XML 24 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net income (loss) $ (6.1) $ 7.2
Adjustments to reconcile net income (loss) to net cash (used in) operating activities:    
Depreciation and amortization 1.3 1.3
Provision for Loss on Contracts Utilized 0.0 (5.6)
Deferred tax assets (2.1) 2.2
Equity related compensation 0.2 1.2
Revaluation of inventory borrowing 0.3 2.1
Other Operating Activities, Cash Flow Statement 0.1 0.0
Changes in operating assets and liabilities:    
Accounts receivable – (increase) decrease 29.5 5.3
Inventories – (increase) decrease 27.2 22.3
Increase Decrease in Inventories Owed to Suppliers (62.7) (43.6)
Increase (Decrease) in Prepaid Expenses, Other (0.8) 15.1
Accounts payable and other liabilities – increase (decrease) (5.1) (4.2)
Payables under SWU purchase agreements – increase (decrease) 25.7 (11.1)
Deferred revenue, net of deferred costs – increase (decrease) 0.4 0.1
Pension and postretirement liabilities - increase (decrease) (2.6) (0.7)
Other, net 0.0 (1.3)
Net Cash (Used in) Operating Activities 5.3 (9.7)
Cash Flows Provided by Investing Activities    
Capital expenditures (1.5) (0.3)
Net Cash Provided by (Used in) Investing Activities (1.5) (0.3)
Cash Flows Used in Financing Activities    
Proceeds from the sale of common stock, net 7.1 22.0
Payment of interest classified as debt (3.1) (3.1)
Exercise of stock options 0.4 0.0
Net Cash (Used in) Financing Activities 4.4 18.9
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (0.1) 0.0
Decrease in cash, cash equivalents and restricted cash 8.1 8.9
Cash, cash equivalents and restricted cash, start of period 233.8 212.4
Cash, cash equivalents and restricted cash, end of period 241.9 221.3
Property, plant and equipment included in accounts payable and accrued liabilities [Member]    
Supplemental Cash Flow Information:    
Other Significant Noncash Transaction, Value of Consideration Given (0.1) 0.0
Adjustment to Right of Use Lease due to Modification [Domain]    
Supplemental Cash Flow Information:    
Other Significant Noncash Transaction, Value of Consideration Given 0.0 (4.2)
Equity issuance costs included in accounts payable and accrued liabilities [Member]    
Supplemental Cash Flow Information:    
Other Significant Noncash Transaction, Value of Consideration Given (0.3) 0.0
Shares withheld for employee taxes [Member]    
Supplemental Cash Flow Information:    
Other Significant Noncash Transaction, Value of Consideration Given 0.0 (1.9)
Common Stock Issuance Proceeds in Accounts Receivable [Domain]    
Supplemental Cash Flow Information:    
Other Significant Noncash Transaction, Value of Consideration Received $ 0.0 $ 1.2