← WORLD KINECT CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $126.5m |
($170.2m)
-234.55%
|
$127.7m
+175.03%
|
$178.9m
+40.09%
|
$109.6m
-38.74%
|
$73.7m
-32.76%
|
$114.1m
+54.82%
|
$52.9m
-53.64%
|
$67.4m
+27.41%
|
($614.4m)
-1011.57%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | ($100k) | $1.3m | $2.2m | $100k | $500k | $1.7m | $800k | $500k | $2.7m | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $126.4m | ($170.3m) | $129.0m | $181.1m | $109.6m | $74.2m | $115.9m | $53.7m | $67.9m | ($611.7m) | — | |
| Amortization of Intangible Assets | $39.7m | $41.9m | $35.9m | $32.9m | $33.1m | $30.1m | $43.4m | $36.2m | $34.1m | $34.6m | — | |
| Capitalized Computer Software, Amortization | — | — | — | $17.8m | $18.5m | $17.6m | $21.0m | $25.4m | $23.2m | $20.6m | — | |
| Depreciation | $42.5m | $44.1m | $45.6m | $54.5m | $52.7m | $50.8m | $64.4m | $68.3m | $72.3m | $63.6m | $63.6m | |
| Depreciation, Depletion and Amortization | $82.3m | $86.0m | $81.5m | $87.4m | $85.8m | $81.0m | $107.8m | $104.5m | $106.4m | $98.2m | $88.9m | |
| Deferred Income Tax Expense (Benefit) | ($36.0m) | $13.9m | ($3.2m) | $3.4m | ($14.4m) | ($7.6m) | ($18.5m) | ($30.7m) | ($15.3m) | ($176.4m) | ($18.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $19.2m | $21.2m | $8.3m | $23.6m | ($900k) | $19.6m | $17.6m | $24.2m | $28.1m | $25.5m | $30.9m | |
| Share-based payment award compensation costs | $19.2m | $21.2m | $8.3m | $23.6m | ($900k) | $19.6m | $17.6m | $24.2m | $28.1m | $25.5m | — | |
| Equity Method Investment, Other than Temporary Impairment | — | $9.0m | — | — | — | — | — | $14.1m | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | — | $5.4m | — | |
| Goodwill and Intangible Asset Impairment | $0 | $80.2m | — | $0 | — | — | — | — | — | — | — | |
| Goodwill and other asset impairments | $0 | $91.9m | $0 | $0 | — | — | — | $32.8m | $29.0m | $689.6m | — | |
| Goodwill, Impairment Loss | — | $72.3m | $0 | — | $0 | — | — | — | — | $528.3m | $243.8m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $7.9m | $0 | — | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $0 | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($46.7m) | ($66.7m) | ($74.8m) | ($62.4m) | $23.9m | ($42.5m) | ($128.1m) | ($131.3m) | ($115.1m) | ($174.9m) | — | |
| Other Nonoperating Income (Expense) | ($7.5m) | ($6.4m) | ($3.8m) | $11.5m | $68.8m | ($2.3m) | ($17.5m) | ($3.6m) | ($12.9m) | ($74.3m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts receivable, net | ($506.8m) | ($366.6m) | ($445.2m) | ($164.1m) | $1.3b | ($1.1b) | ($870.7m) | $569.2m | $259.1m | $106.4m | ($812.9m) | |
| Increase (Decrease) in Accounts Receivable | $506.8m | $366.6m | $445.2m | $164.1m | ($1.3b) | $1.1b | $870.7m | ($569.2m) | ($259.1m) | ($106.4m) | ($812.9m) | |
| Increase (Decrease) in Inventories | $49.5m | $43.9m | $11.8m | $61.3m | ($251.0m) | $135.2m | $252.1m | ($186.8m) | ($133.0m) | ($1.0m) | ($142.6m) | |
| Inventories | ($49.5m) | ($43.9m) | ($11.8m) | ($61.3m) | $251.0m | ($135.2m) | ($252.1m) | $186.8m | $133.0m | $1.0m | ($142.6m) | |
| Accounts payable | $423.4m | $451.2m | $171.3m | $143.7m | ($1.2b) | $1.1b | $1.1b | ($441.9m) | ($355.9m) | ($32.6m) | $705.3m | |
| Accrued expenses and other current liabilities | ($121.9m) | $77.7m | $72.5m | ($91.9m) | ($87.6m) | $179.0m | $78.2m | ($48.0m) | ($164.1m) | $45.0m | — | |
| Other | $3.3m | ($1.2m) | ($3.3m) | ($1.8m) | $1.9m | $20.0m | ($800k) | $23.0m | $16.6m | $44.8m | — | |
| Other current assets | ($20.4m) | ($13.9m) | ($53.1m) | ($52.8m) | $63.2m | ($32.1m) | ($121.8m) | ($30.5m) | $20.7m | ($26.9m) | ($196.8m) | |
| Net Cash Provided by (Used in) Operating Activities | $205.2m |
$205.2m
0.00%
|
($182.5m)
-188.94%
|
$228.8m
+225.37%
|
$604.1m
+164.03%
|
$173.2m
-71.33%
|
$138.5m
-20.03%
|
$271.3m
+95.88%
|
$259.9m
-4.20%
|
$292.9m
+12.70%
|
$82.8m
-71.73%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $36.1m | $54.0m | $72.3m | $80.9m | $51.3m | $39.2m | $78.6m | $87.6m | $68.2m | $65.6m | ($63.1m) | |
| Payments to Acquire Investments | $1.0m | — | — | — | — | — | — | — | — | — | — | |
| Payments of deferred consideration for acquisitions | — | — | — | — | — | ($9.7m) | ($12.0m) | ($62.9m) | ($51.8m) | ($7.2m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $21.3m | $0 | $128.6m | $37.1m | $643.9m | $13.7m | $40.0m | $153.6m | ($153.6m) | |
| Other investing activities, net | $38.4m | ($5.4m) | $9.8m | ($400k) | ($6.9m) | ($7.1m) | ($2.5m) | ($9.1m) | ($36.3m) | $25.9m | — | |
| Payments for (Proceeds from) Other Investing Activities | — | $5.4m | ($9.8m) | $400k | $6.9m | $7.1m | $2.5m | $9.1m | $36.3m | ($25.9m) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($428.5m) | ($180.1m) | $286.0m | ($50.5m) | $72.8m | ($58.3m) | ($724.9m) | ($101.1m) | $64.5m | ($170.0m) | ($100.4m) | |
| Cash flows from financing activities: | ||||||||||||
| Borrowings of debt | $4.7b | $4.5b | $6.2b | $5.0b | $2.1b | $300k | $6.9b | $5.9b | $3.8b | $3.6b | — | |
| Gain (Loss) on Extinguishment of Debt | $7.0m | — | — | — | — | — | — | — | — | — | — | |
| Repayments of debt | ($4.3b) | ($4.7b) | ($6.4b) | ($5.1b) | ($2.2b) | ($24.2m) | ($6.6b) | ($6.2b) | ($3.9b) | ($3.8b) | ($5.1b) | |
| Dividends paid on common stock | ($17) | ($16) | ($16) | ($21) | ($26) | ($29) | ($31) | ($34) | ($38) | ($41) | ($43.0m) | |
| Payments for Repurchase of Common Stock | $41.2m | $61.9m | $20.0m | $65.4m | $68.3m | $50.5m | $48.7m | $60.1m | $100.0m | $85.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $16.6m | $16.3m | $16.2m | $21.1m | $25.6m | $28.7m | $31.0m | $34.0m | $38.5m | $41.3m | ($43.0m) | |
| Repurchases of common stock | ($41.2m) | ($61.9m) | ($20.0m) | ($65.4m) | ($68.3m) | ($50.5m) | ($48.7m) | ($60.1m) | ($100.0m) | ($85.0m) | — | |
| Dividends Payable | $4.1m | $4.0m | $4.0m | $6.5m | $6.3m | $7.4m | — | — | $9.7m | $10.7m | — | |
| Other financing activities, net | ($9.0m) | ($6.3m) | ($2.1m) | ($39.9m) | ($7.1m) | ($10.5m) | ($16.6m) | ($12.2m) | ($8.0m) | ($9.9m) | — | |
| Proceeds from (Payments for) Other Financing Activities | — | ($6.3m) | ($2.1m) | ($39.9m) | ($7.1m) | ($10.5m) | ($16.6m) | ($12.2m) | ($8.0m) | ($9.9m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $340.9m |
($361.6m)
-206.07%
|
($257.1m)
+28.90%
|
($204.9m)
+20.30%
|
($213.0m)
-3.95%
|
($113.6m)
+46.67%
|
$237.3m
+308.89%
|
($152.4m)
-164.22%
|
($230.6m)
-51.31%
|
($315.1m)
-36.64%
|
($241.6m)
+23.33%
|
|
| Net increase (decrease) in cash and cash equivalents | $116.1m | ($326.2m) | ($160.6m) | ($25.6m) | $472.7m | ($6.6m) | ($353.8m) | $5.9m | $78.7m | ($189.4m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.5m) | $10.3m | ($7.0m) | ($25.6m) | $472.7m | ($6.6m) | ($353.8m) | $5.9m | $78.7m | ($189.4m) | $143.8m | |
| Cash and cash equivalents, as of the beginning of the period | — | $372.3m | $211.7m | $186.1m | $658.8m | $652.2m | $298.4m | $304.3m | $382.9m | $193.5m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $186.1m | $658.8m | $652.2m | $298.4m | $304.3m | $382.9m | $193.5m | $143.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($1.5m) | $10.3m | ($7.0m) | $1.0m | $8.8m | ($7.8m) | ($4.7m) | ($12.0m) | ($15.2m) | $3.4m | ($7.9m) | |
