World Fuel Services 2012 Annual Report Download - page 16

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“We completed two accretive and
strategic acquisitions this past year to
further expand the value proposition
we offer to our customers and
suppliers and provide new avenues
for growth. Our operating cash flow
contributed to our very strong and
liquid balance sheet, enabling us to
further fuel organic growth and make
additional strategic acquisitions.
Ira M. Birns
Executive Vice President
and Chief Financial Officer