Company: BWNB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001630805-25-000019
Chunk: 23

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
 (loss):Currency translation adjustments403 (3,125)Benefit obligations:Pension and post retirement adjustments, net of tax124 231 Other comprehensive income (loss) 527 (2,894)Total comprehensive loss(21,462)(19,685)Comprehensive (income) loss attributable to non-controlling interest(22)67 Comprehensive loss attributable to stockholders$(21,484)$(19,618)

See accompanying notes to the Condensed Consolidated Financial Statements.

7

BABCOCK & WILCOX ENTERPRISES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except per share amount)March 31, 2025December 31, 2024Cash and cash equivalents$21,628 $23,399 Current restricted cash84,990 94,167 Accounts receivable – trade, net of allowance for credit losses of $1.7 million and $1.8 million as of March 31, 2025 and December 31, 2024, respectively128,255 112,677 Contracts in progress65,646 82,403 Inventories, net111,485 108,889 Other current assets28,544 25,096 Current assets held for sale42,330 43,554 Total current assets482,878 490,185 Net property, plant and equipment and finance leases71,171 69,593 Goodwill82,495 82,138 Intangible assets, net18,418 19,051 Right-of-use assets31,817 32,789 Long-term restricted cash10,138 10,042 Deferred tax assets100 41 Other assets22,696 23,148 Total assets$719,713 $726,987 Accounts payable$119,097 $101,025 Accrued employee benefits4,688 4,859 Advance billings on contracts53,636 58,478 Accrued warranty expense3,395 3,446 Financing lease liabilities1,705 1,644 Operating lease liabilities3,281 3,550 Other accrued liabilities40,617 35,958 Current senior notes108,358 — Current borrowings124,168 125,137 Current liabilities held for sale52,269 54,396 Total current liabilities511,214 388,493