Babcock & wilcox enterprises, inc. (BW)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash flows from operating activities:
Net loss

-110,795

-129,039

-367,822

-416,426

-654,388

-724,857

-598,767

-607,262

-492,509

-379,015

-343,066

-219,966

-132,516

-115,082

-49,026

-51,752

17,189

19,337

0

0

0

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization of long-lived assets

20,507

23,605

26,639

28,907

30,239

32,003

33,588

35,611

37,626

40,138

43,207

48,607

44,872

39,583

33,460

25,915

29,633

34,932

0

0

0

Amortization of deferred financing costs, debt discount and payment-in-kind interest

65,363

61,181

57,791

41,606

26,471

25,727

13,338

12,879

11,013

6,407

4,434

2,008

1,278

1,244

0

0

0

-

-

-

-

Non-cash operating lease expense

5,036

5,356

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from equity method investees

-

-

-

-

-

6,758

10,118

11,352

14,313

8,326

16,366

17,959

14,382

16,440

4,702

4,110

4,505

-242

0

0

0

Other-than-temporary impairment of equity method investment in TBWES

-

-

-

-

-

18,362

18,362

18,362

36,555

18,193

0

0

0

-

-

-

-

-

-

-

-

Gains on asset disposals

4,855

3,940

833

579

-786

-1,313

-3,250

-3,691

-1,743

-1,871

-575

-571

-15,593

-14,938

0

0

0

-

-

-

-

Benefit from deferred income taxes, including valuation allowances

-1,104

-855

-369

98,761

96,829

98,060

150,111

50,153

52,383

50,304

0

0

0

-

-

-

-

-

-

-

-

Provision for (benefit from) deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-36,375

-

0

0

0

Mark to market (gains) losses and prior service cost amortization for pension and postretirement plans

10,949

10,661

-70,016

-65,050

-63,992

-63,511

17,001

12,157

12,236

11,608

-4,481

-5,760

-36,544

-36,346

-70,957

-70,397

-40,502

-40,611

0

0

0

Stock-based compensation, net of associated income taxes

3,560

3,084

2,093

1,833

2,505

2,254

5,292

6,321

7,736

11,813

10,753

11,996

15,441

16,129

19,190

18,428

12,691

7,773

0

0

0

Changes in assets and liabilities:
Accounts receivable

-74,321

-63,914

-76,271

-33,970

-63,231

-80,376

-53,418

-43,712

-32,584

-9,414

952

-3,622

-23,429

-46,755

-17,522

36,663

55,588

54,807

0

0

0

Contracts in progress

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance billings on contracts

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contracts in progress and advance billings on contracts

-

-

-

-

-

-

71,926

61,199

-2,791

24,001

-47,406

-15,129

12,269

13,259

39,561

-36,117

16,338

-62,971

0

0

0

Inventories

-384

4,141

1,431

-461

-2,832

-10,337

-14,354

-14,418

-14,524

-11,874

-13,576

-10,996

-5,483

-2,869

2,458

-651

-5,666

-6,060

0

0

0

Income taxes

-566

1,273

3,144

-11

-15,517

-5,342

10,556

23,481

33,406

26,618

25,493

24,131

26,331

22,593

27,806

8,913

14,948

9,275

0

0

0

Accounts payable

-111,504

-80,459

-63,339

-20,945

3,272

-4,360

-32,483

-55,221

-16,852

-14,664

42,446

66,780

19,716

4,542

-6,704

-7,552

23,418

17,863

0

0

0

Accrued and other current liabilities

-23,471

-23,101

-11,192

2,733

48,999

38,734

14,791

-23,557

-117

-30,049

-6,319

16,215

-29,098

5,959

-19,141

22,782

11,375

11,464

0

0

0

Accrued contract loss

-22,344

-50,654

-29,706

-33,968

-16,295

21,531

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Pension liabilities, accrued postretirement benefits and employee benefits

