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Suncoke Energy, Inc. (SXC) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

SEC Filings

Suncoke Energy, Inc.

CIK: 1514705 Ticker: SXC

Exhibit 99.1

 

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Investors and Media:

Shantanu Agrawal

(630) 824-1907

SUNCOKE ENERGY, INC. ANNOUNCES STRONG 2020 RESULTS ABOVE EXPECTATIONS AND PROVIDES FULL-YEAR 2021 GUIDANCE

 

   

Net income attributable to SXC was $3.7 million, or $0.04 per share, for the full-year 2020; Net loss attributable to SXC was $5.0 million, or $0.06 per share, in the fourth quarter 2020

 

   

Full-year 2020 consolidated Adjusted EBITDA was $205.9 million, which was above our revised guidance range of $190 million to $200 million; fourth quarter Adjusted EBITDA was $37.0 million

 

   

Operating cash flow was $157.8 million for the full-year 2020, above our revised guidance of $116 million to $136 million

 

   

Full-year 2021 consolidated Adjusted EBITDA is expected to be $215 million to $230 million

LISLE, Ill. (February 4, 2021)—SunCoke Energy, Inc. (NYSE: SXC) (the “Company” or “Suncoke”) today reported fourth quarter and full-year 2020 results, reflecting strong and resilient performance from our cokemaking business during an unprecedented and challenging year.

“In 2020, while dealing with the challenges presented by the COVID-19 pandemic, our Domestic Coke fleet demonstrated excellent cost discipline and delivered extraordinary results despite running at sub-optimal levels. We extended expiring contracts with our customers in exchange for providing near-term coke supply relief, delivered robust cash flows and made significant progress towards our capital allocation objectives,” said Mike Rippey, President and Chief Executive Officer of SunCoke Energy, Inc. “We also implemented a company-wide cost-reduction initiative resulting in $10 million annualized savings and developed a new product line of foundry coke during this year, further positioning SunCoke for sustained success in the future.”

Looking forward, the Company expects 2021 consolidated Adjusted EBITDA to be between $215 million and $230 million, driven by our Domestic Coke plants operating at full capacity and higher volumes at Logistics.

Rippey continued, “As we move forward in 2021, we will remain focused on executing against our objectives of excellent safety performance, operational excellence and balanced capital allocation. Additionally, we will work towards further enhancing our customer contracts and providing stability to our coke operations. We will also continue our work to optimize CMT with additional products and customers. 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 Thursday, February 4, 2021 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

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 (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 Obligations
Debt And Financing Obligations (2025 Senior Notes) (Details)
Debt And Financing Obligations (Covenants) (Details)
Debt And Financing Obligations (Financing Obligation) (Details)
Debt And Financing Obligations (Revolving Facility) (Details)
Debt And Financing Obligations (Schedule Of Debt) (Details)
Debt And Financing Obligations (Schedule Of Long-Term Debt Maturity) (Details)
Debt And Financing Obligations (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 - 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 (Tables)
Revenue From Contracts With Customers - Disaggregated Sales And Other Operating Revenue (Details)
Revenue From Contracts With Customers - Narrative (Details)
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)
Summary Of Significant Accounting Policies - Accounting Pronouncements (Details)
Ticker: SXC
CIK: 1514705
Form Type: 10-K Annual Report
Accession Number: 0001514705-21-000003
Submitted to the SEC: Thu Feb 25 2021 1:53:48 PM EST
Accepted by the SEC: Thu Feb 25 2021
Period: Thursday, December 31, 2020
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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