World Kinect Corp (WKC) financial statements: income statement, balance sheet and cash flow
World Kinect Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), World Kinect Corp reported revenue of $36.9B (-12.5% year on year) and net income of ($614.4M) (-1011.6% year on year).
Income statement
World Kinect Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$36.9B
$42.2B
$47.7B
$59.0B
Cost of revenue
$36.0B
$41.1B
$46.7B
$58.0B
Gross profit
$947.8M
$1.0B
$1.1B
$1.1B
Compensation and employee benefits
$437.4M
$482.5M
$512.3M
$507.4M
General and administrative
$282.5M
$297.1M
$308.0M
$308.7M
Goodwill and other asset impairments
$689.6M
$29.0M
$32.8M
$600.0K
Restructuring and Exit Activities Charges
$103.1M
$7.1M
$7.2M
($800.0K)
Total operating expenses
$1.5B
$815.7M
$860.2M
$815.8M
Income (loss) from operations
($564.7M)
$210.6M
$198.0M
$273.2M
Interest expense and other financing costs, net
($100.6M)
($102.2M)
($127.7M)
($110.6M)
Other income (expense), net
($74.3M)
($12.9M)
($3.6M)
($17.5M)
Total non-operating income (expense), net
($174.9M)
($115.1M)
($131.3M)
($128.1M)
Income (loss) before income taxes
($739.7M)
$95.5M
$66.7M
$145.1M
Income tax expense (benefit)
($127.9M)
$27.6M
$13.0M
$29.2M
Net income (loss) attributable to noncontrolling interest
$2.7M
$500.0K
$800.0K
$1.7M
Net income (loss) attributable to World Kinect
($614.4M)
$67.4M
$52.9M
$114.1M
Basic earnings (loss) per common share (in dollars per share)
-$10.99
$1.14
$0.86
$1.83
Basic weighted average common shares (in shares)
55.9M
59.0M
61.4M
62.3M
Diluted earnings (loss) per common share (in dollars per share)
-$10.99
$1.13
$0.86
$1.82
Diluted weighted average common shares (in shares)
55.9M
59.5M
61.7M
62.7M
Net income (loss) including noncontrolling interest
($611.7M)
$67.9M
$53.7M
$115.9M
Foreign currency translation adjustments
$74.6M
$67.4M
$19.9M
($45.5M)
Cash flow hedges, net of income tax expense (benefit) of ($0.3), ($3.5), and ($2.7) for 2025, 2024, and 2023, respectively
($900.0K)
($9.6M)
($8.1M)
$21.6M
Total other comprehensive income (loss)
$73.7M
$57.9M
$11.8M
($24.0M)
Comprehensive income (loss) including noncontrolling interest
($538.0M)
$125.8M
$65.5M
$91.9M
Comprehensive income (loss) attributable to noncontrolling interest
$2.7M
$500.0K
$800.0K
$1.7M
Comprehensive income (loss) attributable to World Kinect
($540.7M)
$125.3M
$64.7M
$90.2M
World Kinect Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Revenue
$13.6B
$9.7B
$9.4B
$9.0B
Cost of revenue
$13.2B
$9.4B
$9.1B
$8.8B
Gross profit
$365.1M
$271.2M
$249.6M
$232.4M
Compensation and employee benefits
$145.3M
$130.8M
$112.4M
$105.5M
General and administrative
$117.5M
$77.4M
$69.5M
$67.3M
Goodwill and other asset impairments
($2.7M)
$0
$0
$398.6M
Restructuring and exit costs
$8.9M
$6.7M
$4.9M
$6.0M
Total operating expenses
$269.1M
$214.9M
$186.8M
$577.5M
Income (loss) from operations
$96.1M
$56.3M
$62.9M
($345.1M)
Interest expense and other financing costs, net
($30.6M)
($26.3M)
($25.9M)
($25.7M)
Other income (expense), net
$800.0K
$2.2M
$1.8M
($78.0M)
Total non-operating income (expense), net
($29.8M)
($24.1M)
($24.0M)
($103.6M)
Income (loss) before income taxes
$66.3M
$32.2M
$38.8M
($448.7M)
Income tax expense (benefit)
$16.6M
$6.6M
$10.7M
($109.6M)
Net income (loss) attributable to noncontrolling interest
$1.4M
($700.0K)
$2.4M
$300.0K
