Company: BWNB
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001630805-25-000090
Chunk: 32

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 Amortization of deferred financing costs and debt discount1,460 3,721 Amortization of guaranty fee108 2,133 Non-cash operating lease expense5,163 5,223 (Gain) loss on debt extinguishment(1,730)6,789 Gain on sale of business(17,319)(40,124)Loss on asset disposals, net882 421 Benefit from deferred income taxes(481)(6,544)Prior service cost amortization for pension and postretirement plans371 693 Stock-based compensation2,245 3,781 Foreign exchange(5,726)(1,429)Unrealized loss on securities2,151 43 Bad debt expense45 (1,024)Changes in operating assets and liabilities:  Accounts receivable - trade, net(6,284)(14,188)Contracts in progress11,922 (30,398)Other current and noncurrent assets(8,191)(12,015)Advance billings on contracts16,600 (20,703)Inventories, net(6,131)(3,434)Income taxes(98)2,665 Accounts payable(33,231)5,127 Accrued and other current liabilities12,768 (5,819)Accrued contract loss(4,504)(5,957)Pension liabilities, accrued postretirement benefits and employee benefits(6,765)(7,623)Other, net(1,419)(369)Net cash used in operating activities(65,900)(96,215)Investing Activities:  Purchase of property, plant and equipment(12,594)(10,127)Purchases of securities(5,592)(4,537)Sales and maturities of securities3,155 5,013 Proceeds from sale of business and assets, net187,450 87,613 Net cash provided by investing activities172,419 77,962 

11

BABCOCK & WILCOX ENTERPRISES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)

Nine Months Ended September 30,(in thousands)20252024Financing Activities:  Borrowings on loan payable75,418 184,806 Repayments on loan payable(126,825)(91,116)Issuance of Senior Notes due 203