WORLD KINECT CORP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
WKC$35.83+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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(ii)Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $304.3 | $298.4 |
| Accounts receivable, net of allowance for credit losses of $18.3 million and $14.1 million as of December 31, 2023 and 2022, respectively | 2,735.5 | 3,294.1 |
| Inventories | 664.6 | 779.9 |
| Prepaid expenses | 77.6 | 83.6 |
| Short-term derivative assets, net | 275.4 | 302.1 |
| Other current assets | 446.4 | 479.9 |
| Total current assets | 4,503.8 | 5,238.1 |
| Property and equipment, net | 515.3 | 484.2 |
| Goodwill | 1,238.0 | 1,233.0 |
| Identifiable intangible assets, net | 299.7 | 336.2 |
| Other non-current assets | 818.6 | 873.2 |
| Total assets | $7,375.3 | $8,164.6 |
| Liabilities: | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $78.8 | $15.8 |
| Accounts payable | 3,097.6 | 3,529.5 |
| Short-term derivative liabilities, net | 128.2 | 325.2 |
| Accrued expenses and other current liabilities | 745.0 | 738.2 |
| Total current liabilities | 4,049.7 | 4,608.6 |
| Long-term debt | 809.1 | 829.9 |
| Other long-term liabilities | 566.9 | 735.3 |
| Total liabilities | 5,425.7 | 6,173.8 |
| Commitments and contingencies | ||
| Equity: | ||
| 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, 59.8 and 62.0 issued and outstanding as of December 31, 2023 and 2022, respectively | 0.6 | 0.6 |
| Capital in excess of par value | 109.6 | 182.4 |
| Retained earnings | 1,981.6 | 1,962.5 |
| Accumulated other comprehensive income (loss) | (148.9) | (160.6) |
| Total World Kinect shareholders' equity | 1,943.0 | 1,984.9 |
| Noncontrolling interest | 6.7 | 5.9 |
| Total equity | 1,949.6 | 1,990.7 |
| Total liabilities and equity | $7,375.3 | $8,164.6 |
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