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INT World Fuel Services

Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

Company profile

Ticker
INT
Exchange
CEO
Michael Kasbar
Employees
Incorporated
Location
Fiscal year end
Former names
INTERNATIONAL RECOVERY CORP
SEC CIK
IRS number
592459427

INT stock data

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)

Calendar

28 Feb 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Mar 21 Kasbar Michael J Common Stock Grant Aquire A No No 0 28,410 0 868,527
31 Mar 21 Rau John Peter Common Stock Payment of exercise Dispose F No No 35.2 2,701 95.08K 83,538
31 Mar 21 Crosby Michael Common Stock Payment of exercise Dispose F No No 35.2 2,701 95.08K 72,109
18 Mar 21 Lake Robert Alexander Common Stock Sell Dispose S No Yes 36.93 3,000 110.79K 66,728
15 Mar 21 Birns Ira M Common Stock Grant Aquire A No No 0 9,514 0 128,423
15 Mar 21 Birns Ira M Common Stock Payment of exercise Dispose F No No 35.74 3,073 109.83K 118,909
15 Mar 21 Birns Ira M Common Stock Payment of exercise Dispose F No No 35.74 332 11.87K 121,982
15 Mar 21 Birns Ira M Common Stock Payment of exercise Dispose F No No 35.74 4,167 148.93K 122,314
15 Mar 21 Birns Ira M Stock-Settled Stock Appreciation Right Common Stock Grant Aquire A No No 27.52 46,642 1.28M 46,642

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 233 228 +2.2%
Opened positions 39 25 +56.0%
Closed positions 34 32 +6.3%
Increased positions 74 78 -5.1%
Reduced positions 95 99 -4.0%
13F shares
Current Prev Q Change
Total value 1.86B 1.23B +51.8%
Total shares 59.04M 57.77M +2.2%
Total puts 18.5K 0 NEW
Total calls 12K 10.8K +11.1%
Total put/call ratio 1.5
Largest owners
Shares Value Change
BLK Blackrock 7.11M $221.6M +3.7%
Vanguard 5.86M $182.72M +2.9%
Dimensional Fund Advisors 4.94M $153.97M -1.7%
River Road Asset Management 3.18M $99.24M +18.4%
FMR 3.16M $98.59M +7.7%
Boston Partners 3.01M $93.94M -6.3%
STT State Street 2.38M $74.53M -1.7%
Aqr Capital Management 1.6M $49.94M -31.3%
LSV Asset Management 1.43M $44.65M +5.8%
BMO Bank of Montreal 1.4M $44.9M +24.9%
Largest transactions
Shares Bought/sold Change
Norges Bank 874.94K +874.94K NEW
JHG Janus Henderson 865.16K +865.16K NEW
Deprince Race & Zollo 0 -729.97K EXIT
Aqr Capital Management 1.6M -728.86K -31.3%
Bernzott Capital Advisors 557.47K +557.47K NEW
River Road Asset Management 3.18M +495.66K +18.4%
Grantham, Mayo, Van Otterloo & Co. 439.78K -450.4K -50.6%
Russell Investments 153.09K -439.12K -74.1%
MS Morgan Stanley 507.67K +359.21K +242.0%
BMO Bank of Montreal 1.4M +279.85K +24.9%

Financial report summary

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Competition
Fleetcor
Risks
  • The COVID-19 pandemic and related global economic impacts have had and are likely going to continue to have certain adverse effects on our business, results of operations and financial condition.
  • COVID-19 pandemic related impacts affecting the aviation, marine and land transportation industries may have a material adverse effect on our business.
  • We extend credit to most of our customers in connection with their purchase of fuel and services from us, and financial condition, results of operations and cash flows will be adversely affected if we are unable to collect accounts receivable.
  • A material portion of our profitability is derived from sales to government customers, particularly sales to NATO in Afghanistan, and the loss or material reduction in business from such sales, would likely have a material adverse effect on our results of operations and cash flows.
  • Changes in the market price of fuel may have a material adverse effect on our business.
  • Adverse conditions or events affecting the aviation, marine and land transportation industries may have a material adverse effect on our business.
  • Our physical operations have inherent risks that could negatively impact our business, financial condition and results of operations.
  • If we fail to provide products or services to our customers as agreed, it could adversely affect our business.
  • Implementation of our growth strategy may place a strain on our management, operational and financial resources, as well as our information systems.
  • We may not be able to fully recognize the anticipated benefits of our acquisitions and other strategic investments.
  • Information technology (“IT”) failures and data security breaches, including as a result of cybersecurity attacks, could negatively impact our results of operations and financial condition, subject us to increased operating costs, and expose us to litigation.
  • Economic, political and other risks associated with international sales and operations could adversely affect our business and future operating results.
  • Our business is subject to seasonal variability, which has caused our revenues and operating results to fluctuate and can adversely affect the market price of our shares.
  • A material impairment of our goodwill or intangible assets could reduce our earnings or adversely impact our results of operations.
  • We may be unable to realize the level of benefit that we expect from our restructuring activities and cost reduction initiatives which may hurt our profitability and our business otherwise might be adversely affected.
  • Our business is dependent on our ability to adequately finance our capital requirements and fund our investments, which, if not available to us, would impact our ability to conduct our operations.
  • Our derivative transactions with customers, suppliers, merchants and financial institutions expose us to price and credit risks, which could have a material adverse effect on our business.
  • We are exposed to various risks in connection with our use of derivatives which could have a material adverse effect on our results of operations.
  • Changes in U.S. or foreign tax laws or adverse outcomes from governmental challenges to our tax position could adversely affect our business and future operating results.
  • Our business is subject to extensive laws and regulations, including environmental protection, health and safety, that can result in material costs and liabilities.
  • The data that we collect may be vulnerable to breach, loss or misuse, and our handling of such data may be impacted by changes in data privacy and protection laws and regulations, which could increase operational costs or result in regulatory penalties or litigation.
  • Our international operations subject us to a number of international trade control, anti-money laundering and anti-corruption laws that can impose substantial compliance costs and expose us to civil and/or criminal penalties.
Management Discussion
  • Operating Activities. For the year ended December 31, 2020, net cash provided by operating activities was $604.1 million compared to $228.8 million provided during the year ended December 31, 2019.  The $375.4 million change in operating cash flows was principally due to favorable year-over-year changes in working capital, excluding cash, of $538.6 million, offset by: i) $90.9 million of noncash adjustments principally associated with a gain on sale of a business, ii) decrease of $71.4 million in Net income including noncontrolling interest, iii) $0.8 million decrease in certain other long term assets and liabilities. The changes in working capital, excluding cash, primarily reflect a $1.9 billion net decrease in accounts receivable, inventories, and prepaid expenses, offset by a $1.3 billion net decrease in accounts payable, customer deposits, and accrued expenses and other current liabilities.
Content analysis
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