Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 40

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 40
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)Net income (loss) per share:   Basic$1.60 $(0.38)   Diluted$1.60 $(0.38)Average number of common shares outstanding (in thousands):   Basic16,98215,906   Diluted17,04815,906

The accompanying notes are an integral part of these unaudited Consolidated Financial Statements.

11

CENTRUS ENERGY CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited; in millions)Three Months Ended March 31, 20252024OPERATING Net income$27.2 $(6.1)Adjustments to reconcile net income to cash used in operating activities:Depreciation and amortization1.5 1.3 Deferred tax assets7.5 (2.1)Equity related compensation0.5 0.2 Revaluation of inventory borrowings2.1 0.3 Gain on extinguishment of 8.25% Notes(11.8)— Other reconciling adjustments, net0.6 0.1 Changes in operating assets and liabilities:Accounts receivable41.3 29.5 Inventories(268.1)27.2 Inventories owed to customers and suppliers187.7 (62.7)Other current assets0.8 (0.8)Accounts payable and other liabilities(6.2)(5.1)Payables under inventory purchase agreements55.6 25.7 Deferred revenue and advances from customers, net of deferred costs0.1 0.4 Pension and postretirement benefit liabilities(2.2)(2.6)Other changes, net(0.1)— Cash provided by operating activities36.5 5.3 INVESTINGCapital expenditures(2.1)(1.5)Cash used in investing activities(2.1)(1.5)FINANCINGProceeds from the issuance of common stock, net25.2 7.1 Exercise of stock options— 0.4 Payment of interest classified as debt(3.5)(3.1)Payment of principal to redeem 8.25% Notes(74.3)— Cash provided by (used in) financing activities(52.6)4.4 Effect of exchange rate changes on cash, cash equivalents and restricted cash(0.1)(0.1)