World Fuel Services 2003 Annual Report Download

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2003 ANNUAL REPORT

Table of contents

  • Page 1
    2003 ANNUAL REPORT

  • Page 2
    ...global leader in the downstream marketing and financing of aviation and marine fuel products and related services. The major oil companies' marketer of choice in the aviation and shipping industries, World Fuel Services provides fuel to commercial and corporate aircraft and ships at more than 2,200...

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    ...N FINANCIAL HIGHLIGHTS As of, and for the Year Ended December 31, 2003 2002 (In thousands, except diluted earnings per share data and financial ratios...14.3 '02 '03 '02 $127.7 '03 * Includes non-recurring executive severance charges of $4.5 million. ** Reflects two non-recurring, after-tax ...

  • Page 4
    PROVIDING MARINE AND TO OUR SHAREHOLDERS: A global team animated by a keen sense of shared mission can achieve extraordinary things. Never has this been more clearly demonstrated than it was this last year at World Fuel. The Company reported record levels of revenue, volume and earnings for 2003 ...

  • Page 5
    ...: World Fuel Services is anchored by a solid balance sheet. At December 31, 2003, our cash balance was $76 million, with working capital of $106 million and shareholders' equity of $148 million. Total assets at World Fuel exceeded $357 million. On December 19, 2003, the Company announced a new...

  • Page 6
    ... '03 '02 $13.6 '03 FUTURE OUTLOOK: It is a very exciting time at World Fuel Services Corporation. We are extremely proud of our global team and the outstanding performance delivered by our aviation and marine segments. We have successfully expanded our business model and laid a strong foundation...

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    ... and Tinoco (Law Firm, Costa Rica) AVIATION FUEL SERVICES Michael Clementi President and Chief Operating Officer Carlos M. Velazquez CORPORATE HEADQUARTERS Chief Financial Officer World Fuel Services Corporation 9800 Northwest 41st Street, Suite 400 Miami, Florida 33178 Telephone: (305) 428...

  • Page 73
    ..., Crawley West Sussex, England RH10 2XN Telephone: 44 1293 400333 (World Fuel) Fax: 44 1293 404333 (World Fuel) Telephone: 44 1293 400777 (Baseops) Telephone: 44 1293 400888 (AirData) Fax: 44 1293 400666 (AirData) Costa Rica Oficentro Ejecutivo La Sabana Sur Edificio 5, Primer Piso San Jose, Costa...

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    ... President and Chief Operating Officer Michael S. Clementi President and Chief Operating Officer Aviation Division Francis X. Shea Executive Vice President and Chief Financial Officer Robert S. Tocci President and Chief Operating Officer Marine Division R. Alexander Lake, Jr. General Counsel...

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    9800 N.W. 41st Street • Suite 400 • Miami, Florida 33178 (305) 428-8001 • (305) 392-5621 Fax • www.worldfuel.com • (NYSE: INT)