Babcock (BW) financial statements (2021 and earlier)

Company profile

Business Address 1200 E. MARKET STREET, SUITE 650
AKRON, OH 44305
State of Incorp. DE
Fiscal Year End December 31
SIC 3433 - Heating Equipment, Except Electric and Warm Air Furnaces (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5744435796369
Cash and cash equivalents5744435796365
Short-term investments     4
Receivables128142197298291291
Inventory, net of allowances, customer advances and progress billings676361828690
Inventory676361828690
Contract with customer, asset5992145
Assets held-for-sale, not part of disposal group58    
Costs in excess of billings161166128
Other current assets262741364618
Other undisclosed current assets463662999382
Total current assets:389412550732778978
Noncurrent Assets
Finance lease, right-of-use asset2830
Operating lease, right-of-use asset1112
Property, plant and equipment576791142134146
Long-term investments and receivables  12491031
Long-term investments  1243991
Accounts and financing receivable, after allowance for credit loss   65 
Intangible assets, net (including goodwill), including:2425317771239
Goodwill474747204267201
Intangible assets, net (excluding goodwill)242531777138
Other undisclosed intangible assets, net (including goodwill)(47)(47)(47)(204)(267) 
Other noncurrent assets252527261716
Other undisclosed noncurrent assets595436296426283
Total noncurrent assets:203214196590752685
TOTAL ASSETS:5926277451,3221,5291,663
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities169197341355352290
Accounts payable73110200225221175
Accrued liabilities82691221009663
Employee-related liabilities141819303551
Deferred revenue6475
Debt1108 103242
Contract with customer, liability149
Other undisclosed current liabilities37222221286241269
Total current liabilities:271602712744618561
Noncurrent Liabilities
Long-term debt and lease obligation38439    
Long-term debt, excluding current maturities348     
Finance lease, liability3030
Operating lease, liability78
Liabilities, other than long-term debt275280311293351353
Liability, pension and other postretirement and postemployment benefits252259282256301310
Other liabilities232129374943
Other undisclosed noncurrent liabilities   94  
Total noncurrent liabilities:659319311387351353
Total liabilities:9309211,0231,132968915
Stockholders' equity
Stockholders' equity attributable to parent, including:(339)(296)(286)182552748
Common stock552011
Treasury stock, value(106)(106)(106) (104)(25)
Additional paid in capital1,1641,1431,047801807790
Accumulated other comprehensive income (loss)(52)2(11)(22)(36)(19)
Retained earnings (accumulated deficit)(1,350)(1,340)(1,218)(492)(115)1
Other undisclosed stockholders' equity attributable to parent   (105)  
Stockholders' equity attributable to noncontrolling interest119991
Total stockholders' equity:(338)(295)(277)191561748
TOTAL LIABILITIES AND EQUITY:5926277451,3221,5291,663

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5668591,0621,5581,5781,757
Cost of revenue(400)(699)(1,192)(1,458)(1,399)(1,449)
Other undisclosed gross profit    (358) 
Gross profit:166160(130)100(179)308
Operating expenses(160)(166)(286)(269)(298)(271)
Other undisclosed operating income (loss)(7)(24)(11)(112)375(15)
Operating income (loss):(2)(29)(427)(282)(103)22
Nonoperating expense(2)(95)(129)(33)(5)(2)
Investment income, nonoperating110111
Foreign currency transaction gain (loss), before tax59(17)(29)   
Other nonoperating income (expense)(1)00(7)(2)(1)
Interest and debt expense(6)(4)(49)(26)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(10)(128)(605)(341)(109)19
Other undisclosed income from continuing operations before income taxes64492611
Income (loss) from continuing operations before income taxes:(4)(124)(556)(314)(108)20
Income tax expense(8)(5)(102)(65)(7)(4)
Income (loss) from continuing operations:(12)(130)(658)(379)(115)17
Income (loss) from discontinued operations21(67)  3
Net income (loss):(10)(129)(725)(379)(115)19
Net income (loss) attributable to noncontrolling interest(0)7(0)1(1)(0)
Other undisclosed net loss attributable to parent   (2)  
Net income (loss) available to common stockholders, basic:(10)(122)(725)(380)(116)19
Dilutive securities, effect on basic earnings per share  101 
Net income (loss) available to common stockholders, diluted:(10)(122)(725)(379)(115)19

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(10)(129)(725)(379)(115)19
Other comprehensive income (loss)(54)131114(18)(18)
Comprehensive income (loss):(65)(116)(714)(365)(133)2
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)7(0)(1)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:(65)(109)(714)(366)(133)1

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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