WORLD KINECT CORP
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
WKC$35.83+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(ii)Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets: | ||
| Current assets: | ||
| Cash and cash equivalents | $382.9 | $304.3 |
| Accounts receivable, net of allowance for credit losses of $22.5 million and $18.3 million as of December 31, 2024 and 2023, respectively | 2,432.6 | 2,735.5 |
| Inventories | 513.5 | 664.6 |
| Prepaid expenses | 71.4 | 77.6 |
| Short-term derivative assets, net | 176.5 | 275.4 |
| Other current assets | 382.2 | 446.4 |
| Total current assets | 3,959.2 | 4,503.8 |
| Property and equipment, net | 513.3 | 515.3 |
| Goodwill | 1,181.7 | 1,238.0 |
| Identifiable intangible assets, net | 261.2 | 299.7 |
| Other non-current assets | 816.4 | 818.6 |
| Total assets | $6,731.8 | $7,375.3 |
| Liabilities: | ||
| Current liabilities: | ||
| Current maturities of long-term debt | $84.0 | $78.8 |
| Accounts payable | 2,726.5 | 3,097.6 |
| Short-term derivative liabilities, net | 91.5 | 128.2 |
| Accrued expenses and other current liabilities | 535.8 | 745.0 |
| Total current liabilities | 3,437.8 | 4,049.7 |
| Long-term debt | 796.8 | 809.1 |
| Other long-term liabilities | 541.2 | 566.9 |
| Total liabilities | 4,775.8 | 5,425.7 |
| 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, 56.7 and 59.8 issued and outstanding as of December 31, 2024 and 2023, respectively | 0.6 | 0.6 |
| Capital in excess of par value | 30.0 | 109.6 |
| Retained earnings | 2,009.2 | 1,981.6 |
| Accumulated other comprehensive income (loss) | (91.0) | (148.9) |
| Total World Kinect shareholders' equity | 1,948.7 | 1,943.0 |
| Noncontrolling interest | 7.2 | 6.7 |
| Total equity | 1,955.9 | 1,949.6 |
| Total liabilities and equity | $6,731.8 | $7,375.3 |
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