Company: WKC
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001628280-25-007620
Chunk: 61

Company: WORLD KINECT CORP
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 61
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 — Payments of deferred consideration for acquisitions(51.8)(62.9)(12.0)Other financing activities, net(8.0)(12.2)(4.6)Net cash provided by (used in) financing activities(230.6)(152.4)237.3 Effect of exchange rate changes on cash and cash equivalents(15.2)(12.0)(4.7)Net increase (decrease) in cash and cash equivalents78.7 5.9 (353.8)Cash and cash equivalents, as of the beginning of the period304.3 298.4 652.2 Cash and cash equivalents, as of the end of the period$382.9 $304.3 $298.4 

The accompanying Notes are an integral part of these Consolidated Financial Statements.49

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WORLD KINECT CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS – (CONTINUED) 

(In millions)

For the Year Ended December 31,202420232022Supplemental Disclosures of Cash Flow InformationCash paid during the year for:Interest, net of capitalized interest$113.6 $130.4 $113.4 Income taxes$60.6 $61.3 $66.6 

The accompanying Notes are an integral part of these Consolidated Financial Statements.50

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WORLD KINECT CORPORATION NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

1. Basis of Presentation, New Accounting Standards, and Significant Accounting PoliciesGeneralWorld Kinect Corporation (the "Company") was incorporated in Florida in July 1984 and along with its consolidated subsidiaries is referred to collectively in this Annual Report on Form 10‑K ("2024 10‑K Report") as "World Kinect," "we," "our" and "us." On June 15, 2023, the Company's shareholders approved an amendment to the Company's Articles of Incorporation, as amended, changing the Company's name from World Fuel Services Corporation to World Kinect Corporation. This change is intended to better reflect the Company's ongoing transformation into a more resilient, diversified energy and solutions provider.We are a global energy management company offering fulfillment and related services across the aviation, marine, and land-based transportation sectors. We also supply natural gas and power in the United States and Europe along with a growing suite of other sustainability-related products and services.