Babcock & Wilcox Enterprises, Inc. (BW) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 17.79M | -3M | -32.11M | -25.31M | -8.48M | -22.48M | -69.67M | -11.81M | -14.94M | 8.2M | -28.22M | -9.37M | -12.88M | 36.74M | -3.79M | -21.59M | -42M | -3.36M | -21.76M | -32.12M |
| Operating CF Margin % | 8.3% | -1.86% | -21.55% | -17.57% | -5.7% | -33.91% | -33.2% | -5.05% | -9.09% | 3.61% | -11.79% | -3.21% | -5.34% | 15.54% | -1.79% | -11.03% | -20.58% | -1.75% | -13.6% | -15.83% |
| Operating CF Growth % | 309.85% | 86.65% | 53.91% | -114.36% | 43.25% | -374.01% | -146.87% | -26.01% | -15.97% | -77.67% | -644.84% | 56.6% | 69.33% | 1192.89% | 82.59% | 32.78% | 22.16% | -112.69% | -21.06% | -131.74% |
| Net Income | -79.62M | -3.5M | 35.09M | -58.51M | -7.78M | -63.02M | -5.33M | 25.36M | -16.79M | -54.3M | -12.4M | -5.01M | -12.5M | 2.6M | -20.57M | -2.99M | -8.68M | 30.19M | 13.65M | 3.14M |
| Depreciation & Amortization | 2.5M | 2.28M | 2.95M | 2.33M | 2.48M | 2.97M | 4.22M | 4.67M | 4.84M | 5M | 5.23M | 5.89M | 5.37M | 7M | 1.25M | 5.74M | 6.2M | 5.65M | 4.3M | 4.32M |
| Stock-Based Compensation | 13.23M | -2.25M | 757K | 728K | 760K | 911K | 938K | 1.3M | 1.39M | 0 | 0 | 2.21M | 3.36M | 0 | 3.44M | 1.29M | 1.77M | 1.17M | 923K | 1.2M |
| Deferred Taxes | -74K | 1.28M | -10K | 60K | -531K | 13.65M | -9.06M | 0 | 2.51M | 4.14M | -3.91M | 174K | -1.87M | 8.49M | 478K | -2.39M | -689K | -10.35M | 599K | 445K |
| Other Non-Cash Items | 70.67M | -145K | -53.95M | 38.83M | -3.76M | 29.16M | -29.3M | -35.9M | 11.02M | 33.89M | -39.09M | 2.84M | 3.83M | 1.85M | 3.22M | 1.44M | -253K | -8.86M | -12.11M | -3.28M |
| Working Capital Changes | 11.08M | -667K | -16.95M | -8.74M | 360K | -6.14M | -31.14M | -7.24M | -17.91M | 19.47M | 21.95M | -15.48M | -11.07M | 16.8M | 8.4M | -24.68M | -40.34M | -21.18M | -29.13M | -37.95M |
| Change in Receivables | -26.06M | -2.44M | -1.61M | 10.56M | -3.31M | -6.86M | 7.17M | -16.59M | -4.67M | 64.66M | 58.06M | -16.77M | -34.56M | -7.89M | -29.37M | -3.03M | -28.69M | -11.97M | -2.31M | 11.05M |
| Change in Inventory | 145K | -1.67M | 1.75M | -4.92M | -2.96M | -2.98M | -3.91M | -2.63M | 3.1M | 2.37M | 5.23M | -8.13M | -7.59M | -3.9M | -1.41M | -10.7M | -3M | 1.63M | 140K | -2.96M |
| Change in Payables | 39.56M | -24.67M | -32.32M | -20.49M | 19.58M | 3.02M | -30.16M | 37.05M | -1.76M | -15.17M | -12.44M | 10.9M | 29.64M | 13.04M | 15.97M | 12.37M | 11.3M | -295K | -2.85M | 3.98M |
| Cash from Investing | -3.54M | 24.58M | 161.77M | 14.55M | -3.91M | 31.95M | 2.13M | 78.89M | -2.85M | 651K | -4.42M | -2.01M | -2.16M | -1.23M | -1.99M | -198K | -65.38M | -27.66M | -12.49M | 2.09M |
| Capital Expenditures | -7.13M | -4.2M | -5.52M | -2.75M | -4.33M | -1.08M | -2.16M | -4.58M | -3.39M | 746K | -4.95M | -3.39M | -2.21M | -4.29M | -6.23M | -1.72M | -1M | -2.47M | -2.04M | -758K |
| CapEx % of Revenue | 3.32% | 2.61% | 3.7% | 1.91% | 2.91% | 1.63% | 1.03% | 1.96% | 2.07% | 0.33% | 2.07% | 1.16% | 0.92% | 1.81% | 2.94% | 0.88% | 0.49% | 1.28% | 1.28% | 0.37% |
