Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 26

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 26
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 follows on a summarized basis (in millions):  

Three Months Ended  March 31, 20252024Cash provided by operating activities$36.5 $5.3 Cash used in investing activities(2.1)(1.5)Cash provided by (used in) financing activities(52.6)4.4 Effect of exchange rate changes on cash, cash equivalents and restricted cash(0.1)(0.1)Increase (decrease) in cash, cash equivalents and restricted cash$(18.3)$8.1 

Operating Activities

For the three months ended March 31, 2025, net cash provided by operating activities was $36.5 million. The net increase was primarily due to approximately $123.0 million in cash collected from customers and investment income. These cash inflows were partially offset by approximately $87.0 million of disbursements for operations, of which approximately $59.0 million relates to both payments for LEU inventory deliveries and cash outflows for the Technical Solutions segment, with the remaining disbursements being for corporate administration, benefits claims, and advanced technology costs.

For the three months ended March 31, 2024, net cash provided by operating activities was $5.3 million. The net increase was primarily due to approximately $81.0 million in cash collected from customers, investment income, and reimbursements for postretirement health and life benefits paid by the Company. These cash inflows were partially offset by approximately $76.0 million of disbursements for operations, of which approximately $52.0 million relates to payments for LEU inventory deliveries and cash outflows for the Technical Solutions segment, with the remaining disbursements being for corporate administration, benefits claims, and advanced technology costs. 

50

Investing Activities

Capital expenditures were $2.1 million and $1.5 million for the three months ended March 31, 2025 and 2024, respectively.

Financing Activities

For the three months ended March 31, 2025 and 2024, cash of $25.2 million and $7.1 million, respectively, was provided from the net proceeds related to the issuance of 258,197 and 176,628 shares, respectively, of Class A Common Stock under ATM offerings. 

Pursuant to the Redemption Notice, on March 26, 2025, the Company redeemed all 8.25% Notes at a redemption price equal to 100% of the