Company: WKC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000789460-25-000019
Chunk: 29

Company: WORLD KINECT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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.3 (1.4)106.9 Cash dividends declared— — — (10.1)— (10.1)— (10.1)Amortization of share-based payment awards— — 6.0 — — 6.0 — 6.0 Issuance (cancellation) of common stock related to share-based payment awards0.3 — — — — — — — Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards— — (3.9)— — (3.9)— (3.9)Purchases of common stock(1.1)— (29.4)— — (29.4)— (29.4)Other comprehensive income (loss)— — — — 9.4 9.4 — 9.4 Balance as of June 30, 202459.1 $0.6 $87.0 $2,097.0 $(152.3)$2,032.3 $5.1 $2,037.4 

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 Six Months Ended June 30, 20252024Cash flows from operating activities:  Net income (loss) including noncontrolling interest$(360.4)$134.1 Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities: Unrealized (gain) loss on derivatives13.6 46.4 (Gain) loss on sale of business81.7 (96.0)Depreciation and amortization49.5 49.8 Noncash operating lease expense18.9 16.0 Provision for credit losses4.1 4.0 Share-based payment award compensation costs9.2 11.8 Deferred income tax expense (benefit)(139.8)(31.5)Unrealized foreign currency (gains) losses, net2.3 14.1 Goodwill and other asset impairment charges443.1 2.4 Other12.4