XML 67 R29.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information
12 Months Ended
Dec. 31, 2014
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Segment Information
REVENUE BY GEOGRAPHIC AREA, MAJOR CUSTOMERS AND SEGMENT INFORMATION

Revenue attributed to domestic and foreign customers, including customers in a foreign country representing 10% or more of total revenue (Japan in 2014), follows (in millions):
 
Successor
 
 
Predecessor
 
 
 
Predecessor
 
Three Mos. Ended Dec. 31, 2014
 
 
Nine Mos. Ended Sep. 30, 2014
 
2014 Combined
 
2013
United States
$
109.1

 
 
$
280.3

 
$
389.4

 
$
1,024.4

Foreign:
 
 
 
 
 
 
 
 
Japan
14.4

 
 
74.8

 
89.2

 
105.6

Other
0.1

 
 
35.4

 
35.5

 
177.5

 
14.5

 
 
110.2

 
124.7

 
283.1

Total revenue
$
123.6

 
 
$
390.5

 
$
514.1

 
$
1,307.5



In 2014, our 10 largest customers represented 95% of total revenue and our three largest customers represented 62% of total revenue. Revenue from the Tennessee Valley Authority, Entergy Corporation and the U.S. government represented approximately 31%, 18% and 13%, respectively, of total revenue in 2014. Revenue from Energy Northwest represented approximately 20% of total revenue in 2013. No other customer represented more than 10% of total revenue in 2014 or 2013.
        
Centrus has two reportable segments: the LEU segment with two components, SWU and uranium, and the contract services segment. The LEU segment 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 revenue and cost of sales for work that Centrus performs under the fixed-price ACTDO Agreement as a subcontractor to UT-Battelle. The contract services segment also includes limited services provided by Centrus to DOE and its contractors at the Portsmouth site related to facilities we continue to lease for the American Centrifuge Plant and formerly at the Paducah GDP. The contract services segment formerly included nuclear energy services and technologies provided by NAC International Inc. Refer to Note 23, Discontinued Operations, regarding the sale of NAC in March 2013 and results of operations for NAC. Gross profit is Centrus' measure for segment reporting. There were no intersegment sales in the periods presented.

 
Successor
 
 
Predecessor
 
 
 
Predecessor
 
Three Mos. Ended Dec. 31, 2014
 
 
Nine Mos. Ended Sep. 30, 2014
 
2014 Combined
 
2013
Revenue
 
 
 
 
 
 
 
 
LEU segment:
 
 
 
 
 
 
 
 
Separative work units
$
101.0

 
 
$
347.5

 
$
448.5

 
$
1,222.9

Uranium
0.8

 
 

 
0.8

 
71.2

 
101.8

 
 
347.5

 
449.3

 
1,294.1

Contract services segment
21.8

 
 
43.0

 
64.8

 
13.4

Revenue
$
123.6

 
 
$
390.5

 
$
514.1

 
$
1,307.5

 
 
 
 
 
 
 
 
 
Segment Gross Profit (Loss)
 
 
 
 
 
 
 
 
LEU segment
$
(17.8
)
 
 
$
(21.9
)
 
$
(39.7
)
 
$
(94.7
)
Contract services segment
(0.7
)
 
 
(0.9
)
 
(1.6
)
 
(0.2
)
Gross profit (loss)
$
(18.5
)
 
 
$
(22.8
)
 
$
(41.3
)
 
$
(94.9
)


 
Successor
 
 
Predecessor
(in millions)
December 31, 2014
 
 
December 31, 2013
 
 
 
 
 
Assets
 
 
 
 
LEU segment
$
1,141.2

 
 
$
1,646.0

Contract services segment
42.5

 
 
59.5

 
$
1,183.7

 
 
$
1,705.5



Centrus' long-term or long-lived assets include property, plant and equipment and other assets reported on the balance sheet at December 31, 2014, all of which were located in the United States.