World Kinect Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-614.4	67.4	52.9	114.1	73.7
Depreciation & Amortization	98.2	83.2	79.1	86.8	63.4
Other Amortization	-	23.2	25.4	21	17.6
Loss (Gain) From Sale of Assets	81.9	15.2	-2.2	7.7	-
Asset Writedown & Restructuring Costs	689.6	10.8	13.7	0.6	4.8
Loss (Gain) From Sale of Investments	-	18.2	19.1	-	-
Stock-Based Compensation	25.5	28.1	24.2	17.6	19.6
Provision & Write-off of Bad Debts	3.9	12	4.7	7.7	6.3
Other Operating Activities	-49	93.3	-254	242.9	50.1
Change in Accounts Receivable	106.4	259.1	569.2	-870.7	-1,133
Change in Inventory	1	133	186.8	-252.1	-135.2
Change in Accounts Payable	-32.6	-355.9	-441.9	1,108	1,189
Change in Other Net Operating Assets	-17.6	-127.7	-5.7	-344.6	16.7
Operating Cash Flow	292.9	259.9	271.3	138.5	173.2
Operating Cash Flow Growth	12.70%	-4.20%	95.88%	-20.04%	-71.33%
Capital Expenditures	-65.6	-68.2	-87.6	-78.6	-39.2
Cash Acquisitions	-153.6	-40	-13.7	-643.9	-37.1
Divestitures	23.4	209	9.3	-	25
Other Investing Activities	25.8	-36.3	-9.1	-2.4	-7
Investing Cash Flow	-170	64.5	-101.1	-724.9	-58.3
Long-Term Debt Issued	3,602	3,844	6,272	6,945	0.3
Long-Term Debt Repaid	-3,774	-3,876	-6,224	-6,611	-24.2
Net Debt Issued (Repaid)	-171.7	-32.2	47.4	333.7	-23.9
Issuance of Common Stock	-	-	40	-	-
Repurchase of Common Stock	-85	-100	-60.1	-48.7	-50.5
Common Dividends Paid	-41.3	-38.5	-34	-31	-28.7
Other Financing Activities	-17.1	-59.9	-145.7	-16.7	-10.5
Financing Cash Flow	-315.1	-230.6	-152.4	237.3	-113.6
Foreign Exchange Rate Adjustments	3.4	-15.2	-12	-4.7	-7.8
Miscellaneous Cash Flow Adjustments	-0.6	0.1	0.1	-	-0.1
Net Cash Flow	-189.4	78.7	5.9	-353.8	-6.6
Free Cash Flow	227.3	191.7	183.7	59.9	134
Free Cash Flow Growth	18.57%	4.35%	206.68%	-55.30%	-75.76%
Free Cash Flow Margin	0.62%	0.46%	0.39%	0.10%	0.43%
Free Cash Flow Per Share	4.07	3.22	2.98	0.95	2.12
Cash Interest Paid	-	113.6	130.4	113.4	44.4
Cash Income Tax Paid	-	60.6	61.3	66.6	39
Levered Free Cash Flow	383.76	154.25	257.6	93.69	148.19
Unlevered Free Cash Flow	446.64	226.75	342.29	167.06	177.69
Change in Working Capital	57.2	-91.5	308.4	-359.9	-62.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.