10-Q Filing

CENTRUS ENERGY CORP CIK: 1065059 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001065059-17-000022`
Period End Date	20170331
Filing Date	20170510
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	leu-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 48 Cash Flow Statement 48 Stockholders Equity 15 Comprehensive Income 12

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$234.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.70M	USD	Point-in-time
Preferred Stock, Par Value Per Share	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred Stock, Par Value Per Share	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$151.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$260.70M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.80M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Inventories	`InventoryNet`	$177.40M	USD	Point-in-time
Inventories	`InventoryNet`	$143.60M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$89.00M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$89.30M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	104,574.00	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.70M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$560.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$404.80M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$6.00M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$5.60M	USD	Point-in-time
Deposits for surety bonds	`DepositsAssetsNoncurrent`	$29.60M	USD	Point-in-time
Deposits for surety bonds	`DepositsAssetsNoncurrent`	$29.50M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$93.30M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$92.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$24.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$15.50M	USD	Point-in-time
Total Assets	`Assets`	$713.50M	USD	Point-in-time
Total Assets	`Assets`	$547.60M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$46.80M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$46.40M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$100.00K	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$59.60M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$57.50M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$22.80M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$123.30M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$123.60M	USD	Point-in-time
Decontamination and decommissioning obligations - current	`AssetRetirementObligationCurrent`	$38.60M	USD	Point-in-time
Decontamination and decommissioning obligations - current	`AssetRetirementObligationCurrent`	$34.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$325.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$227.90M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$159.80M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$234.10M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$171.30M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$169.40M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$178.60M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$179.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$35.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$38.60M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$771.50M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$949.60M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Excess of capital over par value	`AdditionalPaidInCapital`	$59.50M	USD	Point-in-time
Excess of capital over par value	`AdditionalPaidInCapital`	$59.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-289.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-296.70M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$100.00K	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$200.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-236.10M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-180.20M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-223.90M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-165.70M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$713.50M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$547.60M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Contract services	`ContractsRevenue`	$6.40M	USD	1 Quarter
Contract services	`ContractsRevenue`	$16.40M	USD	1 Quarter
Total Revenue	`Revenues`	$90.00M	USD	1 Quarter
Total Revenue	`Revenues`	$7.20M	USD	1 Quarter
Separative work units and uranium	`CostOfGoodsSold`	$2.30M	USD	1 Quarter
Separative work units and uranium	`CostOfGoodsSold`	$65.50M	USD	1 Quarter
Contract services	`ContractRevenueCost`	$8.70M	USD	1 Quarter
Contract services	`ContractRevenueCost`	$7.40M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$74.20M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$9.70M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-2.50M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$15.80M	USD	1 Quarter
Advanced technology license and decommissioning costs	`ResearchAndDevelopmentExpense`	$12.00M	USD	1 Quarter
Advanced technology license and decommissioning costs	`ResearchAndDevelopmentExpense`	$6.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.40M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.40M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.20M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.20M	USD	1 Quarter
Special charges for workforce reductions	`RestructuringCharges`	$2.40M	USD	1 Quarter
Special charges for workforce reductions	`RestructuringCharges`	-	USD	1 Quarter
Other (income)	`OtherOperatingIncome`	$300.00K	USD	1 Quarter
Other (income)	`OtherOperatingIncome`	$1.00M	USD	1 Quarter
Operating (loss)	`OperatingIncomeLoss`	$-23.60M	USD	1 Quarter
Operating (loss)	`OperatingIncomeLoss`	$-10.50M	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$33.60M	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$2.90M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$5.00M	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	$300.00K	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	$300.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-15.20M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.40M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-600.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-200.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.60M	USD	1 Quarter
Preferred stock dividends, undeclared and cumulative	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Preferred stock dividends, undeclared and cumulative	`PreferredStockDividendsIncomeStatementImpact`	$1.00M	USD	1 Quarter
Net income (loss) allocable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.60M	USD	1 Quarter
Net income (loss) allocable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$6.60M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-1.60	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-1.60	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.06M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.06M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.06M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.17M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$7.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.40M	USD	1 Quarter
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	$800.00K	USD	1 Quarter
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	$3.40M	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$33.60M	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$1.00M	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`	$-23.00M	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$29.40M	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$900.00K	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$-48.50M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-61.00M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-59.50M	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`	-	USD	1 Quarter
Accounts payable and other liabilities (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.40M	USD	1 Quarter
Accounts payable and other liabilities (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.80M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.40M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	-	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-54.90M	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-82.00M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$600.00K	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$600.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$600.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$600.00K	USD	1 Quarter
Repurchase of debt	`RepaymentsOfDebt`	$27.60M	USD	1 Quarter
Repurchase of debt	`RepaymentsOfDebt`	-	USD	1 Quarter
Net Cash (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Cash (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.60M	USD	1 Quarter
Net (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.30M	USD	1 Quarter
Net (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-109.00M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$234.00M	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`	$151.70M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$260.70M	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`	$179.70M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$151.70M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$260.70M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$400.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$3.10M	USD	1 Quarter
Conversion of interest payable-in-kind to long-term debt	`NotesIssued1`	$800.00K	USD	1 Quarter
Conversion of interest payable-in-kind to long-term debt	`NotesIssued1`	$3.40M	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-236.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-180.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-223.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-165.70M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$7.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Stock issued during period	`StockIssuedDuringPeriodValueNewIssues`	$4.60M	USD	1 Quarter
Other comprehensive income, net of tax (Note 13)	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-100.00K	USD	1 Quarter
Other comprehensive income, net of tax (Note 13)	`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`	$-236.10M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-180.20M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-223.90M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-165.70M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$7.60M	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`	$7.50M	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.