Deferred Revenue and Advances From Customers

12 Months Ended

Dec. 31, 2012

Deferred Revenue and Advances from Customers

Deferred Revenue and Advances From Customers

7. DEFERRED REVENUE AND ADVANCES FROM CUSTOMERS


	December 31,
	2012		2011
	(millions)
Deferred revenue	$	123.1	$	181.5
Advances from customers		2.4		23.7
	$	125.5	$	205.2

Deferred costs associated with deferred revenue	$	116.8	$	175.5

Advances from customers included $22.3 million as of December 31, 2011 for services to be provided to DOE or to be applied to existing receivables balances due from DOE in USEC's contract services segment. DOE funded this work through an arrangement whereby DOE transferred uranium to USEC between the fourth quarter of 2009 and the first quarter of 2011, which USEC immediately sold in the market. As of December 31, 2012, the remaining balance of $20.5 million is included in other long-term liabilities pending resolution of long-term receivables from DOE described in Note 5.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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