Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 59

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 59
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%, 75% and 76% of our total consolidated revenues, respectively. Accounts receivable due directly or indirectly from the U.S. Government represented 40% and 63% of net receivables at December 31, 2024 and 2023, respectively. In the years ended December 31, 2024, 2023 and 2022, revenues from two large utility customers accounted for approximately 14%, 14% and 14% of our total consolidated revenues, respectively. Accounts receivable due directly from two large utility customers represented 19% and 21% of net receivables at December 31, 2024 and 2023, respectively. See Note 15 for additional information about our major customers.We believe that our provision for possible losses on uncollectable accounts receivable is adequate for our credit loss exposure. At December 31, 2024 and 2023, the allowances for possible losses that we deducted from Accounts receivable – trade, net on our consolidated balance sheets were $0.3 million and $0.3 million, respectively.

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NOTE 13 – INVESTMENTS

The following is a summary of our investments at December 31, 2024:AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesEstimatedFairValue (In thousands)Equity securitiesMutual funds$7,699 $1,076 $— $8,775 Available-for-sale securitiesCorporate bonds1,479 355 — 1,834 Total$9,178 $1,431 $— $10,609 The following is a summary of our investments at December 31, 2023:AmortizedCostGrossUnrealizedGainsGrossUnrealizedLossesEstimatedFairValue (In thousands)Equity securitiesMutual funds$7,002 $711 $— $7,713 Available-for-sale securitiesCorporate bonds1,479 304 — 1,783 Total$8,481 $1,015 $— $9,496 

NOTE 14 – FAIR VALUE MEASUREMENTS

FASB Topic Fair Value Measurements and Disclosures defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. This topic also sets forth the disclosure requirements regarding fair value and establishes