World Kinect (WKC) Change in Taxes (2010 - 2023)
World Kinect's (WKC) quarterly Change in Taxes came in at -$3.6 million in Q4 2023, down 136.36% year-on-year from $9.9 million in Q4 2022, and down 110.65% quarter-over-quarter from $33.8 million in Q3 2023.
World Kinect (WKC) Change in Taxes (2010 - 2023) Analysis & Trends
World Kinect has disclosed Change in Taxes across 14 years of filings, most recently posting -$3.6 million for Q4 2023.
- Change in Taxes for Q4 2023 came in at -$3.6 million, down 136.36% year-over-year; the trailing twelve-month figure through Dec 2023 was -$10.1 million (up 87.48% YoY), and the FY2023 annual result was -$10.1 million, up 87.48% from the prior year.
- Change in Taxes came in at -$3.6 million for Q4 2023 at World Kinect, down from $33.8 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of $146.0 million in Q2 2022 to a low of -$323.2 million in Q3 2022.
- The 5-year median for Change in Taxes is $3.8 million (2020), against an average of -$4.2 million.
- Across the five-year window, Change in Taxes plunged 1208.0% in 2021 and soared 4911.11% in 2022, its largest moves.
- World Kinect's Change in Taxes stood at $93.0 million in 2019, then tumbled by 86.56% to $12.5 million in 2020, then slumped by 1208.0% to -$138.5 million in 2021, then jumped by 107.15% to $9.9 million in 2022, then sank by 136.36% to -$3.6 million in 2023.
- The last three Change in Taxes figures came in at -$3.6 million (Q4 2023), $33.8 million (Q3 2023), and -$1.5 million (Q2 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 77.58 Bn | 82.10 Bn | 3.31 Bn | - |
| 2 | Valero Energy | 77.02 Bn | 74.35 Bn | 30.79 Bn | - |
| 3 | Phillips 66 | 72.14 Bn | 68.14 Bn | 31.12 Bn | 470.00 Mn |
| 4 | HF Sinclair | 12.82 Bn | 11.74 Bn | 1.19 Bn | 9.00 Mn |
| 5 | Sunoco | 8.94 Bn | 8.22 Bn | 1.69 Bn | - |
| 6 | Cosan | 5.09 Bn | 222.07 Mn | 552.94 Mn | - |
| 7 | Icahn Enterprises | 4.71 Bn | 3.41 Bn | -134.00 Mn | - |
| 8 | PBF Energy | 4.49 Bn | 4.08 Bn | 278.50 Mn | - |
| 9 | Cvr Energy | 3.07 Bn | 2.75 Bn | -103.00 Mn | - |
| 10 | World Kinect | 1.64 Bn | 1.41 Bn | 271.20 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -3.60 Mn |
| Dec 31, 2023 | -3.60 Mn |
| Sep 30, 2023 | 33.80 Mn |
| Sep 30, 2023 | 33.80 Mn |
| Jun 30, 2023 | -1.50 Mn |
| Jun 30, 2023 | -1.50 Mn |
| Mar 31, 2023 | -38.80 Mn |
| Mar 31, 2023 | -38.80 Mn |
| Dec 31, 2022 | 9.90 Mn |
| Dec 31, 2022 | 9.90 Mn |
| Sep 30, 2022 | -323.20 Mn |
| Sep 30, 2022 | -323.20 Mn |
| Jun 30, 2022 | 146.00 Mn |
| Jun 30, 2022 | 146.00 Mn |
| Mar 31, 2022 | 86.60 Mn |
| Mar 31, 2022 | 86.60 Mn |
| Dec 31, 2021 | -138.50 Mn |
| Dec 31, 2021 | -138.50 Mn |
| Sep 30, 2021 | 54.10 Mn |
| Sep 30, 2021 | 54.10 Mn |