Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 24

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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1 million of which was held to meet reinsurance reserve requirements of our captive insurer.

The following table provides a reconciliation of cash and cash equivalents and restricted cash and cash equivalents on our condensed consolidated balance sheets to the totals presented on our condensed consolidated statements of cash flows:September 30,2025December 31,2024 (In thousands)Cash and cash equivalents$79,592 $74,109 Restricted cash and cash equivalents3,058 2,785 Restricted cash and cash equivalents included in Other Assets4,303 3,677 Total cash and cash equivalents and restricted cash and cash equivalents as presented on our condensed consolidated statements of cash flows$86,953 $80,571 InventoriesAt September 30, 2025 and December 31, 2024, we had inventories totaling $57.8 million and $40.3 million, respectively, consisting almost entirely of raw materials and supplies.Property, Plant and Equipment, NetProperty, plant and equipment is stated at cost and is set forth below: September 30,2025December 31,2024 (In thousands)Land$54,091 $10,608 Buildings513,914 417,189 Machinery and equipment1,281,469 1,166,236 Property under construction648,840 584,539 2,498,314 2,178,572 Less: Accumulated depreciation961,963 900,411 Property, Plant and Equipment, Net$1,536,351 $1,278,161 Accumulated Other Comprehensive Income (Loss)The components of Accumulated other comprehensive income (loss) included in Stockholders' Equity are as follows:September 30,2025December 31,2024 (In thousands)Currency translation adjustments$(19,967)$(33,735)Net unrealized gain on derivative financial instruments819 490 Unrecognized prior service cost on benefit obligations(13,281)(15,233)Net unrealized gain (loss) on available-for-sale investments(94)267 Accumulated other comprehensive loss$(32,523)$(48,211)

The amounts reclassified out of Accumulated other comprehensive income (loss) by component and the affected condensed consolidated statements of income line items are as follows: Three Months EndedSeptember 30,Nine Months EndedSeptember 30,  2025202420252024 Accumulated Other Comprehensive Income (Loss) Component Recognized(In