XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 33,861 $ 35,244
Restricted cash and cash equivalents 2,987 2,928
Investments 0 3,804
Accounts receivable – trade, net 64,299 60,782
Accounts receivable – other 30,522 26,894
Retainages 54,374 48,566
Contracts in progress 590,369 538,365
Other current assets 62,789 55,036
Total Current Assets 839,201 771,619
Property, Plant and Equipment, Net 1,183,403 1,134,897
Investments 9,000 8,097
Goodwill 297,079 293,165
Deferred Income Taxes 20,175 20,585
Investments in Unconsolidated Affiliates 104,311 100,198
Intangible Assets 191,353 193,612
Other Assets 96,052 96,766
TOTAL 2,740,574 2,618,939
Current Liabilities:    
Current portion of long-term debt 6,250 6,250
Accounts payable 144,437 127,112
Accrued employee benefits 49,025 61,079
Accrued liabilities – other 60,577 84,693
Advance billings on contracts 87,772 88,726
Total Current Liabilities 348,061 367,860
Long-Term Debt 1,330,523 1,282,624
Accumulated Postretirement Benefit Obligation 17,927 18,157
Environmental Liabilities 94,866 90,989
Pension Liability 53,766 57,832
Other Liabilities 53,903 53,122
Commitments and Contingencies (Note 5)
Stockholders' Equity:    
Common stock, par value $0.01 per share, authorized 325,000,000 shares; issued 127,986,101 and 127,671,756 shares at June 30, 2023 and December 31, 2022, respectively 1,280 1,277
Preferred stock, par value $0.01 per share, authorized 75,000,000 shares; No shares issued 0 0
Capital in excess of par value 198,106 189,263
Retained earnings 2,010,212 1,932,970
Treasury stock at cost, 36,530,126 and 36,417,480 shares at June 30, 2023 and December 31, 2022, respectively (1,360,219) (1,353,270)
Accumulated other comprehensive income (loss) (7,720) (21,930)
Stockholders' Equity – BWX Technologies, Inc. 841,659 748,310
Noncontrolling interest (131) 45
Total Stockholders' Equity 841,528 748,355
TOTAL $ 2,740,574 $ 2,618,939