2023 Q1 Form 10-K Financial Statement

#000151470523000003 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $487.8M $514.0M $1.973B
YoY Change 10.91% 40.71% 35.47%
Cost Of Revenue $402.0M $441.7M $1.605B
YoY Change 18.93% 52.89% 43.69%
Gross Profit $85.80M $72.30M $367.6M
YoY Change -15.72% -5.37% 8.4%
Gross Profit Margin 17.59% 14.07% 18.64%
Selling, General & Admin $18.80M $13.50M $71.40M
YoY Change 4.44% 0.0% 15.53%
% of Gross Profit 21.91% 18.67% 19.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.30M $35.80M $142.5M
YoY Change 0.28% 2.58% 6.42%
% of Gross Profit 41.14% 49.52% 38.76%
Operating Expenses $18.80M $49.30M $71.40M
YoY Change 4.44% 1.86% 15.53%
Operating Profit $31.70M $23.00M $153.7M
YoY Change -34.77% -17.86% 8.62%
Interest Expense $7.200M -$7.700M $32.00M
YoY Change -10.0% 0.0% -24.71%
% of Operating Profit 22.71% -33.48% 20.82%
Other Income/Expense, Net
YoY Change
Pretax Income $24.50M $15.30M $121.7M
YoY Change -39.66% -24.63% 81.37%
Income Tax $6.800M $2.500M $16.80M
% Of Pretax Income 27.76% 16.34% 13.8%
Net Earnings $16.30M $11.80M $100.7M
YoY Change -44.75% -7.09% 132.03%
Net Earnings / Revenue 3.34% 2.3% 5.11%
Basic Earnings Per Share $0.19 $1.20
Diluted Earnings Per Share $0.19 $0.14 $1.19
COMMON SHARES
Basic Shares Outstanding 83.41M shares 83.40M shares 83.80M shares
Diluted Shares Outstanding 84.90M shares 84.60M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $83.30M $90.00M $90.00M
YoY Change 4.52% 41.07% 41.07%
Cash & Equivalents $83.30M $90.00M $90.00M
Short-Term Investments
Other Short-Term Assets $10.50M $4.000M $4.000M
YoY Change 5.0% 14.29% 14.29%
Inventory $234.8M $175.2M $175.2M
Prepaid Expenses
Receivables $81.20M $104.8M $104.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $409.8M $374.0M $374.0M
YoY Change 6.91% 37.55% 37.55%
LONG-TERM ASSETS
Property, Plant & Equipment $1.208B $1.229B $1.229B
YoY Change -4.6% -4.55% -5.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $19.00M $18.10M $18.10M
YoY Change -12.04% -11.27% 141.33%
Total Long-Term Assets $1.260B $1.281B $1.281B
YoY Change -4.76% -4.68% -4.68%
TOTAL ASSETS
Total Short-Term Assets $409.8M $374.0M $374.0M
Total Long-Term Assets $1.260B $1.281B $1.281B
Total Assets $1.669B $1.655B $1.655B
YoY Change -2.13% 2.43% 2.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $172.7M $159.3M $159.3M
YoY Change 2.74% 26.43% 26.43%
Accrued Expenses $45.60M $61.40M $61.40M
YoY Change -6.75% 17.18% 15.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.400M $3.300M $3.300M
YoY Change 6.25% 3.13% 3.13%
Total Short-Term Liabilities $231.8M $224.0M $224.0M
YoY Change 0.7% 22.94% 22.94%
LONG-TERM LIABILITIES
Long-Term Debt $528.4M $528.9M $528.9M
YoY Change -15.46% -13.35% -13.35%
Other Long-Term Liabilities $23.50M $24.70M $106.7M
YoY Change 4.91% -8.86% -9.88%
Total Long-Term Liabilities $551.9M $553.6M $635.6M
YoY Change -14.75% -13.16% -12.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $231.8M $224.0M $224.0M
Total Long-Term Liabilities $551.9M $553.6M $635.6M
Total Liabilities $1.041B $1.032B $1.069B
YoY Change -8.99% -4.45% -4.32%
SHAREHOLDERS EQUITY
Retained Earnings $63.00M $53.50M
YoY Change 6200.0% -328.63%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $593.5M $585.6M $585.6M
YoY Change
Total Liabilities & Shareholders Equity $1.669B $1.655B $1.655B
YoY Change -2.13% 2.43% 2.43%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $16.30M $11.80M $100.7M
YoY Change -44.75% -7.09% 132.03%
Depreciation, Depletion And Amortization $35.30M $35.80M $142.5M
YoY Change 0.28% 2.58% 6.42%
Cash From Operating Activities $30.20M $88.30M $208.9M
YoY Change 33.04% 79.84% -10.38%
INVESTING ACTIVITIES
Capital Expenditures $22.60M $19.80M $75.50M
YoY Change 75.19% -142.58% -23.43%
Acquisitions
YoY Change
Other Investing Activities -$300.0K $1.700M -$5.300M
YoY Change -400.0% -342.86% -857.14%
Cash From Investing Activities -$22.30M -$18.10M -$70.20M
YoY Change 71.54% -61.65% -29.31%
FINANCING ACTIVITIES
Cash Dividend Paid $6.700M $23.60M
YoY Change 34.0% 17.41%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -$14.60M -39.50M -$112.5M
YoY Change -335.48% -641.1% -4.98%
NET CHANGE
Cash From Operating Activities $30.20M 88.30M $208.9M
Cash From Investing Activities -$22.30M -18.10M -$70.20M
Cash From Financing Activities -$14.60M -39.50M -$112.5M
Net Change In Cash -$6.700M 30.70M $26.20M
YoY Change -142.14% 233.7% 70.13%
FREE CASH FLOW
Cash From Operating Activities $30.20M $88.30M $208.9M
Capital Expenditures $22.60M $19.80M $75.50M
Free Cash Flow $7.600M $68.50M $133.4M
YoY Change -22.45% -28.35% -0.82%

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CY2022 sxc Coke Production Experience
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CY2022 sxc Coal Handling Capacity
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CY2022 sxc Coal Storage Capacity
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CY2022 us-gaap Use Of Estimates
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<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual amounts could differ from these estimates.</span></div>
CY2022Q4 sxc Number Of Primary Customers
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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P5Y10M24D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
2400000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2700000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
600000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3900000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2400000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2200000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2100000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1500000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1200000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
