Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 93

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 93
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9 3,739.7 EMEA9,653.5 10,021.2 12,361.8 Aviation3,785.7 4,167.4 4,703.5 Land918.1 1,010.4 907.1 Marine771.7 806.0 1,099.7 LATAM5,475.5 5,983.8 6,710.3 Aviation10,913.1 13,625.0 16,689.0 Land9,108.6 10,993.5 14,028.8 Marine1,720.9 1,728.7 2,263.7 North America21,742.5 26,347.3 32,981.6 Other revenues (excluded from ASC 606) (1)(104.7)(183.2)(72.9)Total revenue$42,168.0 $47,710.6 $59,043.1 (1)Includes revenue from derivatives, leases, and other transactions that we account for under separate guidance.

Accounts Receivable, Contract Assets, and Contract LiabilitiesThe nature of the receivables related to revenue from contracts with customers and other types of contracts (excluded from ASC 606) are substantially similar, as they are both generated from transactions with the same type of counterparties (e.g., sale of fuel and storage that meet the definition of a lease with the same counterparty) and are entered into utilizing the same credit approval and monitoring procedures for all customers. As such, we believe the risk associated with the cash flows from the different types of receivables is not meaningful to separately disaggregate the accounts receivable balance presented on our Consolidated Balance Sheets. Furthermore, as of December 31, 2024 and 2023, the contract assets and contracts liabilities recognized by the Company were not material.Other Contract BalancesOutside of contract assets and liabilities recognized by the Company, as of December 31, 2024, we had consideration paid to our customers of $55.1 million and $371.4 million classified as current and non-current assets, respectively. As of December 31, 2023, the current and non-current portion were $41.3 million and $286.3 million, respectively. As of December 31, 2024, we had consideration received from our vendors