What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

World Kinect WKC Provision for Credit Losses

Discontinued — last reported Q3 '17

Provision for Credit Losses at other companies

ABM IndustriesABM

-$600K-143%

Segments

By segment

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Aviation$3.2M+146%

Marine$1.4M—

Land$1.3M0.0%

Other financials

Income statement

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Revenue$9.7B+2.5%

Gross profit$271.2M+17.7%

Operating income$56.3M+953%

Net income$26.2M+224%

EPS (diluted)$0.50+235%

Balance sheet

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Cash & equivalents$151.1M-66.9%

Total debt$807.9M-16.3%

Total equity$1.2B-37.3%

Total assets$6.8B+3.2%

Cash flow

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Operating cash flow-$46.4M-141%

CapEx$13.8M-9.2%

Free cash flow-$60.2M-161%

Valuation

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Market cap$1.62B-26.5%

Profitability

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Gross margin2.7%+0.2pp

Operating margin-1.4%-1.7pp

Net margin-1.5%—

FCF margin0.2%—

Returns & leverage

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Return on equity-36.3%—

Debt / equity0.7×+0.2×

Current ratio1×-0.1×

Where this comes from

Reported directly by World Kinect in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForDoubtfulAccounts.

The official record: World Kinect’s 10-Q, filed October 31, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does provision for credit losses mean?: Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.