CENTRUS ENERGY CORP

Listed Company

LEUCIK 0001065059NYSELarge AcceleratedMining & Quarrying Of Nonmetallic Minerals (No Fuels)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$448.70M

Net Income

$77.80M

Total Assets

$2.45B

Equity

$765.10M

Shares Out

13.67M

Op. Cash Flow

$51.00M

Business

Centrus Energy Corp. is a supplier of nuclear fuel components and provides uranium enrichment and technical services to public and private customers. It offers low enriched uranium (LEU) and high-assay low enriched uranium (HALEU) enrichment services, sales of separative work units (SWU), natural uranium hexafluoride, uranium concentrates and conversion, centrifuge manufacturing, advanced manufacturing, engineering and operations services. The company operates two segments: LEU (commercial sales of enrichment and feed components) and Technical Solutions (government and advanced enrichment, HALEU production, and engineering/manufacturing services). Centrus supplies domestic and international utilities and U.S. government customers via long-term contracts, spot purchases, inventory and DOE task orders and direct manufacturing channels.

Summary from filing dated 2025-02-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	449	442	320	294	298
Cost of sales	331	331	208	176	184
Gross profit (loss)	118	112	112	118	115
Advanced technology license and decommissioning costs	17	17	14	15	2
Selling, general and administrative	36	35	37	34	36
Amortization of intangible assets	8	10	6	9	8
Operating income (loss)	50	48	52	60	68
Nonoperating components of net periodic benefit expense (income)	7	−15	−23	−7	−68
Interest Expense, Nonoperating	14	3	1	—	—
Investment income	−45	−13	−9	−2	−100,000
Other Nonoperating Income	0	−100,000	−2	0	0
Income (loss) before income taxes	86	73	85	68	136
Provision (benefit) for income taxes	8	−200,000	100,000	16	−39
Net income (loss)	78	73	84	52	175
Net income (loss) per common share - basic	4.33	4.49	5.55	3.47	10.03
Net income (loss) per common share - diluted	3.9	4.47	5.44	3.38	9.75
Average number of shares outstanding, basic	18	16	15	15	13
Average number of shares outstanding, diluted	20	16	16	15	14
Labor and Related Expense	6	2	2	—	—
Gain (Loss) on Extinguishment of Debt	−12	0	0	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,957	671	201	180	194
Accounts receivable, net	31	80	49	38	29
Inventories	323	162	306	209	91
Deferred costs associated with deferred revenue	41	64	118	136	143
Other current assets	12	38	11	24	9
Total current assets	2,364	1,015	685	587	466
Property, Plant and Equipment, Net	30	9	7	6	5
Deposits for surety bonds	3	3	32	32	3
Intangible assets	21	30	39	46	55
Deferred tax assets, net	22	29	29	27	41
Other long-term assets	7	7	4	8	2
Total Assets	2,446	1,093	796	706	572
Accounts payable and accrued liabilities	42	39	42	66	38
Payables under SWU purchase agreements	19	30	42	44	38
Inventories owed to customers and suppliers	193	16	84	61	8
Deferred revenue and advances from customers	131	216	283	273	303
Short-term inventory loan	39	40	14	—	—
Current debt	0	6	6	6	6
Total current liabilities	423	347	471	449	393
Long-term debt	1,175	473	90	96	102
Postretirement health and life benefit obligations	72	75	81	85	115
Pension benefit liabilities	3	4	17	44	23
Long-term SWU Loans	0	26	63	49	22
Other long-term liabilities	8	8	9	12	14
Total liabilities	1,681	932	764	780	714
Common Stock, Shares, Issued	20	17	16	15	14
Excess of capital over par value	762	237	181	158	141
Accumulated deficit	2	−76	−150	−234	−285
Accumulated other comprehensive income (loss), net of tax	−700,000	−500,000	−300,000	200,000	500,000
Total stockholders' deficit	765	161	32	−74	−142
Total Liabilities and Stockholders Equity (Deficit)	2,446	1,093	796	706	572

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	10	11	7	10	9
Accrued loss on long-term contract	0	0	−20	20	−7
Increase (Decrease) in Deferred Income Taxes	−7	700,000	2	−15	40
Retirement benefit plans (gains) losses, net	3	−17	−25	8	−51
Revaluation of inventory borrowing	4	2	7	8	5
Equity Related Compensation	6	2	2	2	12
Amortization of Debt Discount (Premium)	3	300,000	0	—	—
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item	100,000	−200,000	−2	0	0
Accounts receivable (increase) decrease	49	−31	−11	−9	500,000
Increase (Decrease) in Inventories	−230	101	−84	−89	−14
Increase Decrease in Inventories Owed to Suppliers	177	−68	24	52	4
Increase (Decrease) in Other Current Assets	2	2	15	−16	−1
Payables under SWU purchase agreements increase (decrease)	−11	−12	−2	6	17
Deferred revenue, net of deferred costs increase (decrease)	−30	−15	12	−23	13
Accounts payable and other liabilities increase (decrease)	400,000	−1	9	3	−5
Pension and postretirement liabilities - increase (decrease)	−6	−8	−6	−18	−67
Other, net	−200,000	−300,000	−800,000	−100,000	−300,000
Net cash used in operating activities	51	37	9	21	50
Capital expenditures	−20	−4	−2	−700,000	−1
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	−20	−4	−2	−700,000	−1
Proceeds from the sale of common stock, net	−524	−55	−23	−4	−42
Repayments of Debt	−4	−6	−6	−6	−6
Debt Instrument, Repaid, Principal	−74	0	0	—	—
Exercise of stock options	0	400,000	0	400,000	900,000
Shares withheld for employee taxes	−3	−600,000	−3	−2	−2
Proceeds from (Payment for) Other Financing Activity	0	0	−200,000	−300,000	0
Net cash used in financing activities	1,225	437	14	−4	−10
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	−100,000	200,000	0	0	—
Decrease in cash, cash equivalents and restricted cash	1,256	470	21	16	39
Proceeds from Convertible Debt	782	389	0	0	—
Income Tax Paid, Federal, after Refund Received	0	0	0	—	—
Income Tax Paid, State and Local, after Refund Received	700,000	700,000	0	—	—
Income Tax Paid, Foreign, after Refund Received	0	0	0	—	—
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	9	0	0	—	—

Filings

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