Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 10

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 10
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— (42,404)— (42,404)— (42,404)Derivative financial instruments— — — — (68)— (68)— (68)Defined benefit obligations— — — — 1,684 — 1,684 — 1,684 Available-for-sale investments— — — — 40 — 40 — 40 Exercises of stock options25,243 — 733 — — — 733 — 733 Shares placed in treasury— — — — — (27,570)(27,570)— (27,570)Stock-based compensation charges229,531 2 21,678 — — — 21,680 — 21,680 Distributions to noncontrolling interests— — — — — — — (583)(583)Balance December 31, 2024128,320,295 $1,283 $228,889 $2,287,151 $(48,211)$(1,388,432)$1,080,680 $(276)$1,080,404 

See accompanying notes to consolidated financial statements.

50

BWX TECHNOLOGIES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

 Year Ended December 31, 202420232022CASH FLOWS FROM OPERATING ACTIVITIES:(In thousands)Net Income$282,298 $246,321 $238,620 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization85,862 78,566 73,842 Income of investees, net of dividends(10,598)11,130 (3,461)Losses on asset disposals and impairments - net4,390 1,034 5,520 Provision for deferred taxes19,845 (5,128)5,515 Recognition of (gains) losses for pension and postretirement plans14,147 34,087 49,868 Stock-based compensation expense21,680 15,896 14,127 Other, net(83)(1,530)2,175 Changes in assets and liabilities, net of effects from acquisitions:Accounts receivable(47,571)462 15,167 Accounts