Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

1. Information about our Segments:


OPERATING INCOME:
Government Operations	$	374,682	$	336,501	$	329,549
Commercial Operations	37,532		27,418		35,243
	$	412,214	$	363,919	$	364,792
Unallocated Corporate (1)	(29,155)		(15,348)		(18,944)
Total Operating Income (2)	$	383,059	$	348,571	$	345,848
Other Income (Expense)	(61,659)		(34,194)		49,865
Income before Provision for Income Taxes	$	321,400	$	314,377	$	395,713

(1)Unallocated Corporate includes general corporate overhead not allocated to segments.

(2)The following amounts are included in Operating Income:


Losses (Gains) on Asset Disposals and Impairments, Net:
Government Operations	$	1,043	$	(250)	$	(8)
Commercial Operations	(9)		6,233		(2,548)
Unallocated Corporate	—		(463)		(976)
	$	1,034	$	5,520	$	(3,532)
Equity in Income of Investees:
Government Operations	$	50,807	$	45,973	$	33,498
Commercial Operations	—		—		—
	$	50,807	$	45,973	$	33,498


	Year Ended December 31,
	2023		2022		2021
	(In thousands)
CAPITAL EXPENDITURES:
Government Operations	$	91,699	$	103,093	$	147,051
Commercial Operations	53,358		88,853		153,571
Segment Capital Expenditures	145,057		191,946		300,622
Corporate Capital Expenditures	6,229		6,366		10,430
Total Capital Expenditures	$	151,286	$	198,312	$	311,052
DEPRECIATION AND AMORTIZATION:
Government Operations	$	53,388	$	47,982	$	42,485
Commercial Operations	17,745		18,805		19,884
Segment Depreciation and Amortization	71,133		66,787		62,369
Corporate Depreciation and Amortization	7,433		7,055		6,711
Total Depreciation and Amortization	$	78,566	$	73,842	$	69,080


	December 31,
	2023		2022		2021
	(In thousands)
SEGMENT ASSETS:
Government Operations	$	1,515,264	$	1,498,472	$	1,430,863
Commercial Operations	1,077,628		1,005,545		976,382
Segment Assets	2,592,892		2,504,017		2,407,245
Corporate Assets	154,173		114,922		94,135
Total Assets	$	2,747,065	$	2,618,939	$	2,501,380
INVESTMENT IN UNCONSOLIDATED AFFILIATES:
Government Operations	$	88,608	$	100,198	$	85,284
Commercial Operations	—		—		—
Total Investment in Unconsolidated Affiliates	$	88,608	$	100,198	$	85,284

2. Information about our Product and Service Lines:


	Year Ended December 31,
	2023		2022		2021
	(In thousands)
REVENUES:
Government Operations:
Nuclear Components and Fuel	$	1,610,183	$	1,494,810	$	1,481,416
Uranium Processing and Nuclear Services	276,690		233,197		198,420
Advanced Reactor Design and Engineering	144,464		80,476		45,261
	2,031,337		1,808,483		1,725,097
Commercial Operations:
Nuclear Manufacturing	231,944		221,458		246,444
Nuclear Services and Engineering	234,400		205,900		160,638
	466,344		427,358		407,082
Eliminations	(1,372)		(3,007)		(8,105)
	$	2,496,309	$	2,232,834	$	2,124,074

3. Information about our Consolidated Operations in Different Geographic Areas:


	December 31,
	2023		2022		2021
	(In thousands)
NET PROPERTY, PLANT AND EQUIPMENT:
United States	$	784,062	$	743,767	$	698,772
Canada	442,755		389,490		346,868
United Kingdom	1,703		1,640		—
	$	1,228,520	$	1,134,897	$	1,045,640

See Note 3 for revenues by geographic area for each of our segments.