Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2023

Cash, Cash Equivalents and Restricted Cash [Abstract]

CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The following table summarizes the Company’s cash, cash equivalents and restricted cash as presented on the Consolidated Balance Sheets to amounts on the Consolidated Statements of Cash Flows (in millions):


	December 31,
	2023		2022
Cash and cash equivalents	$	201.2	$	179.9
Deposits for financial assurance - current (a)	0.2		0.2
Deposits for financial assurance - non current	32.4		32.3
Total cash, cash equivalents and restricted cash	$	233.8	$	212.4

(a) Deposits for financial assurance - current is included within Other Current Assets in the Consolidated Balance Sheets.

The Company has $6.8 million and $0 million denominated in euros as of December 31, 2023 and 2022, respectively, and recorded less than $0.1 million in transaction losses in each of the years ended December 31, 2023, 2022, and 2021.

The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):


	December 31, 2023				December 31, 2022
	Current		Long-Term		Current		Long-Term
Collateral for Inventory Loans	$	—	$	29.8	$	—	$	29.8
Workers Compensation	—		2.5		—		2.4
Other	0.2		0.1		0.2		0.1
Total deposits for financial assurance	$	0.2	$	32.4	$	0.2	$	32.3

The Company has provided financial assurance to states in which it was previously self-insured for workers’ compensation in accordance with each state’s requirements in the form of a surety bond or deposit that is fully cash collateralized by Centrus. Each surety bond or deposit is subject to reduction and/or cancellation, as each state determines that the likelihood of further workers’ compensation obligations related to the period of self-insurance. In March, May, and October 2022, the Company entered into three inventory loans which required a cash deposit into an escrow fund. Refer to Note 4, Inventories.