Company: BWNB
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001630805-25-000007
Chunk: 42

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 42
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Foreign exchange 3,079 2,507 582 Changes in operating assets and liabilities:Accounts receivable(13,393)31,218 (28,217)Contracts in progress (41,580)40,173 (54,108)Advance billings on contracts(3,315)(47,261)62,330 Inventories(6,410)(8,130)(19,002)Income taxes9,663 (6,307)(248)Accounts payable8,143 12,930 52,680 Accrued and other current liabilities(28,537)(2,586)(18,921)Accrued contract loss(2,364)838 6,402 Pension liabilities, accrued postretirement benefits and employee benefits(16,755)(5,024)(36,543)Other, net(5,331)(980)(4,205)Net cash used in operating activities(118,735)(42,270)(30,637)Cash flows from investing activities:Purchase of property, plant and equipment(11,205)(9,800)(13,238)Acquisition of business, net of cash acquired— — (64,914)Proceeds from sale of business and assets120,906 — 5,498 Purchases of available-for-sale securities(7,133)(6,087)(6,427)Sales and maturities of available-for-sale securities7,357 8,051 9,815 Other, net34 (102)466 Net cash provided by (used in) investing activities109,959 (7,938)(68,800)

57

Year ended December 31,(in thousands)202420232022Cash flows from financing activities:Issuance of senior notes— — 6,828 Borrowings on loan payable215,615 252,544 7,192 Repayments on loan payable(121,944)(226,629)(16,915)Payment of holdback funds from acquisition(2,950)(2,798)— Proceeds from sale-leaseback financing transactions— — 13,339 Finance lease payments(1,359)(1,195)(2,435)Payment of preferred stock dividends(18,573)(11,144)(14,860)Shares of common stock returned to treasury stock(336)(1,411)(2,819)Issuance of common stock, net