World Fuel Services 2002 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2002 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 84

  • 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

WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
(Continued)
Ended December 31, For the Year Ended March 31,
2002 2001 2002 2001 2000
(Unaudited)
Supplemental Disclosures of Cash Flow Informatio
n
Cash paid during the period for:
Interest 761$ 265$ 397$ 254$ 838$
Income taxes 6,749$ 4,720$ 5,600$ 14,752$ 4,280$
For the Nine Months
Ended December 31, For the Year Ended March 31,
200
2
2001 2002 2001 200
0
(Unaudited)
Accounts receivable
-
$
-
$ 18,754$
-
$ 192$
Prepaid and other current assets
-
-
232
-
63
Property and equipment
-
-
-
-
152
Goodwill
-
5,113 9,40
5
2,364 8,52
0
Identifiable intangible assets
-
-
1,84
0
-
-
Short-term debt
-
-
(1,500)
-
(197)
Promissory notes, short-term portion
-
(1,000) (1,952) (540) (1,262)
Accounts payable
-
-
(14,666)
-
(227)
Accrued expenses
-
-
(462)
-
(51)
Income tax payable
-
-
(29)
-
(18)
Promissory notes, long-term portion
-
(1,000) (3,048)
-
(2,988)
Cash paid -$ 3,113$ 8,574$ 1,824$ 4,184$
(Continued)
For the Nine Months
We paid cash and issued notes payable in connection with certain acquisitions of businesses accounted for under the
purchase method for the nine months ended December 31, 2001 and the years ended March 31, 2002, 2001, and 2000.
The following reconciles the fair values of the assets acquired, liabilities assumed, and promissory notes issued with cash
paid:
The accompanying notes are an integral part of these consolidated financial statements.
Page 39 of 70