XML 74 R11.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Condensed Debtor-in-Possession Financial Information Condensed Debtor-in-Possession Financial Information (Notes) | 6 Months Ended
--- | ---
Jun. 30, 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.
Debtor's Condensed Balance Sheet (millions) |
| June 30, 2014
ASSETS |
Current Assets |
Cash and cash equivalents | $ | 7.4 |
Accounts receivable, net | 7.1 |
Inventories | 0.2 |
Other current assets | 11.0 |
Total current assets | 25.7 |
Property, plant and equipment, net | 1.5 |
Deposits for surety bonds | 29.4 |
Investment in non-filing entities | 484.9 |
Total Assets | $ | 541.5 |
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) |  |
Current Liabilities |  |
Accounts payable and accrued liabilities | $ | 21.6 |
Borrowings under the DIP Facility | 11.5 |
Total current liabilities | 33.1 |
Pension benefit liabilities | 26.0 |
Other long-term liabilities | 24.5 |
Liabilities subject to compromise | 994.1 |
Total Liabilities | 1,077.7 |
Stockholders’ Equity (Deficit) | (536.2 | )
Total Liabilities and Stockholders’ Equity (Deficit) | $ | 541.5 |
Components of liabilities subject to compromise follow (in millions):
| June 30, 2014
Accounts payable and accrued liabilities | $ | 1.5 |
Convertible senior notes and accrued interest | 542.8 |
Convertible preferred stock and paid-in-kind dividends payable | 113.9 |
Intercompany services payable | 207.7 |
Intercompany loan payable | 128.2 |
Liabilities subject to compromise | $ | 994.1 |
Debtor's Condensed Statement of Operations and Comprehensive (Loss) (millions) |  |
| Three Months Ended June 30, 2014 |  | Six Months Ended June 30, 2014
Contract services revenue | $ | 13.9 |  |  | $ | 13.9 |
Contract services cost of sales | 12.6 |  |  | 12.6 |
Gross profit | 1.3 |  |  | 1.3 |
Advanced technology costs | 18.0 |  |  | 51.3 |
Selling, general and administrative | 9.6 |  |  | 20.6 |
Special charge for workforce reductions | 1.4 |  |  | 1.4 |
Other (income) expense, net | (7.2 | ) |  | (33.7 | )
Intercompany cost recovery | (3.7 | ) |  | (17.2 | )
Operating (loss) | (16.8 | ) |  | (21.1 | )
Interest expense | 6.5 |  |  | 14.0 |
Reorganization items, net | 4.7 |  |  | 13.1 |
Equity in earnings (loss) of non-filing entities | (0.1 | ) |  | (31.7 | )
(Loss) from continuing operations before income taxes | (28.1 | ) |  | (79.9 | )
Provision (benefit) for income taxes | (0.1 | ) |  | (1.1 | )
Net (loss) | $ | (28.0 | ) |  | $ | (78.8 | )
Other comprehensive income, net of tax | — |  |  | — |
Comprehensive (loss) | $ | (28.0 | ) |  | $ | (78.8 | )
Debtor's Condensed Statement of Cash Flows (millions)
| Six Months Ended June 30, 2014
Cash Flows from Operating Activities |
Net (loss) | $ | (78.8 | )
Adjustments to reconcile net (loss) to net cash (used in) operating activities | 61.8 |
Net Cash (Used in) Operating Activities | (17.0 | )
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 | 42.3 |
Repayments of debtor-in-possession credit facility | (30.8 | )
Proceeds from intercompany loan | 52.3 |
Repayments of intercompany loan | (44.6 | )
Common stock issued (purchased), net | (0.1 | )
Net Cash Provided by Financing Activities | 19.1 |
Net Increase | 2.1 |
Cash and Cash Equivalents at Beginning of Period | 5.3 |
Cash and Cash Equivalents at End of Period | $ | 7.4 |

X
- Details
Name: | usu_CondensedDebtorinPossessionFinancialInformationAbstract
Namespace Prefix: | usu_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Condensed Debtor-in-Possession Financial Information [Text Block] + References No definition available. + Details
Name: | usu_CondensedDebtorinPossessionFinancialInformationTextBlock
Namespace Prefix: | usu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration