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10-Q Filing

CENTRUS ENERGY CORP CIK: 1065059 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001065059-14-000028
Period End Date 20140331
Filing Date 20140515
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance usu-20140331.xml
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $71.90M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $85.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $292.90M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $314.20M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $38.00M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $163.00M USD Point-in-time
Inventories InventoryNet $571.70M USD Point-in-time
Inventories InventoryNet $967.60M USD Point-in-time
Deferred costs associated with deferred revenue OtherDeferredCostsNet $80.90M USD Point-in-time
Deferred costs associated with deferred revenue OtherDeferredCostsNet $165.50M USD Point-in-time
Other current assets PrepaidExpenseAndOtherAssetsCurrent $21.70M USD Point-in-time
Other current assets PrepaidExpenseAndOtherAssetsCurrent $20.00M USD Point-in-time
Total current assets AssetsCurrent $795.70M USD Point-in-time
Total current assets AssetsCurrent $1.63B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $7.90M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $5.20M USD Point-in-time
Deposits for surety bonds DepositsAssetsNoncurrent $39.80M USD Point-in-time
Deposits for surety bonds DepositsAssetsNoncurrent $39.20M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $25.80M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $25.80M USD Point-in-time
Total Assets Assets $1.71B USD Point-in-time
Total Assets Assets $865.90M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $114.50M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $94.30M USD Point-in-time
Payables under Russian Contract AccountsPayableCurrent $340.70M USD Point-in-time
Payables under Russian Contract AccountsPayableCurrent - USD Point-in-time
Inventories owed to customers and suppliers InventoriesOwedToCustomersAndSuppliers $157.40M USD Point-in-time
Inventories owed to customers and suppliers InventoriesOwedToCustomersAndSuppliers $499.70M USD Point-in-time
Deferred revenue DeferredRevenueAndCreditsCurrent $195.90M USD Point-in-time
Deferred revenue DeferredRevenueAndCreditsCurrent $105.60M USD Point-in-time
Convertible senior notes ShortTermBankLoansAndNotesPayable $530.00M USD Point-in-time
Convertible senior notes ShortTermBankLoansAndNotesPayable $530.00M USD Point-in-time
Convertible preferred stock OtherLongTermDebtCurrent $113.90M USD Point-in-time
Convertible preferred stock OtherLongTermDebtCurrent $113.90M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.79B USD Point-in-time
Total current liabilities LiabilitiesCurrent $357.30M USD Point-in-time
Postretirement health and life benefit obligations OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $198.00M USD Point-in-time
Postretirement health and life benefit obligations OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent $195.00M USD Point-in-time
Pension benefit liabilities DefinedBenefitPensionPlanLiabilitiesNoncurrent $113.80M USD Point-in-time
Pension benefit liabilities DefinedBenefitPensionPlanLiabilitiesNoncurrent $121.20M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $51.70M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $52.80M USD Point-in-time
Liabilities subject to compromise LiabilitiesSubjectToCompromise - USD Point-in-time
Liabilities subject to compromise LiabilitiesSubjectToCompromise $653.60M USD Point-in-time
Total Liabilities LiabilitiesNoncurrent $2.16B USD Point-in-time
Total Liabilities LiabilitiesNoncurrent $1.37B USD Point-in-time
Commitments and Contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Stockholders Equity (Deficit) StockholdersEquity $-469.60M USD Point-in-time
Stockholders Equity (Deficit) StockholdersEquity $-472.90M USD Point-in-time
Stockholders Equity (Deficit) StockholdersEquity $-458.20M USD Point-in-time
Stockholders Equity (Deficit) StockholdersEquity $-508.50M USD Point-in-time
Total Liabilities and Stockholders Equity (Deficit) LiabilitiesAndStockholdersEquity $1.71B USD Point-in-time
Total Liabilities and Stockholders Equity (Deficit) LiabilitiesAndStockholdersEquity $865.90M USD Point-in-time
Income Statement 49 line items
Line Item Tag Value Unit Period
Separative work units SeparativeWorkUnits $290.20M USD 1 Quarter
Separative work units SeparativeWorkUnits $145.60M USD 1 Quarter
Uranium Uranium - USD 1 Quarter
Uranium Uranium $27.60M USD 1 Quarter
Contract services ContractsRevenue $2.60M USD 1 Quarter
Contract services ContractsRevenue $3.00M USD 1 Quarter
Total revenue Revenues $320.40M USD 1 Quarter
Total revenue Revenues $148.60M USD 1 Quarter
Separative work units and uranium CostOfGoodsSold $303.80M USD 1 Quarter
Separative work units and uranium CostOfGoodsSold $165.30M USD 1 Quarter
Contract services ContractRevenueCost $4.20M USD 1 Quarter
Contract services ContractRevenueCost $3.30M USD 1 Quarter
