Centrus Energy CORP 10-K Filing

Ticker: LEU · Form: 10-K · Filed: Feb 7, 2025 · CIK: 1065059

Centrus Energy CORP 10-K Filing Summary
FieldDetail
CompanyCentrus Energy CORP (LEU)
Form Type10-K
Filed DateFeb 7, 2025
Pages15
Reading Time18 min
Key Dollar Amounts$0.10, $115.0 million, $1.00
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-K filing submitted by Centrus Energy CORP (ticker: LEU) to the SEC on Feb 7, 2025.

What are the key financial figures in this filing?

Key dollar amounts include: $0.10 (stered Class A Common Stock, par value $0.10 per share LEU NYSE American Securitie); $115.0 million (ALEU Demonstration Contract Three-year, $115.0 million cost-share contract with DOE signed in); $1.00 (g Cumulative Preferred Stock, par value $1.00 per share Series B Preferred Stock S).

How long is this filing?

Centrus Energy CORP's 10-K filing is 15 pages with approximately 4,557 words. Estimated reading time is 18 minutes.

Where can I view the full 10-K filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,557 words · 18 min read · ~15 pages · Grade level 18.5 · Accepted 2025-02-07 16:18:15

Key Financial Figures

Filing Documents

Business

Business 11 Item 1A.

Risk Factors

Risk Factors 30 Item 1B. Unresolved Staff Comments 50 Item 1C. Cybersecurity 51 Item 2.

Properties

Properties 52 Item 3.

Legal Proceedings

Legal Proceedings 52 Item 4. Mine Safety Disclosures 52 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 53 Item 6. [Reserved] 55 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 56 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 85 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 86 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 86 Item 9A.

Controls and Procedures

Controls and Procedures 86 Item 9B. Other Information 87 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 87 PART III Item 10. Directors, Executive Officers and Corporate Governance 88 Item 11.

Executive Compensation

Executive Compensation 88 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 88 Item 13. Certain Relationships and Related Transactions, and Director Independence 88 Item 14. Principal Accounting Fees and Services 88 PART IV Item 15. Exhibits and Financial Statement Schedules 89 Item 16. Form 10-K Summary 89 Exhibit Index 90

Signatures

Signatures 99 Consolidated Financial Statements 100 Glossary of Certain Terms and Abbreviations Centrus Energy Corp. and Related Entities ACO American Centrifuge Operating LLC, a subsidiary of Centrus Board Centrus Energy Corp.'s Board of Directors Centrus Centrus Energy Corp. Enrichment Board Separate Board of Directors at Enrichment Corp., a subsidiary of Centrus Energy Corp. Enrichment Corp. United States Enrichment Corporation, a subsidiary of Centrus Oak Ridge Technology and Manufacturing Center in Oak Ridge, Tennessee Paducah GDP Paducah Gaseous Diffusion Plant, an enrichment plant in Paducah, Kentucky formerly operated by Enrichment Corp. Piketon Production facility in Piketon, Ohio Portsmouth GDP Portsmouth Gaseous Diffusion Plant, an enrichment plant near Portsmouth, Ohio, formerly operated by Enrichment Corp. USEC-Government United States Enrichment Corporation, a wholly-owned government corporation prior to its privatization in July 1998 Other Terms and Abbreviations 2.25% Convertible Notes 2.25% Convertible Senior Notes maturing November 2030 unless repurchased, redeemed or converted. 2002 DOE-USEC Agreement June 17, 2002 agreement between Centrus (then known as USEC Inc.) and the DOE 2014 Plan The Company's 2014 Equity Incentive Plan 2019 Plan The Company's 2019 Executive Incentive Plan 5B Cylinders Storage cylinders for HALEU UF 6 8.25% Notes 8.25% Notes, maturing February 2027 American Centrifuge Advanced uranium enrichment gas centrifuge technology previously developed, based on the proven workable U.S. centrifuge technology developed by DOE in the mid-1980s and utilized in a demonstration facility in 2012-2013 American Centrifuge Plant Refers to a demonstration facility in Piketon, Ohio where USEC planned to install a lead cascade of centrifuge machines to demonstrate the American Centrifuge technology under the terms of the 2002 DOE-USEC Agreement Annual Meeting The Company's annual meeting of shareholders A

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION This Annual Report on Form 10-K of Centrus (the "Company," "we" or "us") contains "forward-looking statements" within the meaning of Section 21E of the Exchange Act of 1934 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 Annual Report on Form 10-K 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. The factors that could cause actual results to differ materially from the forward-looking statements made by us include those factors discussed herein, including those factors discussed in (a) Part I, Item 1A. Risk Factors , (b) Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations, (c) Part II, Item 8. Financial Statements and Supplementary Data : Note 17, Commitments and Contingencies , and (d) other factors discussed in the Company's filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this Annual Report. The Company does not undertake any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances that may arise after the date of this Annual Report on Form 10-K unless required by law.

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