Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 23

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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WORLD KINECT CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited - In millions, except per share data) 

September 30, 2025December 31, 2024Assets:  Current assets:  Cash and cash equivalents$473.6 $382.9 Accounts receivable, net of allowance for credit losses of $19.9 million and $22.5 million as of September 30, 2025 and December 31, 2024, respectively2,078.7 2,432.6 Inventories501.3 513.5 Prepaid expenses79.9 71.4 Short-term derivative assets, net122.6 176.5 Other current assets381.4 382.2 Total current assets3,637.5 3,959.2 Property and equipment, net448.0 513.3 Goodwill825.5 1,181.7 Identifiable intangible assets, net238.9 261.2 Other non-current assets910.4 816.4 Total assets$6,060.4 $6,731.8 Liabilities:  Current liabilities:  Current maturities of long-term debt$28.8 $84.0 Accounts payable2,523.4 2,726.5 Short-term derivative liabilities, net61.8 91.5 Accrued expenses and other current liabilities539.5 535.8 Total current liabilities3,153.4 3,437.8 Long-term debt766.6 796.8 Other long-term liabilities513.9 541.2 Total liabilities4,433.9 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, 55.6 and 56.7 issued and outstanding as of September 30, 2025 and December 31, 2024, respectively0.6 0.6 Capital in excess of par value5.2 30.0 Retained earnings1,630.6 2,009.2 Accumulated other comprehensive income (loss)(18