Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 59

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 59
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.6 Net income (loss)— — — 67.4 — 67.4 0.5 67.9 Cash dividends declared— — — (39.8)— (39.8)— (39.8)Amortization of share-based payment awards— — 28.1 — — 28.1 — 28.1 Issuance (cancellation) of common stock related to share-based payment awards0.5 — — — — — — — Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards— — (6.8)— — (6.8)— (6.8)Purchases of common stock(3.6)— (101.0)— — (101.0)— (101.0)Other comprehensive income (loss)— — — — 57.9 57.9 — 57.9 Balance as of December 31, 202456.7 $0.6 $30.0 $2,009.2 $(91.0)$1,948.7 $7.2 $1,955.9 

The accompanying Notes are an integral part of these Consolidated Financial Statements.48

Table of Contents

WORLD KINECT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In millions)For the Year Ended December 31,202420232022Cash flows from operating activities:Net income (loss) including noncontrolling interest$67.9 $53.7 $115.9 Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:Unrealized (gain) loss on derivatives24.9 (267.5)179.9 (Gain) loss on sale of business15.2 (2.2)7.7 Depreciation and amortization106.4 104.5 107.8 Noncash operating lease expense36.0 34.7 35.0 Provision for credit losses12.0 4.7 7.7 Share-based payment award compensation costs28.1 24.2 17.6 Deferred income tax expense (benefit)(15.3)(30.