Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 48

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 48
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 be subject to change. Depending on the terms of specific contracts, prices may be adjusted based on escalation using a general inflation index, published SWU price indicators prevailing at the time of delivery, and other factors, all of which are variable. The Company uses external composite forecasts of future market prices and inflation rates in its pricing estimates.The remaining performance obligations in the Technical Solutions segment were approximately $23.4 million and $28.0 million, as of March 31, 2025, and December 31, 2024, respectively, and extend through 2025. The remaining performance obligations in Technical Solutions include both funded (services for which funding has been both authorized and appropriated by the customer) and unfunded (services for which funding has not been appropriated) amounts. The Company does not include unexercised 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.

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