v3.25.4
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Operating Results by Segment
Information about our Segments:
 Year Ended December 31,
 202520242023
 (In thousands)
REVENUES:
Government Operations$2,350,090 $2,183,040 $2,031,337 
Commercial Operations853,070 523,972 466,344 
Eliminations(4,735)(3,358)(1,372)
$3,198,425 $2,703,654 $2,496,309 
SEGMENT EXPENSES:
Government Operations:
Research and Development Costs$8,360 $6,306 $6,459 
Losses (Gains) on Asset Disposals and Impairments, Net(4,973)2,462 1,043 
Other Segment Expenses (1)
2,024,680 1,852,328 1,699,960 
2,028,067 1,861,096 1,707,462 
Commercial Operations:
Research and Development Costs$5,507 $1,172 $1,154 
Losses (Gains) on Asset Disposals and Impairments, Net1 57 (9)
Other Segment Expenses (1)
792,102 475,927 427,667 
797,610 477,156 428,812 
Total Segment Expenses$2,825,677 $2,338,252 $2,136,274 
OPERATING INCOME:
Government Operations$394,850 $377,875 $374,682 
Commercial Operations57,728 46,816 37,532 
452,578 424,691 412,214 
Unallocated Corporate (2)
(48,119)(44,084)(29,155)
Total Operating Income (3)
$404,459 $380,607 $383,059 
Other Income (Expense)(6,339)(31,887)(61,659)
Income before Provision for Income Taxes$398,120 $348,720 $321,400 
(1)Other segment expenses include the total cost of operations and selling, general and administrative expenses.
(2)Unallocated Corporate includes general corporate overhead not allocated to segments in addition to losses on asset disposals and impairments, net. In the years ended December 31, 2025, 2024 and 2023, Unallocated Corporate includes losses (gains) on asset disposals and impairments, net of $0.0 million, $1.9 million and $0.0 million, respectively.
(3)The following amounts are included in Operating Income:
Equity in Income of Investees:
Government Operations$72,642 $55,931 $50,807 
Commercial Operations2,269 — — 
$74,911 $55,931 $50,807 
 Year Ended December 31,
 202520242023
 (In thousands)
CAPITAL EXPENDITURES:
Government Operations$98,445 $81,063 $91,699 
Commercial Operations77,081 62,773 53,358 
Segment Capital Expenditures175,526 143,836 145,057 
Corporate Capital Expenditures9,031 9,811 6,229 
Total Capital Expenditures$184,557 $153,647 $151,286 
DEPRECIATION AND AMORTIZATION:
Government Operations$75,202 $61,027 $53,388 
Commercial Operations26,801 17,708 17,745 
Segment Depreciation and Amortization102,003 78,735 71,133 
Corporate Depreciation and Amortization7,183 7,127 7,433 
Total Depreciation and Amortization$109,186 $85,862 $78,566 
Schedule of Revenue Information from Products and Service Lines
Information about our Product and Service Lines:
 Year Ended December 31,
 202520242023
 (In thousands)
REVENUES:
Government Operations:
Nuclear Components and Fuel$1,796,395 $1,692,218 $1,610,183 
Uranium Processing and Nuclear Services406,557 287,014 276,690 
Advanced Reactor Design and Engineering147,138 203,808 144,464 
2,350,090 2,183,040 2,031,337 
Commercial Operations:
Nuclear Manufacturing429,223 288,772 231,944 
Nuclear Services and Engineering423,847 235,200 234,400 
853,070 523,972 466,344 
Eliminations(4,735)(3,358)(1,372)
$3,198,425 $2,703,654 $2,496,309 
Schedule of Property, Plant and Equipment, Net by Geographical Area
Information about our Consolidated Operations in Different Geographic Areas:
December 31,
202520242023
(In thousands)
NET PROPERTY, PLANT AND EQUIPMENT:
United States$870,374 $813,352 $784,062 
Canada701,723 462,593 442,755 
All Other Countries13,039 2,216 1,703 
$1,585,136 $1,278,161 $1,228,520 
See Note 3 for revenues by geographic area for each of our segments.