← Babcock & Wilcox Enterprises, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss from continuing operations | — | — | — | — | — | $29.3m | ($20.0m) | ($78.6m) | ($73.0m) | ($32.8m) | — | |
| Net loss attributable to stockholders | — | — | — | — | — | — | — | ($197.2m) | ($59.9m) | ($36.2m) | — | |
| Net Income (Loss) Attributable to Parent | ($115.6m) |
($379.8m)
-228.43%
|
($725.3m)
-90.95%
|
($122.0m)
+83.18%
|
($10.3m)
+91.54%
|
$30.9m
+399.42%
|
($22.9m)
-174.00%
|
($197.2m)
-762.64%
|
($59.9m)
+69.62%
|
($36.2m)
+39.65%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | $21.8m |
($37.7m)
-273.29%
|
($212.1m)
-462.20%
|
($74.8m)
+64.74%
|
($51.0m)
+31.77%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($115.1m) | ($379.0m) | ($724.9m) | ($129.0m) | ($10.3m) | $31.5m | ($26.6m) | ($197.0m) | ($59.8m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $567k | $809k | $435k | ($7.1m) | $21k | $644k | ($3.7m) | $237k | $136k | — | — | |
| Depreciation, Depletion and Amortization | $39.6m | $40.1m | $32.0m | $23.6m | $16.8m | $18.3m | $24.0m | $21.0m | $16.7m | $10.1m | $10.2m | |
| Amortization | — | $9.5m | $26.7m | $61.1m | $19.7m | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | $1.2m | $6.4m | $25.7m | $61.2m | $16.7m | $7.9m | $5.2m | $5.7m | $5.8m | $3.5m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | $11.2m | $7.0m | $7.2m | $8.8m | $3.5m | — | |
| Amortization of Intangible Assets | $19.9m | $426k | $661k | — | — | $5.1m | $9.2m | $7.2m | $3.1m | $2.9m | — | |
| Depreciation | $20.0m | $19.4m | $21.8m | $19.3m | $11.3m | $9.7m | $11.0m | — | — | — | $18.8m | |
| Depreciation and amortization of long-lived assets | $39.6m | $40.1m | $32.0m | $23.6m | $16.8m | $18.3m | $24.0m | $21.0m | $16.7m | $10.1m | $10.2m | |
| Amortization of deferred financing costs and debt premium | $1.2m | $6.4m | $25.7m | $61.2m | $16.7m | $7.9m | $5.2m | $5.7m | $5.8m | $3.5m | — | |
| Amortization of guaranty fee | — | — | — | $0 | $1.2m | $1.8m | $856k | $935k | $2.9m | $108k | — | |
| Mark to market, prior service cost amortization for pension and postretirement plans | $36.3m | ($11.6m) | $63.5m | ($10.7m) | $22.2m | ($15.5m) | ($6.8m) | $38.9m | $34.9m | $9.7m | — | |
| Deferred Income Tax Expense (Benefit) | ($9.0m) | $55.3m | $97.3m | $593k | $4.2m | ($8.5m) | $4.6m | ($1.1m) | $4.0m | ($263k) | $1.2m | |
| Provision for (benefit from) deferred income taxes, including valuation allowances | ($9.0m) | $50.3m | $98.1m | ($855k) | $1.8m | ($7.7m) | $5.9m | ($1.5m) | $7.1m | $783k | — | |
| Stock-based compensation, net of associated income taxes | $16.1m | $11.8m | $2.3m | $3.1m | $4.6m | $7.8m | $10.0m | $8.7m | $4.7m | $2.8m | $15.3m | |
| Goodwill and Intangible Asset Impairment | — | $86.9m | $40.0m | $0 | — | — | $7.2m | — | — | — | — | |
| Goodwill, Impairment Loss | — | $86.9m | $37.5m | $0 | — | $0 | $7.2m | $56.6m | — | — | ($5.9m) | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $0 | $2.5m | $0 | — | — | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | $15.0m | $300k | $0 | — | — | — | — | — | — | — | — | |
