World Fuel Services 2012 Annual Report Download - page 20

PART I
Item 1. Business
Overview
World Fuel Services Corporation (the ‘‘Company’’) was incorporated in Florida in July 1984 and along
with its consolidated subsidiaries is referred to collectively in this Annual Report on Form 10-K (‘‘2012
10-K Report’’) as ‘‘World Fuel,’’ ‘‘we,’’ ‘‘our’’ and ‘‘us.’’
We are a leading global fuel logistics company, principally engaged in the marketing, sale and distribution
of aviation, marine, and land fuel products and related services on a worldwide basis. We compete by
providing our customers with value-added benefits, including single-supplier convenience, competitive
pricing, the availability of trade credit, price risk management, logistical support, fuel quality control and
fuel procurement outsourcing. We have three reportable operating business segments: aviation, marine,
and land. We primarily contract with third parties for the delivery and storage of fuel products, however,
in some cases we own storage and transportation assets for strategic purposes. In our aviation
segment, we offer fuel and related services to major commercial airlines, second and third-tier airlines,
cargo carriers, regional and low cost carriers, airports, fixed based operators, corporate fleets, fractional
operators, private aircraft, military fleets and to the U.S. and foreign governments. In our marine
segment, we offer fuel and related services to a broad base of marine customers, including international
container and tanker fleets, commercial cruise lines, yachts and time-charter operators, as well as to the
U.S. and foreign governments. In our land segment, we offer fuel and related services to petroleum
distributors operating in the land transportation market, retail petroleum operators, and industrial,
commercial and government customers, and also engage in crude oil marketing activities. In addition,
we offer transaction management services which consist of card payment solutions and merchant
processing services to customers in the aviation, marine and land transportation industries.
We have offices located in the United States, the United Kingdom, Denmark, Norway, the Netherlands,
Germany, Greece, Turkey, the United Arab Emirates, Russia, Taiwan, South Korea, Singapore, Japan,
Hong Kong, Costa Rica, Brazil, Chile, Argentina, Mexico, Colombia, Puerto Rico, Canada, South Africa,
Gibraltar, India and Australia. See ‘‘Item 2 – Properties’’ for a list of principal offices by business segment
and ‘‘Exhibit 21.1 – Subsidiaries of the Registrant’’ included in this 2012 10-K Report for a list of our
subsidiaries.
Financial information with respect to our business segments and the geographic areas of our business is
provided in Note 11 to the accompanying consolidated financial statements included in this 2012 10-K
Report.
Our principal executive office is located at 9800 Northwest 41st Street, Suite 400, Miami, Florida 33178
and our telephone number at this address is 305-428-8000. Our internet address is
http://www.wfscorp.com and the investor relations section of our website is located at
http://ir.wfscorp.com. We make available free of charge, on or through the investor relations section of
our website, our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q (‘‘10-Q Report’’),
Current Reports on Form 8-K, Proxy Statements and amendments to those reports filed or furnished
pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the ‘‘Exchange
Act’’) with the Securities and Exchange Commission (‘‘SEC’’) as soon as reasonably practicable after
such material is electronically filed with, or furnished to, the SEC. Also posted on our website are our
Code of Corporate Conduct and Ethics, Board of Directors’ committee charters and Corporate
Governance Principles. Our internet website and information contained on our internet website are not
part of this 2012 10-K Report and are not incorporated by reference in this 2012 10-K Report.
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