Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 29

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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Cash dividends declared— — — (9.9)— (9.9)— (9.9)Amortization of share-based payment awards— — 5.9 — — 5.9 — 5.9 Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards— — (0.1)— — (0.1)— (0.1)Purchases of common stock(1.0)— (28.6)— — (28.6)— (28.6)Other comprehensive income (loss)— — — — 11.2 11.2 — 11.2 Balance as of September 30, 202458.1 $0.6 $64.3 $2,120.6 $(141.1)$2,044.4 $6.6 $2,051.0 

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.4

WORLD KINECT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited - In millions) For the Nine Months Ended September 30, 20252024Cash flows from operating activities:  Net income (loss) including noncontrolling interest$(332.2)$169.1 Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities: Unrealized (gain) loss on derivatives24.9 32.0 (Gain) loss on sale of business81.7 (96.0)Depreciation and amortization73.0 75.3 Noncash operating lease expense27.1 24.2 Provision for credit losses5.7 5.5 Share-based payment award compensation costs13.8 17.7 Deferred income tax expense (benefit)(113.3)(18.0)Unrealized foreign currency (gains) losses, net17.0 19.4 Goodwill and other asset impairment charges443.1 3.6 Other16.7 17.0 Changes in assets and liabilities, net of acquisitions and divestitures: Accounts receivable, net219.2 252.2 Inventories(7.0)43.1 Prepaid