| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 24,393 | 21,710 | ||
| Current restricted cash | 165,527 | 77,140 | ||
| Accounts receivable trade, net of allowance for credit losses of 1.4 million and 1.4 million as of september30, 2025 and december31, 2024, respectively | 101,662 | 97,699 | ||
| Contracts in progress | 70,757 | 70,849 | ||
| Inventories, net | 64,564 | 65,704 | ||
| Other current assets | 26,760 | 24,461 | ||
| Current assets held for sale | 26,070 | 169,338 | ||
| Total current assets | 479,733 | 526,901 | ||
| Property, plant and equipment - gross | 139,082 | - | ||
| Less accumulated depreciation | 94,587 | - | ||
| Net property, plant and equipment | 44,495 | - | ||
| Finance leases | 33,918 | - | ||
| Less finance lease accumulated amortization | 11,795 | - | ||
| Net property, plant and equipment and finance leases | 66,618 | 63,555 | ||
| Goodwill | 52,595 | 53,440 | ||
| Intangible assets, net | 16,809 | 17,867 | ||
| Right-of-use assets | 17,892 | 16,064 | ||
| Long-term restricted cash | 10,340 | 10,238 | ||
| Deferred tax assets | 85 | 89 | ||
| Other assets | 13,812 | 15,336 | ||
| Total assets | 657,884 | 703,490 | ||
| Accounts payable | 75,637 | 96,887 | ||
| Accrued employee benefits | 5,928 | 4,973 | ||
| Advance billings on contracts | 79,439 | 59,147 | ||
| Accrued warranty expense | 2,609 | 2,599 | ||
| Financing lease liabilities | 1,831 | 1,778 | ||
| Operating lease liabilities | 3,375 | 3,034 | ||
| Other accrued liabilities | 29,333 | 34,565 | ||
| Current senior notes-Senior Notes Due Excluding2030Notes | 98,157 | 108,581 | ||
| Current borrowings | 70,300 | 127,165 | ||
| Current liabilities held for sale | 34,376 | 90,564 | ||
| Total current liabilities | 400,985 | 529,293 | ||
| Senior notes, net of current portion-Senior Notes Due Excluding2030Notes | 89,790 | 102,214 | ||
| Senior notes due 2030-Senior Notes8.75Due2030 | 144,646 | 124,860 | ||
| Borrowings, net of current portion | 13,476 | 8,504 | ||
| Pension and other postretirement benefit liabilities | 178,954 | 185,887 | ||
| Finance lease liabilities, net of current portion | 27,195 | 27,671 | ||
| Operating lease liabilities, net of current portion | 14,741 | 13,022 | ||
| Deferred tax liability | 10,547 | 11,250 | ||
| Other noncurrent liabilities | 9,757 | 9,475 | ||
| Total liabilities | 890,091 | 1,012,176 | ||
| Preferred stock, par value 0.01 per share, authorized shares of 20,000 issued and outstanding shares 7,669 at september30, 2025 and december31, 2024 | 77 | 77 | ||
| Common stock, par value 0.01 per share, authorized shares of 500,000 outstanding shares of 111,100 and 95,138at september30, 2025 and december31, 2024, respectively | 5,375 | 5,248 | ||
| Capital in excess of par value | 1,593,388 | 1,565,762 | ||
| Treasury stock at cost, 2,690 and 2,379 shares at september30, 2025 and december31, 2024, respectively | 115,886 | 115,500 | ||
| Accumulated deficit | -1,702,268 | -1,733,645 | ||
| Accumulated other comprehensive loss | -12,893 | -31,168 | ||
| Stockholders' deficit attributable to shareholders | -232,207 | -309,226 | ||
| Non-controlling interest from discontinued operations | 0 | 540 | ||
| Total stockholders' deficit | -232,207 | -308,686 | ||
| Total liabilities and stockholders' deficit | 657,884 | 703,490 | ||
Babcock & Wilcox Enterprises, Inc. (BWSN)
Babcock & Wilcox Enterprises, Inc. (BWSN)