| Effect of exchange rate changes on cash and cash equivalents | ($1.5m) | $10.3m | ($7.0m) | $1.0m | $8.8m | ($7.8m) | ($4.7m) | ($12.0m) | ($15.2m) | $3.4m | ($7.9m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| (Gain) loss on sale of business | — | $0 | $0 | ($13.9m) | ($80.0m) | $1.5m | $7.7m | ($2.2m) | $15.2m | $81.9m | ($1.0m) | |
| Acquisition of business, net of cash acquired | ($430.8m) | ($120.7m) | ($21.3m) | $0 | ($128.6m) | ($37.1m) | ($643.9m) | ($13.7m) | ($40.0m) | ($153.6m) | — | |
| Additional Financial Items | ||||||||||||
| Cash and cash equivalents | — | — | — | — | — | — | — | $0 | $0 | ($600k) | $403.2m | |
| Cash collateral with counterparties | $149.2m | ($26.7m) | $29.2m | ($42.7m) | $44.2m | $22.9m | ($252.9m) | $168.9m | $105.4m | $44.8m | — | |
| Change in derivative assets and liabilities, net | — | — | — | — | — | $17.4m | $2.9m | ($4.7m) | ($3.4m) | $7.8m | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | ($15.2m) | ($81.9m) | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $11.8m | $600k | ($8.7m) | ($10.8m) | ($600k) | $7.8m | ($21.7m) | $16.5m | ($30.6m) | ($14.4m) | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | ($6.5m) | — | — | — | — | |
| Gain (Loss) on Disposition of Business | $3.8m | $0 | $0 | $13.9m | $80.0m | ($1.5m) | ($7.7m) | ($2.2m) | $15.2m | $81.9m | — | |
| General and Administrative Expense | $281.4m | $306.9m | $299.6m | $322.2m | $311.1m | $247.6m | $308.7m | $308.0m | $297.1m | $282.5m | — | |
| Goodwill | $835.8m | $845.5m | $852.7m | $843.7m | $858.6m | $861.9m | $1.2b | $1.2b | $1.2b | $737.5m | $243.8m | |
| Income Tax Expense (Benefit) | $15.7m | $149.2m | $55.9m | $56.2m | $52.1m | $25.8m | $29.2m | $13.0m | $27.6m | ($127.9m) | — | |
| Income Taxes Paid, Net | $37.5m | $50.8m | $85.3m | $82.9m | $68.5m | $39.0m | $66.6m | $61.3m | $60.6m | $97.0m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $40.7m | $64.9m | $73.8m | $77.0m | $45.1m | $44.4m | $113.4m | $130.4m | $113.6m | $105.8m | — | |
| Investment Income, Interest | $4.5m | $6.0m | $3.9m | $6.2m | $3.6m | $7.0m | $6.8m | $7.8m | — | — | — | |
| Issuance of Convertible Notes | — | — | — | — | — | $0 | $0 | $350.0m | $0 | $0 | — | |
| Operating Expenses | $710.1m | $886.6m | $758.8m | $812.3m | $714.0m | $645.6m | $815.8m | $860.2m | $815.7m | $1.5b | — | |
| Operating Lease, Expense | — | — | — | — | — | $31.9m | $35.0m | $34.7m | $36.0m | $37.1m | — | |
| Other long-term liabilities | — | — | — | — | — | ($60.6m) | ($80.7m) | ($10.1m) | $33.7m | $22.4m | — | |
| Other non-current assets | $4.4m | ($30.3m) | ($61.5m) | $33.6m | ($8.7m) | ($89.9m) | ($133.9m) | ($88.0m) | ($117.7m) | ($92.0m) | — | |
| Payments of Financing Costs | $5.7m | — | — | — | — | — | — | — | — | — | — | |
| Prepaid expenses | $7.7m | ($19.7m) | ($5.3m) | ($17.8m) | $28.1m | ($10.5m) | ($25.2m) | $6.7m | ($2.3m) | ($18.7m) | — | |
| Proceeds from Noncontrolling Interests | $0 | — | — | — | — | — | — | — | — | — | — | |
| Proceeds from sale of business, net of divested cash | — | — | $0 | $30.8m | $259.6m | $25.0m | $0 | $9.3m | $209.0m | $23.4m | — | |
| Provision for credit losses | $15.4m | $9.3m | $25.1m | $25.9m | $63.7m | $6.3m | $7.7m | $4.7m | $12.0m | $3.9m | — | |
| Purchase of convertible note hedges | — | — | — | — | — | $0 | $0 | ($70.5m) | $0 | $0 | — | |
| Sale of warrants | — | — | — | — | — | $0 | $0 | $40.0m | $0 | $0 | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | ($23.2m) | $14.5m | ($179.9m) | $267.5m | ($24.9m) | ($28.3m) | — | |
| Unrealized foreign currency (gains) losses, net | ($11.8m) | ($600k) | $8.7m | $10.8m | $600k | ($7.8m) | $21.7m | ($16.5m) | $30.6m | $14.4m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.