Last10K.com

Suncoke Energy, Inc. (SXC) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

SEC Filings

Suncoke Energy, Inc.

CIK: 1514705 Ticker: SXC

Exhibit 99.1

 

LOGO

Investors and Media:

Shantanu Agrawal

(630) 824-1907

SUNCOKE ENERGY, INC. ANNOUNCES FULL-YEAR 2019 RESULTS AND PROVIDES GUIDANCE FOR 2020

 

   

Net loss attributable to SXC was $152.3 million, or $1.98 per share, for the full-year 2019, which included previously announced non-cash impairment related charges at Logistics, net of taxes, of $174.4 million. Excluding these non-cash charges, Adjusted Net Income Attributable to SXC was $22.1 million, or $0.29 per share; Net loss attributable to SXC was $1.4 million, or $0.02 per share in the fourth quarter 2019

 

   

Full-year 2019 consolidated Adjusted EBITDA was $247.9 million which was within our revised guidance range of $240 million to $250 million; fourth quarter Adjusted EBITDA was $50.8 million

 

   

Operating cash flow was $181.9 million for the full-year 2019, above our revised guidance of $150 million to $160 million

 

   

Full-year 2020 consolidated Adjusted EBITDA is expected to be $235 million to $245 million

LISLE, Ill. (January 29, 2020) - SunCoke Energy, Inc. (NYSE: SXC) (the “Company”) today reported fourth quarter and full-year 2019 results, reflecting continued strong operating performance from our Domestic Coke business.

“In 2019, we simplified our corporate structure to build financial flexibility and made major strides in enhancing performance and efficiency within our core domestic cokemaking operations, leading to strong results for the year and a solid foundation from which to drive momentum into 2020,” said Mike Rippey, President and Chief Executive Officer of SunCoke Energy, Inc. “Despite the customer challenges within our Logistics segment, we delivered robust cash flows and aggressively pursued a balanced yet opportunistic approach to capital allocation in 2019 and set the stage for continued progress on our capital allocation priorities in 2020.”

Looking forward, the Company expects 2020 consolidated Adjusted EBITDA to be between $235 million and $245 million, driven by continued improvement in our cokemaking business, partially offset by the challenges faced by our coal export customers in our logistics business.

Rippey continued, “As we move forward in 2020, we will remain focused on executing against our objectives of improved safety performance and operational excellence. Additionally, we will work towards development of new business opportunities for our Logistics segment and navigating through the upcoming coke contract renewal negotiations. We are committed to positioning the Company for sustained success and delivering significant value to SunCoke stakeholders.”


The following information was filed by Suncoke Energy, Inc. (SXC) on Wednesday, January 29, 2020 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.

View differences made from one year to another to evaluate Suncoke Energy, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Suncoke Energy, Inc..

Continue

Assess how Suncoke Energy, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Suncoke Energy, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
Legal
Other
Filter Subcategory:
All
Earnings
Expense
Product
Cash Flow
Geography
Shares
Income
Other
Inside Suncoke Energy, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
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 Divestitures
Acquisitions And Divestitures (Divestiture Of India Equity Method Investment) (Details)
Acquisitions And Divestitures (Divestiture Of Preferred Investment In Brazilian Cokemaking Operations) (Details)
Acquisitions And Divestitures (Non-Cash (Decreases) Increases Related To The Simplification Transaction) (Details)
Acquisitions And Divestitures (Schedule Of Non-Controlling Interest) (Details)
Acquisitions And Divestitures (Simplification Transaction Narrative) (Details)
Acquisitions And Divestitures (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 - Narrative (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 (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 (2025 Senior Notes) (Details)
Debt And Financing Obligation (Covenants) (Details)
Debt And Financing Obligation (Financing Obligation) (Details)
Debt And Financing Obligation (Partnership Revolver) (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)
General And Basis Of Presentation
General And Basis Of Presentation (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Goodwill Narrative) (Details)
Goodwill And Other Intangible Assets (Gross And Net Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Intangible Assets Narrative) (Details)
Goodwill And Other Intangible Assets (Schedule Of Future Amortization Expense) (Details)
Goodwill And Other Intangible Assets (Schedule Of Goodwill) (Details)
Goodwill And Other Intangible Assets (Tables)
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)
Leases
Leases (Tables)
Leases - Lease Expense (Details)
Leases - Maturities (Details)
Leases - Maturities, Prior Guidance (Details)
Leases - Narrative (Details)
Leases - Supplemental Balance Sheet Information (Details)
Leases - Supplemental Cash Flow Information (Details)
Leases - Weighted Average (Details)
Properties, Plants And Equipment, Net (Tables)
Properties, Plants, And Equipment, Net
Properties, Plants, And Equipment, Net (Components) (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 (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)
Revenue From Contracts With Customers
Revenue From Contracts With Customers - Disaggregated Sales And Other Operating Revenue (Details)
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Deferred Revenue (Details)
Revenue From Contracts With Customers - Narrative (Details)
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 - Accounting Pronouncements (Details)
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: 0001514705-20-000003
Submitted to the SEC: Thu Feb 20 2020 4:44:54 PM EST
Accepted by the SEC: Thu Feb 20 2020
Period: Tuesday, December 31, 2019
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/sxc/0001514705-20-000003.htm