Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 35

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 35
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.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)(30.7)(18.5)Unrealized foreign currency (gains) losses, net30.6 (16.5)21.7 Asset impairment charges29.0 32.8 0.6 Other16.6 25.2 23.2 Changes in assets and liabilities, net of acquisitions and divestitures:  Accounts receivable, net259.1 569.2 (870.7)Inventories133.0 186.8 (252.1)Prepaid expenses(2.3)6.7 (25.2)Other current assets20.7 (30.5)(124.2)Cash collateral with counterparties105.4 168.9 (252.9)Other non-current assets(117.7)(88.0)(12.3)Change in derivative assets and liabilities, net(3.4)(4.7)2.9 Accounts payable(355.9)(441.9)1,107.5 Accrued expenses and other current liabilities(164.1)(48.0)147.8 Other long-term liabilities33.7 (10.1)(80.7)Net cash provided by (used in) operating activities259.9 271.3 138.5 Cash flows from investing activities:  Acquisition of business, net of cash acquired(40.0)(13.7)(643.9)Proceeds from sale of business, net of divested cash209.0 9.3 — Capital expenditures(68.2)(87.6)(78.6)Other investing activities, net(36.3)(9.1)(2.5)Net cash provided by (used in) investing activities64.5 (101.1)(724.9)Cash flows from financing activities:   Borrowings of debt3,844.0 5,921.8 6,944.9 Repayments of debt(3,876.2)(6,224.4)(6,611.2)Issuance of Convertible Notes— 350.0 —