World Fuel Services 2014 Annual Report Download - page 86

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81
As of December 31,
2014 2013
Non-current assets:
United States $ 549,521 $ 560,623
EMEA 591,481 319,339
Asia/Pacific 12,351 2,050
Americas, excluding United States 51,784 41,764
Total $ 1,205,137 $ 923,776
Total assets:
United States $ 1,909,541 $ 2,239,479
EMEA 1,695,200 1,347,020
Asia/Pacific 922,705 817,887
Americas, excluding United States 352,534 334,891
Total $ 4,879,980 $ 4,739,277
(1) Includes revenue related to the United Kingdom of $6.2 billion, $5.0 billion and $5.2 billion for 2014, 2013 and 2012, respectively.
(2) Includes revenue related to Singapore of $9.7 billion, $10.1 billion and $8.4 billion for 2014, 2013 and 2012, respectively.
Major Customers
During each of the years presented on the consolidated statements of income and comprehensive income, none of our
customers accounted for more than 10% of total consolidated revenue.
12. Summary Quarterly Information (Unaudited)
The following is a summary of the unaudited quarterly results for 2014 and 2013 (in thousands, except earnings per share data):
March 31, June 30, September 30, December 31,
2014
(1)
2014
(1)(2)
2014
(1)(2)(3)
2014
(1)(2)(3)(4)
Revenue $ 10,550,896 $ 11,342,475 $ 11,713,463 $ 9,779,555
Gross profit $ 188,032 $ 191,516 $ 214,608 $ 219,466
Net income including noncontrolling interest $ 50,506 $ 46,384 $ 54,460 $ 67,057
Net income attributable to World Fuel $ 50,727 $ 48,226 $ 55,660 $ 67,134
Basic earnings per common share (5) $ 0.72 $ 0.68 $ 0.79 $ 0.95
Diluted earnings per common share $ 0.71 $ 0.68 $ 0.78 $ 0.94
March 31, June 30, September 30, December 31,
2013 2013 2013 2013
Revenue $ 10,184,029 $ 10,479,604 $ 10,493,661 $ 10,404,653
Gross profit $ 182,379 $ 188,458 $ 186,341 $ 195,580
Net income including noncontrolling interest $ 51,111 $ 52,357 $ 50,297 $ 53,395
Net income attributable to World Fuel $ 48,725 $ 51,016 $ 51,472 $ 51,862
Basic earnings per common share (5) $ 0.68 $ 0.71 $ 0.72 $ 0.73
Diluted earnings per common share (5) $ 0.68 $ 0.71 $ 0.72 $ 0.73
(1) Includes the Watson Petroleum operations since March 7, 2014 as a result of the acquisition.
(2) Includes after-tax executive non-renewal charge of $3.0 million, or $0.04 per basic and diluted share in the second quarter of 2014.
(3) Includes the Colt operations since July 29, 2014 as a result of the acquisition.
(4) Includes after-tax gain on the sale of the crude oil joint venture interests of $9.9 million, or $0.14 per basic and diluted share in the fourth
quarter of 2014.
(5) 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 and diluted earnings per share amounts reported.