Company: WKC
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0000789460-25-000019
Chunk: 24

Company: WORLD KINECT CORP
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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WORLD KINECT CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited - In millions, except per share data) 

June 30, 2025December 31, 2024Assets:  Current assets:  Cash and cash equivalents$403.2 $382.9 Accounts receivable, net of allowance for credit losses of $22.1 million and $22.5 million as of June 30, 2025 and December 31, 2024, respectively2,143.3 2,432.6 Inventories474.9 513.5 Prepaid expenses75.7 71.4 Short-term derivative assets, net136.4 176.5 Other current assets337.4 382.2 Total current assets3,570.9 3,959.2 Property and equipment, net451.3 513.3 Goodwill825.8 1,181.7 Identifiable intangible assets, net247.8 261.2 Other non-current assets958.2 816.4 Total assets$6,054.0 $6,731.8 Liabilities:  Current liabilities:  Current maturities of long-term debt$43.2 $84.0 Accounts payable2,536.4 2,726.5 Short-term derivative liabilities, net73.8 91.5 Accrued expenses and other current liabilities495.6 535.8 Total current liabilities3,149.0 3,437.8 Long-term debt775.2 796.8 Other long-term liabilities525.0 541.2 Total liabilities4,449.2 4,775.8 Commitments and contingenciesEquity:  World Kinect shareholders' equity:  Preferred stock, $1.00 par value; 0.1 shares authorized, none issued— — Common stock, $0.01 par value; 100.0 shares authorized, 55.5 and 56.7 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively0.6 0.6 Capital in excess of par value— 30.0 Retained earnings1,615.9 2,009.2 Accumulated other comprehensive income (loss)(17.9