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World Kinect WKC Land — Goodwill and other asset impairments

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Other financials

Income statement

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Revenue$13.6B+50.3%
Gross profit$365.2M+57.1%
Operating income$96.1M+128%
Net income$48.4M+114%
EPS (diluted)$0.94+116%

Balance sheet

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Cash & equivalents$135.3M-66.4%
Total debt$754.1M-12.5%
Total equity$1.3B-21.3%
Total assets$6.6B+9.0%

Cash flow

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Operating cash flow-$21.3M-176%
CapEx$13.8M-8.0%
Free cash flow-$35.1M-364%

Valuation

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Market cap$1.9B+36.3%
Enterprise value$2.52B+36.0%
P/S0.1×0.0×

Profitability

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Gross margin2.7%+0.1pp
Operating margin-0.1%-0.1pp
Net margin-0.4%
FCF margin0%

Returns & leverage

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Return on equity-12.6%
Debt / equity0.6×+0.1×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by World Kinect in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: World Kinect’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 4:13 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q3 2026
Accession
0000789460-26-000040
Line itemAviationLandMarineTotal
Corporate allocations (1)(12.3)(4.3)(6.8)(23.5)
Depreciation and amortization(5.2)(6.8)(0.3)(12.3)
Provision for credit losses(3.2)(4.0)(22.3)(29.6)
Goodwill and other asset impairments4.0(1.4)2.7
Restructuring and exit costs(0.6)(5.3)(0.1)(6.0)
Other segment expenses (2)(21.1)(20.2)(8.9)(50.2)
Operating income - segment profit (loss)104.86.322.2133.4
Unallocated corporate expenses (3)(37.4)

Item 1. Financial Statements (Unaudited)

FAQ

What is World Kinect's land — goodwill and other asset impairments?
World Kinect (WKC) reported land — goodwill and other asset impairments of -$4M in Q2 2026.
How has World Kinect's land — goodwill and other asset impairments changed year-over-year?
World Kinect's land — goodwill and other asset impairments decreased by 101.1% year-over-year, from $367M to -$4M.
What is the long-term trend for World Kinect's land — goodwill and other asset impairments?
Over 3 years (2022 to 2025), World Kinect's land — goodwill and other asset impairments has grown at a 929.5% compound annual growth rate (CAGR), from $600K to $654.7M.
What does land — goodwill and other asset impairments mean?
This captures non-cash charges recognized when the carrying value of goodwill or long-lived assets within the Land segment exceeds their fair market value. Such impairments often signal that previous acquisitions or capital investments have not met expected performance thresholds or that market conditions have negatively impacted asset utility. High impairment levels are critical indicators of potential strategic misalignments or asset overvaluation.

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