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Babcock & Wilcox Enterprises, Inc.
CIK:0001630805|SEC Filings
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
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|---|---|---|---|---|---|
| Statement of Financial Position [Abstract] | |||||
| Cash and cash equivalents | $ 308,634 | [1] | $ 89,456 | ||
| Current restricted cash | 39,444 | 84,991 | |||
| Accounts receivable – trade, net of allowance for credit losses of $2.0 million and $2.1 million as of June 30, 2026 and December 31, 2025, respectively | 170,743 | 118,383 | |||
| Contracts in progress | 90,620 | 72,808 | |||
| Inventories, net | 60,978 | 60,880 | |||
| Customer contract asset current | 11,546 | 8,268 | |||
| Other current assets | 43,476 | 35,890 | |||
| Total current assets | 725,441 | 470,676 | |||
| Net property, plant and equipment and finance leases | 74,757 | 65,533 | |||
| Goodwill | 52,111 | 53,097 | |||
| Intangible assets, net | 13,367 | 15,267 | |||
| Right-of-use assets | 16,514 | 17,651 | |||
| Long-term restricted cash | 34,752 | 26,913 | |||
| Deferred tax assets | 911 | 945 | |||
| Customer contract asset noncurrent | 56,848 | 0 | |||
| Other assets | 24,902 | 12,856 | |||
| Total assets | 999,603 | 662,938 | |||
| Accounts payable | 169,609 | 69,192 | |||
| Accrued employee benefits | 10,252 | 4,575 | |||
| Advance billings on contracts | 81,502 | 111,987 | |||
| Accrued warranty expense | 3,933 | 3,584 | |||
| Financing lease liabilities | 2,040 | 1,894 | |||
| Operating lease liabilities | 3,598 | 3,819 | |||
| Customer warrants | 136,921 | 8,268 | |||
| Other accrued liabilities | 30,922 | 32,129 | |||
| Current senior notes | 61,369 | 83,873 | |||
| Current borrowings | 151 | 67,373 | |||
| Total current liabilities | 500,297 | 386,694 | |||
| Borrowings, net of current portion | 67,416 | 18,865 | |||
| Senior Notes due 2030 | 147,907 | 150,970 | |||
| Pension and other postretirement benefit liabilities | 167,694 | 176,191 | |||
| Finance lease liabilities, net of current portion | 25,782 | 26,742 | |||
| Operating lease liabilities, net of current portion | 14,025 | 15,125 | |||
| Deferred tax liability | 10,452 | 10,666 | |||
| Other noncurrent liabilities | 8,661 | 9,226 | |||
| Total liabilities | 942,234 | 794,479 | |||
| Stockholders' equity (deficit): | |||||
| Preferred Stock, par value $0.01 per share, authorized shares of 20,000; issued and outstanding shares of 7,669 at June 30, 2026 and December 31, 2025 | 77 | 77 | |||
| Common stock, par value $0.01 per share, authorized shares of 500,000; issued and outstanding shares of 148,962 and 130,447 at June 30, 2026 and December 31, 2025, respectively | 5,818 | 5,569 | |||
| Capital in excess of par value | 1,964,942 | 1,691,412 | |||
| Treasury stock at cost, 3,534 and 2,690 shares at June 30, 2026 and December 31, 2025, respectively | (128,867) | (115,886) | |||
| Accumulated deficit | (1,766,855) | (1,696,735) | |||
| Accumulated other comprehensive loss | (17,746) | (15,978) | |||
| Total stockholders' equity (deficit) | 57,369 | (131,541) | |||
| Total liabilities and stockholders' equity (deficit) | $ 999,603 | $ 662,938 | |||
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