Centrus Reports Second Quarter 2026 Results
Rhea-AI Summary
Centrus Energy (NYSE: LEU) reported Q2 2026 revenue of $176.1 million, up 14% from $154.5 million in Q2 2025. GAAP net income was $16.8 million versus $28.9 million, while non-GAAP adjusted net income rose to $38.7 million from $34.5 million.
LEU segment revenue increased 22% to $153.4 million, including $53.4 million of uranium sales, while SWU revenue declined $25.7 million on 23% lower volume and 3% higher pricing. Technical Solutions revenue fell 21% to $22.7 million and shifted from a $3.2 million gross profit to a $1.7 million gross loss, largely tied to the HALEU Operation Contract.
Centrus signed a $900 million HALEU enrichment award with the U.S. Department of Energy, a large-scale commercial HALEU supply agreement that may include prepayments, and grew contingent LEU/HALEU backlog to $3.0 billion within a total company backlog of $4.5 billion.
For 2026, Centrus guides to $450–$500 million in total revenue and $350–$500 million in capital deployment, and expects to complete its first new centrifuge in Oak Ridge by year-end while significantly expanding hiring in Oak Ridge and Piketon.
Positive
- Revenue +14% YoY to $176.1 million in Q2 2026
- LEU segment revenue +22% YoY to $153.4 million
- Adjusted net income increased to $38.7 million from $34.5 million
- $900 million HALEU enrichment award contract signed with U.S. DOE
- Total backlog $4.5 billion, including $3.7 billion in LEU and $0.8 billion Technical Solutions
- Contingent LEU and HALEU commitments $3.0 billion, with $2.4 billion under definitive agreements
- 2026 revenue guidance set at $450–$500 million
- Capital deployment guidance of $350–$500 million for enrichment expansion
Negative
- GAAP net income down 42% YoY to $16.8 million in Q2 2026
- Gross profit down 7% YoY to $49.9 million
- Technical Solutions revenue -21% YoY to $22.7 million
- Technical Solutions gross margin deterioration from $3.2 million profit to $1.7 million loss
- SWU sales volume -23% with a $25.7 million revenue decline despite 3% price increase
- SG&A expenses nearly doubled to $26.2 million, including $17.2 million higher stock-based compensation tied to RSUs
- Advanced technology costs more than tripled to $10.8 million in the quarter
- DOE’s proposed FY 2027 budget includes no further funding for HALEU Operation Contract, affecting about $0.8 billion of Technical Solutions backlog
News Explained
Approximately $0.8 billion of Technical Solutions backlog is tied to a DOE contract whose proposed fiscal 2027 budget has no further funding.
Centrus Energy reported second-quarter results and selected Geiger Brothers as construction contractor for a major uranium-enrichment expansion; the project is at a contractor-selection stage, while completion of the first Oak Ridge centrifuge remains expected by
About
In plain terms, Technical Solutions backlog can combine funded amounts with unfunded amounts and unexercised options, so the reported backlog is not uniformly funded or presently exercisable.
The material watch items are the
Market Reaction – LEU
Following this news, LEU has gained 1.79%, reflecting a mild positive market reaction. The stock is currently trading at $190.99.
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Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 05 | Q1 earnings report | Positive | +12.3% | Revenue and adjusted earnings increased, while GAAP earnings declined year over year. |
| Feb 10 | Q4 earnings report | Positive | -20.7% | Annual revenue, net income, cash, backlog, and 2026 guidance were reported alongside expansion milestones. |
| Nov 05 | Q3 earnings report | Positive | -14.7% | Revenue and net income increased, while the company completed a convertible notes offering. |
| Aug 05 | Q2 earnings report | Positive | +8.7% | Net income and revenue increased, with HALEU delivery and DOE contract milestones disclosed. |
| May 07 | Q1 earnings report | Positive | +22.0% | Revenue and net income improved, supported by higher SWU prices, volumes, and DOE awards. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Prior earnings events produced three aligned positive reactions and two divergences, including two sizable declines despite positive earnings disclosures.
