Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 132

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 132
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, 56.7 and 59.8 issued and outstanding as of December 31, 2024 and 2023, respectively0.6 0.6 Capital in excess of par value30.0 109.6 Retained earnings2,009.2 1,981.6 Accumulated other comprehensive income (loss)(91.0)(148.9)Total World Kinect shareholders' equity1,948.7 1,943.0 Noncontrolling interest7.2 6.7 Total equity1,955.9 1,949.6 Total liabilities and equity$6,731.8 $7,375.3 

The accompanying Notes are an integral part of these Consolidated Financial Statements.46

Table of Contents

WORLD KINECT CORPORATION 

CONSOLIDATED STATEMENTS OF INCOME AND

COMPREHENSIVE INCOME

(In millions, except earnings per share data)

For the Year Ended December 31,202420232022Revenue$42,168.0 $47,710.6 $59,043.1 Cost of revenue41,141.6 46,652.4 57,954.1 Gross profit1,026.4 1,058.2 1,089.1 Operating expenses:Compensation and employee benefits482.5 512.3 507.4 General and administrative297.1 308.0 308.7 Asset impairments29.0 32.8 0.6 Restructuring charges7.1 7.2 (0.8)Total operating expenses815.7 860.2 815.8 Income from operations210.6 198.0 273.2 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 taxes95.5 66.7 145.1 Provision for income taxes27.6 13.0 29.2 Net income (loss) including noncontrolling interest67.9 53.7 115.9 Net income (loss) attributable to