World Fuel Services 2012 Annual Report Download - page 66

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WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
Accumulated Total Noncontrolling
Capital in Other World Fuel Interest
Common Stock Excess of Retained Comprehensive Shareholders’ Equity Total
Shares Amount Par Value Earnings (Loss) Income Equity (Deficit) Equity
Balance as of December 31, 2009 59,385 $594 $213,414 $ 515,218 $ 3,795 $ 733,021 $ 228 $ 733,249
Net income — — — 146,865 — 146,865 (362) 146,503
Cash dividends declared — — — (9,287) — (9,287) — (9,287)
Distribution of noncontrolling interest — — — — — — (510) (510)
Amortization of share-based payment
awards — — 8,789 — — 8,789 — 8,789
Issuance of common stock related to share-
based payment awards including income
tax benefit of $10,380 383 4 10,796 — — 10,800 — 10,800
Public offering of common stock 9,200 92 218,724 — — 218,816 — 218,816
Issuance of common stock related to
acquisitions 690 7 21,063 — — 21,070 — 21,070
Purchases of common stock tendered by
employees to satisfy the required
withholding taxes related to share-based
payment awards (56) (1) (3,823) — — (3,824) — (3,824)
Other comprehensive income — — — — 958 958 — 958
Balance as of December 31, 2010 69,602 696 468,963 652,796 4,753 1,127,208 (644) 1,126,564
Net income — — — 194,029 — 194,029 5,173 199,202
Initial noncontrolling interest upon
consolidation of joint venture — — — — — — 614 614
Capital contribution for joint ventures — — — — — — 10,411 10,411
Cash dividends declared — — — (10,603) — (10,603) — (10,603)
Distribution of noncontrolling interest — — — — — — (1,797) (1,797)
Amortization of share-based payment
awards — — 8,906 — — 8,906 — 8,906
Issuance of common stock related to share-
based payment awards including income
tax benefit of $5,952 944 10 7,399 — — 7,409 — 7,409
Issuance of common stock related to
acquisitions 691 7 27,484 — — 27,491 — 27,491
Purchases of common stock tendered by
employees to satisfy the required
withholding taxes related to share-based
payment awards (83) (1) (10,201) — — (10,202) — (10,202)
Other comprehensive loss — — — — (11,277) (11,277) — (11,277)
Balance as of December 31, 2011 71,154 $712 $502,551 $ 836,222 $ (6,524) $1,332,961 $ 13,757 $1,346,718
Net income — — — 189,345 — 189,345 12,006 201,351
Cash dividends declared — — — (10,685) — (10,685) — (10,685)
Distribution of noncontrolling interest, net — — — — — — (1,313) (1,313)
Amortization of share-based payment
awards — — 13,610 — — 13,610 — 13,610
Issuance of common stock related to share-
based payment awards including income
tax benefit of $3,681 1,028 9 6,401 — — 6,410 — 6,410
Purchases of common stock tendered by
employees to satisfy the required
withholding taxes related to share-based
payment awards (35) — (4,973) — — (4,973) — (4,973)
Other comprehensive loss — — — — (9,494) (9,494) — (9,494)
Balance as of December 31, 2012 72,147 $721 $517,589 $1,014,882 $(16,018) $1,517,174 $ 24,450 $1,541,624
The accompanying notes are an integral part of these consolidated financial statements.
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