Babcock & Wilcox Enterprises, Inc. (BW) financial statements (2022 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)

12/31/2021
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 investments2255744435796369
Cash and cash equivalents2255744435796365
Short-term investments      4
Receivables132128142197298291291
Inventory, net of allowances, customer advances and progress billings80676361828690
Inventory80676361828690
Contract with customer, asset805992145
Assets held-for-sale, not part of disposal group 58    
Costs in excess of billings161166128
Other current assets29262741364618
Other undisclosed current assets36463662999382
Total current assets:582389412550732778978
Noncurrent Assets
Finance lease, right-of-use asset292830
Operating lease, right-of-use asset301112
Property, plant and equipment57576791142134146
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:1602425317771239
Goodwill116474747204267201
Intangible assets, net (excluding goodwill)44242531777138
Other undisclosed intangible assets, net (including goodwill) (47)(47)(47)(204)(267) 
Other noncurrent assets55252527261716
Other undisclosed noncurrent assets 595436296426283
Total noncurrent assets:331203214196590752685
TOTAL ASSETS:9135926277451,3221,5291,663
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities153169197341355352290
Accounts payable8673110200225221175
Accrued liabilities5482691221009663
Employee-related liabilities13141819303551
Deferred revenue686475
Debt151108 103242
Contract with customer, liability149
Other undisclosed current liabilities1737222221286241269
Total current liabilities:253271602712744618561
Noncurrent Liabilities
Long-term debt and lease obligation5838439    
Long-term debt, excluding current maturities2348     
Finance lease, liability293030
Operating lease, liability2778
Liabilities, other than long-term debt217275280311293351353
Liability, pension and other postretirement and postemployment benefits183252259282256301310
Other liabilities35232129374943
Other undisclosed noncurrent liabilities326   94  
Total noncurrent liabilities:601659319311387351353
Total liabilities:8559309211,0231,132968915
Stockholders' equity
Stockholders' equity attributable to parent, including:33(339)(296)(286)182552748
Preferred stock0      
Common stock5552011
Treasury stock, value(111)(106)(106)(106) (104)(25)
Additional paid in capital1,5191,1641,1431,047801807790
Accumulated other comprehensive income (loss)(59)(52)2(11)(22)(36)(19)
Retained earnings (accumulated deficit)(1,321)(1,350)(1,340)(1,218)(492)(115)1
Other undisclosed stockholders' equity attributable to parent    (105)  
Stockholders' equity attributable to noncontrolling interest25119991
Total stockholders' equity:59(338)(295)(277)191561748
TOTAL LIABILITIES AND EQUITY:9135926277451,3221,5291,663

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7235668591,0621,5581,5781,757
Cost of revenue(544)(400)(699)(1,192)(1,458)(1,399)(1,449)
Other undisclosed gross profit     (358) 
Gross profit:180166160(130)100(179)308
Operating expenses(155)(160)(166)(286)(269)(298)(271)
Other undisclosed operating income (loss)(4)(7)(24)(11)(112)375(15)
Operating income (loss):21(2)(29)(427)(282)(103)22
Nonoperating income (expense)8(2)(95)(129)(33)(5)(2)
Investment income, nonoperating1110111
Foreign currency transaction gain (loss), before tax(4)59(17)(29)   
Net periodic defined benefits expense (reversal of expense), excluding service cost component48   
Other nonoperating income (expense)(1)(1)00(7)(2)(1)
Interest and debt expense7(6)(4)(49)(26)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:36(10)(128)(605)(341)(109)19
Other undisclosed income (loss) from continuing operations before income taxes(7)64492611
Income (loss) from continuing operations before income taxes:29(4)(124)(556)(314)(108)20
Income tax expense (benefit)2(8)(5)(102)(65)(7)(4)
Income (loss) from continuing operations:32(12)(130)(658)(379)(115)17
Income (loss) from discontinued operations(1)21(67)  3
Income (loss) before gain (loss) on sale of properties:31(10)(129)(725)(379)(115)19
Other undisclosed net income1      
Net income (loss):32(10)(129)(725)(379)(115)19
Net income (loss) attributable to noncontrolling interest(1)(0)7(0)1(1)(0)
Other undisclosed net loss attributable to parent    (2)  
Net income (loss) attributable to parent:31(10)(122)(725)(380)(116)19
Preferred stock dividends and other adjustments(9)      
Net income (loss) available to common stockholders, basic:22(10)(122)(725)(380)(116)19
Dilutive securities, effect on basic earnings per share   101 
Net income (loss) available to common stockholders, diluted:22(10)(122)(725)(379)(115)19

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):32(10)(129)(725)(379)(115)19
Other comprehensive income (loss)(6)(54)131114(18)(18)
Comprehensive income (loss):25(65)(116)(714)(365)(133)2
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)7(0)(1)(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:25(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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