Company: BWXT
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001486957-25-000059
Chunk: 19

Company: BWX Technologies, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 $211,220 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization79,629 63,429 Income of investees, net of dividends(5,744)(9,778)(Gains) Losses on asset disposals and impairments - net(4,417)(4)Recognition of losses for pension and postretirement plans2,442 2,494 Stock-based compensation expense20,720 14,852 Other, net2,908 (629)Changes in assets and liabilities, net of effects from acquisitions:Accounts receivable(30,051)(30,238)Accounts payable32,040 48,306 Retainages(34,284)(37,114)Contracts in progress and advance billings on contracts21,315 (120,829)Income taxes43,935 15,654 Accrued and other current liabilities28,032 5,174 Pension liabilities, accrued postretirement benefit obligations and employee benefits(31,021)(20,217)Other, net(8,830)(10,772)NET CASH PROVIDED BY OPERATING ACTIVITIES352,853 131,548 CASH FLOWS FROM INVESTING ACTIVITIES:Purchases of property, plant and equipment(114,365)(101,128)Acquisition of businesses, net of cash acquired(536,000)— Sales and maturities of securities3,396 — Investments, net of return of capital, in equity method investees(30,990)— Other, net4,066 203 NET CASH USED IN INVESTING ACTIVITIES(673,893)(100,925)CASH FLOWS FROM FINANCING ACTIVITIES:Borrowings of long-term debt871,600 396,800 Repayments of long-term debt(420,975)(376,488)Repurchases of common stock(30,000)(20,000)Dividends paid to common shareholders(69,704)(66,326)Cash paid for shares withheld to satisfy employee taxes(13,400)(7,244)Settlements of forward contracts, net782 2,954 Other, net1,305 409 NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES339,608 (69,895)EFFECTS OF EXCHANGE RATE CHANGES ON CASH(12,186