Key Terms
haleu technical
non-gaap adjusted net income financial
separative work units technical
stock-based compensation financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Revenue of
$176.1 million $154.5 million - GAAP net income of
$16.8 million $28.9 million - Non-GAAP adjusted net income (1) of
$38.7 million $34.5 million - Signed
$900 million U.S . Department of Energy - Grew contingent Low-Enriched Uranium (LEU) and HALEU enrichment backlog to
$3.0 billion - Selected Geiger Brothers as construction contractor for major uranium enrichment plant expansion
- Signed first-of-a-kind, large-scale commercial HALEU supply agreement that potentially includes prepayments
- Raising full year 2026 hiring guidance in
Piketon, Ohio - Expecting completion of first new centrifuge in
Oak Ridge, Tennessee , by year-end 2026
"This was another strong quarter of financial and operational progress for Centrus that included a number of commercial wins for our future enrichment business as we capitalize on strong industry tailwinds and our operational momentum," said Centrus Energy President and CEO Amir Vexler.
"Operationally we continued on full-execution mode for our centrifuge manufacturing and expansion programs. Our strategy includes risk-reducing measures like locking in a majority of the suppliers deemed critical with larger commitments to help insulate the project from potential price fluctuations. Simultaneously, we further strengthened our financial position by signing our HALEU award while securing possible prepayments from offtakers. Our progress has allowed us to announce that our first new centrifuge will be competed in
"In general, we continue to see healthy demand momentum with consistent constrained supply, resulting in upward pressure on SWU prices. Our operational progress coupled with strong demand signals across all our end-markets has provided Centrus with strong backlog growth and momentum, and we look forward to further capitalizing on our position as the only publicly-traded, proven enricher in the market."
(1)A reconciliation of non-GAAP results are detailed in the Financial Results section. Additional information can be found in the materials on the Centrus investor relations website at https://investors.centrusenergy.com.
Financial Results
Centrus generated total revenue of
Revenue from the LEU segment was
Revenue from the Technical Solutions segment was
Cost of sales for the LEU segment was
Cost of sales for the Technical Solutions segment was
The Company recognized gross profit of
Gross profit for the LEU segment was
Gross profit (loss) for the Technical Solutions segment was a loss of
Net income was
Backlog
The Company's backlog across both segments is
2026 Outlook
The Company is updating some of its financial and operational guidance for the full year 2026 based on information available to the Company at the time of this release.
Financial 2026 Outlook
For the full year 2026, on a consolidated basis, Centrus expects:
- Total revenue to be in the range of
$450 million $500 million - Total capital deployment to be in the range of
$350 million $500 million
Operational 2026 Outlook
For the full year 2026, on a consolidated basis, Centrus expects to:
- Finalize contracts with all partners identified as critical to its industrial build out
- Hire at least 100 net new employees for its
Oak Ridge, Tennessee , facility - Hire at least 175 net new employees for its
Piketon, Ohio , facility up from 100 net new employee hires - Release a Certified for Construction package
- Complete its first centrifuge in
Oak Ridge, Tennessee
The Company's 2026 guidance is subject to a number of assumptions and uncertainties that could affect results either positively or negatively. Variations from these expectations could cause differences between this guidance and the ultimate results. This includes the assumption of no significant change in restrictions in our ability to receive and sell Russian LEU or other uranium products, no significant economic disruptions or downturns, the successful implementation of our planned expansion projects, and that current business operations will continue on an ongoing basis.
About Centrus Energy Corp.
Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.
With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X.
