Company: WKC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000789460-25-000019
Chunk: 54

Company: WORLD KINECT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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)(5.6)(36.8)Operating income - segment profit (loss)68.0 (4.2)10.4 74.2 Unallocated corporate expenses (3)(29.0)Interest expense and other financing costs, net(27.5)Other income (expense), net98.9 Income (loss) before income taxes$116.6 For the Six Months Ended June 30, 2024AviationLandMarineTotalRevenue$10,512.9 $6,709.0 $4,694.6 $21,916.6 Segment expenses:Cost of revenue(10,276.8)(6,530.9)(4,609.6)(21,417.2)Compensation and related costs(60.1)(88.8)(16.6)(165.5)Incentive compensation(10.7)(3.8)(5.7)(20.2)Corporate allocations (1)(18.6)(8.4)(10.9)(37.9)Depreciation and amortization(8.4)(18.6)(0.6)(27.6)Provision for credit losses(0.5)(3.5)— (4.0)Goodwill and other asset impairments— (2.4)— (2.4)Restructuring charges(0.1)(1.2)(3.3)(4.6)Other segment expenses (2)(25.8)(37.2)(10.8)(73.8)Operating income - segment profit (loss)112.0 14.2 37.2 163.4 Unallocated corporate expenses (3)(54.9)Interest expense and other financing costs, net(56.4)Other income (expense), net95.0 Income (loss) before income taxes$147.1 (1)Includes allocations of compensation costs and general and administrative expenses.(2)Other segment expenses include professional fees, office expenses and general insurance, technology related expenses, travel and entertainment, and other general and administrative expenses.(3)Unallocated corporate expenses include corporate compensation costs and general and administrative expenses which are not allocated to the operating segments, as well as certain asset impairment charges related to equity investments at non-core businesses.

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Information concerning our capital expenditures and depreciation and amortization by segment is as follows (in millions):For the Three Months Ended June 30,