Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 41

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 41
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 410 Stock-based compensation charges701 10 — — 4,608 (336)— — — 4,282 Dividends to preferred stockholders— — — — — — (14,859)— — (14,859)Common stock offering, net4,988 50 — — 7,939 — — — — 7,989 Balance at December 31, 202495,138 $5,208 7,669 $77 $1,558,828 $(115,500)$(1,645,716)$(86,660)$591 $(283,172)

See accompanying notes to Consolidated Financial Statements.

56

BABCOCK & WILCOX ENTERPRISES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Year ended December 31,(in thousands)202420232022Cash flows from operating activities:Net loss from continuing operations$(72,962)$(75,794)$(14,186)Net income (loss) from discontinued operations13,183 (121,177)(12,398)Net loss(59,779)(196,971)(26,584)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization of long-lived assets16,709 20,996 23,992 Impairment of goodwill and long-lived assets9,567 56,556 7,224 Change in fair value of contingent consideration— — (9,567)Amortization of deferred financing costs and debt discount5,820 5,747 5,225 Amortization of guaranty fee2,935 935 856 Non-cash operating lease expense7,357 6,754 7,277 Loss on debt extinguishment7,267 — — Gain on sale of business(58,947)— — Loss (gain) on asset disposals431 200 (8,836)Provision for (benefit from) deferred income taxes, including valuation allowances7,102 (1,464)5,897 Mark to market, prior service cost amortization for pension and postretirement plans34,911 38,904 (6,848)Stock-based compensation, net of associated income taxes4,692 8,695 9,977