10-Q Filing

CENTRUS ENERGY CORP CIK: 1065059 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001065059-21-000014`
Period End Date	20210331
Filing Date	20210512
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	leu-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 44 Cash Flow Statement 51 Stockholders Equity 16

Balance Sheet 68 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`	$163.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$15.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$29.60M	USD	Point-in-time
Inventories	`InventoryNet`	$83.50M	USD	Point-in-time
Inventories	`InventoryNet`	$64.80M	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$136.00M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Deferred costs associated with deferred revenue	`OtherDeferredCostsNet`	$151.90M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.80M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$406.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$406.10M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.90M	USD	Point-in-time
Accumulated Depreciation, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.80M	USD	Point-in-time
Accumulated Depreciation, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.70M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$5.00M	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`	$62.80M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$60.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$6.80M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$6.20M	USD	Point-in-time
Total Assets	`Assets`	$483.70M	USD	Point-in-time
Total Assets	`Assets`	$486.30M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$47.10M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$50.60M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$16.90M	USD	Point-in-time
Payables under SWU purchase agreements	`AccountsPayableCurrent`	$21.30M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$13.30M	USD	Point-in-time
Inventories owed to customers and suppliers	`InventoriesOwedToCustomersAndSuppliers`	$4.90M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$255.50M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$283.20M	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`	$338.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$366.10M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$104.90M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$108.00M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$130.80M	USD	Point-in-time
Postretirement health and life benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$128.90M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$119.00M	USD	Point-in-time
Pension benefit liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$124.40M	USD	Point-in-time
Advances from customer, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$44.40M	USD	Point-in-time
Advances from customer, noncurrent	`ContractWithCustomerLiabilityNoncurrent`	$45.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$32.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$32.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$806.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$768.50M	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`	$123.30M	USD	Point-in-time
Excess of capital over par value	`AdditionalPaidInCapital`	$85.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-407.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-410.20M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$700.00K	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$800.00K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-325.20M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-284.80M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-336.90M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-320.60M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$483.70M	USD	Point-in-time
Total Liabilities and Stockholders Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$486.30M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue from Contract with Customer, Excluding Assessed Tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$45.00M	USD	1 Quarter
Revenue from Contract with Customer, Excluding Assessed Tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$55.60M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$55.60M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$45.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$25.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$43.90M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$11.70M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$19.60M	USD	1 Quarter
Advanced technology license and decommissioning costs	`ResearchAndDevelopmentExpense`	$900.00K	USD	1 Quarter
Advanced technology license and decommissioning costs	`ResearchAndDevelopmentExpense`	$500.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.50M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.20M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.40M	USD	1 Quarter
Gain on Sales of Assets	`GainOnSalesOfAssets`	$-100.00K	USD	1 Quarter
Gain on Sales of Assets	`GainOnSalesOfAssets`	-	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$8.90M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$900.00K	USD	1 Quarter
Nonoperating components of net periodic benefit expense (income)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-4.30M	USD	1 Quarter
Nonoperating components of net periodic benefit expense (income)	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-2.20M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$100.00K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	-	USD	1 Quarter
Investment income	`InvestmentIncomeInterest`	$400.00K	USD	1 Quarter
Investment income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.20M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.40M	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`	$5.10M	USD	1 Quarter
Preferred stock dividends, undeclared and cumulative	`PreferredStockDividendsIncomeStatementImpact`	$700.00K	USD	1 Quarter
Preferred stock dividends, undeclared and cumulative	`PreferredStockDividendsIncomeStatementImpact`	$2.00M	USD	1 Quarter
Distributed earnings allocable to retired preferred shares	`OtherPreferredStockDividendsAndAdjustments`	$6.60M	USD	1 Quarter
Distributed earnings allocable to retired preferred shares	`OtherPreferredStockDividendsAndAdjustments`	-	USD	1 Quarter
Net income (loss) allocable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.30M	USD	1 Quarter
Net income (loss) allocable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-2.20M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.95	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.82M	shares	1 Quarter
Average number of shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.62M	shares	1 Quarter
Average number of shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.82M	shares	1 Quarter
Average number of shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.84M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$11.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.50M	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$-3.60M	USD	1 Quarter
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$-14.20M	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$10.30M	USD	1 Quarter
Inventories, net (increase) decrease	`IncreaseDecreaseInInventories`	$-100.00K	USD	1 Quarter
Accounts payable and other liabilities increase (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.30M	USD	1 Quarter
Accounts payable and other liabilities increase (decrease)	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.60M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-1.90M	USD	1 Quarter
Payables under SWU purchase agreements increase (decrease)	`IncreaseDecreaseInAccountsPayableTrade`	$-4.40M	USD	1 Quarter
Deferred revenue, net of deferred costs increase (decrease)	`IncreaseDecreaseinDeferredRevenueNetofDeferredCosts`	$-23.30M	USD	1 Quarter
Deferred revenue, net of deferred costs increase (decrease)	`IncreaseDecreaseinDeferredRevenueNetofDeferredCosts`	$-12.50M	USD	1 Quarter
Accrued loss on long-term contract, increase (decrease)	`Accruedlossonlongtermcontractincreasedecrease`	$-2.00M	USD	1 Quarter
Pension and postretirement liabilities - increase (decrease)	`IncreaseDecreaseInPensionPlanObligations`	$-8.60M	USD	1 Quarter
Pension and postretirement liabilities - increase (decrease)	`IncreaseDecreaseInPensionPlanObligations`	$-7.40M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	-	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.50M	USD	1 Quarter
Net Cash (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$400.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-400.00K	USD	1 Quarter
Proceeds from the sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from the sale of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$23.20M	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
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$200.00K	USD	1 Quarter
Payments for deferred financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	$100.00K	USD	1 Quarter
Payments for deferred financing costs	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	1 Quarter
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	$100.00K	USD	1 Quarter
Payments of equity issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Net Cash (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.00M	USD	1 Quarter
Net Cash (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$20.20M	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$11.30M	USD	1 Quarter
Decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-21.50M	USD	1 Quarter
Cash, cash equivalents and restricted cash, start of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash, start of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.20M	USD	Point-in-time
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`	$115.10M	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$169.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$115.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$136.60M	USD	Point-in-time
Conversion of interest payable-in-kind to long-term debt	`NotesIssued1`	$7.50M	USD	1 Quarter
Conversion of interest payable-in-kind to long-term debt	`NotesIssued1`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-325.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-284.80M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-336.90M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-320.60M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$11.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.10M	USD	1 Quarter
Stock issued during period	`StockIssuedDuringPeriodValueNewIssues`	$23.80M	USD	1 Quarter
Receivable from issuance of stock	`ReceivableFromIssuanceOfStock`	$700.00K	USD	1 Quarter
Exchange of preferred stock for common stock and common stock warrant	`ExchangeOfPreferredStockForCommonStockAndCommonStockWarrant`	$-100.00K	USD	1 Quarter
Reclassification of stock-based compensation liability to equity	`ReclassificationOfStockBasedCompensationLiabilityToEquity`	$7.50M	USD	1 Quarter
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	`StockIssuedDuringPeriodValueShareBasedCompensation`	$400.00K	USD	1 Quarter
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	`StockIssuedDuringPeriodValueShareBasedCompensation`	$200.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$-325.20M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-284.80M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-336.90M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-320.60M	USD	Point-in-time

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