Forward-Looking Statements:
This news release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions with respect to future events and operational, economic and financial performance. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control and which may be exacerbated by any worsening of the global business and economic environment including but not limited to, risks and uncertainties related to the following:
- the war in Ukraine and other geopolitical conflicts, including the resulting bans, laws, tariffs, sanctions or other government measures, and actions by third parties, including contractual counterparties, as a result of such conflicts that could directly or indirectly impact our ability to obtain, deliver, transport, sell or collect payment for, LEU or the SWU and natural uranium hexafluoride components of LEU;
- our reliance on third party suppliers to provide essential products and services to us;
- restrictions on imports and exports, including those imposed under the RSA, and related to international trade legislation;
- our lease to our facility in Piketon, Ohio and our government contracts, including related to government shutdowns, changes to the U.S. government's appropriated funding levels for HALEU and the government's inability to satisfy its obligations;
- our receipt of additional task orders under the HALEU Production Contract, LEU Production Contract and HALEU Deconversion Contract and, if awarded, the nature, timing and amount thereof;
- our ability to obtain new contracts or funding to be able to continue operations;
- whether or when government demand for HALEU or LEU for government or commercial uses will materialize and at what level;
- the impact and potential extended duration of a supply/demand imbalance in the market for LEU;
- significant competition from major LEU producers, including foreign competitors, who may be less cost sensitive than we are;
- limitations on our ability to compete in foreign markets;
- pricing trends and demand in the uranium and enrichment markets, especially in light of the potential of limited supply and our dependence on others for deliveries of LEU;
- our ability to successfully implement our planned expansion projects in Piketon, Ohio and Oak Ridge, Tennessee, including our ability to raise the capital necessary for such projects;
- our ability to successfully integrate artificial intelligence technologies into our operations;
- natural and other disasters;
- pandemics and other health crises;
- the fact that our revenue is largely dependent on our largest customers and our sales backlog;
- our long-term liabilities, including our postretirement health and life benefit obligations, our
0% Convertible Notes and our2.25% Convertible Notes; - failures or security, including cybersecurity, breaches of our information technology systems; and
- the impact of, or changes to, government regulation and policies or interpretation of laws or regulations, including by the U.S. Securities and Exchange Commission, the DOE, the U.S. Department of Commerce, and the U.S. Nuclear Regulatory Commission.
Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. Readers are urged to carefully review and consider the various disclosures made in this news release and in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2025, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended March 31, 2026, under Part II, Item 1A - "Risk Factors" in our Quarterly report on Form 10-Q for the quarter ended June 30, 2026, and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Contacts:
Investors and Media: Neal Nagarajan at NagarajanNK@centrusenergy.com
CENTRUS ENERGY CORP | |||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND | |||||||
(Unaudited; in millions, except share and per share data) | |||||||
Three Months Ended June 30, | Six Months Ended June 30, | ||||||
2026 | 2025 | 2026 | 2025 | ||||
Revenue: | |||||||
Separative work units | $ 100.0 | $ 125.7 | $ 141.6 | $ 177.0 | |||
Uranium | 53.4 | — | 56.4 | — | |||
Technical solutions | 22.7 | 28.8 | 54.8 | 50.6 | |||
Total revenue | 176.1 | 154.5 | 252.8 | 227.6 | |||
Cost of Sales: | |||||||
Separative work units and uranium | 101.8 | 75.0 | 118.5 | 95.1 | |||
Technical solutions | 24.4 | 25.6 | 52.9 | 45.7 | |||
Total cost of sales | 126.2 | 100.6 | 171.4 | 140.8 | |||
Gross profit | 49.9 | 53.9 | 81.4 | 86.8 | |||
Advanced technology costs | 10.8 | 3.3 | 29.7 | 6.3 | |||
Selling, general and administrative | 26.2 | 13.4 | 36.2 | 21.7 | |||
Amortization of intangible assets | 2.5 | 3.7 | 4.3 | 4.8 | |||
Operating income | 10.4 | 33.5 | 11.2 | 54.0 | |||
Nonoperating components of net periodic benefit loss | 1.0 | 1.0 | 2.0 | 1.9 | |||
Interest expense | 4.2 | 3.1 | 8.2 | 6.5 | |||
Investment income | (16.3) | (8.0) | (33.3) | (15.3) | |||
Extinguishment of long-term debt | — | — | — | (11.8) | |||
Other (income) expense, net | (0.1) | — | 0.2 | 0.1 | |||
Income before income taxes | 21.6 | 37.4 | 34.1 | 72.6 | |||
Income tax expense | 4.8 | 8.5 | 7.3 | 16.5 | |||
Net income and comprehensive income | $ 16.8 | $ 28.9 | $ 26.8 | $ 56.1 | |||
Net income per share: | |||||||
Basic | $ 0.85 | $ 1.63 | $ 1.35 | $ 3.23 | |||
Diluted | $ 0.77 | $ 1.59 | $ 1.21 | $ 3.22 | |||
Average number of common shares outstanding (in thousands): | |||||||
Basic | 19,879 | 17,703 | 19,826 | 17,344 | |||
Diluted | 21,891 | 18,121 | 22,114 | 17,406 | |||
CENTRUS ENERGY CORP.
