Company: WKC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000789460-25-000019
Chunk: 25

Company: WORLD KINECT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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)(91.0)Total World Kinect shareholders' equity1,598.6 1,948.7 Noncontrolling interest6.2 7.2 Total equity1,604.8 1,955.9 Total liabilities and equity$6,054.0 $6,731.8 

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.1

WORLD KINECT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND

COMPREHENSIVE INCOME

(Unaudited – In millions, except per share data)

 For the Three Months Ended June 30,For the Six Months Ended June 30, 2025202420252024Revenue$9,043.3 $10,965.2 $18,495.8 $21,916.6 Cost of revenue8,810.9 10,720.0 18,033.0 21,417.2 Gross profit232.4 245.2 462.8 499.3 Operating expenses:    Compensation and employee benefits105.5 119.2 210.6 234.7 General and administrative67.3 72.8 139.7 147.9 Goodwill and other asset impairments398.6 2.4 443.1 2.4 Restructuring charges6.0 5.6 21.0 5.8 Total operating expenses577.5 200.0 814.5 390.9 Income (loss) from operations(345.1)45.2 (351.6)108.5 Non-operating income (expenses), net:    Interest expense and other financing costs, net(25.7)(27.5)(48.5)(56.4)Other income (expense), net(78.0)98.9 (76.6)95.0 Total non-operating income (expense), net(103.6)71.4 (125.1)38.6 Income (loss) before income taxes(448.7)116.6 (476.8)147.1 Provision for income taxes(109.6)9.7 (116.4)13.0 Net income (loss) including noncontrolling interest(339.1)106