LEU FY 2010 Earnings Report — Centrus Energy Corp. Revenue & Financial Results | Market Cap Arena

Centrus Energy Corp.LEU

FY 2010 Earnings

Reported February 24, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.0B	—	-0.1%
Op. Income	$34M	—	$94M	—	-64.2%
Gross Margin	7.8%	—	10.1%	—	-2.3pp
Net Margin	0.4%	—	2.9%	—	-2.5pp
EPS (Diluted)	$13.63	—	$100.87	—	-86.5%
Free Cash Flow	-$140M	—	$2M	—	-6752.4%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.9B
GROSS PROFIT	$158M
R&D Expenses	$110M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$59M
Other Expenses	$0
Operating Expenses	$169M
Cost & Expenses	$2.0B
OPERATING INCOME	$34M
Interest Income	$400.0K
Interest Expense	$600.0K
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$27M
Income Tax Expense	$19M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$43M
EBIT	$28M
EBITDA	$71M
EPS	$19
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.9B
GROSS PROFIT	$158M
R&D Expenses	$110M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$59M
Other Expenses	$0
Operating Expenses	$169M
Cost & Expenses	$2.0B
OPERATING INCOME	$34M
Interest Income	$400.0K
Interest Expense	$600.0K
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$27M
Income Tax Expense	$19M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$43M
EBIT	$28M
EBITDA	$71M
EPS	$19
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$43M
Stock-Based Compensation	$0
Deferred Income Tax	$44M
Other Non-Cash Items	-$36M
Change in Working Capital	-$37M
OPERATING CASH FLOW	$23M
Capital Expenditure	-$162M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$145M
Net Debt Issuance	$85M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$16M
NET CASH FROM FINANCING	$142M
FREE CASH FLOW	-$140M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$151M
Short-Term Investments	$0
Net Receivables	$309M
Inventory	$1.5B
Other Current Assets	$272M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$1.2B
Goodwill	$7M
Intangible Assets	$0
Long-Term Investments	$11M
Tax Assets	$205M
Other Non-Current Assets	$141M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$3.8B
Account Payables	$36M
Short-Term Debt	$0
Deferred Revenue	$179M
Other Current Liabilities	$917M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$738M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$528M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.5B
Common Stock	$12M
Additional Paid-In Capital	$1.2B
Retained Earnings	$330M
Treasury Stock	-$57M
Accum. Other Comp. Income	-$144M
Other Equity	-$78M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$660M
Net Debt	$509M