| Acquisitions | 3.55M | 28.85M | 0 | 0 | 0 | 33.29M | 4.14M | 0 | 0 | 0 | 0 | 0 | 0 | 3M | 2.5M | 0 | -64.91M | -26.51M | -10.61M | 3.87M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 167.39M | 20.06M | 4.42M | -9K | 203K | 83.45M | 22K | 46K | -148K | 0 | 0 | 167K | 65K | 249K | -15K | 0 | 0 | -534K |
| Cash from Financing | -20.31M | -21.32M | -39.96M | 2.99M | -414K | -1.11M | -10.78M | 30.32M | 51.3M | -3.38M | 16.18M | 1.61M | -5.85M | 7.92M | -3.44M | -14.07M | -1.57M | 143.59M | 7.93M | 115.35M |
| Debt Issued (Net) | -44.5M | -113.55M | -59.57M | 7.82M | -1.78M | -362K | -2.45M | 33.91M | 61.22M | -368K | 20.9M | 5.47M | -1.94M | 80K | 2.55M | -12.19M | 2.58M | 154.91M | 13.86M | 15.45M |
| Equity Issued (Net) | 34.08M | 97.61M | 26.61M | 300K | 5.19M | 5.84M | -258K | 2.02M | 0 | -13K | -1.33M | -1K | -64K | -4K | -2.63M | 0 | -221K | 1.25M | 4.21M | 105.51M |
| Dividends Paid | -3.71M | -3.75M | -7.43M | 118K | -3.71M | -3.71M | -7.43M | -3.71M | -3.71M | -3.72M | 3K | -3.72M | -3.71M | -3.71M | -3.71M | -3.71M | -3.71M | -3.71M | -3.68M | -1.73M |
| Share Repurchases | 0 | -14K | -386K | 0 | 0 | -62K | -258K | -16K | 0 | -13K | -1.33M | -1K | -64K | -4K | -2.59M | 0 | -221K | -81K | -1.55M | -3K |
| Other Financing | -6.17M | -1.62M | 438K | -5.25M | -106K | -2.88M | -641K | -1.89M | -6.21M | 721K | -3.39M | -141K | -139K | 11.55M | 364K | 1.83M | -212K | -8.85M | -6.45M | -3.87M |
| Net Change in Cash | -13.69M | -15.42M | 90.28M | -7.81M | -12.45M | 3.15M | -74.17M | 99.64M | 31.08M | 16.17M | -18.5M | -7.19M | -22.39M | 33.47M | -10.69M | -36.78M | -109.75M | 110.97M | -27.85M | 85.15M |
| Free Cash Flow | 10.66M | -7.21M | -37.63M | -28.06M | -12.8M | -23.55M | -71.83M | -16.38M | -18.33M | 8.95M | -33.17M | -12.76M | -15.09M | 32.45M | -10.02M | -23.31M | -43M | -5.83M | -23.8M | -32.88M |
| FCF Margin % | 4.97% | -4.48% | -25.25% | -19.48% | -8.62% | -35.54% | -34.23% | -7.01% | -11.16% | 3.94% | -13.86% | -4.38% | -6.25% | 13.73% | -4.73% | -11.91% | -21.07% | -3.03% | -14.88% | -16.21% |
| FCF Growth % | 183.26% | 69.41% | 47.61% | -71.26% | 30.15% | -363.21% | -116.52% | -28.43% | -21.49% | -72.42% | -231.24% | 45.27% | 64.91% | 656.83% | 57.93% | 29.11% | 22.33% | -128.38% | -28.16% | -150.18% |
| FCF per Share | 0.08 | -0.06 | -0.37 | -0.28 | -0.13 | -0.25 | -0.78 | -0.18 | -0.20 | 0.10 | -0.37 | -0.14 | -0.17 | 0.37 | -0.11 | -0.26 | -0.49 | -0.07 | -0.27 | -0.38 |
| FCF Conversion (FCF/Net Income) | -0.23x | 0.24x | 1.78x | 1.17x | 0.37x | 0.36x | 13.07x | -0.47x | 0.89x | -0.13x | 0.24x | 1.84x | 1.03x | 6.41x | 0.21x | 8.41x | 5.08x | -0.11x | -1.59x | -10.28x |
| Interest Paid | 0 | 0 | 6.29M | 9.23M | 9.28M | 9.52M | 11.57M | 9.14M | 7.09M | 0 | 0 | 6.38M | 6.38M | 0 | 6.29M | 6.29M | 6.71M | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 4.1M | 1.5M | 2.53M | 2.59M | 920K | 1.94M | 2.32M | 0 | 0 | 1.71M | 1.55M | 0 | 589K | 1.63M | 471K | 0 | 0 | 0 |