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Suncoke Energy, Inc. (SXC) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

SEC Filings

SXC Annual Reports

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 2021 RESULTS AND

PROVIDES FULL-YEAR 2022 GUIDANCE

 

   

Net income attributable to SXC was $43.4 million, or $0.52 per share, for the full-year 2021; Net income attributable to SXC was $12.7 million, or $0.15 per share, in the fourth quarter 2021

 

   

Full-year 2021 consolidated Adjusted EBITDA was $275.4 million, representing record-setting full year performance; Fourth quarter Adjusted EBITDA was $62.9 million

 

   

Operating cash flow was $233.1 million for the full-year 2021, above our revised guidance of $209 million to $224 million

 

   

Signed a 5 year take-or-pay coke contract with Algoma Steel beginning in 2022; average sales volume of 150,000 tons per year

 

   

Full-year 2022 consolidated Adjusted EBITDA is expected to be $240 million to $255 million

LISLE, Ill. (February 1, 2022) - SunCoke Energy, Inc. (NYSE: SXC) (the “Company” or “SunCoke”) today reported fourth quarter and full-year 2021 results, reflecting record-setting performance from our cokemaking and logistics businesses.

“In 2021, we further demonstrated our operational and technical expertise by meaningfully expanding into the foundry and export coke markets and ensuring, our best-in-class assets continue to run at full capacity. With the backdrop of strong commodity markets and robust demand for our products and services, we delivered the highest Adjusted EBITDA results in the history of SunCoke.” said Mike Rippey, President and Chief Executive Officer of SunCoke Energy, Inc. “We also successfully refinanced the company’s debt, significantly reducing the cost of debt and extending debt maturities.”

Looking forward, the Company expects 2022 consolidated Adjusted EBITDA to be between $240 million and $255 million, driven by our Domestic Coke plants continuing to operate at full capacity.

Rippey continued, “As we enter 2022, we remain focused on executing against our objectives of world-class safety performance, operational excellence and balanced capital allocation. We delivered robust cash flows and made significant progress towards our capital allocation objectives in 2021, setting the stage for continued progress on our capital allocation priorities in 2022. Additionally, we will continue to work towards strengthening customer relationships in both cokemaking and logistics businesses. We are confident that we will execute against our objectives and deliver significant value to SunCoke stakeholders.”


The following information was filed by Suncoke Energy, Inc. (SXC) on Tuesday, February 1, 2022 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

Audit Information
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 (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 (Covenants) (Details)
Debt And Financing Obligations (Financing Obligation) (Details)
Debt And Financing Obligations (Issuance Of 2029 Senior Notes) (Details)
Debt And Financing Obligations (Purchase And Redemption Of 2025 Senior Notes) (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)
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)
Intangible Assets
Intangible Assets ( Narrative) (Details)
Intangible Assets (Gross And Net Intangible Assets) (Details)
Intangible Assets (Schedule Of Future Amortization Expense) (Details)
Intangible Assets (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 (Tables)
Properties, Plants, And Equipment
Properties, Plants, And Equipment (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)
Ticker: SXC
CIK: 1514705
Form Type: 10-K Annual Report
Accession Number: 0001514705-22-000004
Submitted to the SEC: Thu Feb 24 2022 3:28:20 PM EST
Accepted by the SEC: Thu Feb 24 2022
Period: Friday, December 31, 2021
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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