Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 33

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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05,400 — Buyback of Senior Notes due 2026(6,282)— Finance lease payments(1,242)(1,016)Payment of holdback funds from acquisition— (2,950)Payment of preferred stock dividends(11,145)(14,859)Shares of common stock returned to treasury stock(386)(274)Issuance of common stock, net32,481 2,033 Payment of non-controlling interest dividends(118)— Debt issuance costs(4,418)(5,599)Other, net(259)(184)Net cash (used in) provided by financing activities(37,376)70,841 Effects of exchange rate changes on cash878 3,962 Net increase in cash, cash equivalents and restricted cash70,021 56,550 Cash, cash equivalents and restricted cash at beginning of period131,064 71,369 Cash, cash equivalents and restricted cash at end of period$201,085 $127,919 Schedule of cash, cash equivalents and restricted cash:Cash and cash equivalents$25,218 $30,629 Current restricted cash165,527 63,362 Long-term restricted cash10,340 33,928 Total cash, cash equivalents and restricted cash at end of period (1)$201,085 $127,919 Supplemental cash flow information:Income taxes paid, net$8,135 $5,173 Interest paid24,803 27,796 

(1) Includes cash held at discontinued operations of $0.8 million and $10.0 million at September 30, 2025 and 2024, respectively.

See accompanying notes to the Condensed Consolidated Financial Statements.

12

BABCOCK & WILCOX ENTERPRISES, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025 

NOTE 1 – BASIS OF PRESENTATION

These interim Condensed Consolidated Financial Statements of Babcock & Wilcox Enterprises, Inc. ("B&W," "management," "we," "us," "our" or the "Company") have been prepared in accordance with GAAP and SEC instructions for interim financial information, and should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2024. The Notes to the Condensed Consolidated Financial Statements are