Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 133

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 133
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ings under certain contracts in the Technical Solutions segment are invoiced based on approved provisional billing rates. Unbilled revenue represents the difference between actual costs incurred and invoiced amounts. The Company expects to invoice and collect the unbilled amounts after actual rates are submitted to and approved by the customer. Unbilled revenue also includes unconditional rights to payment that are not yet billable under applicable contracts due to timing of invoice processing or pending the compilation of supporting documentation.Contract Liabilities The following table presents changes in contract liability balances (in millions):September 30,  2025December 31,  2024Year-To-Date ChangeDeferred revenue - current$154.8 $183.6 $(28.8)Advances from customers - current$— $32.8 $(32.8)

Previously deferred sales and advances from customers recognized in revenue totaled $68.5 million and $99.6 million in the nine months ended September 30, 2025 and 2024, respectively. 

3.  CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The following table summarizes the Company’s cash, cash equivalents and restricted cash as presented on the Consolidated Balance Sheets to amounts on the Consolidated Statements of Cash Flows (in millions):September 30, 2025December 31, 2024Cash and cash equivalents$1,631.8 $671.4 Deposits for financial assurance - current (a)0.2 30.0 Deposits for financial assurance - noncurrent2.6 2.6 Total cash, cash equivalents and restricted cash$1,634.6 $704.0 (a) Deposits for financial assurance - current is included within Other Current Assets in the Consolidated Balance Sheets.

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The Company has $0.1 million and $0.5 million denominated in euros as of September 30, 2025 and December 31, 2024, respectively, and recorded $0.1 million in transaction gains and $0.1 million in transaction losses in the three and nine months ended September 30, 2025, respectively, and less than $0.1 million in transaction losses in both the three and nine months ended September 30, 2024.The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):September 30, 2025December 31, 2024CurrentLong-TermCurrentLong