Company: LEU
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001065059-25-000006
Chunk: 100

Company: CENTRUS ENERGY CORP
Filing Date: 2025-02-07
Form: 10-K
Item: Item 7
Chunk 100
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.5 Adjusted net income, including distributed earnings allocable to warrant modification (Non-GAAP)$53.7 $56.3 $21.3 $73.2 $84.4 $52.2 Denominator (in thousands) (a):Average common shares outstanding - basic16,716 15,461 14,648 16,309 15,212 14,601 Average common shares outstanding - diluted16,778 15,732 15,029 16,373 15,501 14,988  Net Income per Share (in dollars):Basic$3.21 $3.64 $1.35 $4.49 $5.55 $3.47 Diluted$3.20 $3.58 $1.32 $4.47 $5.44 $3.38 Plus: Effect of distributed earnings allocable to warrant modification, per common share (in dollars):Basic$— $— $0.10 $— $— $0.11 Diluted$— $— $0.10 $— $— $0.10 Adjusted Net Income per Share (Non-GAAP) (in dollars):Basic$3.21 $3.64 $1.45 $4.49 $5.55 $3.58 Diluted$3.20 $3.58 $1.42 $4.47 $5.44 $3.48 

(a) For details related to average shares outstanding, refer to Note 15, Net Income Per Common Share, of the Consolidated Financial Statements in Part IV of this Annual Report.

77

Liquidity and Capital Resources

As of December 31, 2024, the Company had a consolidated cash and cash equivalents balance of $671.4 million. In addition, there was $29.8 million of restricted cash related to three inventory loans, which required a cash deposit into an escrow fund. See Note 3, Cash, Cash Equivalents, and Restricted Cash, of the Consolidated Financial Statements in Part IV of this Report. The Company anticipates having adequate liquidity to support our business operations for at least the next 12 months from the date of this Annual Report. Our view of liquidity is dependent on, among other things, conditions affecting our operations