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World Kinect WKC Land — Provision for Credit Losses

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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:ProvisionForDoubtfulAccounts.

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
Incentive compensation(21.0)(5.0)(8.9)(34.8)
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

Item 1. Financial Statements (Unaudited)

FAQ

What is World Kinect's land — provision for credit losses?
World Kinect (WKC) reported land — provision for credit losses of $4M in Q2 2026.
How has World Kinect's land — provision for credit losses changed year-over-year?
World Kinect's land — provision for credit losses increased by 700.0% year-over-year, from $500K to $4M.
What is the long-term trend for World Kinect's land — provision for credit losses?
Over 2 years (2022 to 2024), World Kinect's land — provision for credit losses has grown at a 60.9% compound annual growth rate (CAGR), from $3.9M to $10.1M.
What does land — provision for credit losses mean?
This represents the estimated expense recognized for potential uncollectible accounts receivable within the Land segment. It reflects the company's assessment of credit risk associated with its customer base and the likelihood of payment defaults. A rising provision may indicate deteriorating credit quality among customers or broader economic headwinds affecting the segment's client portfolio.

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