Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 13

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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See accompanying notes to condensed consolidated financial statements.

Table of Contents

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

ASSETS

September 30,2025December 31,2024(Unaudited)(In thousands)Current Assets:Cash and cash equivalents$79,592 $74,109 Restricted cash and cash equivalents3,058 2,785 Accounts receivable – trade, net181,174 99,112 Accounts receivable – other29,715 53,199 Retainages67,951 33,667 Contracts in progress636,711 577,745 Inventories57,799 40,288 Other current assets48,023 49,092 Total Current Assets1,104,023 929,997 Property, Plant and Equipment, Net1,536,351 1,278,161 Investments8,008 10,609 Goodwill501,575 287,362 Deferred Income Taxes3,377 6,569 Investments in Unconsolidated Affiliates175,739 99,403 Intangible Assets330,290 165,325 Other Assets122,174 92,498 TOTAL ASSETS$3,781,537 $2,869,924 

See accompanying notes to condensed consolidated financial statements.

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

LIABILITIES AND STOCKHOLDERS' EQUITY

September 30,2025December 31,2024(Unaudited)(In thousands, except shareand per share amounts)Current Liabilities:Current portion of long-term debt$12,500 $12,500 Accounts payable211,695 158,077 Accrued employee benefits90,559 77,234 Accrued liabilities – other120,410 65,100 Advance billings on contracts211,399 161,290 Total Current Liabilities646,563 474,201 Long-Term Debt1,497,070 1,042,970 Accumulated Postretirement Benefit Obligation85,867 16,515 Environmental Liabilities98,290 94,225 Pension Liability91,052 82,602 Other Liabilities121,210 79,007 Commitments and Contingencies (Note 5)Stockholders' Equity:Common stock, par