Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 27

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 27
---
 trade, net of allowance for credit losses of $1.4 million and $1.4 million as of September 30, 2025 and December 31, 2024, respectively101,662 94,509 Contracts in progress70,757 79,392 Inventories, net64,564 64,802 Other current assets26,760 23,576 Current assets held for sale26,070 172,668 Total current assets479,733 552,514 Net property, plant and equipment and finance leases66,618 60,921 Goodwill52,595 51,411 Intangible assets, net16,809 18,699 Right-of-use assets17,892 16,902 Long-term restricted cash10,340 10,042 Deferred tax assets85 — Other assets13,812 16,498 Total assets$657,884 $726,987   Accounts payable$75,637 $92,068 Accrued employee benefits5,928 3,830 Advance billings on contracts79,439 57,814 Accrued warranty expense2,609 2,748 Financing lease liabilities1,831 1,644 Operating lease liabilities3,375 3,204 Other accrued liabilities29,333 28,729 Current senior notes98,157 — Current borrowings70,300 125,137 Current liabilities held for sale34,376 91,477 Total current liabilities400,985 406,651 Senior notes, net of current portion89,790 340,227 Senior Notes due 2030144,646 — Borrowings, net of current portion13,476 8,556 Pension and other postretirement benefit liabilities178,954 192,665 Finance lease liabilities, net of current portion27,195 28,501 Operating lease liabilities, net of current portion14,741 13,801 Deferred tax liability10,547 9,800 Other noncurrent liabilities9,757 9,958 Total liabilities890,091 1,010,159   Stockholders' deficit:  Preferred stock, par value $0.01 per share, authorized shares of 20,000; issued and outstanding shares 7,669 at September 30, 2025 and December 31, 202477 77 Common