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Condensed Debtor-in-Possession Financial Information Condensed Debtor-in-Possession Financial Information (Notes) | 3 Months Ended
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Mar. 31, 2014
Condensed Debtor-in-Possession Financial Information [Abstract] |
Condensed Debtor-in-Possession Financial Information [Text Block] | CONDENSED DEBTOR-IN-POSSESSION FINANCIAL INFORMATION The financial statements below represent the unconsolidated condensed financial statements of the Debtor, USEC Inc. excluding subsidiaries. The statement of operations begins with operating expenses since USEC Inc. does not have revenue-generating activities.
Debtor's Condensed Balance Sheet (millions) |
| March 31, 2014
ASSETS |
Current Assets |
Cash and cash equivalents | $ | 13.9 |
Accounts receivable, net | 17.4 |
Inventories | 0.2 |
Receivable from non-filing entity | 2.5 |
Other current assets | 11.3 |
Total current assets | 45.3 |
Property, plant and equipment, net | 1.6 |
Deposits for surety bonds | 29.4 |
Investment in non-filing entities | 484.8 |
Total Assets | $ | 561.1 |
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) |  |
Current Liabilities |  |
Accounts payable and accrued liabilities | $ | 18.0 |
Total current liabilities | 18.0 |
Pension benefit liabilities | 26.2 |
Other long-term liabilities | 24.6 |
Liabilities subject to compromise | 1,000.8 |
Total Liabilities | 1,069.6 |
Stockholders’ Equity (Deficit) | (508.5 | )
Total Liabilities and Stockholders’ Equity (Deficit) | $ | 561.1 |
Components of liabilities subject to compromise follow (in millions):
| March 31, 2014
Accounts payable and accrued liabilities | $ | 1.5 |
Convertible senior notes and accrued interest | 538.2 |
Convertible preferred stock and paid-in-kind dividends payable | 113.9 |
Intercompany services payable | 203.1 |
Intercompany loan payable | 144.1 |
Liabilities subject to compromise | $ | 1,000.8 |
Debtor's Condensed Statement of Operations and Comprehensive (Loss) (millions)
| Three Months Ended March 31, 2014
Gross profit (loss) | $ | — |
Advanced technology costs | 33.3 |
Selling, general and administrative | 11.0 |
Other (income) expense, net | (26.5 | )
Intercompany cost recovery | (13.5 | )
Operating (loss) | (4.3 | )
Interest expense | 7.5 |
Reorganization items, net | 8.4 |
Equity in earnings (loss) of non-filing entities | (31.6 | )
(Loss) from continuing operations before income taxes | (51.8 | )
Provision (benefit) for income taxes | (1.0 | )
Net (loss) | $ | (50.8 | )
Other comprehensive income, net of tax | — |
Comprehensive income (loss) | $ | (50.8 | )
Debtor's Condensed Statement of Cash Flows (millions)
| Three Months Ended March 31, 2014
Cash Flows from Operating Activities |
Net (loss) | $ | (50.8 | )
Adjustments to reconcile net (loss) to net cash (used in) operating activities | 35.8 |
Net Cash (Used in) Operating Activities | (15.0 | )
Cash Flows Provided by Investing Activities |  |
Net Cash Provided by Investing Activities | — |
Cash Flows Provided by Financing Activities |  |
Proceeds from debtor-in-possession credit facility | 3.0 |
Repayments of debtor-in-possession credit facility | (3.0 | )
Proceeds from intercompany loan | 50.7 |
Repayments of intercompany loan | (27.1 | )
Net Cash Provided by Financing Activities | 23.6 |
Net Increase | 8.6 |
Cash and Cash Equivalents at Beginning of Period | 5.3 |
Cash and Cash Equivalents at End of Period | $ | 13.9 |

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