Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 31

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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,061 83,477 Net cash provided by investing activities10,649 76,036 

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BABCOCK & WILCOX ENTERPRISES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)

Six Months Ended June 30,(in thousands)20252024Financing Activities:Borrowings on loan payable53,432 138,961 Repayments on loan payable(46,572)(43,164)Finance lease payments(819)(673)Payment of holdback funds from acquisition— (2,950)Payment of preferred stock dividends(3,715)(7,429)Shares of common stock returned to treasury stock— (16)Issuance of common stock, net5,487 2,033 Payment of non-controlling interest dividends(121)— Debt issuance costs(5,138)(5,064)Other, net26 (78)Net cash provided by financing activities2,580 81,620 Effects of exchange rate changes on cash301 (191)Net (decrease) increase in cash, cash equivalents and restricted cash(20,257)130,720 Cash, cash equivalents and restricted cash at beginning of period131,064 71,369 Cash, cash equivalents and restricted cash at end of period$110,807 $202,089 Schedule of cash, cash equivalents and restricted cash:Cash and cash equivalents$23,429 $95,466 Current restricted cash77,140 75,332 Long-term restricted cash10,238 31,291 Total cash, cash equivalents and restricted cash at end of period (1)$110,807 $202,089 Supplemental cash flow information:Income taxes paid, net$4,035 $4,253 Interest paid$18,513 $16,226 

(1) Includes cash held at discontinued operations of $1.7 million and $2.1 million at June 30, 2025 and 2024, respectively.

See accompanying notes to the Condensed Consolidated Financial Statements.

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BABCOCK & WILCOX ENTERPRISES, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025 

NOTE 1 – BASIS OF PRESENTATION

These interim Condensed Consolidated Financial Statements of Babcock & Wilcox Enterprises, Inc. ("