64,245 53,259 43,238
Operating expenses (49,135) (40,122) (54,885) (57,590) (57,327) (38,198) (28,455)
Income from operations 13,786 14,906 21,289 14,152 6,918 15,061 14,783
Other income
(expense), net (2,030) 1,833 1,937 2,191 (5,646) 1,539 2,260
Income from continuing
operations before
income taxes 11,756 16,739 23,226 16,343 1,272 16,600 17,043
Provision for income taxes (1,884) (3,977) (5,991) (4,557) (1,444) (2,910) (3,467)
Income (loss) from
continuing operations 9,872 12,762 17,235 11,786 (172) 13,690 13,576
Discontinued operations,
net of tax - - - (1,152) 9,807 1,417 2,277
Net income 9,872$ 12,762$ 17,235$ 10,63
4
$ 9,635$ 15,107$ 15,853$
Basic earnings (loss)
per share:
Continuing operations 0.94$ 1.23$ 1.66$ 1.11$ (0.01)$ 1.11$ 1.11$
Discontinued operations - - - (0.11) 0.81 0.11 0.19
Net income 0.94$ 1.23$ 1.66$ 1.00$ 0.80$ 1.22$ 1.30$
Weighted average
shares - basic 10,468 10,378 10,381 10,64
4
12,045 12,375 12,230
Diluted earnings (loss)
per share:
Continuing operations 0.91$ 1.20$ 1.62$ 1.11$ (0.01)$ 1.10$ 1.09$
Discontinued operations - - - (0.11) 0.81 0.11 0.18
Net income 0.91$ 1.20$ 1.62$ 1.00$ 0.80$ 1.21$ 1.27$
Weighted average
shares - diluted 10,900 10,652 10,646 10,663 12,045 12,533 12,528
(Continued)
Page 14 of 70