Company: LEU
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-049844
Chunk: 63

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 63
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exercised options or potential services under indefinite-delivery, indefinite-quantity agreements in its remaining performance obligations. If any of the Company’s contracts were to be terminated, its remaining performance obligations would be reduced by the expected value of the cancelled performance obligations of such contracts.

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Accounts ReceivableThe following table presents the components of accounts receivable (in millions):September 30, 2025December 31, 2024Accounts receivable:Billed$44.1 $69.8 Unbilled *16.6 10.2 Accounts receivable$60.7 $80.0 * Billings 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