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Segment Information
 6 Months Ended
Jun. 30, 2012
Segment Information  
Segment Information
 
13. SEGMENT INFORMATION
 
USEC has two reportable segments:  the LEU segment with two components, SWU and uranium, and the contract services segment.  The LEU segment is USEC's primary business focus and includes sales of the SWU component of LEU, sales of both the SWU and uranium components of LEU, and sales of uranium. The contract services segment includes nuclear energy services and technologies provided by NAC International Inc. as well as work performed for DOE and DOE contractors at the Portsmouth site and the Paducah GDP.  Gross profit is USEC's measure for segment reporting. Intersegment sales were less than $0.1 million in each period presented below and have been eliminated in consolidation.

   
Three Months Ended
  June 30,
    
Six Months Ended
 June 30,
  
   
2012
    
2011
    
2012
    
2011
  
   
(millions)
  
Revenue
                        
LEU segment:
                        
Separative work units
  $ 347.2     $ 330.3     $ 885.1     $ 638.8  
Uranium
    3.6       67.8       3.6       81.8  
      350.8       398.1       888.7       720.6  
Contract services segment
    14.0       56.3       37.6       114.3  
    $ 364.8     $ 454.4     $ 926.3     $ 834.9  
                                 
Segment Gross Profit
                                
LEU segment
  $ 10.4     $ 29.5     $ 47.1     $ 44.8  
Contract services segment
    1.9       3.7       4.0       2.3  
Gross profit
    12.3       33.2       51.1       47.1  
Advanced technology costs
    85.7       33.5       122.5       60.2  
Selling, general and administrative
    14.8       16.7       29.7       32.2  
Special charge for workforce reductions and advisory costs 
     3.2       -       9.6       -  
Other (income) (a)
    (10.0 )     -       (10.0 )     (3.7 )
Operating (loss)
    (81.4 )     (17.0 )     (100.7 )     (41.6 )
Interest expense (income), net
    12.6       -       25.2       (0.2 )
(Loss) before income taxes
  $ (94.0 )   $ (17.0 )   $ (125.9 )   $ (41.4 )


(a)  
Other income in the three and six months ended June 30, 2012 consists of pro-rata cost sharing support from DOE of $10.0 million for partial funding of American Centrifuge activities. See Note 5.

Other income in the six months ended June 30, 2011 includes a gain on debt extinguishment of $3.1 million in connection with USEC's exchange with a noteholder whereby USEC received convertible notes with a principal amount of $45 million in exchange for 6,952,500 shares of common stock and cash for accrued but unpaid interest on the convertible notes.