Babcock & Wilcox Enterprises Inc
NYSE:BW
Income Statement
Earnings Waterfall
Babcock & Wilcox Enterprises Inc
Income Statement
Babcock & Wilcox Enterprises Inc
| Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
4
|
5
|
11
|
18
|
26
|
38
|
43
|
46
|
50
|
47
|
62
|
81
|
95
|
106
|
95
|
77
|
60
|
52
|
44
|
41
|
40
|
37
|
39
|
42
|
40
|
41
|
42
|
44
|
43
|
42
|
43
|
39
|
46
|
43
|
42
|
41
|
|
| Revenue |
1 486
N/A
|
1 571
+6%
|
1 681
+7%
|
1 699
+1%
|
1 757
+3%
|
1 764
+0%
|
1 710
-3%
|
1 701
-1%
|
1 421
-16%
|
1 365
-4%
|
1 288
-6%
|
1 234
-4%
|
1 341
+9%
|
1 247
-7%
|
1 232
-1%
|
1 170
-5%
|
1 062
-9%
|
1 041
-2%
|
998
-4%
|
902
-10%
|
859
-5%
|
776
-10%
|
663
-15%
|
597
-10%
|
566
-5%
|
586
+3%
|
654
+12%
|
681
+4%
|
723
+6%
|
759
+5%
|
777
+2%
|
832
+7%
|
890
+7%
|
943
+6%
|
1 027
+9%
|
1 052
+2%
|
727
-31%
|
979
+35%
|
908
-7%
|
878
-3%
|
717
-18%
|
691
-4%
|
601
-13%
|
541
-10%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 267)
|
(1 326)
|
(1 423)
|
(1 451)
|
(1 449)
|
(1 459)
|
(1 461)
|
(1 456)
|
(1 283)
|
(1 257)
|
(1 276)
|
(1 265)
|
(1 317)
|
(1 296)
|
(1 253)
|
(1 211)
|
(1 192)
|
(1 116)
|
(987)
|
(861)
|
(699)
|
(612)
|
(512)
|
(428)
|
(401)
|
(417)
|
(473)
|
(513)
|
(544)
|
(576)
|
(590)
|
(652)
|
(704)
|
(745)
|
(816)
|
(826)
|
(551)
|
(761)
|
(696)
|
(627)
|
(540)
|
(479)
|
(401)
|
(396)
|
|
| Gross Profit |
219
N/A
|
246
+12%
|
259
+5%
|
248
-4%
|
308
+24%
|
305
-1%
|
249
-18%
|
245
-2%
|
138
-44%
|
108
-22%
|
12
-89%
|
(31)
N/A
|
24
N/A
|
(50)
N/A
|
(21)
+57%
|
(41)
-96%
|
(130)
-213%
|
(75)
+42%
|
11
N/A
|
41
+277%
|
160
+294%
|
163
+2%
|
152
-7%
|
169
+11%
|
166
-2%
|
169
+2%
|
181
+7%
|
168
-7%
|
180
+7%
|
184
+2%
|
187
+2%
|
181
-3%
|
186
+3%
|
198
+7%
|
212
+7%
|
226
+7%
|
177
-22%
|
218
+24%
|
212
-3%
|
208
-2%
|
177
-15%
|
169
-5%
|
157
-7%
|
145
-8%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(244)
|
(252)
|
(259)
|
(262)
|
(257)
|
(257)
|
(260)
|
(257)
|
(226)
|
(223)
|
(216)
|
(206)
|
(229)
|
(231)
|
(225)
|
(225)
|
(227)
|
(207)
|
(196)
|
(180)
|
(154)
|
(150)
|
(143)
|
(143)
|
(146)
|
(148)
|
(147)
|
(148)
|
(157)
|
(159)
|
(171)
|
(173)
|
(182)
|
(192)
|
(199)
|
(204)
|
(157)
|
(192)
|
(190)
|
(179)
|
(147)
|
(128)
|
(111)
|
(107)
|
|
| Selling, General & Administrative |
(225)
|
(233)
|
(240)
|
(244)
|
