10-Q Filing

CENTRUS ENERGY CORP CIK: 1065059 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001065059-19-000016`
Period End Date	20190331
Filing Date	20190509
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	leu-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 40 Cash Flow Statement 48 Stockholders Equity 13

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.90M	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`	$123.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$60.20M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$39.50M	USD	Point-in-time
Inventories	`InventoryNet`	$75.10M	USD	Point-in-time
Inventories	`InventoryNet`	$129.70M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$134.90M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$134.90M	USD	Point-in-time
Deposits for financial assurance	`DepositsAssetsCurrent`	$30.50M	USD	Point-in-time
Deposits for financial assurance	`DepositsAssetsCurrent`	$30.30M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.30M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$374.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$484.50M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.10M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.20M	USD	Point-in-time
Deposits for surety bonds	`DepositsAssetsNoncurrent`	$6.30M	USD	Point-in-time
Accumulated Depreciation, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.60M	USD	Point-in-time
Accumulated Depreciation, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.80M	USD	Point-in-time
Deposits for surety bonds	`DepositsAssetsNoncurrent`	$6.30M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$74.90M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$76.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$700.00K	USD	Point-in-time
Total Assets	`Assets`	$464.70M	USD	Point-in-time
Total Assets	`Assets`	$571.70M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$54.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.40M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$46.00M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	-	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$103.00M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$64.20M	USD	Point-in-time
Deferred revenue and advances from customers	`DeferredRevenueAndCreditsCurrent`	$204.50M	USD	Point-in-time
Deferred revenue and advances from customers	`DeferredRevenueAndCreditsCurrent`	$204.50M	USD	Point-in-time
Current debt	`DebtCurrent`	$32.80M	USD	Point-in-time
Current debt	`DebtCurrent`	$33.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$438.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$357.20M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$117.10M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$120.20M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$136.20M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$134.50M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$166.40M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$168.90M	USD	Point-in-time
Advances from customers	`DeferredRevenueNoncurrent`	$15.00M	USD	Point-in-time
Advances from customers	`DeferredRevenueNoncurrent`	$15.00M	USD	Point-in-time
Advances from customers	`DeferredRevenueNoncurrent`	$14.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.20M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$893.60M	USD	Point-in-time
Total liabilities	`LiabilitiesNoncurrent`	$807.40M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Excess of capital over par value	`AdditionalPaidInCapital`	$61.20M	USD	Point-in-time
Excess of capital over par value	`AdditionalPaidInCapital`	$61.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-388.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-409.40M	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`	$-100.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-321.90M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-218.90M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-243.70M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-342.70M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$464.70M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$571.70M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$38.70M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$35.70M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$41.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$44.20M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-5.60M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-5.50M	USD	1 Quarter
Advanced technology license and decommissioning costs	`ResearchAndDevelopmentExpense`	$7.70M	USD	1 Quarter
Advanced technology license and decommissioning costs	`ResearchAndDevelopmentExpense`	$6.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.20M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.30M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.10M	USD	1 Quarter
Special charges for workforce reductions and advisory costs	`RestructuringCharges`	$-100.00K	USD	1 Quarter
Special charges for workforce reductions and advisory costs	`RestructuringCharges`	$600.00K	USD	1 Quarter
Other (income)	`OtherOperatingIncome`	$400.00K	USD	1 Quarter
Other (income)	`OtherOperatingIncome`	$100.00K	USD	1 Quarter
Operating (loss)	`OperatingIncomeLoss`	$-26.30M	USD	1 Quarter
Operating (loss)	`OperatingIncomeLoss`	$-20.80M	USD	1 Quarter
Nonoperating components of net periodic benefit expense (income)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-100.00K	USD	1 Quarter
Nonoperating components of net periodic benefit expense (income)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-1.60M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$1.00M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$1.00M	USD	1 Quarter
Investment income	`InvestmentIncomeInterest`	$700.00K	USD	1 Quarter
Investment income	`InvestmentIncomeInterest`	$600.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-21.00M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.10M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-100.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-100.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.90M	USD	1 Quarter
Preferred stock dividends, undeclared and cumulative	`PreferredStockDividendsIncomeStatementImpact`	$2.00M	USD	1 Quarter
Preferred stock dividends, undeclared and cumulative	`PreferredStockDividendsIncomeStatementImpact`	$2.00M	USD	1 Quarter
Net income (loss) allocable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-27.00M	USD	1 Quarter
Net income (loss) allocable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-22.90M	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.40	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.97	USD	1 Quarter
Average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.10M	shares	1 Quarter
Average number of common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.53M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.10M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.53M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-20.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.60M	USD	1 Quarter
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	$400.00K	USD	1 Quarter
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	$400.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$400.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$100.00K	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$-45.20M	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$-11.20M	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$-5.00M	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$-25.60M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-46.00M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-55.90M	USD	1 Quarter
Deferred revenue, net of deferred costs increase (decrease)	`IncreaseDecreaseinDeferredRevenueNetofDeferredCosts`	$-18.90M	USD	1 Quarter
Deferred revenue, net of deferred costs increase (decrease)	`IncreaseDecreaseinDeferredRevenueNetofDeferredCosts`	-	USD	1 Quarter
Accounts payable and other liabilities increase (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.00M	USD	1 Quarter
Accounts payable and other liabilities increase (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.20M	USD	1 Quarter
Pension and postretirement liabilities - increase (decrease)	`IncreaseDecreaseInPensionPlanObligations`	$-4.20M	USD	1 Quarter
Pension and postretirement liabilities - increase (decrease)	`IncreaseDecreaseInPensionPlanObligations`	$-3.40M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-800.00K	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$100.00K	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.30M	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.90M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$100.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Payment of interest classified as debt	`RepaymentsOfDebt`	$3.00M	USD	1 Quarter
Payment of interest classified as debt	`RepaymentsOfDebt`	$3.10M	USD	1 Quarter
Net Cash (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.10M	USD	1 Quarter
Net Cash (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.00M	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-55.30M	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-35.00M	USD	1 Quarter
Cash, cash equivalents and restricted cash, start of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, start of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash, start of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$159.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash, start of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$244.80M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$124.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$159.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$244.80M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$400.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	$400.00K	USD	1 Quarter
Conversion of interest payable-in-kind to long-term debt	`NotesIssued1`	$700.00K	USD	1 Quarter
Conversion of interest payable-in-kind to long-term debt	`NotesIssued1`	$900.00K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-321.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-218.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-243.70M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-342.70M	USD	Point-in-time
Adoption of ASC 606 as of January 1, 2018 (Note 1)	`ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress`	$100.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.00M	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`	$100.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$-321.90M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-218.90M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-243.70M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-342.70M	USD	Point-in-time

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