Company: WKC
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001628280-25-019852
Chunk: 89

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 89
---
2025December 31, 2024Accounts receivable, net:Aviation segment$1,036.0 $1,166.2 Land segment692.5 651.1 Marine segment517.3 615.3 Total accounts receivable, net$2,245.8 $2,432.6 Total assets:Aviation segment$2,466.6 $2,548.2 Land segment2,989.1 2,970.6 Marine segment833.5 929.6 Total reportable segment assets6,289.2 6,448.5 Corporate and other299.9 283.3 Total assets$6,589.1 $6,731.8 

19

13. Earnings Per Common ShareThe following table sets forth the computation of basic and diluted earnings per common share for the periods presented (in millions, except per share amounts):For the Three Months Ended March 31,20252024Numerator:Net income (loss) attributable to World Kinect$(21.1)$27.4 Denominator:Weighted average common shares for basic earnings per common share56.8 59.9 Effect of dilutive securities— 0.4 Weighted average common shares for diluted earnings per common share56.8 60.3 Basic earnings (loss) per common share$(0.37)$0.46 Diluted earnings (loss) per common share$(0.37)$0.45 Weighted average securities which are not included in the calculation of diluted earnings per common share because their impact is anti-dilutive or their performance conditions have not been met1.7 1.2 

14. Restructuring and Exit Activities2025 Restructuring PlanDuring the first quarter of 2025, in alignment with the efforts to rationalize our assets and operations, we began a company-wide transformation initiative designed to further streamline our operating model and enhance organizational efficiency and effectiveness. As part of this initiative, we undertook cost management actions in response to the current and projected business needs, including the elimination of certain open positions and the closure of other roles to better align the workforce with our current strategic priorities. As a result, we recognized restructuring charges of $15.0 million during the three months ended March 31, 2025, composed principally of severance costs.Rollforward of Restructuring and Exit Activity Accruals