Company: BWXT
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001486957-25-000008
Chunk: 63

Company: BWX Technologies, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 63
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 INCOME:Government Operations$377,875 $374,682 $336,501 Commercial Operations46,816 37,532 27,418 $424,691 $412,214 $363,919 Unallocated Corporate (2)(44,084)(29,155)(15,348)Total Operating Income (3)$380,607 $383,059 $348,571 Other Income (Expense)(31,887)(61,659)(34,194)Income before Provision for Income Taxes$348,720 $321,400 $314,377 (1)Other segment expenses include the total cost of operations and selling, general and administrative expenses.(2)Unallocated Corporate includes general corporate overhead not allocated to segments in addition to losses on asset disposals and impairments, net. In the years ended December 31, 2024, 2023 and 2022, Unallocated Corporate includes losses (gains) on asset disposals and impairments, net of $1.9 million, $0.0 million and $(0.5) million, respectively.(3)The following amounts are included in Operating Income:Equity in Income of Investees:Government Operations$55,931 $50,807 $45,973 Commercial Operations— — — $55,931 $50,807 $45,973 

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 Year Ended December 31, 202420232022 (In thousands)CAPITAL EXPENDITURES:Government Operations$81,063 $91,699 $103,093 Commercial Operations62,773 53,358 88,853 Segment Capital Expenditures143,836 145,057 191,946 Corporate Capital Expenditures9,811 6,229 6,366 Total Capital Expenditures$153,647 $151,286 $198,312 DEPRECIATION AND AMORTIZATION:Government Operations$61,027 $53,388 $47,982 Commercial Operations17,708 17,745 18,805 Segment Depreciation and Amortization78,735 71,133 66,787 Corporate Depreciation and Amortization7,127 7,433 7,055 Total Depreciation and Amortization$85,862 $78,566 $73,842 Information about our Product and