(240)
|
(242)
|
(246)
|
(244)
|
(217)
|
(215)
|
(209)
|
(199)
|
(221)
|
(224)
|
(219)
|
(221)
|
(223)
|
(203)
|
(193)
|
(177)
|
(151)
|
(146)
|
(138)
|
(137)
|
(140)
|
(143)
|
(141)
|
(144)
|
(151)
|
(153)
|
(166)
|
(167)
|
(175)
|
(188)
|
(195)
|
(200)
|
(148)
|
(184)
|
(182)
|
(170)
|
(139)
|
(123)
|
(106)
|
(103)
|
|
| Research & Development |
(19)
|
(19)
|
(19)
|
(18)
|
(17)
|
(15)
|
(14)
|
(12)
|
(9)
|
(8)
|
(7)
|
(7)
|
(8)
|
(7)
|
(6)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(4)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(7)
|
(8)
|
(8)
|
(9)
|
(6)
|
(5)
|
(5)
|
(4)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(25)
N/A
|
(7)
+74%
|
(0)
+98%
|
(14)
-14 100%
|
52
N/A
|
48
-8%
|
(11)
N/A
|
(12)
-5%
|
(88)
-649%
|
(115)
-32%
|
(204)
-77%
|
(236)
-16%
|
(205)
+13%
|
(280)
-37%
|
(246)
+12%
|
(266)
-8%
|
(357)
-34%
|
(281)
+21%
|
(185)
+34%
|
(139)
+25%
|
6
N/A
|
14
+116%
|
9
-35%
|
26
+190%
|
20
-22%
|
21
+4%
|
34
+63%
|
21
-38%
|
23
+11%
|
24
+6%
|
16
-33%
|
7
-55%
|
3
-55%
|
7
+97%
|
13
+98%
|
22
+69%
|
19
-11%
|
27
+38%
|
22
-19%
|
16
-27%
|
30
+88%
|
27
-8%
|
33
+20%
|
38
+16%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
10
|
6
|
7
|
4
|
(1)
|
4
|
3
|
6
|
12
|
11
|
(9)
|
(26)
|
(40)
|
(62)
|
(75)
|
(77)
|
(90)
|
(88)
|
(73)
|
(114)
|
(111)
|
(121)
|
(112)
|
(43)
|
(0)
|
16
|
18
|
(5)
|
(43)
|
(36)
|
(45)
|
(48)
|
(45)
|
(50)
|
(45)
|
(49)
|
(44)
|
(52)
|
(54)
|
(44)
|
(45)
|
(42)
|
(40)
|
(40)
|
|
| Non-Reccuring Items |
(22)
|
(23)
|
(28)
|
(28)
|
(30)
|
(30)
|
(48)
|
(47)
|
(39)
|
(38)
|
(8)
|
(96)
|
(102)
|
(109)
|
(199)
|
(72)
|
(68)
|
(81)
|
(2)
|
(46)
|
(43)
|
(29)
|
(26)
|
(26)
|
(28)
|
(24)
|
(17)
|
(3)
|
3
|
1
|
6
|
(11)
|
(8)
|
(2)
|
(6)
|
1
|
(3)
|
(14)
|
25
|
26
|
(12)
|
0
|
(38)
|
(36)
|
|
| Total Other Income |
1
|
(2)
|
(3)
|
(4)
|
(1)
|
(1)
|
(1)
|
(2)
|
(5)
|
(3)
|
3
|
10
|
29
|
32
|
34
|
40
|
(42)
|
(46)
|
(50)
|
(58)
|
23
|
27
|
29
|
33
|
5
|
6
|
7
|
9
|
47
|
46
|
46
|
45
|
34
|
26
|
19
|
11
|
(39)
|
(38)
|
(37)
|
(38)
|
(33)
|
(34)
|
(35)
|
(36)
|
|
| Pre-Tax Income |
(37)
N/A
|
(26)
+30%
|
(24)
+6%
|
(42)
-72%
|
20
N/A
|
20
+1%
|
(57)
N/A
|
(55)
+4%
|
(120)
-119%
|
(145)
-22%
|
(218)
-50%
|
(349)
-60%
|
(318)
+9%
|
(419)
-32%
|
(485)
-16%
|
(375)
+23%
|
(556)
-48%
|
(495)
+11%
|
(310)
+37%
|
