Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 30

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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ENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)

Six Months Ended June 30,(in thousands)20252024Operating Activities:Net loss from continuing operations$(20,057)$(38,169)Net (loss) income from discontinued operations(60,442)46,742 Net (loss) income$(80,499)$8,573 Adjustments to reconcile net income (loss) to net cash used in operating activities:Depreciation and amortization of long-lived assets4,807 9,517 Impairment of long-lived assets9,904 — Amortization of deferred financing costs and debt discount2,308 2,508 Amortization of guaranty fee108 1,367 Non-cash operating lease expense3,411 3,655 Loss on debt extinguishment— 6,124 Loss (gain) on sale of business35,848 (40,174)Loss on asset disposals326 47 (Benefit from) provision for deferred income taxes(471)2,514 Prior service cost amortization for pension and postretirement plans247 462 Stock-based compensation1,488 2,689 Foreign exchange(5,675)834 Unrealized gain (loss) on securities2,164 (160)Bad debt expense632 449 Changes in operating assets and liabilities:Accounts receivable - trade, net(2,574)(3,891)Contracts in progress9,824 (17,362)Other current and noncurrent assets(3,022)(11,216)Advance billings on contracts(1,127)(14,950)Inventories, net(7,878)472 Income taxes(40)4,649 Accounts payable(909)35,287 Accrued and other current liabilities8,085 (11,968)Accrued contract loss(3,601)(4,659)Pension liabilities, accrued postretirement benefits and employee benefits(6,948)(2,374)Other, net(195)862 Net cash used in operating activities(33,787)(26,745)Investing Activities:Purchase of property, plant and equipment(7,076)(7,970)Purchases of securities(4,650)(3,194)Sales and maturities of securities2,314 3,723 Proceeds from sale of business and assets, net20