Company: WKC
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001628280-25-019852
Chunk: 84

Company: WORLD KINECT CORP
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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 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.

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9. Shareholders' Equity

Cash DividendsDuring the three months ended March 31, 2025, the Company's Board of Directors (the "Board") declared quarterly cash dividends of $0.17 per common share representing quarterly dividends of $9.6 million, which were paid on April 16, 2025. During the three months ended March 31, 2024, the Board declared quarterly cash dividends of $0.17 per common share representing quarterly dividends of $10.1 million, which were paid on April 16, 2024.

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 than the U.S. dollar and unrealized gains (losses) from derivative instruments designated as cash flow hedges. The after-tax changes in Accumulated other comprehensive income (loss) by component were as follows (in millions):Foreign Currency Translation AdjustmentsCash Flow HedgesAccumulated Other Comprehensive Income (Loss)Balance as of January 1, 2025$(92.2)$1.2 $(91.0)Other comprehensive income (loss) before reclassifications12.6 (0.8)11.7 Amounts reclassified from Accumulated other comprehensive income (loss)— (1.8)(1.8)Balance as of March 31, 2025$(79.6)$(1.4)$(81.0)Balance as of January 1, 2024$(159.6)$10.8 $(148.9)Other comprehensive income (loss) before reclassifications(11.8)1.3 (10.5)Amounts reclassified from Accumulated other comprehensive income (loss)— (2.4)(2.4)Balance as of March 31, 2024$(171.5)$9.7 $(161.7)

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10. Revenue from Contracts with CustomersDisaggregated RevenueThe following table presents our revenues from contracts with customers disaggregated by major geographic areas in which we conduct business (in millions):For the Three Months Ended March 31,20252024Aviation$263.3 $