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Suncoke Energy, Inc. (SXC) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Suncoke Energy, Inc.

CIK: 1514705 Ticker: SXC

Exhibit 99.1

 

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Investors and Media:

Jonathan Lock & Ryan Rendino

(630) 824-1907

SUNCOKE ENERGY, INC. ANNOUNCES FULL-YEAR 2017 RESULTS AT TOP END OF GUIDANCE RANGE

AND PROVIDES GUIDANCE FOR FURTHER IMPROVEMENT IN 2018

 

    Net income attributable to SXC was $122.4 million, or $1.88 per share, in full-year 2017 and $134.0 million, or $2.05 per share, in fourth quarter 2017, driven primarily by tax benefits of approximately $125 million, or $1.91 per share, associated with the recently passed tax legislation

 

    Operating cash flow was $148.5 million in full-year 2017, above our guidance of $128 million to $143 million; operating cash flow was $20.2 million in fourth quarter 2017

 

    Full-year 2017 consolidated Adjusted EBITDA increased $17.7 million, or 8.2%, to $234.7 million, and finished at the top end of our guidance range of $220 million to $235 million

 

    Fourth quarter Adjusted EBITDA was $69.5 million, reflecting record volumes at CMT and the recognition of $16.4 million of deferred revenue on take-or-pay contracts

 

    Full-year 2018 consolidated Adjusted EBITDA guidance of $240 million to $255 million

LISLE, Ill. (January 31, 2018) - SunCoke Energy, Inc. (NYSE: SXC) today reported fourth quarter and full-year 2017 results, reflecting improved operating performance and tax benefits associated with recently passed legislation.

“A solid fourth quarter contributed to SunCoke’s success in delivering full-year Adjusted EBITDA at the top end of our guidance range, and again illustrated the strength of our coke and logistics businesses,” said Mike Rippey, President and Chief Executive Officer of SunCoke Energy, Inc. “In 2017, our teams delivered strong operating results, which included our successful efforts to diversify CMT’s customer and product base, optimized our capital structure and remained disciplined in deploying SunCoke capital.”

Looking forward, the Company expects 2018 consolidated Adjusted EBITDA to be between $240 million and $255 million, reflecting improvement at Indiana Harbor and higher logistics volumes.

Rippey continued, “As we move into 2018, we will remain focused on operations excellence, including the rebuild initiative at our Indiana Harbor facility and our continued efforts to secure new business at CMT. In doing so, I am confident that we can again execute against our objectives and deliver value to SunCoke shareholders.”


