Segment Information

12 Months Ended

Dec. 31, 2021

Segment Reporting Information, Revenue for Reportable Segment [Abstract]

Segment Information

REVENUE BY GEOGRAPHIC AREA, MAJOR CUSTOMERS AND SEGMENT INFORMATION

Revenue by customer location, including customers in a foreign country representing 10% or more of total revenue, follows (in millions):

	Year Ended December 31,
	2021		2020
United States	$	220.5	$	171.7
Foreign:
Belgium	36.6		35.8
Japan	34.6		23.4
Other	6.6		16.3
Total foreign	77.8		75.5
Total revenue	$	298.3	$	247.2
* less than 10%

The U.S. government and its contractors, in the Company’s technical solutions segment, represented approximately 38% of total revenue in 2021 and 21% in 2020.

The ten largest customers in the Company’s LEU segment represented approximately 57% of total revenue in 2021. Revenue from each of Synatom and Kyushu Electric Power Company represented approximately 12% of total revenue in 2021.

In 2020, the ten largest customers in the Company’s LEU segment represented approximately 71% of total revenue in 2020. Revenue from Synatom, Energy Harbor Nuclear Corp. and Dominion Energy South Carolina represented approximately 14%, 13% and 10%, respectively, of total revenue in 2020.

No other customer represented more than 10% of total revenue in 2021 or 2020.

Centrus has two reportable segments: the LEU segment with two components, SWU and uranium, and the technical solutions 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 technical solutions segment includes revenue and cost of sales for work that Centrus performs under the HALEU Contract. The technical solutions segment also includes limited services provided by Centrus to DOE and its contractors at the Piketon facility. Gross profit is Centrus’ measure for segment reporting. There were no intersegment sales in the periods presented.

The following table presents the Company’s segment information (in millions):

	Year Ended  December 31,
	2021		2020
Revenue
LEU segment:
Separative work units	$	163.3	$	151.5
Uranium	22.8		39.0
Total	186.1		190.5
Technical solutions segment	112.2		56.7
Total revenue	$	298.3	$	247.2
Segment Gross Profit (Loss)
LEU segment	$	73.0	$	97.8
Technical solutions segment	41.5		(0.2)
Gross profit	$	114.5	$	97.6

The Company’s total assets are not presented for each reportable segment as they are not reviewed by, nor otherwise regularly provided to, the chief operating decision maker. Centrus’ long-term or long-lived assets, which include property, plant and equipment and other assets reported on the consolidated balance sheet, were located in the United States as of December 31, 2021, and December 31, 2020.