World Fuel Services 2012 Annual Report Download - page 106

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12. Summary Quarterly Information (Unaudited)
The following is a summary of the unaudited quarterly results for 2012 and 2011 (in thousands, except
earnings per share data):
March 31, June 30, September 30, December 31,
2012 2012 2012 (1) 2012 (1)
Revenue $9,479,055 $9,618,797 $9,911,673 $9,935,813
Gross profit $ 157,235 $ 172,123 $ 180,752 $ 163,337
Net income including noncontrolling interest $ 48,546 $ 54,882 $ 52,898 $ 45,025
Net income attributable to World Fuel $ 46,415 $ 48,600 $ 51,494 $ 42,836
Basic earnings per common share (4) $ 0.65 $ 0.68 $ 0.72 $ 0.60
Diluted earnings per common share (4) $ 0.65 $ 0.68 $ 0.72 $ 0.60
March 31, June 30, September 30, December 31,
2011 (2) 2011 (2)(3) 2011 (2)(3) 2011 (2)(3)
Revenue $7,079,406 $8,708,709 $9,510,792 $9,323,947
Gross profit $ 136,768 $ 165,102 $ 170,847 $ 162,286
Net income including noncontrolling interest $ 41,657 $ 50,673 $ 53,842 $ 53,030
Net income attributable to World Fuel $ 41,109 $ 50,203 $ 52,655 $ 50,062
Basic earnings per common share $ 0.59 $ 0.71 $ 0.74 $ 0.70
Diluted earnings per common share (4) $ 0.58 $ 0.70 $ 0.74 $ 0.70
(1) Includes the CarterEnergy business operations since September 1, 2012 as a result of the
acquisition.
(2) Includes NCS operations since March 1, 2011 as a result of the acquisition.
(3) Includes Ascent operations since April 1, 2011 as a result of the acquisition.
(4) Basic and diluted earnings per share are computed independently for each quarter and the full year
based upon respective weighted average shares outstanding. Therefore, the sum of the quarterly
basic and diluted earnings per share amounts may not equal the annual basic earnings per share
amount reported.
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