| Impairment of long-lived assets | — | — | — | — | — | — | $7.2m | $56.6m | $9.6m | $9.9m | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $8.3m | $0 | $6.5m | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $16.4m | ($9.9m) | ($11.6m) | $0 | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($5.4m) | ($1.2m) | ($129.2m) | ($95.1m) | ($2.2m) | $8.5m | ($11.3m) | ($90.1m) | ($85.9m) | ($45.3m) | — | |
| Other Nonoperating Income (Expense) | ($2.4m) | ($698k) | $259k | $285k | ($1.1m) | ($1.3m) | ($3.9m) | ($1.3m) | ($3.5m) | ($1.4m) | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $16.4m | $8.3m | $6.8m | $0 | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | — | — | — | — | — | — | $26.6m | ($19.5m) | |
| Accounts receivable – trade, net | $58.9m | $9.4m | $80.4m | $63.9m | $21.7m | $225k | ($28.2m) | $31.2m | ($13.4m) | ($16.5m) | ($19.5m) | |
| Increase (Decrease) in Inventories | ($2.9m) | ($11.9m) | ($10.3m) | $4.1m | $4.1m | $3.0m | $19.0m | $8.1m | $6.4m | $7.8m | ($4.7m) | |
| Inventories, net | $2.9m | $11.9m | $10.3m | ($4.1m) | ($4.1m) | ($3.0m) | ($19.0m) | ($8.1m) | ($6.4m) | ($7.8m) | — | |
| Increase (Decrease) in Accounts Payable | $4.5m | ($14.7m) | ($4.4m) | ($80.5m) | ($42.0m) | $7.1m | $52.7m | $12.9m | $8.1m | ($57.9m) | ($38.0m) | |
| Accrued and other current liabilities | $25.1m | ($12.4m) | $38.7m | ($23.1m) | $9.1m | ($47.8m) | ($18.9m) | ($2.6m) | ($28.5m) | $15.8m | — | |
| Accrued contract loss | — | — | $21.5m | ($50.7m) | ($5.6m) | ($204k) | $6.4m | $838k | ($2.4m) | ($4.8m) | — | |
| Pension liabilities, accrued postretirement benefits and employee benefits | ($47.0m) | ($44.6m) | ($39.0m) | ($16.3m) | ($37.2m) | ($60.8m) | ($36.5m) | ($5.0m) | ($16.8m) | ($10.6m) | — | |
| Other current and noncurrent assets | — | — | — | — | — | — | — | $10.4m | ($5.7m) | ($14.4m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $0 | ($189.8m) |
($281.9m)
-48.49%
|
($176.3m)
+37.45%
|
($40.8m)
+76.86%
|
($111.2m)
-172.50%
|
($30.6m)
+72.45%
|
($42.3m)
-37.97%
|
($118.7m)
-180.90%
|
($68.9m)
+41.98%
|
($42.6m)
+38.13%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $22.4m | $14.3m | $5.5m | $3.8m | $8.2m | $6.7m | $13.2m | $9.8m | $11.2m | $16.8m | ($19.6m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $32k | — | — | — | — | — | — | — | — | — | $38.5m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($13k) | ($1.4m) | $3.9m | $3.3m | $15.7m | $8.8m | ($57k) | $354k | ($5.7m) | $38.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $144.8m | $52.5m | $0 | — | — | $55.3m | $64.9m | $0 | $0 | — | ($93.0m) | |
| Payments for (Proceeds from) Other Investing Activities | ($646k) | ($708k) | ($534k) | ($2.5m) | ($5.0m) | $0 | ($466k) | $102k | ($34k) | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($190.2m) | ($63.9m) | $179.2m | $8.8m | $2.2m | ($33.5m) | ($68.8m) | ($7.9m) | $110.0m | $197.0m | $197.4m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | $0 | ($49.2m) | ($4.0m) | ($6.2m) | $6.5m | $0 | $0 | ($7.3m) | $1.8m | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $171.7m | — | — | — | — | — | $66.0m | |
| (Gain) loss on debt extinguishment | $0 | $0 | $49.2m | $4.0m | $6.2m | ($6.5m) | $0 | $0 | $7.3m | ($1.8m) | — | |
| Bad debt (recovery) expense | — | — | — | — | — | — | — | $9.0m | ($1.1m) | ($6.4m) | — | |
