Babcock & Wilcox Enterprises, Inc. (BW)

BW Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-72.32	-119.83	-394.42	-53.17	63.08
Depreciation & Amortization	10.14	16.71	21	23.99	18.34
Stock-Based Compensation	2.8	4.69	8.7	9.98	7.8
Other Adjustments	-19.67	18.37	119.18	1.81	-25.57
Change in Receivables	-16.47	-12.25	13.33	-28.22	0.23
Changes in Inventories	-7.83	-6.41	-8.13	-19	-3.05
Changes in Accounts Payable	-57.94	8.14	12.93	52.68	7.08
Changes in Accrued Expenses	15.79	-28.54	-2.59	-18.92	-47.77
Changes in Income Taxes Payable	0.17	9.66	-6.31	-0.25	-2.14
Changes in Unearned Revenue	70.42	-44.9	-7.09	8.22	-18.46
Changes in Other Operating Activities	-30.14	-24.31	3.92	-34.35	-79.19
Operating Cash Flow	-68.89	-118.74	-42.27	-30.64	-111.2
Capital Expenditures	-16.77	-11.21	-9.8	-13.24	-6.68
Purchases of Investments	-5.99	-7.13	-6.09	-6.43	-12.61
Proceeds from Sale of Investments	3.51	7.36	8.05	9.82	15.69
Payments for Business Acquisitions	-	-	-	-64.91	-55.34
Proceeds from Business Divestments	216.27	120.91	-	5.5	25.39
Other Investing Activities	-	0.03	-0.1	0.47	-
Investing Cash Flow	197.01	109.96	-7.94	-68.8	-33.54
Short-Term Debt Issued	-	-	-	-	14.5
Short-Term Debt Repaid	-	-	-	-	-178.8
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-164.3
Long-Term Debt Issued	84.61	215.62	252.54	14.02	310.47
Long-Term Debt Repaid	-249.63	-121.94	-226.63	-16.92	-76.25
Net Long-Term Debt Issued (Repaid)	-165.02	93.67	25.92	-2.9	234.22
Issuance of Common Stock	130.13	7.94	-	-	160.84
Repurchase of Common Stock	-0.39	-0.34	-1.41	-2.82	-4.94
Net Common Stock Issued (Repurchased)	129.74	7.6	-1.41	-2.82	155.9
Issuance of Preferred Stock	-	-	-	-	113.28
Net Preferred Stock Issued (Repurchased)	-	-	-	-	113.28
Preferred Share Dividends Paid	-14.86	-18.57	-11.14	-14.86	-9.13
Other Financing Activities	-8.59	-12.97	-4.8	9.41	-27.15
Financing Cash Flow	-58.73	69.73	8.56	-11.17	302.81
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.9	-1.26	-0.44	-2.65	1.22
Net Cash Flow	70.3	59.7	-42.09	-113.26	159.29
Free Cash Flow	-85.66	-129.94	-52.07	-43.88	-117.88
FCF Margin	-14.58%	-22.36%	-8.86%	-7.20%	-16.58%
Free Cash Flow Per Share	-0.81	-1.42	-0.58	-0.50	-1.41
Levered Free Cash Flow	-268.36	-121.86	-379.42	-64.34	-9.29
Unlevered Free Cash Flow	10.65	-88.24	-17.21	-4.06	-108.27

Updated Mar 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q