Company: WKC
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001628280-25-019852
Chunk: 21

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 derivatives1.5 16.7 Depreciation and amortization25.6 25.3 Noncash operating lease expense8.6 8.4 Provision for credit losses2.5 3.0 Share-based payment award compensation costs6.8 5.9 Deferred income tax expense (benefit)(32.5)(25.9)Unrealized foreign currency (gains) losses, net4.0 14.4 Asset impairment charges44.5 — Other9.0 6.4 Changes in assets and liabilities, net of acquisitions and divestitures: Accounts receivable, net204.3 36.1 Inventories8.9 11.3 Prepaid expenses0.4 (0.7)Other current assets(2.0)37.0 Cash collateral with counterparties(5.7)122.5 Other non-current assets(29.7)(28.1)Change in derivative assets and liabilities, net1.7 0.3 Accounts payable(210.0)(122.6)Accrued expenses and other current liabilities88.6 (29.5)Other long-term liabilities9.1 2.4 Net cash provided by (used in) operating activities114.4 110.2 Cash flows from investing activities: Capital expenditures(15.2)(17.5)Other investing activities, net9.4 0.6 Net cash provided by (used in) investing activities(5.8)(16.9)Cash flows from financing activities: Borrowings of debt811.0 939.0 Repayments of debt(819.4)(942.9)Dividends paid on common stock(9.7)(8.4)Repurchases of common stock(10.0)— Payments of deferred consideration for acquisitions(0.4)(50.7)Other financing activities, net(4.0)(1.3)Net cash provided by (used in) financing activities(32.4)(64.3)Cash and cash equivalents reclassified as assets held for sale— (6.2)Effect of exchange rate changes on cash and cash equivalents(2.7)(5.8)Net increase (decrease) in cash and cash equivalents73.5 17.1 Cash and cash equivalents, as of the beginning of the period382.9 304