Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 108

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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, complaints or proceedings during a particular period could have a material adverse effect on our Condensed Consolidated Financial Statements or disclosures for that period.Our estimates regarding potential losses and materiality are based on our judgment and assessment of the claims utilizing currently available information. Although we will continue to reassess our reserves and estimates based on future developments, our objective assessment of the legal merits of such claims may not always be predictive of the outcome and actual results may vary from our current estimates.When we deem it appropriate and the amounts are reasonably estimable, we establish reserves for potential adjustments to our provision for the accrual of indirect taxes that may result from examinations or other actions by tax authorities. If events occur which indicate payment of these amounts is unnecessary, the reversal of the liabilities will result in the recognition of benefits in the period we determine the liabilities are no longer necessary. If our estimates of any of our federal, state, and foreign indirect tax liabilities are less than the ultimate assessment, it could result in a further charge to expense. Except with respect to the matters described above, we believe that the final outcome of any pending examinations, agreements, administrative or judicial proceedings will not have a material effect on our results of operations or cash flows.See Note 12. Income Taxes for information regarding reserves for uncertain tax positions with respect to our income tax liabilities.

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10. Shareholders' Equity

Cash DividendsDuring the nine months ended September 30, 2025, the Company's Board of Directors (the "Board") declared quarterly cash dividends of $0.17, $0.20, and $0.20 per common share representing first, second and third quarter dividends of $9.6 million, $11.0 million, and $11.0 million, which were paid on April 16, 2025, July 16, 2025, and October 16, 2025, respectively. During the nine months ended September 30, 2024, the Board declared quarterly cash dividends of $0.17 per common share representing first, second and third quarter dividends of $10.1 million, $10.1 million, and $9.9 million, which were paid on April 16, 2024, July 16, 2024, and October 16, 2024, respectively.

Accumulated Other Comprehensive Income (Loss)Our Accumulated other comprehensive income (loss) consists of foreign currency translation adjustments related to our subsidiaries that have a functional currency other