Net income (loss) attributable to World Kinect
$48.4M
$26.2M
$25.7M
($339.4M)
Basic earnings (loss) per common share
$0.94
$0.51
$0.46
-$6.06
Basic weighted average common shares
51.3M
51.7M
55.6M
56.0M
Diluted earnings (loss) per common share
$0.94
$0.50
$0.46
-$6.06
Diluted weighted average common shares
51.6M
52.0M
55.9M
56.0M
Net income (loss) including noncontrolling interest
$49.8M
$25.6M
$28.1M
($339.1M)
Foreign currency translation adjustments
($300.0K)
($1.1M)
($300.0K)
$61.7M
Cash flow hedges, net of income tax expense (benefit) of $9.3 and $0.5 for the three months ended June 30, 2026 and 2025, respectively, and net of income tax expense (benefit) of $(5.1) and $(0.4) for the six months ended June 30, 2026 and 2025, respectively
$27.1M
($41.1M)
($300.0K)
$1.4M
Total other comprehensive income (loss)
$26.8M
($42.2M)
($600.0K)
$63.1M
Comprehensive income (loss) including noncontrolling interest
$76.6M
($16.6M)
$27.5M
($276.0M)
Comprehensive income (loss) attributable to noncontrolling interest
$1.4M
($700.0K)
$2.4M
$300.0K
Comprehensive income (loss) attributable to World Kinect
$75.2M
($16.0M)
$25.1M
($276.2M)
Balance sheet
World Kinect Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$193.5M
$382.9M
$304.3M
$298.4M
Accounts receivable, net of allowance for credit losses of $15.6 million and $22.5 million as of December 31, 2025 and 2024, respectively
$2.2B
$2.4B
$2.7B
$3.3B
Inventories
$454.2M
$513.5M
$664.6M
$779.9M
Prepaid expenses
$86.6M
$71.4M
$77.6M
$83.6M
Short-term derivative assets, net
$100.5M
$176.5M
$275.4M
$302.1M
Other current assets
$457.2M
$382.2M
$446.4M
$479.9M
Total current assets
$3.5B
$4.0B
$4.5B
$5.2B
Property and equipment, net
$348.4M
$513.3M
$515.3M
$484.2M
Goodwill
$737.5M
$1.2B
$1.2B
$1.2B
Identifiable intangible assets, net
$311.7M
$261.2M
$299.7M
$336.2M
Other non-current assets
$965.9M
$816.4M
$818.6M
$873.2M
Total assets
$5.9B
$6.7B
$7.4B
$8.2B
Current maturities of long-term debt
$11.9M
$84.0M
$78.8M
$15.8M
Accounts payable
$2.6B
$2.7B
$3.1B
$3.5B
Short-term derivative liabilities, net
$52.7M
$91.5M
$128.2M
$325.2M
Accrued expenses and other current liabilities
$658.9M
$535.8M
$745.0M
$469.3M
Total current liabilities
$3.3B
$3.4B
$4.0B
$4.6B
Long-term debt
$685.2M
$796.8M
$809.1M
$829.9M
Other long-term liabilities
$560.4M
$541.2M
$566.9M
$522.5M
Total liabilities
$4.6B
$4.8B
$5.4B
$6.2B
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued
0
0
0
0
Common stock, $0.01 par value; 100.0 shares authorized, 54.1 and 56.7 issued and outstanding as of December 31, 2025 and 2024, respectively
500.0K
600.0K
600.0K
600.0K
Capital in excess of par value
$0
$30.0M
$109.6M
$182.4M
Retained earnings
$1.3B
$2.0B
$2.0B
$2.0B
Accumulated other comprehensive income (loss)
($17.3M)
($91.0M)
($148.9M)
($160.6M)
Total World Kinect shareholders' equity
$1.3B
$1.9B
$1.9B
$2.0B
Noncontrolling interest
$8.8M
$7.2M
$6.7M
$5.9M
Total equity
$1.3B
$2.0B
$1.9B
$2.0B
Total liabilities and equity
$5.9B
$6.7B
$7.4B
$8.2B
World Kinect Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and cash equivalents
$135.3M
$151.1M
$473.6M
$403.2M
Accounts receivable, net of allowance for credit losses of $48.6 million and $15.6 million as of June 30, 2026 and December 31, 2025, respectively
$2.9B
$2.8B
$2.1B
$2.1B
Inventories
$579.3M
$739.2M
$501.3M
$474.9M
Prepaid expenses
$76.4M
$100.5M
$79.9M
$75.7M
