Company: BWNB
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001630805-25-000062
Chunk: 26

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 Statements.

7

BABCOCK & WILCOX ENTERPRISES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)

(in thousands, except per share amounts)June 30, 2025December 31, 2024Cash and cash equivalents$21,710 $23,400 Current restricted cash77,140 94,167 Accounts receivable – trade, net of allowance for credit losses of $1.4 million and $1.4 million as of June 30, 2025 and December 31, 2024, respectively97,699 94,509 Contracts in progress70,849 79,392 Inventories, net65,704 64,802 Other current assets24,461 23,576 Current assets held for sale169,338 172,668 Total current assets526,901 552,514 Net property, plant and equipment and finance leases63,555 60,921 Goodwill53,440 51,411 Intangible assets, net17,867 18,699 Right-of-use assets16,064 16,902 Long-term restricted cash10,238 10,042 Deferred tax assets89 — Other assets15,336 16,498 Total assets$703,490 $726,987 Accounts payable$96,887 $92,068 Accrued employee benefits4,973 3,830 Advance billings on contracts59,147 57,814 Accrued warranty expense2,599 2,748 Financing lease liabilities1,778 1,644 Operating lease liabilities3,034 3,204 Other accrued liabilities34,565 28,729 Current senior notes108,581 — Current borrowings127,165 125,137 Current liabilities held for sale90,564 91,477 Total current liabilities529,293 406,651 Senior notes, net of current portion102,214 340,227 Senior notes due 2030124,860 — Borrowings, net of current portion8,504 8,556 Pension and other postretirement benefit liabilities185,887 192,665 Finance lease liabilities, net of current portion27,671 28,501 Operating lease liabilities, net of current portion13,022 13,801 Deferred tax liability11,250 9