Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 104

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 104
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 performance obligations would be reduced by the expected value of the cancelled performance obligations of such contracts.

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):March 31, 2025December 31, 2024Cash and cash equivalents$653.0 $671.4 Deposits for financial assurance - current (a)30.0 30.0 Deposits for financial assurance - noncurrent2.7 2.6 Total cash, cash equivalents and restricted cash$685.7 $704.0 (a)  Deposits for financial assurance - current is included within Other Current Assets in the Consolidated Balance Sheets.The Company has $0.1 million and $0.5 million denominated in euros as of March 31, 2025 and December 31, 2024, respectively, and recorded $0.1 million in transaction losses in both the three months ended March 31, 2025 and 2024, respectively.The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):March 31, 2025December 31, 2024CurrentLong-TermCurrentLong-TermCollateral for Inventory Loans$29.8 $— $29.8 $— Workers Compensation— 2.6 — 2.5 Other0.2 0.1 0.2 0.1 Total deposits for financial assurance$30.0 $2.7 $30.0 $2.6 

18

In 2022, the Company entered into three inventory loans that each required a cash deposit into an escrow fund.  In March 2025, the Company repaid two of the three inventory loans. In May 2025, the Company received $18.6 million of restricted cash which was released from escrow (see Note 4, Inventories). The Company has provided financial assurance to states in which it was previously self-insured for workers’ compensation in accordance with each state’s requirements in the form of a surety bond or deposit that is fully cash collateralized by the Company. Each surety bond or deposit is subject to reduction and/or cancellation, as each state determines the likely reduction of workers’ compensation