Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 66

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 66
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 date the Company emerged from bankruptcy, September 30, 2014. The intangible asset related to the LEU segment backlog is amortized as the backlog, existing at emergence, is reduced, as a result of deliveries to customers. The intangible asset related to customer relationships is amortized using the straight-line method over the estimated average useful life of 15 years. Amortization expense is presented below gross profit on the Consolidated Statements of Operations and Comprehensive Income. Intangible asset balances are as follows (in millions):September 30, 2025December 31, 2024Gross Carrying AmountAccumulated AmortizationNet AmountGross Carrying AmountAccumulated AmortizationNet AmountBacklog$54.6 $49.3 $5.3 $54.6 $46.8 $7.8 Customer relationships68.9 50.5 18.4 68.9 47.1 21.8 Total$123.5 $99.8 $23.7 $123.5 $93.9 $29.6 

21

6.  DEBT

A summary of debt is as follows (in millions):September 30, 2025December 31, 2024MaturityCurrentLong-TermCurrentLong-Term8.25% Notes:Feb. 2027Principal$— $— $— $74.3 Interest— — 6.1 9.2 2.25% Convertible Notes:Nov. 2030Principal— 402.5 — 402.5 0% Convertible Notes:Aug. 2032Principal— 805.0 — —  Total$— $1,207.5 $6.1 $486.0 A summary of interest expense and amortization of debt issuance costs is as follows (in millions):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Contractual interest expense$2.3 $— $6.8 $— Amortization of debt issuance costs and discount0.9 — 2.0 — Total interest expense on debt$3.2 $— $8.8 $— Convertible NotesIn November 2024, the Company issued $402.5 million of 2.25%