Total cost of sales CostOfRevenue $169.50M USD 1 Quarter
Total cost of sales CostOfRevenue $307.10M USD 1 Quarter
Gross profit (loss) GrossProfit $-20.90M USD 1 Quarter
Gross profit (loss) GrossProfit $13.30M USD 1 Quarter
Advanced technology costs ResearchAndDevelopmentExpense $59.30M USD 1 Quarter
Advanced technology costs ResearchAndDevelopmentExpense $33.30M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $11.70M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $12.90M USD 1 Quarter
Special charges (credit) for workforce reductions and advisory costs RestructuringCharges $2.40M USD 1 Quarter
Special charges (credit) for workforce reductions and advisory costs RestructuringCharges $57.20M USD Annual
Special charges (credit) for workforce reductions and advisory costs RestructuringCharges $-500.00K USD 1 Quarter
Other (income) OtherOperatingIncome $26.20M USD 1 Quarter
Other (income) OtherOperatingIncome $47.60M USD 1 Quarter
Operating (loss) OperatingIncomeLoss $-13.70M USD 1 Quarter
Operating (loss) OperatingIncomeLoss $-39.20M USD 1 Quarter
Interest expense InterestExpenseDebt $4.60M USD 1 Quarter
Interest expense InterestExpenseDebt $13.30M USD 1 Quarter
Interest (income) InvestmentIncomeInterest $300.00K USD 1 Quarter
Interest (income) InvestmentIncomeInterest $400.00K USD 1 Quarter
Reorganization items, net ReorganizationItems - USD 1 Quarter
Reorganization items, net ReorganizationItems $8.40M USD 1 Quarter
(Loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-51.80M USD 1 Quarter
(Loss) from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-26.70M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-3.00M USD 1 Quarter
Provision (benefit) for income taxes IncomeTaxExpenseBenefit $-1.00M USD 1 Quarter
Net (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-50.80M USD 1 Quarter
Net (loss) from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-23.70M USD 1 Quarter
Net income from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $21.70M USD 1 Quarter
Net income from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Net (loss) NetIncomeLoss $-2.00M USD 1 Quarter
Net (loss) NetIncomeLoss $-50.80M USD 1 Quarter
Net (loss) from continuing operations per share basic and diluted IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-4.84 USD 1 Quarter
Net (loss) from continuing operations per share basic and diluted IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-10.37 USD 1 Quarter
Net (loss) per share basic and diluted EarningsPerShareBasicAndDiluted $-0.41 USD 1 Quarter
Net (loss) per share basic and diluted EarningsPerShareBasicAndDiluted $-10.37 USD 1 Quarter
Weighted-average number of shares outstanding basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 4.90 shares 1 Quarter
Weighted-average number of shares outstanding basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 4.90 shares 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net (loss) NetIncomeLoss $-2.00M USD 1 Quarter
Net (loss) NetIncomeLoss $-50.80M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.80M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $9.40M USD 1 Quarter
Reorganization items, non-cash OtherNoncashExpense $1.60M USD 1 Quarter
Reorganization items, non-cash OtherNoncashExpense - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-2.60M USD 1 Quarter
Convertible preferred stock dividends payable-in-kind OtherNoncashIncomeExpense - USD 1 Quarter
Convertible preferred stock dividends payable-in-kind OtherNoncashIncomeExpense $-3.20M USD 1 Quarter
Gain on sale of subsidiary GainLossOnSaleOfBusiness $35.60M USD 1 Quarter
Gain on sale of subsidiary GainLossOnSaleOfBusiness - USD 1 Quarter
Accounts receivable (increase) decrease IncreaseDecreaseInAccountsReceivable $15.10M USD 1 Quarter
Accounts receivable (increase) decrease IncreaseDecreaseInAccountsReceivable $-125.00M USD 1 Quarter
Inventories, net decrease IncreaseDecreaseInInventories $-57.10M USD 1 Quarter
Inventories, net decrease IncreaseDecreaseInInventories $-53.60M USD 1 Quarter
Payables under Russian Contract (decrease) IncreaseDecreaseInAccountsPayableTrade $-209.80M USD 1 Quarter
Payables under Russian Contract (decrease) IncreaseDecreaseInAccountsPayableTrade $-340.70M USD 1 Quarter
Deferred revenue, net of deferred costs increase (decrease) IncreaseDecreaseInDeferredRevenue $-5.70M USD 1 Quarter
Deferred revenue, net of deferred costs increase (decrease) IncreaseDecreaseInDeferredRevenue $41.90M USD 1 Quarter
Accounts payable and other liabilities (decrease) IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-16.30M USD 1 Quarter
Accounts payable and other liabilities (decrease) IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-3.40M USD 1 Quarter
Restricted cash - (increase) IncreaseDecreaseInRestrictedCashAndInvestments $15.10M USD 1 Quarter
Restricted cash - (increase) IncreaseDecreaseInRestrictedCashAndInvestments - USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-800.00K USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $3.30M USD 1 Quarter
