World Fuel Services 2013 Annual Report Download - page 50

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WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
Capital Accumulated Total Noncontrolling
in Other World Fuel Interest
Common Stock Excess of Retained Comprehensive Shareholders’ (Deficit) Total
Shares Amount Par Value Earnings Income (Loss) Equity Equity Equity
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
Cash dividends declared — — — (10,603) — (10,603) — (10,603)
Initial noncontrolling interest upon
consolidation of joint venture — — — — — — 614 614
Investment by noncontrolling interest — — — — — — 10,411 10,411
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 — — — — — — (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
Net income — — — 203,075 — 203,075 4,085 207,160
Cash dividends declared — — — (10,658) — (10,658) — (10,658)
Investment by noncontrolling interest — — — — — — 17,524 17,524
Distribution of noncontrolling interest — — — — — — (15,489) (15,489)
Deconsolidation of a land segment joint
venture — — — — — — (25,574) (25,574)
Amortization of share-based payment
awards — — 16,075 — — 16,075 — 16,075
Issuance of common stock related to
share-based payment awards including
income tax benefit of $3,301 678 7 3,294 — — 3,301 — 3,301
Purchases of common stock tendered by
employees to satisfy the required
withholding taxes related to share-
based payment awards (16) — (6,768) — — (6,768) — (6,768)
Purchases of common stock (926) (9) (34,991) — — (35,000) — (35,000)
Other comprehensive loss — — — — (13,301) (13,301) — (13,301)
Balance as of December 31, 2013 71,883 $719 $495,199 $1,207,299 $(29,319) $1,673,898 $ 4,996 $1,678,894
The accompanying notes are an integral part of these consolidated financial statements.
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