Company: BWXT
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001486957-25-000052
Chunk: 11

Company: BWX Technologies, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 accompanying notes to condensed consolidated financial statements.

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Table of Contents

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

ASSETS

June 30,2025December 31,2024(Unaudited)(In thousands)Current Assets:Cash and cash equivalents$36,984 $74,109 Restricted cash and cash equivalents3,049 2,785 Accounts receivable – trade, net148,756 99,112 Accounts receivable – other24,508 53,199 Retainages40,712 33,667 Contracts in progress639,601 577,745 Inventories51,560 40,288 Other current assets51,715 49,092 Total Current Assets996,885 929,997 Property, Plant and Equipment, Net1,537,771 1,278,161 Investments7,572 10,609 Goodwill512,602 287,362 Deferred Income Taxes4,727 6,569 Investments in Unconsolidated Affiliates175,635 99,403 Intangible Assets324,533 165,325 Other Assets139,347 92,498 TOTAL ASSETS$3,699,072 $2,869,924 

See accompanying notes to condensed consolidated financial statements.

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Table of Contents

BWX TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

LIABILITIES AND STOCKHOLDERS' EQUITY

June 30,2025December 31,2024(Unaudited)(In thousands, except shareand per share amounts)Current Liabilities:Current portion of long-term debt$12,500 $12,500 Accounts payable191,500 158,077 Accrued employee benefits83,274 77,234 Accrued liabilities – other104,576 65,100 Advance billings on contracts198,336 161,290 Total Current Liabilities590,186 474,201 Long-Term Debt1,519,728 1,042,970 Accumulated Postretirement Benefit Obligation77,490 16,515 Environmental Liabilities96,620 94,225 Pension Liability108,215 82,602 Other Liabilities122,927 79,007 Commitments and Contingencies (Note 5)Stockholders' Equity: