Babcock Wilcox Enterprises Inc

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 15, 2024

BW$4.48+18.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets as of December 31, 2023 and

	December 31,
(in thousands, except per share amount)	2023	2022
Cash and cash equivalents	$65,304	$76,238
Current restricted cash and cash equivalents	5,737	15,335
Accounts receivable – trade, net	144,016	158,360
Accounts receivable – other	36,179	38,500
Contracts in progress	90,054	118,180
Inventories, net	113,890	102,636
Other current assets	23,918	27,002
Current assets held for sale	18,495	21,362
Total current assets	497,593	557,613
Net property, plant and equipment and finance leases	78,369	84,887
Goodwill	101,956	100,437
Intangible assets, net	45,627	51,564
Right-of-use assets	28,192	28,362
Long-term restricted cash	297	21,397
Deferred tax assets	2,105	2,002
Other assets	21,559	27,414
Non-current assets held for sale	—	68,013
Total assets	$775,698	$941,689
Accounts payable	127,491	131,221
Accrued employee benefits	10,797	12,509
Advance billings on contracts	81,098	130,945
Accrued warranty expense	7,634	9,568
Financing lease liabilities	1,367	1,180
Operating lease liabilities	3,932	3,498
Other accrued liabilities	68,090	54,035
Loans payable	6,174	3,827
Current liabilities held for sale	43,614	24,751
Total current liabilities	350,197	371,534
Senior notes	337,869	335,498
Long term loans payable	35,442	13,197
Pension and other accumulated postretirement benefit liabilities	172,911	136,176
Non-current finance lease liabilities	26,206	27,482
Non-current operating lease liabilities	25,350	25,588
Deferred tax liabilities	12,991	12,056
Other non-current liabilities	15,082	16,596
Non-current liabilities held for sale	—	5,651
Total liabilities	976,048	943,778
Commitments and contingencies
Stockholders' deficit:
Preferred stock, par value $0.01 per share, authorized shares of 20,000; issued and outstanding shares of 7,669 at both December 31, 2023 and 2022	77	77
Common stock, par value $0.01 per share, authorized shares of 500,000; issued and outstanding shares of 89,449 and 88,700 at December 31, 2023 and 2022, respectively	5,148	5,138
Capital in excess of par value	1,546,281	1,537,625
Treasury stock at cost, 2,139 and 1,868 shares at December 31, 2023 and 2022, respectively	(115,164)	(113,753)
Accumulated deficit	(1,570,942)	(1,358,875)
Accumulated other comprehensive loss	(66,361)	(72,786)
Stockholders' deficit attributable to shareholders	(200,961)	(2,574)
Non-controlling interest	611	485
Total stockholders' deficit	(200,350)	(2,089)
Total liabilities and stockholders' deficit	$775,698	$941,689

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.