NON-GAAP ADJUSTED OPERATING INCOME, ADJUSTED NET INCOME AND
ADJUSTED NET INCOME PER SHARE RECONCILIATION TABLE
The Company measures Operating Income, Net Income and Net Income per Share both on a GAAP basis and on an adjusted basis ("Adjusted Operating Income", "Adjusted Net Income" and "Adjusted Net Income per Share") to exclude short-term, non-capitalizable costs related to the expansion of our operations in
We believe Adjusted Operating Income, Adjusted Net Income and Adjusted Net Income per Share, which are non-GAAP financial measures, provide investors with additional understanding of the Company's overall financial performance as well as its strategic financial planning analysis and period-to-period comparability. These metrics are useful to investors because they reflect how management evaluates the Company's ongoing operating performance from period-to-period after removing certain transactions and activities that affect comparability of the metrics and are not reflective of the Company's core operations.
Our calculation of Adjusted Operating Income, Adjusted Net Income, and Adjusted Net Income per Share may not be comparable to similarly named measures reported by other companies.
The following tables present a reconciliation of the operating income, the most directly comparable GAAP measure, to Adjusted Operating Income, a reconciliation of the net income, the most directly comparable GAAP measure, to Adjusted Net Income, and a reconciliation of the net income per share, the most directly comparable GAAP measure, to Adjusted Net Income Per Share, for each of the periods indicated:
Three Months Ended June 30, 2026 Compared with Three Months Ended June 30, 2025 | |||||||||||||||
Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | ||||||||||||||
GAAP | Growth | Stock- | Adjusted | GAAP | Growth | Stock- | Adjusted | ||||||||
Gross profit | $ 49.9 | $ — | $ — | $ 49.9 | $ 53.9 | $ — | $ — | $ 53.9 | |||||||
Advanced technology costs | 10.8 | (10.6) | — | 0.2 | 3.3 | (3.1) | — | 0.2 | |||||||
Selling, general and | 26.2 | — | (17.7) | 8.5 | 13.4 | — | (4.2) | 9.2 | |||||||
Amortization of intangible assets | 2.5 | — | — | 2.5 | 3.7 | — | — | 3.7 | |||||||
Operating income | 10.4 | 10.6 | 17.7 | 38.7 | 33.5 | 3.1 | 4.2 | 40.8 | |||||||
Nonoperating components of net | 1.0 | — | — | 1.0 | 1.0 | — | — | 1.0 | |||||||
Interest expense | 4.2 | — | — | 4.2 | 3.1 | — | — | 3.1 | |||||||
Investment income | (16.3) | — | — | (16.3) | (8.0) | — | — | (8.0) | |||||||
Other (income) expense, net | (0.1) | — | — | (0.1) | — | — | — | — | |||||||
Income before income taxes | 21.6 | 10.6 | 17.7 | 49.9 | 37.4 | 3.1 | 4.2 | 44.7 | |||||||
Income tax expense | 4.8 | 2.4 | 4.0 | 11.2 | 8.5 | 0.7 | 1.0 | 10.2 | |||||||
Net income and comprehensive | $ 16.8 | $ 8.2 | $ 13.7 | $ 38.7 | $ 28.9 | $ 2.4 | $ 3.2 | $ 34.5 | |||||||
Net income per share: | |||||||||||||||
Basic | $ 0.85 | $ 0.41 | $ 0.69 | $ 1.95 | $ 1.63 | $ 0.14 | $ 0.18 | $ 1.95 | |||||||
Diluted | $ 0.77 | $ 0.37 | $ 0.63 | $ 1.77 | $ 1.59 | $ 0.13 | $ 0.18 | $ 1.90 | |||||||
Average number of common | |||||||||||||||
Basic | 19,879 | — | — | 19,879 | 17,703 | — | — | 17,703 | |||||||