Short-term derivative assets, net
$79.7M
$87.4M
$122.6M
$136.4M
Other current assets
$403.1M
$469.1M
$381.4M
$337.4M
Total current assets
$4.2B
$4.4B
$3.6B
$3.6B
Property and equipment, net
$349.4M
$347.4M
$448.0M
$451.3M
Goodwill
$739.7M
$739.9M
$825.5M
$825.8M
Identifiable intangible assets, net
$296.7M
$304.7M
$238.9M
$247.8M
Other non-current assets
$997.2M
$1.0B
$910.4M
$958.2M
Total assets
$6.6B
$6.8B
$6.1B
$6.1B
Current maturities of long-term debt
$8.7M
$9.1M
$28.8M
$43.2M
Accounts payable
$3.3B
$3.4B
$2.5B
$2.5B
Short-term derivative liabilities, net
$64.3M
$75.2M
$61.8M
$73.8M
Accrued expenses and other current liabilities
$660.0M
$703.4M
$539.5M
$495.6M
Total current liabilities
$4.0B
$4.2B
$3.2B
$3.1B
Long-term debt
$736.6M
$789.6M
$766.6M
$775.2M
Other long-term liabilities
$610.0M
$600.8M
$513.9M
$525.0M
Total liabilities
$5.3B
$5.6B
$4.4B
$4.4B
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued
0
0
0
0
Common stock, $0.01 par value; 100.0 shares authorized, 51.2 and 54.1 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
500.0K
500.0K
600.0K
600.0K
Capital in excess of par value
$0
$0
$5.2M
$0
Retained earnings
$1.3B
$1.3B
$1.6B
$1.6B
Accumulated other comprehensive income (loss)
($32.7M)
($59.5M)
($18.5M)
($17.9M)
Total World Kinect shareholders' equity
$1.3B
$1.2B
$1.6B
$1.6B
Noncontrolling interest
$9.5M
$8.1M
$8.6M
$6.2M
Total equity
$1.3B
$1.2B
$1.6B
$1.6B
Total liabilities and equity
$6.6B
$6.8B
$6.1B
$6.1B
Cash flow statement
World Kinect Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income (loss) including noncontrolling interest
($611.7M)
$67.9M
$53.7M
$115.9M
Unrealized (gain) loss on derivatives
$28.3M
$24.9M
($267.5M)
$179.9M
(Gain) loss on sale of business
$81.9M
$15.2M
—
—
Depreciation and amortization
$98.2M
$106.4M
$104.5M
$107.8M
Noncash operating lease expense
$37.1M
$36.0M
$34.7M
—
Provision for credit losses
$3.9M
$12.0M
$4.7M
$7.7M
Share-based payment award compensation costs
$25.5M
$28.1M
$24.2M
$17.6M
Deferred income tax expense (benefit)
($176.4M)
($15.3M)
($30.7M)
($18.5M)
Unrealized foreign currency (gains) losses, net
$14.4M
$30.6M
($16.5M)
$21.7M
Goodwill and other asset impairments
$689.6M
—
—
—
Other
$44.8M
$16.6M
$23.0M
($800.0K)
Accounts receivable, net
$106.4M
$259.1M
$569.2M
($870.7M)
Inventories
$1.0M
$133.0M
$186.8M
($252.1M)
Prepaid expenses
($18.7M)
($2.3M)
$6.7M
($25.2M)
Other current assets
($26.9M)
$20.7M
($30.5M)
($121.8M)
Cash collateral with counterparties
$44.8M
$105.4M
$168.9M
($252.9M)
Other non-current assets
($92.0M)
($117.7M)
($88.0M)
($133.9M)
Change in derivative assets and liabilities, net
$7.8M
($3.4M)
($4.7M)
—
Accounts payable
($32.6M)
($355.9M)
($441.9M)
$1.1B
Accrued expenses and other current liabilities
$45.0M
($164.1M)
($48.0M)
$78.2M
Other long-term liabilities
$22.4M
$33.7M
($10.1M)
—
Net cash provided by (used in) operating activities
$292.9M
$259.9M
$271.3M
$138.5M
Acquisition of business, net of cash acquired
($153.6M)
($40.0M)
($13.7M)
($643.9M)
Proceeds from sale of business, net of divested cash
$23.4M
$209.0M
$9.3M
$0
Capital expenditures
($65.6M)
($68.2M)
($87.6M)
($78.6M)
Other investing activities, net
$25.9M
($36.3M)
($9.1M)
($2.5M)
Net cash provided by (used in) investing activities
($170.0M)
$64.5M
($101.1M)
($724.9M)
Borrowings of debt
$3.6B
$3.8B
$5.9B
$6.9B
Repayments of debt
($3.8B)
