10-Q Filing

CENTRUS ENERGY CORP CIK: 1065059 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001065059-16-000079`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	leu-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 38 Cash Flow Statement 45 Stockholders Equity 14 Comprehensive Income 12

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$234.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$225.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$218.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$26.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$55.90M	USD	Point-in-time
Inventories	`InventoryNet`	$319.20M	USD	Point-in-time
Inventories	`InventoryNet`	$211.30M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$63.10M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$72.70M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.10M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$534.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$658.00M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.90M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$3.50M	USD	Point-in-time
Deposits for surety bonds	`DepositsAssetsNoncurrent`	$29.80M	USD	Point-in-time
Deposits for surety bonds	`DepositsAssetsNoncurrent`	$29.80M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$102.50M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$105.80M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$23.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$23.00M	USD	Point-in-time
Total Assets	`Assets`	$694.90M	USD	Point-in-time
Total Assets	`Assets`	$820.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.80M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$35.80M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$24.40M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$85.40M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$106.80M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$47.90M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$83.90M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$97.70M	USD	Point-in-time
Decontamination and decommissioning obligations	`AssetRetirementObligationCurrent`	$29.40M	USD	Point-in-time
Decontamination and decommissioning obligations	`AssetRetirementObligationCurrent`	$29.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$350.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$235.20M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$253.90M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$247.00M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$184.00M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$184.30M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$172.30M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$171.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$31.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$30.50M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$875.10M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$985.80M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$6.20M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-165.70M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$21.60M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-180.20M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$694.90M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$820.10M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Contract services	`ContractsRevenue`	$21.00M	USD	1 Quarter
Contract services	`ContractsRevenue`	$16.40M	USD	1 Quarter
Total Revenue	`Revenues`	$167.80M	USD	1 Quarter
Total Revenue	`Revenues`	$90.00M	USD	1 Quarter
Separative work units and uranium	`CostOfGoodsSold`	$139.60M	USD	1 Quarter
Separative work units and uranium	`CostOfGoodsSold`	$65.50M	USD	1 Quarter
Contract services	`ContractRevenueCost`	$21.30M	USD	1 Quarter
Contract services	`ContractRevenueCost`	$8.70M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$160.90M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$74.20M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$6.90M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$15.80M	USD	1 Quarter
Advanced technology costs	`ResearchAndDevelopmentExpense`	$12.00M	USD	1 Quarter
Advanced technology costs	`ResearchAndDevelopmentExpense`	$1.80M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.40M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.20M	USD	1 Quarter
Special charges for workforce reductions	`RestructuringCharges`	-	USD	1 Quarter
Special charges for workforce reductions	`RestructuringCharges`	$600.00K	USD	1 Quarter
Other (income)	`OtherOperatingIncome`	$800.00K	USD	1 Quarter
Other (income)	`OtherOperatingIncome`	$300.00K	USD	1 Quarter
Operating (loss)	`OperatingIncomeLoss`	$-11.00M	USD	1 Quarter
Operating (loss)	`OperatingIncomeLoss`	$-10.50M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$4.90M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$5.00M	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	$300.00K	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	$200.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-15.70M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-15.20M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-300.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-600.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.60	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.71	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.10M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.00M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-15.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.60M	USD	1 Quarter
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	$3.40M	USD	1 Quarter
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	$6.80M	USD	2 Qtrs
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	$1.80M	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$800.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$300.00K	USD	1 Quarter
Inventory valuation adjustment	`OtherNoncashExpense`	$500.00K	USD	1 Quarter
Inventory valuation adjustment	`OtherNoncashExpense`	-	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$29.40M	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$-37.20M	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$-48.50M	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$-124.10M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-61.00M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-140.10M	USD	1 Quarter
Deferred revenue, net of deferred costs increase (decrease)	`IncreaseDecreaseInDeferredRevenue`	$4.20M	USD	1 Quarter
Deferred revenue, net of deferred costs increase (decrease)	`IncreaseDecreaseInDeferredRevenue`	$-1.90M	USD	1 Quarter
Accounts payable and other liabilities (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.60M	USD	1 Quarter
Accounts payable and other liabilities (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.80M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	-	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.80M	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-54.90M	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$2.30M	USD	1 Quarter
Deposits for surety bonds - net (increase) decrease	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Deposits for surety bonds - net (increase) decrease	`IncreaseDecreaseInRestrictedCash`	$-3.70M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$200.00K	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$600.00K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$600.00K	USD	1 Quarter
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$3.90M	USD	1 Quarter
Net (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.30M	USD	1 Quarter
Net (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.20M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$218.80M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$225.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$179.70M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$234.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$179.70M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$234.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$225.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$218.80M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$6.00M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$3.10M	USD	1 Quarter
Conversion of interest payable-in-kind to long-term debt	`NotesIssued1`	$3.40M	USD	1 Quarter
Conversion of interest payable-in-kind to long-term debt	`NotesIssued1`	$1.80M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$6.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-165.70M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$21.60M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-180.20M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-15.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Other comprehensive income, net of tax (Note 14)	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Other comprehensive income, net of tax (Note 14)	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Restricted and other common stock issued, net of amortization	`StockIssuedDuringPeriodValueShareBasedCompensation`	$100.00K	USD	1 Quarter
Restricted and other common stock issued, net of amortization	`StockIssuedDuringPeriodValueShareBasedCompensation`	$200.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$6.20M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-165.70M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$21.60M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-180.20M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-15.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Amortization of prior service costs (credits)	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax`	$-100.00K	USD	1 Quarter
Amortization of prior service costs (credits)	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax`	$-100.00K	USD	1 Quarter
Other comprehensive income (loss), before tax	`OtherComprehensiveIncomeLossBeforeTax`	$-100.00K	USD	1 Quarter
Other comprehensive income (loss), before tax	`OtherComprehensiveIncomeLossBeforeTax`	$-100.00K	USD	1 Quarter
Income tax expense related to items of other comprehensive income	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Income tax expense related to items of other comprehensive income	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-100.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-15.50M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-14.70M	USD	1 Quarter

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