10-Q Filing

CENTRUS ENERGY CORP CIK: 1065059 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001065059-20-000009`
Period End Date	20200331
Filing Date	20200512
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	leu-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 44 Cash Flow Statement 45 Stockholders Equity 12

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$130.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.50M	USD	Point-in-time
Inventories	`InventoryNet`	$67.90M	USD	Point-in-time
Inventories	`InventoryNet`	$64.50M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$144.10M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$144.10M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.20M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$346.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$369.60M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$3.70M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$3.60M	USD	Point-in-time
Accumulated Depreciation, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.30M	USD	Point-in-time
Accumulated Depreciation, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.20M	USD	Point-in-time
Deposits for surety bonds	`DepositsAssetsNoncurrent`	$5.70M	USD	Point-in-time
Deposits for surety bonds	`DepositsAssetsNoncurrent`	$5.70M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$68.10M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$69.50M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$6.90M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$7.40M	USD	Point-in-time
Total Assets	`Assets`	$455.90M	USD	Point-in-time
Total Assets	`Assets`	$430.80M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$50.70M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$50.70M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$8.10M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$6.10M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$7.40M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$5.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$266.30M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$243.00M	USD	Point-in-time
Current debt	`DebtCurrent`	$6.10M	USD	Point-in-time
Current debt	`DebtCurrent`	$6.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$313.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$336.80M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$114.10M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$111.00M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$138.60M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$134.70M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$141.80M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$137.20M	USD	Point-in-time
Advances from customer, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$29.40M	USD	Point-in-time
Advances from customer, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$29.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$32.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$30.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$792.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$756.20M	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`	$61.50M	USD	Point-in-time
Excess of capital over par value	`AdditionalPaidInCapital`	$61.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-405.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-393.70M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.00M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.10M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-325.40M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-336.90M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-321.90M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-342.70M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$430.80M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$455.90M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue from Contract with Customer, Excluding Assessed Tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.70M	USD	1 Quarter
Revenue from Contract with Customer, Excluding Assessed Tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.00M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$38.70M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$45.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$44.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$25.40M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$19.60M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-5.50M	USD	1 Quarter
Advanced technology license and decommissioning costs	`ResearchAndDevelopmentExpense`	$900.00K	USD	1 Quarter
Advanced technology license and decommissioning costs	`ResearchAndDevelopmentExpense`	$6.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.50M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.40M	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`	$-100.00K	USD	1 Quarter
Other (income)	`OtherOperatingIncome`	$400.00K	USD	1 Quarter
Other (income)	`OtherOperatingIncome`	-	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$8.90M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-20.80M	USD	1 Quarter
Nonoperating components of net periodic benefit expense (income)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-2.20M	USD	1 Quarter
Nonoperating components of net periodic benefit expense (income)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-100.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$100.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$1.00M	USD	1 Quarter
Investment income	`InvestmentIncomeInterest`	$400.00K	USD	1 Quarter
Investment income	`InvestmentIncomeInterest`	$700.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.40M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-21.00M	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`	$11.30M	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`	$9.30M	USD	1 Quarter
Net income (loss) allocable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-22.90M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-2.40	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-2.40	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.95	USD	1 Quarter
Average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.53M	shares	1 Quarter
Average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.62M	shares	1 Quarter
Average number of shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.53M	shares	1 Quarter
Average number of shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.84M	shares	1 Quarter

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-20.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.50M	USD	1 Quarter
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	$400.00K	USD	1 Quarter
Interest on paid-in-kind toggle notes	`PaidInKindInterest`	-	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$400.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	-	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$-3.60M	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$-11.20M	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$-100.00K	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$-25.60M	USD	1 Quarter
Accounts payable and other liabilities increase (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.20M	USD	1 Quarter
Accounts payable and other liabilities increase (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.30M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-1.90M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-46.00M	USD	1 Quarter
Deferred revenue, net of deferred costs increase (decrease)	`IncreaseDecreaseinDeferredRevenueNetofDeferredCosts`	-	USD	1 Quarter
Deferred revenue, net of deferred costs increase (decrease)	`IncreaseDecreaseinDeferredRevenueNetofDeferredCosts`	$-23.30M	USD	1 Quarter
Accrued loss on long-term contract, increase (decrease)	`Accruedlossonlongtermcontractincreasedecrease`	$-3.50M	USD	1 Quarter
Pension and postretirement liabilities - increase (decrease)	`IncreaseDecreaseInPensionPlanObligations`	$-4.20M	USD	1 Quarter
Pension and postretirement liabilities - increase (decrease)	`IncreaseDecreaseInPensionPlanObligations`	$-8.60M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$100.00K	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.50M	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.90M	USD	1 Quarter
Payment of interest classified as debt	`RepaymentsOfDebt`	$3.10M	USD	1 Quarter
Payment of interest classified as debt	`RepaymentsOfDebt`	$3.10M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$200.00K	USD	1 Quarter
Payments for deferred financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$100.00K	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`	$-21.50M	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`	$115.10M	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`	$136.60M	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.60M	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`	$115.10M	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	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`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-325.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-336.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-321.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-342.70M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-20.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$11.30M	USD	1 Quarter
Restricted and other common stock issued, net of amortization	`StockIssuedDuringPeriodValueShareBasedCompensation`	$200.00K	USD	1 Quarter
Restricted and other common stock issued, net of amortization	`StockIssuedDuringPeriodValueShareBasedCompensation`	$100.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$-325.40M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-336.90M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-321.90M	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.