Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 112

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 112
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114.0)(175.6)(32.7)(322.3)Incentive compensation(26.0)(17.9)(12.6)(56.6)Corporate allocations (1)(37.2)(17.1)(22.1)(76.4)Depreciation and amortization(16.2)(37.8)(1.1)(55.1)Provision for credit losses(2.5)(10.2)0.7 (12.1)Asset impairments(0.1)(6.9)— (7.0)Restructuring charges(0.1)(3.2)(3.3)(6.6)Other segment expenses (2)(49.0)(74.6)(20.4)(144.0)Operating income - segment profit (loss)240.4 41.1 64.8 346.3 Unallocated corporate expenses (3)(135.7)Interest expense and other financing costs, net(102.2)Other income (expense), net(12.9)Income (loss) before income taxes$95.5 

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Table of Contents

For the Year Ended December 31, 2023AviationLandMarineTotalRevenue$23,275.1 $15,189.9 $9,245.6 $47,710.6 Segment expenses:Cost of revenue(22,789.3)(14,790.1)(9,073.0)(46,652.4)Compensation and related costs(124.7)(176.4)(33.1)(334.2)Incentive compensation(31.5)(29.3)(13.2)(74.1)Corporate allocations (1)(40.0)(19.9)(23.8)(83.7)Depreciation and amortization(19.9)(38.3)(1.2)(59.3)Provision for credit losses(2.7)(2.2)0.1 (4.8)Asset impairments(0.8)(12.8)— (13.7)Restructuring charges(1.5)(4.0)— (5.5)Other segment expenses (2)(55.9)(76.8)(19.1)(151.8)Operating income - segment profit (loss)208.8 40.1 82.3 331.2