Company: BWXT
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001486957-25-000026
Chunk: 14

Company: BWX Technologies, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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)— — — (22,150)— — (22,150)— (22,150)Currency translation adjustments— — — — (11,308)— (11,308)— (11,308)Derivative financial instruments— — — — (446)— (446)— (446)Defined benefit obligations— — — — 670 — 670 — 670 Available-for-sale investments— — — — 28 — 28 — 28 Exercises of stock options7,294 — 218 — — — 218 — 218 Shares placed in treasury— — — — — (26,906)(26,906)— (26,906)Stock-based compensation charges199,991 2 4,295 — — — 4,297 — 4,297 Distributions to noncontrolling interests— — — — — — — (172)(172)Balance March 31, 2024 (unaudited)128,272,806 $1,283 $210,991 $2,140,235 $(18,519)$(1,387,768)$946,222 $(156)$946,066 

See accompanying notes to condensed consolidated financial statements.

6

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended March 31, 20252024 (Unaudited) (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$75,526 $68,534 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization23,912 20,552 Income of investees, net of dividends1,781 (2,400)Gains on asset disposals and impairments - net(4,431)— Recognition of losses for pension and postretirement plans797 831 Stock-based compensation expense5,047 4,297 Other, net(1,075)129 Changes in assets and liabilities, net of effects from acquisitions:Accounts receivable19,440 (15,493)Accounts payable5,340 32,832 Retainages(11,743)(26,325