($3.9B)
($6.2B)
($6.6B)
Issuance of Convertible Notes
$0
$0
$350.0M
—
Dividends paid on common stock
($41.3M)
($38.5M)
($34.0M)
($31.0M)
Repurchases of common stock
($85.0M)
($100.0M)
($60.1M)
($48.7M)
Purchase of convertible note hedges
$0
$0
($70.5M)
—
Sale of warrants
$0
$0
$40.0M
—
Payments of deferred consideration for acquisitions
($7.2M)
($51.8M)
($62.9M)
—
Other financing activities, net
($9.9M)
($8.0M)
($12.2M)
($16.6M)
Net cash provided by (used in) financing activities
($315.1M)
($230.6M)
($152.4M)
$237.3M
Cash and cash equivalents
($600.0K)
—
—
—
Effect of exchange rate changes on cash and cash equivalents
$3.4M
($15.2M)
($12.0M)
($4.7M)
Net increase (decrease) in cash and cash equivalents
($189.4M)
$78.7M
$5.9M
($353.8M)
Cash and cash equivalents, as of the beginning of the period
$382.9M
$304.3M
$298.4M
$652.2M
Cash and cash equivalents, as of the end of the period
$193.5M
$382.9M
$304.3M
$298.4M
World Kinect Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income (loss) including noncontrolling interest
$75.3M
$25.6M
($332.2M)
($360.4M)
Unrealized (gain) loss on derivatives
$25.1M
$10.5M
$24.9M
$13.6M
(Gain) loss on sale of business
($1.2M)
—
$81.7M
$81.7M
Depreciation and amortization
$40.2M
$20.0M
$73.0M
$49.5M
Noncash operating lease expense
$17.5M
$7.6M
$27.1M
$18.9M
Provision for credit losses
$35.5M
$5.9M
$5.7M
$4.1M
Share-based payment award compensation costs
$14.6M
$7.5M
$13.8M
$9.2M
Deferred income tax expense (benefit)
$18.0M
$5.4M
($113.3M)
($139.8M)
Unrealized foreign currency (gains) losses, net
$6.6M
($6.4M)
$17.0M
$2.3M
Goodwill and other asset impairments
($2.7M)
$0
$443.1M
$443.1M
Other
$3.1M
($400.0K)
$16.7M
$12.4M
Accounts receivable, net
($750.7M)
($629.3M)
$219.2M
$168.6M
Inventories
($123.6M)
($260.5M)
($7.0M)
$20.0M
Prepaid expenses
$9.4M
($12.9M)
($11.8M)
($7.6M)
Other current assets
($42.2M)
($14.3M)
($48.9M)
$15.6M
Cash collateral with counterparties
($5.8M)
($35.7M)
$27.6M
$15.0M
Other non-current assets
($76.3M)
($47.3M)
($55.5M)
($56.2M)
Change in derivative assets and liabilities, net
($8.1M)
($19.7M)
$6.2M
$2.0M
Accounts payable
$647.9M
$825.1M
($90.2M)
($90.0M)
Accrued expenses and other current liabilities
$5.6M
$43.1M
($38.3M)
($73.3M)
Other long-term liabilities
$44.3M
$29.5M
($100.0K)
$13.8M
Net cash provided by (used in) operating activities
($67.7M)
($46.4M)
$258.7M
$142.6M
Proceeds from divestiture of businesses, net of cash divested
$84.5M
—
$23.4M
$23.4M
Capital expenditures
($27.6M)
($13.8M)
($44.2M)
($30.1M)
Other investing activities, net
$7.8M
$2.2M
$16.0M
$1.9M
Net cash provided by (used in) investing activities
$64.7M
($11.6M)
($4.8M)
($4.8M)
Borrowings of debt
$3.0B
$1.5B
$2.2B
$1.6B
Repayments of debt
($3.0B)
($1.4B)
($2.3B)
($1.7B)
Dividends paid on common stock
($20.9M)
($10.7M)
($30.3M)
($19.2M)
Repurchases of common stock
($89.3M)
($75.0M)
($45.0M)
($45.0M)
Other financing activities, net
$3.0M
($900.0K)
($7.3M)
($7.6M)
Net cash provided by (used in) financing activities
($57.5M)
$15.4M
($163.7M)
($131.1M)
Effect of exchange rate changes on cash and cash equivalents
$2.3M
$500.0K
$500.0K
$13.6M
Net increase (decrease) in cash and cash equivalents
($58.2M)
($42.4M)
$90.7M
$20.3M
Cash and cash equivalents, as of the beginning of the period
$193.5M
$193.5M
$382.9M
$382.9M
Cash and cash equivalents, as of the end of the period