CENTRUS ENERGY CORP Fair Value Disclosure
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||||||||||||||||||
| Assets: | |||||||||||||||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 1,957.2 | $ | — | $ | — | $ | 1,957.2 | $ | 671.4 | $ | — | $ | — | $ | 671.4 | |||||||||||||||||||||||||||||||
| Deferred compensation asset (a) | 0.5 | — | — | 0.5 | 0.4 | — | — | 0.4 | |||||||||||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||
Deferred compensation obligation (a) | $ | 0.5 | $ | — | $ | — | $ | 0.5 | $ | 0.4 | $ | — | $ | — | $ | 0.4 | |||||||||||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||
| Carrying Value | Estimated Fair Value (a) | Carrying Value | Estimated Fair Value (a) | ||||||||||||||||||||
| 8.25% Notes | $ | — | (b) | $ | — | $ | 89.6 | (b) | $ | 73.6 | |||||||||||||
2.25% Convertible Notes | $ | 391.2 | (c) | $ | 1,080.4 | $ | 389.0 | (c) | $ | 403.8 | |||||||||||||
0% Convertible Notes | $ | 783.7 | (d) | $ | 1,089.8 | $ | — | (d) | $ | — | |||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 11, 2026 | Showing above |
| 2024 | Feb 7, 2025 | |
| 2023 | Feb 9, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Mar 11, 2022 | |
| 2020 | Mar 22, 2021 | |
| 2019 | Mar 27, 2020 | |
| 2018 | Apr 1, 2019 | |
| 2017 | Mar 15, 2018 | |
| 2016 | Mar 31, 2017 | |
| 2015 | Mar 23, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.