World Kinect Corp 2025年季度报告

Washington, DC 20549 FORM10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) 59-2459427 (I.R.S. EmployerIdentification No.) Securities registered pursuant to Section 12(b) of the Act Name of each exchange on whichregistered Title of each class Common Stock, $0.01 par value New York Stock Exchange Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90 days.YesþNo☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).YesþNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company.See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company,"and "emerging growth company" in Rule12b-2 of the Exchange Act. Large accelerated filerþAccelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐Noþ The registrant had a total of55,558,773shares of common stock, par value $0.01 per share, issued and outstanding as of October17,2025. TABLE OF CONTENTS PARTI.Financial InformationItem 1.Financial Statements (Unaudited)CondensedConsolidated Balance Sheets as ofSeptember30, 2025andDecember31, 20241CondensedConsolidated Statements of Income and Comprehensive Income for theThree and NineMonths EndedSeptember30, 2025and20242CondensedConsolidated Statements of Shareholders' Equity for theThree and NineMonths EndedSeptember30, 2025and20243CondensedConsolidated Statements of Cash Flows for theNine Months EndedSeptember30, 2025and20245Notes to the Condensed Consolidated Financial Statements6Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations24Item 3.Quantitative and Qualitative Disclosures About Market Risk37Item 4.Controls and Procedures38PARTII.Other InformationItem 1.Legal Proceedings39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39Item 5.Other Information39Item 6.Exhibits40SIGNATURES PartI — Financial Information WORLD KINECT CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited - In millions, except per share data) WORLD KINECT CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF INCOME ANDCOMPREHENSIVE INCOME (Unaudited – In millions, except per share data) (Unaudited - In millions) WORLD KINECT CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited - In millions) Supplemental Disclosure of Noncash Investing and Financing ActivitiesRight of use assets obtained in exchange for new operating lease liabilities were $35.3million and $24.9million during the nine months ended September 30, 2025 and 2024, respectively. The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements. WORLD KINECT CORPORATION NOTES TO THE CONDENSED CONSOLIDATED FINANCIALSTATEMENTS(Unaudited) 1. Basis of Presentation, New Accounting Standards, and Significant Accounting Policies GeneralWorld Kinect Corporation (the "Company") was incorporated in Florida in July 1984 and, along with its consolidated subsidiaries, is referred to collectively in this Quarterly Report on Form 10-Q ("10-Q Report") as "World Kinect," "we," "our"and "us." We are a global energy management company offering fulfillment and related services across the aviation, marine, and land-based transportation sectors. We also supply natural gas and power in the United States and Europe along with a broadsuite of other sustainability-related products and services. The Condensed Consolidated Financial Statements and related Notes include our parent company and all subsidiarieswhere we exercise control, and include the operations of acquired businesses after the completion of their acquisition. Thedecision of whether or not to consolidate an entity requires consideration of majority voting interests, as well as effectiveeconomic or other control over the entity. The Condensed Consolidated Financial Statements are prepared in accordancewith accounting principles generall