Company: BWNB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001630805-25-000019
Chunk: 91

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 $43,554 Accounts payable$30,365 $5,980 $36,345 Accrued employee benefits— 518 518 Advance billings on contracts961 5,855 6,816 Accrued warranty expense1,176 845 2,021 Operating lease liabilities26 288 314 Other accrued liabilities4,504 190 4,694 Current borrowings511 — 511 Total current liabilities37,543 13,676 51,219 Borrowings, net of current portion874 — 874 Operating lease liabilities, net of current portion29 1,075 1,104 Other noncurrent liabilities1,199 — 1,199 Total noncurrent liabilities2,102 1,075 3,177 Total liabilities held for sale (1)$39,645 $14,751 $54,396 Reported as:Current assets held for sale (1)$19,457 $24,097 $43,554 Current liabilities held for sale (1)$39,645 $14,751 $54,396 (1) BWRS, SPIG and GMAB were sold in 2024; therefore, no balances are left to disclose.The depreciation, amortization, capital expenditures, and significant operating and investing noncash items of the discontinued operations are as follows:Three Months Ended March 31, 2025(in thousands)SolarBWRSVølundTotalImpairment of long-lived assets7,833 — — 7,833 Gain on divestiture— 1,014 — 1,014 Purchase of property, plant and equipment(95)— (20)(115)

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Three Months Ended March 31, 2024(in thousands)SolarBWRSSPIGGMABVølundTotalDepreciation and amortization of long-lived assets$— $479 $887 $1 $42 $1,409 Purchase of property, plant and equipment(127)(114)(206)— — (447)

NOTE 4 – SEGMENT REPORTING 

Our operations are assessed based on three reportable market-facing segments as part of our market-focused organizational approach. Our reportable segments are as follows:•Babcock & Wilcox Renewable: The B&W Renewable segment offers technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, oxygen