Net Cash (Used in) Operating Activities NetCashProvidedByUsedInOperatingActivities $-229.70M USD 1 Quarter
Net Cash (Used in) Operating Activities NetCashProvidedByUsedInOperatingActivities $-175.30M USD 1 Quarter
Deposits for surety bonds - net (increase) decrease IncreaseDecreaseInRestrictedCash $-600.00K USD 1 Quarter
Deposits for surety bonds - net (increase) decrease IncreaseDecreaseInRestrictedCash $300.00K USD 1 Quarter
Proceeds from sale of subsidiary ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Proceeds from sale of subsidiary ProceedsFromDivestitureOfBusinesses $39.90M USD 1 Quarter
Net Cash Provided by Investing Activities NetCashProvidedByUsedInInvestingActivities $600.00K USD 1 Quarter
Net Cash Provided by Investing Activities NetCashProvidedByUsedInInvestingActivities $39.60M USD 1 Quarter
Repayment of credit facility term loan RepaymentsOfDebtMaturingInMoreThanThreeMonths - USD 1 Quarter
Repayment of credit facility term loan RepaymentsOfDebtMaturingInMoreThanThreeMonths $83.20M USD 1 Quarter
Payments for deferred financing costs PaymentsOfFinancingCosts - USD 1 Quarter
Payments for deferred financing costs PaymentsOfFinancingCosts $2.00M USD 1 Quarter
Common stock issued (purchased), net ProceedsFromRepurchaseOfEquity $-100.00K USD 1 Quarter
Common stock issued (purchased), net ProceedsFromRepurchaseOfEquity - USD 1 Quarter
Net Cash (Used in) Financing Activities NetCashProvidedByUsedInFinancingActivities $-85.30M USD 1 Quarter
Net Cash (Used in) Financing Activities NetCashProvidedByUsedInFinancingActivities - USD 1 Quarter
Net (Decrease) CashAndCashEquivalentsPeriodIncreaseDecrease $-229.10M USD 1 Quarter
Net (Decrease) CashAndCashEquivalentsPeriodIncreaseDecrease $-221.00M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $71.90M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $85.10M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $292.90M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashAndCashEquivalentsAtCarryingValue $314.20M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $71.90M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $85.10M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $292.90M USD Point-in-time
Cash and Cash Equivalents at End of Period CashAndCashEquivalentsAtCarryingValue $314.20M USD Point-in-time
Interest paid InterestPaidNet $3.20M USD 1 Quarter
Interest paid InterestPaidNet - USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaid $400.00K USD 1 Quarter
Income taxes paid, net of refunds IncomeTaxesPaid - USD 1 Quarter
Stockholders Equity 14 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $-469.60M USD Point-in-time
Beginning Balance StockholdersEquity $-472.90M USD Point-in-time
Beginning Balance StockholdersEquity $-458.20M USD Point-in-time
Beginning Balance StockholdersEquity $-508.50M USD Point-in-time
Other comprehensive income, net of tax (Note 16) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $100.00K USD 1 Quarter
Other comprehensive income, net of tax (Note 16) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $4.40M USD 1 Quarter
Restricted and other common stock issued, net of amortization StockIssuedDuringPeriodValueShareBasedCompensation $400.00K USD 1 Quarter
Restricted and other common stock issued, net of amortization StockIssuedDuringPeriodValueShareBasedCompensation $900.00K USD 1 Quarter
Net (loss) NetIncomeLoss $-2.00M USD 1 Quarter
Net (loss) NetIncomeLoss $-50.80M USD 1 Quarter
Ending Balance StockholdersEquity $-469.60M USD Point-in-time
Ending Balance StockholdersEquity $-472.90M USD Point-in-time
Ending Balance StockholdersEquity $-458.20M USD Point-in-time
Ending Balance StockholdersEquity $-508.50M USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net (loss) NetIncomeLoss $-2.00M USD 1 Quarter
Net (loss) NetIncomeLoss $-50.80M USD 1 Quarter
Amortization of actuarial (gains) losses, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-300.00K USD 1 Quarter
Amortization of actuarial (gains) losses, net OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-6.80M USD 1 Quarter
Amortization of prior service costs (credits) OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-100.00K USD 1 Quarter
Amortization of prior service costs (credits) OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-200.00K USD 1 Quarter
Other comprehensive income, before tax OtherComprehensiveIncomeLossBeforeTax $7.00M USD 1 Quarter
Other comprehensive income, before tax OtherComprehensiveIncomeLossBeforeTax $200.00K USD 1 Quarter
Income tax expense related to items of other comprehensive income OtherComprehensiveIncomeLossTax $100.00K USD 1 Quarter
Income tax expense related to items of other comprehensive income OtherComprehensiveIncomeLossTax $2.60M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $4.40M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $100.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.40M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-50.70M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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