Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 30

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 30
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 industry data; and (iii) whether these assumptions were consistent with evidence obtained in other areas of the audit. Professionals with specialized skill and knowledge were used to assist in evaluating (i) the appropriateness of the income and market approaches and (ii) the reasonableness of the discount rate assumptions.

/s/ PricewaterhouseCoopers LLP

Miami, Florida

February 25, 2025

We have served as the Company’s auditor since 2002.

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Table of Contents

WORLD KINECT CORPORATION

CONSOLIDATED BALANCE SHEETS

(In millions, except per share data)

December 31, 2024December 31, 2023Assets:Current assets:Cash and cash equivalents$382.9 $304.3 Accounts receivable, net of allowance for credit losses of $22.5 million and $18.3 million as of December 31, 2024 and 2023, respectively2,432.6 2,735.5 Inventories513.5 664.6 Prepaid expenses71.4 77.6 Short-term derivative assets, net176.5 275.4 Other current assets382.2 446.4 Total current assets3,959.2 4,503.8 Property and equipment, net513.3 515.3 Goodwill1,181.7 1,238.0 Identifiable intangible assets, net261.2 299.7 Other non-current assets816.4 818.6 Total assets$6,731.8 $7,375.3 Liabilities:Current liabilities:Current maturities of long-term debt$84.0 $78.8 Accounts payable2,726.5 3,097.6 Short-term derivative liabilities, net91.5 128.2 Accrued expenses and other current liabilities535.8 745.0 Total current liabilities3,437.8 4,049.7 Long-term debt796.8 809.1 Other long-term liabilities541.2 566.9 Total liabilities4,775.8 5,425.7 Commitments and contingenciesEquity:World Kinect shareholders' equity:Preferred stock, $1.00 par value; 0.1 shares authorized, none issued— — Common stock, $0.01 par value; 100.0 shares authorized