Company: BWNB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001630805-25-000019
Chunk: 27

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 cash used in operating activities:(8,477)(14,938)Investing Activities:Purchase of property, plant and equipment(4,328)(3,394)Purchases of securities(3,994)(1,624)Sales and maturities of securities4,416 2,147 Other, net— 22 Net cash used in investing activities(3,906)(2,849)

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Three Months Ended March 31,(in thousands)20252024Financing Activities:Borrowings on loan payable18,992 90,352 Repayments on loan payable(20,371)(28,802)Payment of holdback funds from acquisition— (2,950)Finance lease payments(401)(332)Payment of preferred stock dividends(3,715)(3,714)Issuance of common stock, net5,187 — Payment of non-controlling interest dividends(118)— Debt issuance costs— (3,146)Other, net12 (111)Net cash (used in) provided by financing activities(414)51,297 Effects of exchange rate changes on cash352 (2,427)Net (decrease) increase in cash, cash equivalents and restricted cash(12,445)31,083 Cash, cash equivalents and restricted cash at beginning of period131,064 71,369 Cash, cash equivalents and restricted cash at end of period$118,619 $102,452 Schedule of cash, cash equivalents and restricted cash:Cash and cash equivalents$23,491 $43,881 Current restricted cash84,990 16,935 Long-term restricted cash10,138 41,636 Total cash, cash equivalents and restricted cash at end of period (1)$118,619 $102,452 Supplemental cash flow information:Income taxes paid, net$2,533 $2,318 Interest paid$9,284 $7,089 

(1) Includes cash held at discontinued operations of $1.9 million and $12.9 million at March 31, 2025 and 2024, respectively.

See accompanying notes to the Condensed Consolidated Financial Statements.

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BABCOCK & WILCOX ENTERPRISES, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025

NOTE 1 – BASIS OF PRESENTATION

These interim