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Suncoke Energy, Inc. (SXC) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

SEC Filings

Suncoke Energy, Inc.

CIK: 1514705 Ticker: SXC

Exhibit 99.1

 

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Kyle Bland: 630-824-1907

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SUNCOKE ENERGY, INC. ANNOUNCES FOURTH QUARTER

AND FULL-YEAR 2015 RESULTS

 

    Net income attributable to shareholders in fourth quarter 2015 was $19.0 million, or $0.30 per share, up $84.5 million versus the prior year period primarily due to a debt extinguishment gain in the current period and the lapping of Coal Mining and India impairment charges recognized in fourth quarter 2014

 

    Adjusted EBITDA increased $2.4 million to $54.3 million in fourth quarter 2015, reflecting the benefit from the Convent Marine Terminal (“CMT”) acquisition offset largely by Indiana Harbor underperformance, the impact from Haverhill Chemicals and timing of coke sales

 

    Full-year 2015 Consolidated Adjusted EBITDA of $185.8 million in line with our revised 2015 guidance range of $180 million to $190 million

LISLE, Ill. (January 28, 2016) - SunCoke Energy, Inc. (NYSE: SXC) today reported fourth quarter net income attributable to SXC of $19.0 million, or $0.30 per share. Full-year 2015 net loss attributable to SXC was $22.0 million, or $0.34 per share, an improvement of $104.1 million versus the same prior year period primarily due to impairment charges on our Coal Mining and India Coke segments taken during the second and fourth quarters of 2014.

“While 2015 was a challenging year across the steel and coal industries, we achieved our revised financial guidance and remain confident in our underlying business model and the value we provide to each of our customers,” said Fritz Henderson, President, Chairman and Chief Executive Officer of SunCoke Energy, Inc. “In 2015, we expanded our Coal Logistics platform, implemented a more holistic approach to stabilizing Indiana Harbor, further streamlined our corporate overhead and executed our capital allocation strategy.”

Looking forward, we expect 2016 Consolidated Adjusted EBITDA to be between $210 million and $235 million. This outlook reflects our view for sustained performance in our Domestic Coke and Coal Logistics businesses coupled with the full-year benefit of the Convent acquisition and improvement at our Indiana Harbor facility.

Henderson continued, “We will continue to work tirelessly towards managing through the current market conditions and executing against our 2016 objectives.”

 

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The following information was filed by Suncoke Energy, Inc. (SXC) on Thursday, January 28, 2016 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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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 Comprehensive (loss) Income
Consolidated Statements Of Comprehensive (loss) Income (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
Acquisitions (tables)
Acquisitions - Covent Marine Terminal (details)
Acquisitions - Kanawha River Terminal Llc (details)
Acquisitions - Suncoke Lake Terminal Llc (details)
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 Textual)
Business Segment Information (tables)
Business Segment Information - Adjusted Ebitda And Segment Assets (details)
Business Segment Information - Reconciliation Of Adjusted Ebitda To Net Income (details)
Business Segment Information - Sales And Other Operating Revenue By Product Or Service (details)
Business Segment Information - Total Legacy Costs (details)
Coal Mining Update
Coal Mining Update Textuals (details)
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)
Customer Concentrations (tables)
Customer Concentrations - Sales To Significant Customers (details)
Debt
Debt (details Textual)
Debt (details)
Debt (tables)
Debt Debt - Schedule Of Long-term Debt Maturity (details)
Earnings Per Share
Earnings Per Share (details Textual)
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 (details)
General And Basis Of Presentation
General And Basis Of Presentation (details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (details Textual)
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 - Schedule Of Future Amortization Expense (details)
Income Taxes
Income Taxes (details Textual)
Income Taxes (tables)
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 Reconciliation Of Income Tax Expense To Us Statutory Rate (details)
Inventories
Inventories (details)
Inventories (tables)
Investment In Visa Suncoke
Investment In Visa Suncoke (details Textual)
Partnership Initial Public Offering And Dropdown Transactions
Partnership Initial Public Offering And Dropdown Transactions (tables)
Partnership Initial Public Offering And Dropdown Transactions - Effects Of Changes In Company's Ownership (details)
Partnership Initial Public Offering And Dropdown Transactions - Granite City Dropdowns (details)
Partnership Initial Public Offering And Dropdown Transactions - Haverhill And Middletown Dropdown (details)
Partnership Initial Public Offering And Dropdown Transactions - Initial Public Offering (details)
Partnership Unit Repurchase Program And Equity Distribution Agreement
Partnership Unit Repurchase Program And Equity Distribution Agreement (details)
Properties, Plants And Equipment, Net (details Textual)
Properties, Plants And Equipment, Net (tables)
Properties, Plants, And Equipment, Net
Properties, Plants, And Equipment, Net - Components (details)
Related Party Transactions
Related Party Transactions (details)
Restructuring
Restructuring (details)
Restructuring (tables)
Restructuring - Restructuring Reserve (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 (details Textual)
Retirement Benefits Plans (discount Rate) (details)
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)
Selected Quarterly Data (unaudited) (tables)
Share-based Compensation
Share-based Compensation (details Textual)
Share-based Compensation (tables)
Share-based Compensation - Assumptions Used To Calculate Value Of Stock Options (details)
Share-based Compensation - Summary Of Rsus And Psus Outstanding (details)
Share-based Compensation - Summary Of Stock Option Activity (details)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies - Property, Plants And Equipment (details)
Supplemental Condensed Consolidating Financial Information
Supplemental Condensed Consolidating Financial Information (details Textual)
Supplemental Condensed Consolidating Financial Information (tables)
Supplemental Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheet (details)
Supplemental Condensed Consolidating Financial Information - Condensed Consolidating Statement Of Cash Flows (details)
Supplemental Condensed Consolidating Financial Information - Condensed Consolidating Statement Of Operations (details)
Ticker: SXC
CIK: 1514705
Form Type: 10-K Annual Report
Accession Number: 0001628280-16-011369
Submitted to the SEC: Thu Feb 18 2016 5:01:08 PM EST
Accepted by the SEC: Thu Feb 18 2016
Period: Thursday, December 31, 2015
Industry: Steel Works Blast Furnaces And Rolling Mills Coke Ovens

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