Company: BWNB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001630805-25-000019
Chunk: 24

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 Senior notes, net of current portion232,525 340,227 Borrowings, net of current portion8,529 8,556 Pension and other postretirement benefit liabilities189,516 192,665 Finance lease liabilities, net of current portion28,055 28,501 Operating lease liabilities, net of current portion29,522 30,315 Deferred tax liability12,231 11,028 Other noncurrent liabilities10,637 10,374 Total liabilities1,022,229 1,010,159 Stockholders' deficit:Preferred stock, par value $0.01 per share, authorized shares of 20,000; issued and outstanding shares of 7,669 at March 31, 2025 and December 31, 202477 77 Common stock, par value $0.01 per share, authorized shares of 500,000; outstanding shares of 98,404 and 95,138 at March 31, 2025 and December 31, 2024, respectively 5,240 5,208 Capital in excess of par value1,564,743 1,558,828 Treasury stock at cost, 2,379 and 2,379 shares at March 31, 2025 and December 31, 2024, respectively(115,500)(115,500)Accumulated deficit(1,671,438)(1,645,716)Accumulated other comprehensive loss(86,133)(86,660)Stockholders' deficit attributable to shareholders(303,011)(283,763)Non-controlling interest495 591 Total stockholders' deficit(302,516)(283,172)Total liabilities and stockholders' deficit$719,713 $726,987  

See accompanying notes to the Condensed Consolidated Financial Statements.

8

BABCOCK & WILCOX ENTERPRISES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT

(Unaudited)

Common StockPreferred StockCapital InExcess ofPar ValueTreasury StockAccumulated DeficitAccumulatedOtherComprehensive(Loss)Non-controllingInterestTotalStockholders’ (Deficit) Equity(in thousands)SharesPar ValueSharesPar ValueBalance at December 31, 202495,138 $5,208 7,669 $77 $1,558,