← WORLD KINECT CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $27.0b | $33.7b | $39.8b | $36.8b | $20.4b | $31.3b | $59.0b | $47.7b | $42.2b | $36.9b | |
| Cost of Goods and Services Sold | $26.1b | $25.3b | $29.8b | $35.7b | $19.5b | $23.5b | $44.3b | $35.8b | $31.6b | $27.7b | |
| Cost of revenue | $26.1b | $32.8b | $38.7b | $35.7b | $19.5b | $30.5b | $58.0b | $46.7b | $41.1b | $36.0b | |
| Gross Profit | $899.0m | $932.2m | $1.0b | $1.1b | $851.8m | $788.2m | $1.1b | $1.1b | $1.0b | $947.8m | |
| Operating Expenses | $710.1m | $886.6m | $758.8m | $812.3m | $714.0m | $645.6m | $815.8m | $860.2m | $815.7m | $1.5b | |
| Total operating expenses | $710.1m | $886.6m | $758.8m | $812.3m | $714.0m | $645.6m | $815.8m | $860.2m | $815.7m | $1.5b | |
| Operating Income (Loss) | $188.9m | $45.6m | $259.7m | $299.7m | $137.9m | $142.6m | $273.2m | $198.0m | $210.6m | ($564.7m) | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $39.7m | $41.9m | $35.9m | $32.9m | $33.1m | $30.1m | $43.4m | $36.2m | $34.1m | $34.6m | |
| Capitalized Computer Software, Amortization | — | — | — | $17.8m | $18.5m | $17.6m | $21.0m | $25.4m | $23.2m | $20.6m | |
| Compensation and employee benefits | $413.3m | $428.2m | $442.1m | $470.4m | $366.9m | $386.7m | $507.4m | $512.3m | $482.5m | $437.4m | |
| Comprehensive income (loss) attributable to World Kinect | $77.9m | ($142.0m) | $123.8m | $166.5m | $123.3m | $69.6m | $90.2m | $64.7m | $125.3m | ($540.7m) | |
| Comprehensive income (loss) attributable to noncontrolling interest | $1.6m | $1.5m | ($1.2m) | ($2.7m) | $0 | $500k | $1.7m | $800k | $500k | $2.7m | |
| Comprehensive income (loss) including noncontrolling interest | $79.5m | ($140.5m) | $122.6m | $163.7m | $123.3m | $70.1m | $91.9m | $65.5m | $125.8m | ($538.0m) | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $5.4m | |
| Foreign currency translation adjustments | ($40.4m) | $30.1m | ($27.3m) | $8.2m | $13.8m | ($13.7m) | ($45.5m) | $19.9m | $67.4m | $74.6m | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | ($6.5m) | — | — | — | |
| General and administrative | $281.4m | $306.9m | $299.6m | $322.2m | $311.1m | $247.6m | $308.7m | $308.0m | $297.1m | $282.5m | |
| Goodwill and other asset impairments | $0 | $91.9m | $0 | $0 | $25.6m | $4.7m | $600k | $32.8m | $29.0m | $689.6m | |
| Goodwill, Impairment Loss | — | $72.3m | $0 | — | $0 | — | — | — | — | $528.3m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($85.4m) | ($152.3m) | ($63.6m) | ($59.1m) | $51.2m | ($47.7m) | ($90.3m) | ($34.8m) | ($20.5m) | ($609.9m) | |
| Income (loss) before income taxes | $142.1m | ($21.1m) | $184.9m | $237.3m | $161.7m | $100.0m | $145.1m | $66.7m | $95.5m | ($739.7m) | |
| Income (loss) from operations | $188.9m | $45.6m | $259.7m | $299.7m | $137.9m | $142.6m | $273.2m | $198.0m | $210.6m | ($564.7m) | |
| Interest Income, Other | — | — | — | — | — | — | — | — | $13.8m | $11.4m | |
| Investment Income, Interest | $4.5m | $6.0m | $3.9m | $6.2m | $3.6m | $7.0m | $6.8m | $7.8m | — | — | |
| Restructuring and Exit Activities Charges | $0 | $59.6m | $17.1m | $19.7m | $10.3m | $6.6m | ($800k) | $7.2m | $7.1m | $103.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $126.4m | $170.3m | $129.0m | $181.1m | $109.6m | $100.0m | $145.1m | $66.7m | $95.5m | ($739.7m) | |
| Total other comprehensive income (loss) | ($47.0m) | $29.8m | ($6.3m) | ($17.3m) | $13.7m | ($4.1m) | ($24.0m) | $11.8m | $57.9m | $73.7m | |
