Cash, Cash Equivalents and Restricted Cash |
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| Cash, Cash Equivalents and Restricted Cash [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and Cash Equivalents Disclosure | CASH, CASH EQUIVALENTS AND RESTRICTED CASH The following table summarizes the Company’s cash, cash equivalents and restricted cash as presented on the Consolidated Balance Sheets to amounts on the Consolidated Statements of Cash Flows (in millions):
(a) Deposits for financial assurance - current is included within Other Current Assets in the Consolidated Balance Sheets. The Company has $0.1 million and $0.5 million denominated in euros as of December 31, 2025 and 2024, respectively, and recorded $0.1 million in transaction losses, $0.2 million in transaction gains, and less than $0.1 million in transaction losses in the year ended December 31, 2025, 2024, and 2023, respectively. The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):
In 2022, the Company entered into three inventory loans which required a cash deposit into an escrow fund (see Note 4, Inventories). In March 2025, the Company repaid two of the three inventory loans and, in May 2025, received $18.6 million of restricted cash which was released from escrow. In June 2025, the Company repaid the last of the three inventory loans and, in July 2025, received $11.2 million of restricted cash which was released from escrow (see Note 4, Inventories). The Company has provided financial assurance to states in which it was previously self-insured for workers’ compensation in accordance with each state’s requirements in the form of a surety bond or deposit that is fully cash collateralized by Centrus. Each surety bond or deposit is subject to reduction and/or cancellation, as each state determines that the likelihood of further workers’ compensation obligations related to the period of self-insurance.
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