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Suncoke Energy, Inc. (SXC) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Suncoke Energy, Inc.

CIK: 1514705 Ticker: SXC

Exhibit 99.1

 

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Ryan Osterholm: 630-824-1907

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Anna Rozenich: 630-824-1945

SUNCOKE ENERGY, INC. REPORTS FOURTH QUARTER 2013 RESULTS

 

    Net income attributable to SunCoke Energy, Inc. (NYSE: SXC) shareholders declined in fourth quarter and full year 2013 primarily due to weakness in our Coal Mining segment, the attribution of income to SunCoke Energy Partners, L.P. (NYSE: SXCP) public holders and lower performance at our Indiana Harbor cokemaking operations

 

    Adjusted EBITDA was $59.7 million in fourth quarter 2013 and $215.1 million for full year 2013, a decline of $10.0 million and $50.6 million, respectively, reflecting lower performance in our Coal Mining segment and Indiana Harbor cokemaking facility

 

    Domestic Coke segment generated $56.5 million of Adjusted EBITDA in fourth quarter 2013 on sales of 1,047 thousand tons, resulting in Adjusted EBITDA per ton of $54. Full year 2013 Domestic Coke Adjusted EBITDA was $243.2 million on sales of 4,263 thousand tons for an Adjusted EBITDA per ton of $57

 

    Reaffirm 2014 Adjusted EBITDA and earnings per share of $230 million to $255 million and $0.35 to $0.60 per share, respectively, but expect first quarter 2014 will be challenged by impact on operations of severe weather in January

Lisle, IL (January 30, 2014) - SunCoke Energy, Inc. (NYSE: SXC) today reported fourth quarter 2013 net income attributable to shareholders of $11.0 million, or $0.16 per diluted share, down from $27.6 million, or $0.39 per diluted share, from fourth quarter 2012. Full year 2013 net income attributable to shareholders of $25.0 million, or $0.36 per diluted share, is down $73.8 million, or $1.04 per share, from prior year.

“Despite a weak fourth quarter, we achieved our 2013 earnings targets during a year that was challenging on many fronts,” said Fritz Henderson, Chairman and Chief Executive Officer of SunCoke Energy, Inc. “The same factors affected fourth quarter as affected the full year, including the current weak coal price environment and lower than expected results at our Indiana Harbor cokemaking facility due to the ongoing refurbishment effort. While these factors pressured results, there were several positives in the fourth quarter that we believe will continue into 2014, including sustained solid results across the rest of our cokemaking fleet, significantly lower per ton production costs in our coal mining business, the contribution of our new Coal Logistics segment and the benefit of our renewed contract at Indiana Harbor.”

Henderson continued, “Looking ahead, we are currently evaluating the potential of dropping down our entire domestic coke business into SXCP over time and assessing strategic options for our coal business. We are in the early stages of this analysis and plan to provide an update on these initiatives in March.”

 

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The following information was filed by Suncoke Energy, Inc. (SXC) on Thursday, January 30, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Combined And Consolidated Statements Of Cash Flows
Combined And Consolidated Statements Of Comprehensive Income
Combined And Consolidated Statements Of Comprehensive Income (parenthetical)
Combined And Consolidated Statements Of Equity
Combined And Consolidated Statements Of Equity (parenthetical)
Combined And Consolidated Statements Of Income
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Accrued Liabilities
Accrued Liabilities (details)
Accrued Liabilities (tables)
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income (loss) (details)
Accumulated Other Comprehensive Income (loss) (details1)
Accumulated Other Comprehensive Income (loss) (tables)
Acquisition
Acquisition (details Textual)
Acquisition (details)
Acquisition (tables)
Arrangement Between Sunoco And Suncoke Energy, Inc. (details)
Arrangements Between Sunoco And Suncoke Energy, Inc.
Asset Retirement Obligations
Asset Retirement Obligations (details)
Asset Retirement Obligations (tables)
Black Lung Benefit Obligations
Black Lung Benefit Obligations (details Textual)
Business Segment Information
Business Segment Information (details 1)
Business Segment Information (details 2)
Business Segment Information (details Textual)
Business Segment Information (details)
Business Segment Information (tables)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details Textual)
Commitments And Contingent Liabilities (details)
Commitments And Contingent Liabilities (tables)
Customer Concentrations
Customer Concentrations (details Textual)
Debt
Debt (details Textual)
Debt (details)
Debt (tables)
Earnings Per Share
Earnings Per Share (details Textual)
Earnings Per Share (details)
Earnings Per Share (tables)
Equity Method Investment
Equity Method Investment (details Textual)
Fair Value Measurements
Fair Value Measurements (details)
General
General (details)
Goodwill
Goodwill And Other Intangible Assets (details 1)
Goodwill And Other Intangible Assets (details Textual)
Goodwill And Other Intangible Assets (details)
Goodwill And Other Intangible Assets (tables)
Income Taxes
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details 5)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (details1)
Income Taxes (details2)
Income Taxes (tables)
Inventories
Inventories (details Textual)
Inventories (details)
Inventories (tables)
Noncontrolling Interests
Noncontrolling Interests (details Textual)
Properties, Plants And Equipment, Net (details Textual)
Properties, Plants And Equipment, Net (details)
Properties, Plants And Equipment, Net (tables)
Properties, Plants, And Equipment, Net
Related Party Transactions
Related Party Transactions (details Textual)
Related Party Transactions (details)
Related Party Transactions (tables)
Restructuring
Restructuring (details 1)
Restructuring (details)
Restructuring (tables)
Retirement Benefits Plans
Retirement Benefits Plans (amounts Recognized As Components Of Other Comprehensive (loss) Income) (details)
Retirement Benefits Plans (asset Allocations Attributable To The Defined Benefit Plan) (details)
Retirement Benefits Plans (assumptions Used To Determine Defined Benefit Plan And Postretirement Benefit Plans Expense (benefit) (details)
Retirement Benefits Plans (components Of The Changes In Benefit Obligations And Fair Value Of Plan Assets) (details)
Retirement Benefits Plans (cumulative Amounts Not Yet Recognized In Net Income) (details)
Retirement Benefits Plans (defined Benefit Plan Expense (benefit) Components) (details)
Retirement Benefits Plans (details 10)
Retirement Benefits Plans (details Textual)
Retirement Benefits Plans (expected Benefit Payments) (details)
Retirement Benefits Plans (plan Assets In The Funded Defined Benefit Plan Measured At Fair Value, By Input Level) (details)
Retirement Benefits Plans (postretirement Benefit Plans (benefit) Expense Components) (details)
Retirement Benefits Plans (tables)
Selected Quarterly Data (unaudited)
Selected Quarterly Data (unaudited) (details Textual)
Selected Quarterly Data (unaudited) (details)
Selected Quarterly Data (unaudited) (tables)
Share-based Compensation
Share-based Compensation (details 1)
Share-based Compensation (details 2)
Share-based Compensation (details Textual)
Share-based Compensation (details)
Share-based Compensation (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Supplemental Condensed Consolidating Financial Information
Supplemental Condensed Consolidating Financial Information (details 1)
Supplemental Condensed Consolidating Financial Information (details 2)
Supplemental Condensed Consolidating Financial Information (details Textual)
Supplemental Condensed Consolidating Financial Information (details)
Supplemental Condensed Consolidating Financial Information (tables)
Ticker: SXC
CIK: 1514705
Form Type: 10-K Annual Report
Accession Number: 0001445305-14-000685
Submitted to the SEC: Thu Feb 27 2014 7:47:34 PM EST
Accepted by the SEC: Fri Feb 28 2014
Period: Tuesday, December 31, 2013
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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