| Borrowings on loan payable | — | — | — | $0 | $0 | $7.1m | $7.2m | $252.5m | $215.6m | $84.6m | — | |
| Debt issuance costs | $0 | ($15.0m) | ($22.4m) | ($16.6m) | ($10.6m) | ($24.6m) | ($1.4m) | ($658k) | ($8.5m) | ($6.5m) | — | |
| Payments for Repurchase of Common Stock | $78.4m | $967k | $805k | $117k | $283k | $4.9m | $2.8m | $1.4m | $336k | $386k | — | |
| Proceeds from Issuance of Common Stock | — | $0 | $1.2m | $1.4m | $0 | $160.8m | $0 | — | $7.9m | $130.1m | $159.0m | |
| Shares of common stock returned to treasury stock | ($78.4m) | ($967k) | ($805k) | ($117k) | ($283k) | ($4.9m) | ($2.8m) | ($1.4m) | ($336k) | ($386k) | — | |
| Issuance of common stock, net | $0 | $0 | $1.2m | $1.4m | $0 | $160.8m | $0 | $0 | $7.9m | $130.1m | $159.0m | |
| Payment of Preferred Stock dividends | — | — | — | $0 | $0 | ($9.1m) | ($14.9m) | ($11.1m) | ($18.6m) | ($14.9m) | — | |
| Payment of non-controlling interest dividends | — | — | — | — | — | — | — | $0 | $0 | ($118k) | — | |
| Proceeds from (Payments for) Other Financing Activities | ($246k) | ($1.1m) | $0 | ($261k) | ($329k) | ($2.6m) | ($48k) | ($153k) | ($179k) | ($260k) | — | |
| Net cash (used in) provided by financing activities | ($83.4m) |
$206.1m
+347.06%
|
$82.6m
-59.92%
|
$167.0m
+102.17%
|
$44.1m
-73.60%
|
$302.8m
+586.68%
|
($11.2m)
-103.69%
|
$8.6m
+176.63%
|
$69.7m
+715.03%
|
($58.7m)
-184.22%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $206.1m |
$82.6m
-59.92%
|
$167.0m
+102.17%
|
$44.1m
-73.60%
|
$302.8m
+586.68%
|
($11.2m)
-103.69%
|
$8.6m
+176.63%
|
$69.7m
+715.03%
|
($58.7m)
-184.22%
|
($78.6m)
-33.88%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | — | ($9.4m) | ($3.3m) | $10.5m | $159.3m | ($113.3m) | ($42.1m) | $59.7m | $70.3m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($3.3m) | $10.5m | $159.3m | ($113.3m) | ($42.1m) | $59.7m | $70.3m | $194.8m | |
| Cash, cash equivalents and restricted cash, beginning of period | $115.2m | $69.7m | $60.3m | $56.9m | $67.4m | $226.7m | $113.5m | $71.4m | $131.1m | $201.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $69.7m | $60.3m | $56.9m | $67.4m | $226.7m | $113.5m | $71.4m | $131.1m | $201.4m | $194.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $6.6m | ($2.3m) | ($2.8m) | $5.0m | $1.2m | ($2.7m) | ($439k) | ($1.3m) | $901k | $82k | |
| Current restricted cash | — | — | — | — | — | $1.8m | $15.3m | $5.7m | $94.2m | $85.0m | — | |
| Long-term restricted cash | — | — | — | — | — | $0 | $21.4m | $297k | $10.0m | $26.9m | — | |
| Effects of exchange rate changes on cash | ($7.3m) | $6.6m | ($2.3m) | ($2.8m) | $5.0m | $1.2m | ($2.7m) | ($439k) | ($1.3m) | $901k | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $26.9m | $17.8m | $20.2m | $25.7m | $23.1m | $37.3m | $36.4m | — | |
| Income Taxes Paid, Net | $10.8m | ($10.9m) | $3.7m | $3.9m | $7.0m | $5.0m | $8.0m | $6.7m | $7.8m | $8.7m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | — | ($118.3m) | $13.2m | ($3.3m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($5.0m) | ($4.8m) | ($28.5m) | ($16.6m) | $58.8m | ($4.3m) | ($582k) | ($2.5m) | ($3.1m) | $6.1m | — | |