Diluted | 21,891 | — | — | 21,891 | 18,121 | — | — | 18,121 | |||||||
Six Months Ended June 30, 2026 Compared with Six Months Ended June 30, 2025 | |||||||||||||||
Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | ||||||||||||||
GAAP | Growth | Stock- | Adjusted | GAAP | Growth | Stock- | Adjusted | ||||||||
Gross profit | $ 81.4 | $ — | $ — | $ 81.4 | $ 86.8 | $ — | $ — | $ 86.8 | |||||||
Advanced technology costs | 29.7 | (27.6) | — | 2.1 | 6.3 | (4.4) | — | 1.9 | |||||||
Selling, general and | 36.2 | — | (18.1) | 18.1 | 21.7 | — | (4.7) | 17.0 | |||||||
Amortization of intangible assets | 4.3 | — | — | 4.3 | 4.8 | — | — | 4.8 | |||||||
Operating income | 11.2 | 27.6 | 18.1 | 56.9 | 54.0 | 4.4 | 4.7 | 63.1 | |||||||
Nonoperating components of net | 2.0 | — | — | 2.0 | 1.9 | — | — | 1.9 | |||||||
Interest expense | 8.2 | — | — | 8.2 | 6.5 | — | — | 6.5 | |||||||
Investment income | (33.3) | — | — | (33.3) | (15.3) | — | — | (15.3) | |||||||
Extinguishment of long-term | — | — | — | — | (11.8) | — | — | (11.8) | |||||||
Other (income) expense, net | 0.2 | — | — | 0.2 | 0.1 | — | — | 0.1 | |||||||
Income before income taxes | 34.1 | 27.6 | 18.1 | 79.8 | 72.6 | 4.4 | 4.7 | 81.7 | |||||||
Income tax expense | 7.3 | 6.2 | 4.1 | 17.6 | 16.5 | 1.0 | 1.1 | 18.6 | |||||||
Net income and comprehensive | $ 26.8 | $ 21.4 | $ 14.0 | $ 62.2 | $ 56.1 | $ 3.4 | $ 3.6 | $ 63.1 | |||||||
Net income per share: | |||||||||||||||
Basic | $ 1.35 | $ 1.08 | $ 0.71 | $ 3.14 | $ 3.23 | $ 0.20 | $ 0.21 | $ 3.64 | |||||||
Diluted | $ 1.21 | $ 0.97 | $ 0.63 | $ 2.81 | $ 3.22 | $ 0.20 | $ 0.21 | $ 3.63 | |||||||
Average number of common | |||||||||||||||
Basic | 19,826 | — | — | 19,826 | 17,344 | — | — | 17,344 | |||||||
Diluted | 22,114 | — | — | 22,114 | 17,406 | — | — | 17,406 | |||||||
CENTRUS ENERGY CORP | |||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
(Unaudited; in millions) | |||
Six Months Ended June 30, | |||
2026 | 2025 | ||
OPERATING | |||
Net income | $ 26.8 | $ 56.1 | |
Adjustments to reconcile net income to cash used in operating activities: | |||
Depreciation and amortization | 5.1 | 5.4 | |
Deferred tax assets | 7.0 | 15.5 | |
Equity-related compensation | 18.1 | 4.7 | |
Revaluation of inventory borrowings | (0.6) | 3.6 | |
Gain on extinguishment of | — | (11.8) | |
Amortization of debt issuance costs and discount | 2.7 | — | |
Other reconciling adjustments, net | 0.2 | 1.3 | |
Changes in operating assets and liabilities: | |||
Accounts receivable | 5.1 | 48.6 | |
Inventories | (92.5) | (221.5) | |
Inventories owed to customers and suppliers | 43.0 | 111.2 | |
Other current assets | (0.6) | 1.3 | |
Accounts payable and other liabilities | (5.3) | (6.1) | |
Payables under inventory purchase agreements | 16.4 | 97.6 | |
Deferred revenue and advances from customers, net of deferred costs | (38.4) | (12.6) | |
Pension and postretirement benefit liabilities | (3.7) | (3.9) | |
Other changes, net | — | (0.1) | |
Cash (used in) provided by operating activities | (16.7) | 89.3 | |
INVESTING | |||
Capital expenditures | (94.8) | (5.7) | |
Cash used in investing activities | (94.8) | (5.7) | |
FINANCING | |||
Proceeds from the issuance of common stock, net | 53.9 | 139.9 | |
