Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

19. QUARTERLY FINANCIAL DATA (Unaudited)

The following table summarizes quarterly and annual results of operations (in millions, except per share data):


	March 31, 2011			June 30, 2011			Sept. 30, 2011			Dec. 31, 2011			Year 2011			March 31, 2010			June 30, 2010			Sept. 30, 2010			Dec. 31, 2010			Year 2010
Revenue	$	380.5		$	454.4		$	374.5		$	462.4		$	1,671.8		$	344.7		$	459.7		$	564.6		$	666.4		$	2,035.4
Cost of sales		366.6			421.2			347.6			452.2			1,587.6			318.0			415.6			526.6			616.8			1,877.0
Gross profit		13.9			33.2			26.9			10.2			84.2			26.7			44.1			38.0			49.6			158.4
Advanced technology costs		26.7			33.5	(a)		26.0			187.0	(b)		273.2			25.7			26.0			28.6			29.9			110.2
Selling, general and administrative		15.5			16.7			15.6			14.3			62.1			15.1			14.3			14.0			15.5			58.9
Other (income)		(3.7	)		-			-			-			(3.7	)		(9.7	)		(10.3	)		(12.4	)		(12.0	)		(44.4	)
Operating income (loss)		(24.6	)		(17.0	)		(14.7	)		(191.1	)		(247.4	)		(4.4	)		14.1			7.8			16.2			33.7
Preferred stock issuance costs		-			-			-			-			-			-			-			4.8			1.8			6.6
Interest expense		-			0.1			0.2			11.3			11.6			-			0.1			0.3			0.2			0.6
Interest (income)		(0.2	)		(0.1	)		(0.1	)		(0.1	)		(0.5	)		(0.1	)		(0.1	)		(0.2	)		-			(0.4	)
Income (loss) before income taxes		(24.4	)		(17.0	)		(14.8	)		(202.3	)		(258.5	)		(4.3	)		14.1			2.9			14.2			26.9
Provision (benefit) for income taxes		(7.8	)		4.2			(7.9	)		293.7	(c)		282.2			5.4			6.9			1.9			5.2			19.4
Net income (loss)	$	(16.6	)	$	(21.2	)	$	(6.9	)	$	(496.0	)	$	(540.7	)	$	(9.7	)	$	7.2		$	1.0		$	9.0		$	7.5
Net income (loss) per share – basic	$	(.14	)	$	(.18	)	$	(.06	)	$	(4.09	)	$	(4.48	)	$	(.09	)	$	.06		$	.01		$	.08		$	.07
Net income (loss) per share – diluted	$	(.14	)	$	(.18	)	$	(.06	)	$	(4.09	)	$	(4.48	)	$	(.09	)	$	.04		$	.01		$	.05		$	.05
Weighted average number of shares outstanding:
Basic		119.6			121.1			121.3			121.3			120.8			111.7			112.9			113.2			113.2			112.8
Diluted		119.6			121.1			121.3			121.3			120.8			111.7			161.4			166.4			177.6			166.6

(a)	Includes expense of $9.6 million of previously capitalized construction work in progress expensed due to irreparable damage during lead cascade operations.

(b)

Includes expense of $127.1 million of previously capitalized construction work in progress consisting of centrifuge machines determined to no longer be compatible with the commercial plant design for the American Centrifuge Plant ("ACP"). In addition, USEC expensed $9.9 million of previously capitalized prepayments made to an ACP supplier for materials that will not be purchased prior to expiration of the contract. See Notes 4 and 16 for further details related to the American Centrifuge program.

(c)	Includes an increase to the valuation allowance against net deferred taxes of $369.1 million. See Note 12.

The calculation of net income per share and average number of shares outstanding on a dilutive basis for the years ended December 31, 2011, 2010 and 2009 is provided in Note 14. No dilutive effect is recognized in periods in which a net loss has occurred.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details