XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 403.2 $ 382.9
Accounts receivable, net of allowance for credit losses of $22.1 million and $22.5 million as of June 30, 2025 and December 31, 2024, respectively 2,143.3 2,432.6
Inventories 474.9 513.5
Prepaid expenses 75.7 71.4
Short-term derivative assets, net 136.4 176.5
Other current assets 337.4 382.2
Total current assets 3,570.9 3,959.2
Property and equipment, net 451.3 513.3
Goodwill 825.8 1,181.7
Identifiable intangible assets, net 247.8 261.2
Other non-current assets 958.2 816.4
Total assets 6,054.0 6,731.8
Current liabilities:    
Current maturities of long-term debt 43.2 84.0
Accounts payable 2,536.4 2,726.5
Short-term derivative liabilities, net 73.8 91.5
Accrued expenses and other current liabilities 495.6 535.8
Total current liabilities 3,149.0 3,437.8
Long-term debt 775.2 796.8
Other long-term liabilities 525.0 541.2
Total liabilities 4,449.2 4,775.8
Commitments and contingencies
World Kinect shareholders' equity:    
Preferred stock, $1.00 par value; 0.1 shares authorized, none issued 0.0 0.0
Common stock, $0.01 par value; 100.0 shares authorized, 55.5 and 56.7 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0.6 0.6
Capital in excess of par value 0.0 30.0
Retained earnings 1,615.9 2,009.2
Accumulated other comprehensive income (loss) (17.9) (91.0)
Total World Kinect shareholders' equity 1,598.6 1,948.7
Noncontrolling interest 6.2 7.2
Total equity 1,604.8 1,955.9
Total liabilities and equity $ 6,054.0 $ 6,731.8