BWX Technologies Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
BWXT$126.64-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) (In thousands) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net Income | $211,220 | $180,010 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 63,429 | 58,205 |
| Income of investees, net of dividends | (9,778) | (4,854) |
| Recognition of losses for pension and postretirement plans | 2,494 | 2,490 |
| Stock-based compensation expense | 14,852 | 12,305 |
| Other, net | (633) | 21 |
| Changes in assets and liabilities, net of effects from acquisitions: | ||
| Accounts receivable | (30,238) | (31,520) |
| Accounts payable | 48,306 | 24,874 |
| Retainages | (37,114) | (29,257) |
| Contracts in progress and advance billings on contracts | (120,829) | (38,217) |
| Income taxes | 15,654 | (5,331) |
| Accrued and other current liabilities | 5,174 | (10,231) |
| Pension liabilities, accrued postretirement benefit obligations and employee benefits | (20,217) | (10,874) |
| Other, net | (10,772) | (5,684) |
| NET CASH PROVIDED BY OPERATING ACTIVITIES | 131,548 | 141,937 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property, plant and equipment | (101,128) | (100,498) |
| Purchases of securities | — | (2,343) |
| Sales and maturities of securities | — | 5,996 |
| Other, net | 203 | (8,142) |
| NET CASH USED IN INVESTING ACTIVITIES | (100,925) | (104,987) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Borrowings of long-term debt | 396,800 | 332,000 |
| Repayments of long-term debt | (376,488) | (281,688) |
| Repurchases of common stock | (20,000) | — |
| Dividends paid to common shareholders | (66,326) | (63,870) |
| Cash paid for shares withheld to satisfy employee taxes | (7,244) | (7,505) |
| Settlements of forward contracts, net | 2,954 | (2,030) |
| Other, net | 409 | 902 |
| NET CASH USED IN FINANCING ACTIVITIES | (69,895) | (22,191) |
| EFFECTS OF EXCHANGE RATE CHANGES ON CASH | (379) | 414 |
| TOTAL (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS | (39,651) | 15,173 |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 81,615 | 40,990 |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF PERIOD | $41,964 | $56,163 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Cash paid during the period for: | ||
| Interest | $48,360 | $44,745 |
| Income taxes (net of refunds) | $43,547 | $59,947 |
| SCHEDULE OF NON-CASH INVESTING ACTIVITY: | ||
| Accrued capital expenditures included in accounts payable | $15,114 | $9,239 |
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