Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 43

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 43
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7,939 — — Debt issuance costs(8,479)(658)(1,447)Other, net(179)(153)(48)Net cash provided by (used in) financing activities69,734 8,556 (11,165)Effects of exchange rate changes on cash(1,263)(439)(2,653)Net increase (decrease) in cash, cash equivalents and restricted cash59,695 (42,091)(113,255)Cash, cash equivalents and restricted cash, beginning of period71,369 113,460 226,715 Cash, cash equivalents and restricted cash at end of period$131,064 $71,369 $113,460 Schedule of cash, cash equivalents and restricted cash:Cash and cash equivalents (1)$26,855 $65,335 $76,728 Current restricted cash94,167 5,737 15,335 Long-term restricted cash10,042 297 21,397 Cash, cash equivalents and restricted cash at end of period$131,064 $71,369 $113,460 Income taxes paid, net$7,761 $6,731 $7,950 Interest paid$37,320 $23,067 $25,673 (1) Includes cash held at discontinued operations of $3.5 million, $27.3 million and $21.1 million at December 31, 2024, 2023 and 2022, respectively.

See accompanying notes to Consolidated Financial Statements.

58

BABCOCK & WILCOX ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 

NOTE 1 – BASIS OF PRESENTATION

The Consolidated Financial Statements of Babcock & Wilcox Enterprises, Inc. have been prepared in accordance with GAAP. We have eliminated all intercompany transactions and accounts. Unless otherwise noted, discussion of our business and results of operations in this Annual Report on Form 10-K refers to our continuing operations.Liquidity and Going Concern The accompanying Consolidated Financial Statements are prepared in accordance with GAAP applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. However, substantial doubt about the Company’s ability to continue as a going concern exists. The Company has a credit agreement that provides for an up to $150