(356)
-15%
|
(124)
+65%
|
(109)
+12%
|
(100)
+8%
|
(10)
+90%
|
(4)
+62%
|
18
N/A
|
42
+134%
|
22
-48%
|
29
+35%
|
34
+17%
|
23
-32%
|
(6)
N/A
|
(16)
-150%
|
(20)
-30%
|
(19)
+5%
|
(16)
+16%
|
(66)
-315%
|
(78)
-18%
|
(45)
+42%
|
(41)
+9%
|
(61)
-49%
|
(49)
+19%
|
(81)
-66%
|
(74)
+9%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
25
|
18
|
19
|
30
|
(4)
|
(5)
|
5
|
6
|
(3)
|
7
|
(6)
|
1
|
(1)
|
(12)
|
(6)
|
(106)
|
(102)
|
(96)
|
(100)
|
(6)
|
(5)
|
(4)
|
(3)
|
(1)
|
(8)
|
(12)
|
(14)
|
(15)
|
2
|
4
|
9
|
4
|
(11)
|
(10)
|
(14)
|
(8)
|
(10)
|
(9)
|
(12)
|
(12)
|
(12)
|
(13)
|
(12)
|
(13)
|
|
| Income from Continuing Operations |
(12)
|
(8)
|
(5)
|
(12)
|
17
|
16
|
(52)
|
(49)
|
(122)
|
(138)
|
(224)
|
(347)
|
(319)
|
(430)
|
(491)
|
(481)
|
(658)
|
(591)
|
(410)
|
(363)
|
(130)
|
(113)
|
(103)
|
(12)
|
(12)
|
6
|
27
|
6
|
32
|
38
|
32
|
(2)
|
(27)
|
(30)
|
(32)
|
(24)
|
(76)
|
(87)
|
(57)
|
(53)
|
(73)
|
(61)
|
(93)
|
(87)
|
|
| Income to Minority Interest |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
7
|
7
|
7
|
7
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
0
|
3
|
4
|
3
|
3
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
|
| Net Income (Common) |
(27)
N/A
|
(25)
+6%
|
(24)
+2%
|
(24)
+2%
|
19
N/A
|
17
-11%
|
(52)
N/A
|
(49)
+5%
|
(116)
-134%
|
(133)
-15%
|
(221)
-66%
|
(344)
-56%
|
(380)
-10%
|
(493)
-30%
|
(608)
-23%
|
(599)
+1%
|
(725)
-21%
|
(655)
+10%
|
(417)
+36%
|
(368)
+12%
|
(122)
+67%
|
(104)
+15%
|
(94)
+9%
|
(3)
+97%
|
(10)
-312%
|
6
N/A
|
25
+342%
|
1
-98%
|
22
+4 260%
|
25
+16%
|
18
-30%
|
(14)
N/A
|
(38)
-171%
|
(42)
-11%
|
(45)
-6%
|
(144)
-223%
|
(212)
-48%
|
(216)
-2%
|
(186)
+14%
|
(74)
+60%
|
(75)
0%
|
(80)
-7%
|
(164)
-105%
|
(124)
+25%
|
|
| EPS (Diluted) |
-4.9
N/A
|
-4.62
+6%
|
-4.51
+2%
|
-4.4
+2%
|
3.53
N/A
|
3.26
-8%
|
-10.19
N/A
|
-9.86
+3%
|
-23.11
-134%
|
-27.18
-18%
|
-45.04
-66%
|
-74.76
-66%
|
-80.8
-8%
|
-112.09
-39%
|
-48.64
+57%
|
-35.46
+27%
|
-57.11
-61%
|
-38.73
+32%
|
-22.63
+42%
|
-8.99
+60%
|
-3.89
+57%
|
-2.23
+43%
|
-2
+10%
|
-0.04
+98%
|
-0.21
-425%
|
0.07
N/A
|
0.28
+300%
|
0
N/A
|
0.26
N/A
|
0.27
+4%
|
0.18
-33%
|
-0.17
N/A
|
-0.43
-153%
|
-0.47
-9%
|
-0.5
-6%
|
-1.61
-222%
|
-2.38
-48%
|
-2.41
-1%
|
-2.04
+15%
|
-0.8
+61%
|
-0.81
-1%
|
-0.81
N/A
|
-1.66
-105%
|
-1.19
+28%
|
|