Company: WKC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000789460-25-000019
Chunk: 30

Company: WORLD KINECT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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11.7 Changes in assets and liabilities, net of acquisitions and divestitures: Accounts receivable, net168.6 114.7 Inventories20.0 18.5 Prepaid expenses(7.6)(10.4)Other current assets15.6 16.1 Cash collateral with counterparties15.0 79.4 Other non-current assets(56.2)(66.5)Change in derivative assets and liabilities, net2.0 (4.2)Accounts payable(90.0)(102.8)Accrued expenses and other current liabilities(73.3)(45.9)Other long-term liabilities13.8 16.3 Net cash provided by (used in) operating activities142.6 178.1 Cash flows from investing activities: Proceeds from sale of business, net of divested cash23.4 200.4 Capital expenditures(30.1)(32.1)Other investing activities, net1.9 (4.5)Net cash provided by (used in) investing activities(4.8)163.8 Cash flows from financing activities: Borrowings of debt1,624.0 1,885.0 Repayments of debt(1,682.8)(1,896.1)Dividends paid on common stock(19.2)(18.5)Repurchases of common stock(45.0)(29.1)Payments of deferred consideration for acquisitions(0.4)(50.9)Other financing activities, net(7.6)(5.1)Net cash provided by (used in) financing activities(131.1)(114.7)Effect of exchange rate changes on cash and cash equivalents13.6 (7.0)Net increase (decrease) in cash and cash equivalents20.3 220.3 Cash and cash equivalents, as of the beginning of the period382.9 304.3 Cash and cash equivalents, as of the end of the period$403.2 $524.6 

Supplemental Disclosure of Noncash Investing and Financing Activities

Right of use assets obtained in exchange for new operating lease liabilities were $22.9 million during the six months ended June 30, 2025.

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.5

WORLD KINECT CORPORATION NOTES TO THE CON