| Gain (Loss) on Disposition of Assets | $32k | — | — | ($3.6m) | ($108k) | ($1.8m) | $0 | $0 | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | — | $6.2m | — | — | — | — | |
| Gain (Loss) on Disposition of Business | — | $0 | $39.8m | ($3.6m) | ($108k) | ($1.8m) | $0 | $0 | $58.9m | $38.9m | — | |
| Goodwill | $267.4m | $85.7m | $47.1m | $47.2m | $47.4m | $116.5m | $157.0m | $102.0m | $82.1m | $53.1m | ($5.9m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | ($115.6m) | ($382.1m) | ($658.5m) | ($122.7m) | ($12.1m) | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($115.1m) | ($381.3m) | ($658.0m) | ($129.7m) | ($12.1m) | $31.5m | ($26.6m) | ($78.6m) | ($73.0m) | ($32.8m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $2.2m | ($66.8m) | $694k | $1.8m | $0 | $0 | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $6.9m | $63.7m | $102.2m | $5.3m | $8.2m | ($2.2m) | $11.1m | $8.5m | $12.2m | $8.3m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $46.1m | $37.5m | — | |
| Investment Income, Interest | $810k | $507k | $244k | $923k | $646k | $531k | $641k | $1.2m | $814k | $1.5m | — | |
| Operating Lease, Expense | — | — | — | $6.6m | $5.7m | — | $7.3m | $6.8m | $7.4m | $3.9m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $3.0m | $2.3m | $1.3m | — | — | — | — | — | — | — | — | |
| Restructuring Costs | — | $15.0m | $16.8m | $11.7m | $11.8m | $4.9m | $560k | $4.2m | $1.3m | — | — | |
| Net (loss) income from discontinued operations | — | — | — | — | — | $2.2m | ($6.6m) | ($118.3m) | $13.2m | ($3.3m) | — | |
| Gain on sale of business | — | — | — | — | — | — | $0 | $0 | ($58.9m) | ($38.9m) | — | |
| Loss on asset disposals | — | — | — | — | — | ($15.7m) | ($8.8m) | $200k | $431k | $5.7m | — | |
| Foreign exchange | — | — | — | $16.6m | ($58.8m) | $4.3m | $582k | $2.5m | $3.1m | ($6.1m) | — | |
| Contracts in progress | — | — | ($6.3m) | $48.5m | $35.9m | ($20.1m) | ($54.1m) | $40.2m | ($41.6m) | ($19.7m) | — | |
| Advance billings on contracts | — | — | ($22.3m) | ($71.3m) | ($13.1m) | $1.6m | $62.3m | ($47.3m) | ($3.3m) | $50.7m | — | |
| Income taxes | $22.6m | $26.6m | ($5.3m) | $1.3m | ($2.4m) | ($2.1m) | ($248k) | ($6.3m) | $9.7m | $168k | — | |
| Other, net | ($4.2m) | $708k | $0 | ($261k) | ($329k) | ($2.6m) | ($48k) | ($153k) | ($179k) | ($260k) | — | |
| Proceeds from sale of business and assets | $0 | $0 | $155.0m | $7.4m | $8.0m | $25.4m | $5.5m | $0 | $120.9m | $216.3m | — | |
| Purchases of securities | — | — | — | — | — | — | — | ($6.1m) | ($7.1m) | ($6.0m) | — | |
| Sales and maturities of securities | — | — | — | — | — | — | — | $8.1m | $7.4m | $3.5m | — | |
| Repayments on loan payable | — | — | — | $0 | $0 | ($846k) | ($16.9m) | ($226.6m) | ($121.9m) | ($138.9m) | — | |
| Buyback of Senior Notes due 2026 | — | — | — | — | — | — | — | $0 | $0 | ($110.7m) | — | |
| Finance lease payments | — | — | — | — | — | ($2.4m) | ($2.4m) | ($1.2m) | ($1.4m) | ($1.7m) | — | |
| Payment of holdback funds from acquisition | — | — | — | — | — | $0 | $0 | ($2.8m) | ($3.0m) | $0 | — | |
| Cash and cash equivalents | $95.9m | $56.7m | — | — | — | $224.9m | $76.7m | $65.3m | $26.9m | $89.5m | $118.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.