Company: WKC
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001628280-25-019852
Chunk: 20

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 of March 31, 202556.6 $0.6 $23.1 $1,978.5 $(81.0)$1,921.2 $7.0 $1,928.3 

Common StockCapital inExcess ofPar ValueRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)TotalWorld KinectShareholders'EquityNoncontrollingInterest Equity Total EquitySharesAmountBalance as of December 31, 202359.8 $0.6 $109.6 $1,981.6 $(148.9)$1,943.0 $6.7 $1,949.6 Net income (loss)— — — 27.4 — 27.4 (0.2)27.2 Cash dividends declared— — — (10.1)— (10.1)— (10.1)Amortization of share-based payment awards— — 5.9 — — 5.9 — 5.9 Issuance (cancellation) of common stock related to share-based payment awards0.1 — — — — — — — Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards— — (1.2)— — (1.2)— (1.2)Other comprehensive income (loss)— — — — (12.9)(12.9)— (12.9)Balance as of March 31, 202459.9 $0.6 $114.3 $1,998.8 $(161.7)$1,952.0 $6.5 $1,958.5 

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.3

WORLD KINECT CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited - In millions) For the Three Months Ended March 31, 20252024Cash flows from operating activities:  Net income (loss) including noncontrolling interest$(21.3)$27.2 Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities: Unrealized (gain) loss on