| Net Income (Loss) Attributable to Parent | $126.5m | ($170.2m) | $127.7m | $178.9m | $109.6m | $73.7m | $114.1m | $52.9m | $67.4m | ($614.4m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $126.5m | ($170.2m) | $127.7m | $178.9m | $109.6m | $73.7m | $114.1m | $52.9m | $67.4m | ($614.4m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | ($100k) | $1.3m | $2.2m | $100k | $500k | $1.7m | $800k | $500k | $2.7m | |
| Net income (loss) including noncontrolling interest | $126.4m | ($170.3m) | $129.0m | $181.1m | $109.6m | $74.2m | $115.9m | $53.7m | $67.9m | ($611.7m) | |
| Common Stock, Dividends, Per Share, Declared | $0.24 | $0.24 | $0.24 | $0.36 | $0.40 | $0.48 | $0.52 | $0.56 | $0.68 | $0.77 | |
| Earnings Per Share, Basic | $1.82 | ($2.50) | $1.89 | $2.71 | $1.72 | $1.17 | $1.83 | $0.86 | $1.14 | ($10.99) | |
| Earnings Per Share, Diluted | $1.81 | ($2.50) | $1.89 | $2.69 | $1.71 | $1.16 | $1.82 | $0.86 | $1.13 | ($10.99) | |
| Basic weighted average common shares (in shares) | $69.3m | $68.1m | $67.4m | $66.1m | $63.7m | $62.9m | $62.3m | $61.4m | $59.0m | $55.9m | |
| Diluted weighted average common shares (in shares) | $69.8m | $68.1m | $67.7m | $66.5m | $64.0m | $63.3m | $62.7m | $61.7m | $59.5m | $55.9m | |
| Weighted Average Number of Shares Outstanding, Basic | 69.3m | 68.1m | 67.4m | 66.1m | 63.7m | 62.9m | 62.3m | 61.4m | 59.0m | 55.9m | |
| Weighted Average Number of Shares Outstanding, Diluted | 69.8m | 68.1m | 67.7m | 66.5m | 64.0m | 63.3m | 62.7m | 61.7m | 59.5m | 55.9m | |
| Cash flow hedges, net of income tax expense (benefit) of ($0.3), ($3.5), and ($2.7) for 2025, 2024, and 2023, respectively | ($6.6m) | ($300k) | $21.0m | ($25.5m) | ($100k) | $9.6m | $21.6m | ($8.1m) | ($9.6m) | ($900k) | |
| Current Income Tax Expense (Benefit) | $38.7m | $134.4m | $52.9m | $33.5m | $55.6m | $28.2m | $49.2m | $34.8m | $50.2m | $47.4m | |
| General and Administrative Expense | $281.4m | $306.9m | $299.6m | $322.2m | $311.1m | $247.6m | $308.7m | $308.0m | $297.1m | $282.5m | |
| Interest Expense | $43.7m | $66.3m | $74.8m | $80.0m | $48.6m | $47.2m | $117.4m | $135.5m | $116.0m | $112.0m | |
| Interest expense and other financing costs, net | ($39.2m) | ($60.3m) | ($71.0m) | ($73.9m) | ($44.9m) | ($40.2m) | ($110.6m) | ($127.7m) | ($102.2m) | ($100.6m) | |
| Labor and Related Expense | $413.3m | $428.2m | $442.1m | $470.4m | $366.9m | $386.7m | $507.4m | $512.3m | $482.5m | $437.4m | |
| Nonoperating Income (Expense) | ($46.7m) | ($66.7m) | ($74.8m) | ($62.4m) | $23.9m | ($42.5m) | ($128.1m) | ($131.3m) | ($115.1m) | ($174.9m) | |
| Operating Lease, Expense | — | — | — | — | — | — | — | $34.7m | — | — | |
| Other Nonoperating Income (Expense) | ($7.5m) | ($6.4m) | ($3.8m) | $11.5m | $68.8m | ($2.3m) | ($17.5m) | ($3.6m) | ($12.9m) | ($74.3m) | |
| Other income (expense), net | ($7.5m) | ($6.4m) | ($3.8m) | $11.5m | $68.8m | ($2.3m) | ($17.5m) | ($3.6m) | ($12.9m) | ($74.3m) | |
| Income Tax Expense (Benefit) | $15.7m | $149.2m | $55.9m | $56.2m | $52.1m | $25.8m | $29.2m | $13.0m | $27.6m | ($127.9m) | |
| Interest Income (Expense), Nonoperating, Net | $46.7m | $66.7m | $74.8m | $62.4m | $23.9m | $42.5m | $128.1m | $131.3m | ($102.2m) | ($100.6m) | |
| Total non-operating income (expense), net | ($46.7m) | ($66.7m) | ($74.8m) | ($62.4m) | $23.9m | ($42.5m) | ($128.1m) | ($131.3m) | ($115.1m) | ($174.9m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.