Company: WKC
Filing Date: 2025-10-24
Form Type: 10-Q
Source: 0000789460-25-000030
Chunk: 30

Company: WORLD KINECT CORP
Filing Date: 2025-10-24
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 expenses(11.8)(16.4)Other current assets(48.9)3.1 Cash collateral with counterparties27.6 76.7 Other non-current assets(55.5)(84.9)Change in derivative assets and liabilities, net6.2 (5.8)Accounts payable(90.2)(353.6)Accrued expenses and other current liabilities(38.3)(43.2)Other long-term liabilities(0.1)18.5 Net cash provided by (used in) operating activities258.7 139.6 Cash flows from investing activities: Proceeds from sale of business, net of divested cash23.4 200.1 Capital expenditures(44.2)(50.3)Other investing activities, net16.0 (50.9)Net cash provided by (used in) investing activities(4.8)98.9 Cash flows from financing activities: Borrowings of debt2,201.0 2,747.0 Repayments of debt(2,281.7)(2,766.1)Dividends paid on common stock(30.3)(28.6)Repurchases of common stock(45.0)(57.4)Payments of deferred consideration for acquisitions(0.4)(51.3)Other financing activities, net(7.3)(6.1)Net cash provided by (used in) financing activities(163.7)(162.6)Effect of exchange rate changes on cash and cash equivalents0.5 (6.4)Net increase (decrease) in cash and cash equivalents90.7 69.5 Cash and cash equivalents, as of the beginning of the period382.9 304.3 Cash and cash equivalents, as of the end of the period$473.6 $373.8 

Supplemental Disclosure of Noncash Investing and Financing Activities

Right of use assets obtained in exchange for new operating lease liabilities were $35.3 million and $24.9 million during the nine months ended September 30, 2025 and 2024, respectively.

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.5

WORLD KINECT CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. Basis of Presentation, New Accounting Standards, and Significant Accounting PoliciesGeneral