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v3.25.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Operating Results by Segment | An analysis of our operations by reportable segment is as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (In thousands)
REVENUES: |  |  |  |  |  |  |  |
Government Operations |  | $ | 588,959 |  |  | $ | 540,846 |  |  | $ | 1,144,246 |  |  | $ | 1,027,967 |
Commercial Operations |  | 176,139 |  |  | 141,491 |  |  | 304,449 |  |  | 258,529 |
Eliminations |  | (1,059) |  |  | (872) |  |  | (2,398) |  |  | (1,065) |
|  | $ | 764,039 |  |  | $ | 681,465 |  |  | $ | 1,446,297 |  |  | $ | 1,285,431 |
SEGMENT EXPENSES: |  |  |  |  |  |  |  |
Government Operations |  |  |  |  |  |  |  |
Research and Development Costs |  | $ | 1,924 |  |  | $ | 1,156 |  |  | $ | 3,375 |  |  | $ | 2,603 |
(Gains) Losses on Asset Disposals and Impairments, Net |  | — |  |  | (2) |  |  | (4,431) |  |  | $ | (2) |
Other Segment Expenses (1) |  | 495,979 |  |  | 458,756 |  |  | 973,088 |  |  | $ | 871,947 |
|  | 497,903 |  |  | 459,910 |  |  | $ | 972,032 |  |  | $ | 874,548 |
Commercial Operations |  |  |  |  |  |  |  |
Research and Development Costs |  | 2,641 |  |  | 115 |  |  | 3,203 |  |  | $ | 158 |
(Gains) Losses on Asset Disposals and Impairments, Net |  | 13 |  |  | (2) |  |  | 13 |  |  | $ | (2) |
Other Segment Expenses (1) |  | 166,792 |  |  | 124,749 |  |  | 288,074 |  |  | $ | 233,154 |
|  | 169,446 |  |  | 124,862 |  |  | 291,290 |  |  | $ | 233,310 |
Total Segment Expenses |  | $ | 667,349 |  |  | $ | 584,772 |  |  | $ | 1,263,322 |  |  | $ | 1,107,858 |
OPERATING INCOME |  |  |  |  |  |  |  |
Government Operations |  | $ | 109,417 |  |  | $ | 92,520 |  |  | $ | 207,163 |  |  | $ | 178,206 |
Commercial Operations |  | 6,877 |  |  | 16,628 |  |  | 13,342 |  |  | 25,219 |
|  | 116,294 |  |  | 109,148 |  |  | $ | 220,505 |  |  | $ | 203,425 |
Unallocated Corporate (2) |  | (13,870) |  |  | (10,342) |  |  | (21,451) |  |  | (11,658) |
Total Operating Income (3) |  | $ | 102,424 |  |  | $ | 98,806 |  |  | $ | 199,054 |  |  | $ | 191,767 |
Other Income (Expense) |  | (4,665) |  |  | (7,177) |  |  | (9,478) |  |  | (11,761) |
Income before Provision for Income Taxes |  | $ | 97,759 |  |  | $ | 91,629 |  |  | $ | 189,576 |  |  | $ | 180,006 |
(1)Other segment expenses include the total cost of operations and selling, general, and administrative expenses. (2)Unallocated Corporate includes general corporate overhead not allocated to segments in addition to losses on asset disposals and impairments, net. (3)The following amounts are included in Operating Income:
Equity in Income of Investees: |  |  |  |  |  |  |  |
Government Operations |  | $ | 18,362 |  |  | $ | 11,584 |  |  | $ | 34,950 |  |  | $ | 24,787 |
Commercial Operations |  | 183 |  |  | — |  |  | 183 |  |  | — |
|  | $ | 18,545 |  |  | $ | 11,584 |  |  | $ | 35,133 |  |  | $ | 24,787 |
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (In thousands) |  | (In thousands)
CAPITAL EXPENDITURES: |  |  |  |  |  |  |  |
Government Operations |  | $ | 15,770 |  |  | $ | 14,378 |  |  | $ | 34,270 |  |  | $ | 30,584 |
Commercial Operations |  | 16,701 |  |  | 13,555 |  |  | $ | 29,910 |  |  | $ | 29,080 |
Segment Capital Expenditures |  | $ | 32,471 |  |  | $ | 27,933 |  |  | $ | 64,180 |  |  | $ | 59,664 |
Corporate Capital Expenditures |  | 258 |  |  | (173) |  |  | $ | 1,918 |  |  | $ | 1,162 |
Total Capital Expenditures |  | $ | 32,729 |  |  | $ | 27,760 |  |  | $ | 66,098 |  |  | $ | 60,826 |
DEPRECIATION AND AMORTIZATION: |  |  |  |  |  |  |  |
Government Operations |  | $ | 19,222 |  |  | $ | 15,430 |  |  | $ | 37,318 |  |  | $ | 29,664 |
Commercial Operations |  | 6,243 |  |  | 4,397 |  |  | $ | 10,262 |  |  | $ | 8,841 |
Segment Depreciation and Amortization |  | $ | 25,465 |  |  | $ | 19,827 |  |  | $ | 47,580 |  |  | $ | 38,505 |
Corporate Depreciation and Amortization |  | 1,794 |  |  | 1,781 |  |  | $ | 3,591 |  |  | $ | 3,655 |
Total Depreciation and Amortization |  | $ | 27,259 |  |  | $ | 21,608 |  |  | $ | 51,171 |  |  | $ | 42,160 |
Revenue from External Customers by Products and Services | Information about our Product and Service Lines:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (In thousands) |  | (In thousands)
REVENUES: |  |  |  |  |  |  |  |
Government Operations: |  |  |  |  |  |  |  |
Nuclear Components and Fuel |  | $ | 428,552 |  |  | $ | 422,023 |  |  | $ | 869,631 |  |  | $ | 796,278 |
Uranium Processing and Nuclear Services |  | 121,690 |  |  | 67,215 |  |  | $ | 204,855 |  |  | $ | 133,628 |
Advanced Reactor Design and Engineering |  | 38,717 |  |  | 51,608 |  |  | $ | 69,760 |  |  | $ | 98,061 |
|  | $ | 588,959 |  |  | $ | 540,846 |  |  | $ | 1,144,246 |  |  | $ | 1,027,967 |
Commercial Operations: |  |  |  |  |  |  |  |
Nuclear Manufacturing |  | $ | 104,775 |  |  | $ | 70,591 |  |  | $ | 190,985 |  |  | $ | 131,529 |
Nuclear Services and Engineering |  | 71,364 |  |  | 70,900 |  |  | $ | 113,464 |  |  | $ | 127,000 |
|  | $ | 176,139 |  |  | $ | 141,491 |  |  | $ | 304,449 |  |  | $ | 258,529 |
Eliminations |  | (1,059) |  |  | (872) |  |  | (2,398) |  |  | (1,065) |
|  | $ | 764,039 |  |  | $ | 681,465 |  |  | $ | 1,446,297 |  |  | $ | 1,285,431 |
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country | Information about our Consolidated Operations in Different Geographic Areas:
|  | June 30, 2025 |  | December 31, 2024
|  | (In thousands)
NET PROPERTY, PLANT AND EQUIPMENT: |  |  |  |
United States |  | $ | 835,486 |  |  | $ | 813,352 |
Canada |  | 690,443 |  |  | 462,593 |
All Other Countries |  | 11,842 |  |  | 2,216 |
|  | $ | 1,537,771 |  |  | $ | 1,278,161 |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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