WORLD KINECT CORP

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

WKC$35.34-1.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

(iii)Consolidated Statements of Income and Comprehensive Income

CONSOLIDATED STATEMENTS OF INCOME AND

COMPREHENSIVE INCOME

(In millions, except earnings per share data)

	For the Year Ended December 31,
	2024	2023	2022
Revenue	$42,168.0	$47,710.6	$59,043.1
Cost of revenue	41,141.6	46,652.4	57,954.1
Gross profit	1,026.4	1,058.2	1,089.1
Operating expenses:
Compensation and employee benefits	482.5	512.3	507.4
General and administrative	297.1	308.0	308.7
Asset impairments	29.0	32.8	0.6
Restructuring charges	7.1	7.2	(0.8)
Total operating expenses	815.7	860.2	815.8
Income from operations	210.6	198.0	273.2
Non-operating income (expenses), net:
Interest expense and other financing costs, net	(102.2)	(127.7)	(110.6)
Other income (expense), net	(12.9)	(3.6)	(17.5)
Total non-operating income (expense), net	(115.1)	(131.3)	(128.1)
Income (loss) before income taxes	95.5	66.7	145.1
Provision for income taxes	27.6	13.0	29.2
Net income (loss) including noncontrolling interest	67.9	53.7	115.9
Net income (loss) attributable to noncontrolling interest	0.5	0.8	1.7
Net income (loss) attributable to World Kinect	$67.4	$52.9	$114.1
Basic earnings (loss) per common share	$1.14	$0.86	$1.83
Basic weighted average common shares	59.0	61.4	62.3
Diluted earnings (loss) per common share	$1.13	$0.86	$1.82
Diluted weighted average common shares	59.5	61.7	62.7
Comprehensive income:
Net income (loss) including noncontrolling interest	$67.9	$53.7	$115.9
Other comprehensive income (loss):
Foreign currency translation adjustments	67.4	19.9	(45.5)
Cash flow hedges, net of income tax expense (benefit) of ($3.5), ($2.7), and $7.6 for 2024, 2023, and 2022, respectively	(9.6)	(8.1)	21.6
Total other comprehensive income (loss)	57.9	11.8	(24.0)
Comprehensive income (loss) including noncontrolling interest	125.8	65.5	91.9
Comprehensive income (loss) attributable to noncontrolling interest	0.5	0.8	1.7
Comprehensive income (loss) attributable to World Kinect	$125.3	$64.7	$90.2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.