26,010

16,346

15,397

21,507

29,930

38,976

45,953

49,123

51,763

44,584

53,727

51,361

34,457

46,973

16,467

3,751

10,320

2,336

0

0

0

Other, net

6,924

328

507

28,949

-392

6,023

-3,686

-14,549

2,974

7,790

13,624

10,916

6,763

4,242

-18,065

-8,271

-1,251

-2,970

0

0

0

Net cash used in operating activities

-174,082

-176,317

-269,510

-324,253

-234,744

-281,885

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from operating activities

-

-

-

-

-

-

-

-

-

-

0

0

-34,545

-

37,596

98,940

80,023

170,399

0

0

0

Cash flows from investing activities:
Purchase of property, plant and equipment

5,910

3,804

2,088

1,557

2,557

5,473

8,631

10,887

13,023

14,278

12,740

16,584

22,866

22,450

33,842

33,789

33,664

35,397

0

0

0

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

52,547

54,347

197,327

197,327

144,780

0

0

0

-

-

-

-

Proceeds from sale of business

-

-

-

-

-

155,016

43,920

5,105

5,105

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of equity method investments in joint venture

-

-

-

-

-

28,764

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,298

0

0

0

Purchases of available-for-sale securities

9,230

8,914

20,482

27,640

31,260

34,836

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

51,066

-

34,811

25,832

17,573

14,008

0

0

0

Sales and maturities of available-for-sale securities

14,010

11,547

22,136

24,522

26,726

35,220

22,630

23,173

25,190

31,435

35,881

39,962

38,999

29,846

20,255

15,343

11,535

5,266

0

0

0

Other, net

-3,241

-2,505

-531

117

-462

-534

-268

-987

-768

-708

-1,263

-1,118

-1,431

-646

0

0

0

-

-

-

-

Net cash used in investing activities

9,556

8,779

118,638

160,250

150,968

179,225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from asset disposals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash from investing activities

-

-

-

-

-

-

-

-

-

-

0

0

-229,716

-

-212,428

-71,066

-44,308

-45,852

0

0

0

Cash flows from financing activities:
Increase in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net transfers from our former Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80,589

0

0

0

Shares of our common stock returned to treasury stock

104

117

83

82

107

805

806

840

843

967

946

26,976

42,970

78,410

102,524

77,715

61,692

25,408

0

0

0

Debt issuance costs

15,693

16,619

29,789

30,024

23,594

22,360

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other, net

0

-

-

-

0

-

-

-

178

-1,082

622

-587

-1,582

-246

-1,401

-683

-492

-491

0

0

0

Net cash from financing activities

164,707

167,018

129,314

135,696

44,232

82,612

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Effects of exchange rate changes on cash

-4,282

-2,818

-4,915

1,426

2,962

-2,320

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from financing activities

-

-

-

-

-

-

-

-

-

-

0

0

27,835

-

-90,077

-78,413

43,459

53,610

0

0

0

Effects of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

0

0

-6,931

-

-4,173

-6,021

1,462

-6,407

0

0

0

Net decrease in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

0

0

-243,357

-

-269,082

-56,560

60,253

146,533

0

0

0

Cash flow from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

171,750

0

0

0

Operating cash flows from discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,194

0

0

0

Investing cash flows from discontinued operations, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23

0

0

0

Less net increase in cash and cash equivalents of discontinued operations

-

-

-

-

-

12,950

0

0

0

-

-

-

-

-

-

-

-

-25,217

0

0

0

Net decrease in cash, cash equivalents and restricted cash

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash of continuing operations

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

U.S. Revolving Credit Facility
Borrowings under credit facilities

290,600

291,600

370,717

437,600

479,300

565,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of lines of credit

280,900

257,500

369,617

449,500

481,044

514,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Last Out Term Loan Tranche A-2
Borrowings under credit facilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Last Out Term Loan Tranche A-4
Borrowings under credit facilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign Revolvers
Repayments of lines of credit

5

605

2,320

2,905

2,900

7,322

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Last Out Term Loans - cash interest
Borrowings under our last out term loan from related party

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-