Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 65

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 65
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856 $3,570 $4 $916 $7,298 Impairment of goodwill and long-lived assets56,556 — — — — 56,556 Purchase of property, plant and equipment(1,857)(1,355)(774)(7)(43)(4,036)Year ended December 31, 2022(in thousands)SolarBWRSSPIGGMABVølundTotalDepreciation and amortization of long-lived assets$2,448 $1,578 $3,440 $15 $872 $8,353 Impairment of goodwill and long-lived assets7,224 — — — — 7,224 Change in fair value of contingent consideration(9,567)— — — — (9,567)Purchase of property, plant and equipment(1,929)(1,171)(859)— (450)(4,409)

NOTE 5 – SEGMENT REPORTING 

Our operations are assessed based on three reportable market-facing segments as part of our market-focused organizational approach. Our reportable segments are as follows:•Babcock & Wilcox Renewable: The B&W Renewable segment offers technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, oxygen-fired biomass-to-energy and black liquor systems for the pulp and paper industry. Our leading waste-to-energy technologies support a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering recyclable metals and reducing emissions.•Babcock & Wilcox Environmental: The B&W Environmental segment offers a full suite of emissions control and environmental technology solutions for utility, waste-to-energy, biomass-to-energy, carbon black, and industrial steam generation applications around the world. Our broad experience includes systems for ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control.•Babcock & Wilcox Thermal: The B&W Thermal segment offers steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil and gas, and industrial sectors. We have an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and others.The Company's chief operating decision maker (CODM) is the chief executive officer. The CODM assesses the segments' performance by using each segment’s Adjusted EBITDA.