Common stock withheld for tax obligations under stock-based compensation plan | (0.4) | (2.5) | |
Payment of interest classified as debt | — | (3.5) | |
Payment of principal to redeem | — | (74.3) | |
Cash provided by financing activities | 53.5 | 59.6 | |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | (0.2) | (0.2) | |
(Decrease) Increase in cash, cash equivalents and restricted cash | (58.2) | 143.0 | |
Cash, cash equivalents and restricted cash, beginning of period | 1,960.1 | 704.0 | |
Cash, cash equivalents and restricted cash, end of period | $ 1,901.9 | $ 847.0 | |
Six Months Ended June 30, | |||
2026 | 2025 | ||
Supplemental cash flow disclosures: | |||
Cash paid for interest | $ 4.5 | $ 4.4 | |
Cash paid for income taxes | |||
Federal | $ — | $ — | |
State | $ 0.2 | $ 0.3 | |
Foreign | $ — | $ — | |
Non-cash activities: | |||
Adjustment of right to use lease assets from lease modification | $ — | $ 1.3 | |
Property, plant and equipment included in accounts payable and accrued liabilities | $ 21.0 | $ 0.6 | |
Reclassification of equity-based compensation from equity to liability | $ 0.8 | $ — | |
CENTRUS ENERGY CORP | |||
CONDENSED CONSOLIDATED BALANCE SHEETS | |||
(Unaudited; in millions, except share and per share data) | |||
June 30,2026 | December 31,2025 | ||
ASSETS | |||
Current assets: | |||
Cash and cash equivalents | $ 1,868.5 | $ 1,957.2 | |
Accounts receivable | 25.6 | 30.7 | |
Inventories | 377.1 | 322.9 | |
Deferred costs associated with deferred revenue | 33.2 | 40.9 | |
Other current assets | 12.7 | 11.9 | |
Total current assets | 2,317.1 | 2,363.6 | |
Property, plant and equipment, net of accumulated depreciation of | 142.5 | 29.5 | |
Deposits for financial assurance | 33.2 | 2.7 | |
Intangible assets, net | 16.9 | 21.2 | |
Deferred tax assets | 15.0 | 21.9 | |
Other long-term assets | 6.3 | 7.0 | |
Total assets | $ 2,531.0 | $ 2,445.9 | |
LIABILITIES AND STOCKHOLDERS' EQUITY | |||
Current liabilities: | |||
Accounts payable and accrued liabilities | $ 74.0 | $ 41.6 | |
Payables under inventory purchase agreements | 34.8 | 18.5 | |
Inventories owed to customers and suppliers | 235.7 | 192.7 | |
Deferred revenue and advances from customers | 85.0 | 131.1 | |
Short-term inventory loans | — | 38.9 | |
Current debt | — | — | |
Total current liabilities | 429.5 | 422.8 | |
Long-term debt | 1,177.5 | 1,174.8 | |
Postretirement health and life benefit obligations | 68.8 | 72.2 | |
Pension benefit liabilities | 2.9 | 3.0 | |
Advances from customers | — | — | |
Long-term inventory loans | — | — | |
Other long-term liabilities | 6.9 | 8.0 | |
Total liabilities | 1,685.6 | 1,680.8 | |
Stockholders' equity: | |||
Preferred stock, par value | |||
Series A Participating Cumulative Preferred Stock, none issued | — | — | |
Class A Common Stock, par value | 1.9 | 1.9 | |
Class B Common Stock, par value | 0.1 | 0.1 | |
Excess of capital over par value | 815.9 | 762.3 | |
Retained earnings | 28.3 | 1.5 | |
Accumulated other comprehensive loss | (0.8) | (0.7) | |
Total stockholders' equity | 845.4 | 765.1 | |
Total liabilities and stockholders' equity | $ 2,531.0 | $ 2,445.9 | |
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SOURCE Centrus Energy Corp.