WORLD KINECT CORP
For the period ended Mar 31, 2026. Filed Apr 24, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 24, 2026
WKC$35.34-1.4%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows for the and
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited - In millions)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) including noncontrolling interest | $25.6 | $(21.3) |
| Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities: | ||
| Unrealized (gain) loss on derivatives | 10.5 | 1.5 |
| Depreciation and amortization | 20.0 | 25.6 |
| Noncash operating lease expense | 7.6 | 8.6 |
| Provision for credit losses | 5.9 | 2.5 |
| Share-based payment award compensation costs | 7.5 | 6.8 |
| Deferred income tax expense (benefit) | 5.4 | (32.5) |
| Unrealized foreign currency (gains) losses, net | (6.4) | 4.0 |
| Goodwill and other asset impairment charges | — | 44.5 |
| Other | (0.4) | 9.0 |
| Changes in assets and liabilities, net of acquisitions and divestitures: | ||
| Accounts receivable, net | (629.3) | 204.3 |
| Inventories | (260.5) | 8.9 |
| Prepaid expenses | (12.9) | 0.4 |
| Other current assets | (14.3) | (2.0) |
| Cash collateral with counterparties | (35.7) | (5.7) |
| Other non-current assets | (47.3) | (29.7) |
| Change in derivative assets and liabilities, net | (19.7) | 1.7 |
| Accounts payable | 825.1 | (210.0) |
| Accrued expenses and other current liabilities | 43.1 | 88.6 |
| Other long-term liabilities | 29.5 | 9.1 |
| Net cash provided by (used in) operating activities | (46.4) | 114.4 |
| Cash flows from investing activities: | ||
| Capital expenditures | (13.8) | (15.2) |
| Other investing activities, net | 2.2 | 9.4 |
| Net cash provided by (used in) investing activities | (11.6) | (5.8) |
| Cash flows from financing activities: | ||
| Borrowings of debt | 1,515.0 | 811.0 |
| Repayments of debt | (1,412.9) | (819.4) |
| Dividends paid on common stock | (10.7) | (9.7) |
| Repurchases of common stock | (75.0) | (10.0) |
| Other financing activities, net | (0.9) | (4.4) |
| Net cash provided by (used in) financing activities | 15.4 | (32.4) |
| Cash and cash equivalents reclassified as assets held for sale | (0.4) | — |
| Effect of exchange rate changes on cash and cash equivalents | 0.5 | (2.7) |
| Net increase (decrease) in cash and cash equivalents | (42.4) | 73.5 |
| Cash and cash equivalents, as of the beginning of the period | 193.5 | 382.9 |
| Cash and cash equivalents, as of the end of the period | $151.1 | $456.4 |
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