Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 73

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 73
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 property, plant and equipment and finance leases, Other accrued liabilities and Other non-current finance liabilities in the Consolidated Balance Sheets.Amounts relating to leases are presented in the Consolidated Balance Sheets in the following line items:(in thousands)Assets:ClassificationDecember 31, 2024December 31, 2023Operating lease assetsRight-of-use assets$32,789 $26,077 Finance lease assetsNet property, plant and equipment and finance leases24,581 22,378 Total non-current lease assets$57,370 $48,455 Liabilities:CurrentOperating lease liabilitiesOperating lease liabilities$3,550 $3,291 Finance lease liabilitiesFinancing lease liabilities1,644 1,367 Non-currentOperating lease liabilitiesNon-current operating lease liabilities30,315 23,878 Finance lease liabilitiesNon-current finance lease liabilities28,501 26,206 Total lease liabilities$64,010 $54,742 

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The components of lease expense included in the Consolidated Statements of Operations are as follows:Year ended December 31,(in thousands)Classification202420232022Operating lease expense:Operating lease expenseSelling, general and administrative expenses$6,527 $5,774 $5,972 Operating lease expenseCost of operations— — — Short-term lease expenseSelling, general and administrative expenses2,176 2,088 2,950 Variable lease expense (1)Selling, general and administrative expenses455 354 141 Total operating lease expense$9,158 $8,216 $9,063 Finance lease expense:Amortization of right-of-use assetsCost of operations$2,116 $2,080 $3,527 Interest on lease liabilitiesInterest expense2,037 2,813 2,372 Total finance lease expense$4,153 $4,893 $5,899 Net lease cost$13,311 $13,109 $14,962 (1) Variable lease expense primarily consists of common area maintenance expenses paid directly to lessors of real estate leases. Other information related to leases is as follows: Year ended December 31,(in thousands)202420232022Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows - operating leases$6,230 $5,510 $5,666 Operating cash flows - finance leases2,155 2,235 2,