The following information was filed by Suncoke Energy, Inc. (SXC) on Wednesday, January 31, 2018 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 Suncoke Energy, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (parenthetical)
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Equity
Consolidated Statements Of Equity (parenthetical)
Consolidated Statements Of Operations
Accrued Liabilities
Accrued Liabilities (details)
Accrued Liabilities (tables)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (tables)
Accumulated Other Comprehensive Loss Reclassification Adjustments From Aoci (details)
Acquisitions And Dropdown Transactions
Acquisitions And Dropdown Transactions (acquisition Of Partnership Common Units) (details)
Acquisitions And Dropdown Transactions (convent Marine Terminal Acquisition Narrative) (details)
Acquisitions And Dropdown Transactions (convent Marine Terminal Acquisition Pro Forma Information) (details)
Acquisitions And Dropdown Transactions (granite City Dropdowns Effects Of Changes In Company's Ownership) (details)
Acquisitions And Dropdown Transactions (granite City Dropdowns Narrative) (details)
Acquisitions And Dropdown Transactions (tables)
Asset Retirement Obligations
Asset Retirement Obligations (details)
Asset Retirement Obligations (tables)
Business Segment Information
Business Segment Information (tables)
Business Segment Information - Adjusted Ebitda (details)
Business Segment Information - Adjusted Ebitda (footnote) (details)
Business Segment Information - Narrative (details)
Business Segment Information - Sales And Other Operating Revenue By Product Or Service (details)
Business Segment Information - Segment Assets (details)
Business Segment Information - Segment Profit Or Loss (details)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (black Lung Benefit Liabilities) (details)
Commitments And Contingent Liabilities (lease Obligations) (details)
Commitments And Contingent Liabilities (legal Matters) (details)
Commitments And Contingent Liabilities (tables)
Customer Concentrations
Customer Concentrations (narrative) (details)
Customer Concentrations (sales And Receivables To Significant Customers) (details)
Customer Concentrations (tables)
Debt And Financing Obligation
Debt And Financing Obligation (covenants) (details)
Debt And Financing Obligation (issuance Of 2025 Partnership Senior Notes (details)
Debt And Financing Obligation (partnership Financing Obligation) (details)
Debt And Financing Obligation (partnership Revolver) (details)
Debt And Financing Obligation (purchase, Redemption And Repayment Of Partnership Debt) (details)
Debt And Financing Obligation (redemption Of 2019 Notes) (details)
Debt And Financing Obligation (revolving Facility) (details)
Debt And Financing Obligation (schedule Of Debt) (details)
Debt And Financing Obligation (schedule Of Long-term Debt Maturity) (details)
Debt And Financing Obligation (tables)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Antidilutive Shares Excluded From Eps Calculation (details)
Earnings Per Share - Weighted Average Number Of Shares (details)
Fair Value Measurements
Fair Value Measurements (certain Financial Assets And Liabilities Not Measured At Fair Value) (details)
Fair Value Measurements (financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (details)
Fair Value Measurements (non-financial Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis) (details)
General And Basis Of Presentation
General And Basis Of Presentation (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (tables)
Goodwill And Other Intangible Assets - Goodwill (details)
Goodwill And Other Intangible Assets - Gross And Net Intangible Assets (details)
Goodwill And Other Intangible Assets - Narrative (details)
Goodwill And Other Intangible Assets - Schedule Of Future Amortization Expense (details)
Income Taxes
Income Taxes (components Of Income From Operations) (details)
Income Taxes (components Of Income Tax Expense) (details)
Income Taxes (components Of Net Deferred Tax Liability) (details)
Income Taxes (narrative) (details)
Income Taxes (reconciliation Of Income Tax Expense To Us Statutory Rate) (details)
Income Taxes (tables)
Inventories
Inventories (details)
Inventories (tables)
Properties, Plants And Equipment, Net (tables)
Properties, Plants, And Equipment, Net
Properties, Plants, And Equipment, Net (components) (details)
Properties, Plants, And Equipment, Net (narrative) (details)
Retirement Benefits Plans
Retirement Benefits Plans (amounts Recognized As Components Of Other Comprehensive (loss) Income) (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 (discount Rate) (details)
Retirement Benefits Plans (expected Benefit Payments) (details)
Retirement Benefits Plans (narrative) (details)
Retirement Benefits Plans (postretirement Benefit Plans (benefit) Expense Components) (details)
Retirement Benefits Plans (tables)
Selected Quarterly Data (unaudited)
Selected Quarterly Data (unaudited) (details)
Selected Quarterly Data (unaudited) (tables)
Share-based Compensation
Share-based Compensation (assumptions Used To Calculate Value Of Stock Options) (details)
Share-based Compensation (compensation Expense And Unrecognized Compensation Costs) (details)
Share-based Compensation (equity Classified Awards Narrative) (details)
Share-based Compensation (liability Classified Awards Narrative) (details)
Share-based Compensation (restricted Stock Units And Performance Share Units Granted) (details)
Share-based Compensation (stock Option And Performance Share Units Grants) (details)
Share-based Compensation (summary Of Rsus And Psus Outstanding) (details)
Share-based Compensation (summary Of Share-based Compensation Expense Narrative) (details)
Share-based Compensation (summary Of Stock Option Activity) (details)
Share-based Compensation (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Supplemental Condensed Combining And Consolidating Financial Information
Supplemental Condensed Combining And Consolidating Financial Information -narrative (details)
Supplemental Condensed Combining And Consolidating Financial Information (tables)
Supplemental Condensed Combining And Consolidating Financial Information - Condensed Consolidating Balance Sheet (details)
Supplemental Condensed Combining And Consolidating Financial Information - Condensed Consolidating Statement Of Cash Flows (details)
Supplemental Condensed Combining And Consolidating Financial Information - Condensed Consolidating Statement Of Operations (details)
Ticker: SXC
CIK: 1514705
Form Type: 10-K Annual Report
Accession Number: 0001514705-18-000003
Submitted to the SEC: Thu Feb 15 2018 5:02:57 PM EST
Accepted by the SEC: Thu Feb 15 2018
Period: Sunday, December 31, 2017
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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