Company: BWXT
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001486957-25-000052
Chunk: 15

Company: BWX Technologies, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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,170)Derivative financial instruments— — — — (42)— (42)— (42)Defined benefit obligations— — — — 669 — 669 — 669 Available-for-sale investments— — — — 18 — 18 — 18 Exercises of stock options— — — — — — — — — Shares placed in treasury— — — — — (35)(35)— (35)Stock-based compensation charges9,319 — 5,982 — — — 5,982 — 5,982 Distributions to noncontrolling interests— — — — — — — (154)(154)Balance June 30, 2024 (unaudited)128,282,125 $1,283 $216,973 $2,191,079 $(23,044)$(1,387,803)$998,488 $(237)$998,251 

See accompanying notes to condensed consolidated financial statements.

6

Table of Contents

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended June 30, 20252024 (Unaudited) (In thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net Income$153,988 $141,579 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization51,171 42,160 Income of investees, net of dividends(2,700)(3,301)(Gains) Losses on asset disposals and impairments - net(4,418)(4)Recognition of losses for pension and postretirement plans1,627 1,663 Stock-based compensation expense13,735 10,279 Other, net(9,366)(28)Changes in assets and liabilities, net of effects from acquisitions:Accounts receivable(465)(20,319)Accounts payable6,875 47,018 Retainages(7,045)587 Contracts in progress and advance billings on contracts7,754 (78,722)Income taxes22,558 (6,741)Accrued and other current liabilities19,382 (328)Pension liabilities, accrued post