2500000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
11900000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1400000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10500000 usd
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-600000 usd
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1000000.0 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
400000 usd
CY2022 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
600000 usd
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-3100000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3700000 usd
CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-500000 usd
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-400000 usd
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-100000 usd
CY2022 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-100000 usd
CY2021 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-100000 usd
CY2020 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
0 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83800000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83000000.0 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83000000.0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84600000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83700000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83200000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1600000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2500000 shares
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3700000 shares
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
471900000 usd
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
625100000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
543800000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
627000000 usd
CY2022 sxc Revenue Number Of Coke Sales Agreements With Fixed Operating Costs
RevenueNumberOfCokeSalesAgreementsWithFixedOperatingCosts
3 agreement
CY2022 sxc Revenue Number Of Coke Sales Agreements With Operating Costs Passed Through To Customers
RevenueNumberOfCokeSalesAgreementsWithOperatingCostsPassedThroughToCustomers
4 agreement
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1972500000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1456000000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1333000000 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1972500000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1456000000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1333000000 usd
CY2022 sxc Adjusted Ebitda
AdjustedEBITDA
297700000 usd
CY2021 sxc Adjusted Ebitda
AdjustedEBITDA
275400000 usd
CY2020 sxc Adjusted Ebitda
AdjustedEBITDA
205900000 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
142500000 usd
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
133900000 usd
CY2020 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
133700000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
75500000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
98600000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73900000 usd
CY2022Q4 sxc Assets Excluding Income Tax Receivable
AssetsExcludingIncomeTaxReceivable
1654600000 usd
CY2021Q4 sxc Assets Excluding Income Tax Receivable
AssetsExcludingIncomeTaxReceivable
1615400000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
100700000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
43400000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
3700000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4200000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5400000 usd
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5100000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
104900000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
48800000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
8800000 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
142500000 usd
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
133900000 usd
CY2020 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
133700000 usd
CY2022 us-gaap Interest Expense
InterestExpense
32000000.0 usd
CY2021 us-gaap Interest Expense
InterestExpense
42500000 usd
CY2020 us-gaap Interest Expense
InterestExpense
56300000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-31900000 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5700000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16800000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18300000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10300000 usd
CY2022 us-gaap Restructuring Costs
RestructuringCosts
0 usd
CY2021 us-gaap Restructuring Costs
RestructuringCosts
0 usd
CY2020 us-gaap Restructuring Costs
RestructuringCosts
2500000 usd
CY2022 sxc Equity Method Investment Transaction Costs
EquityMethodInvestmentTransactionCosts
1500000 usd
CY2021 sxc Equity Method Investment Transaction Costs
EquityMethodInvestmentTransactionCosts
0 usd
CY2020 sxc Equity Method Investment Transaction Costs
EquityMethodInvestmentTransactionCosts
0 usd
CY2022 sxc Adjusted Ebitda
AdjustedEBITDA
297700000 usd
CY2021 sxc Adjusted Ebitda
AdjustedEBITDA
275400000 usd
CY2020 sxc Adjusted Ebitda
AdjustedEBITDA
205900000 usd
CY2022 sxc Adjusted Ebitda Portion Attributableto Noncontrolling Interests
AdjustedEBITDAPortionAttributabletoNoncontrollingInterests
8400000 usd
CY2021 sxc Adjusted Ebitda Portion Attributableto Noncontrolling Interests
AdjustedEBITDAPortionAttributabletoNoncontrollingInterests
9300000 usd
CY2020 sxc Adjusted Ebitda Portion Attributableto Noncontrolling Interests
AdjustedEBITDAPortionAttributabletoNoncontrollingInterests
9100000 usd
CY2022 sxc Adjusted Ebitda Excluding Portion Attributableto Noncontrolling Interests
AdjustedEBITDAExcludingPortionAttributabletoNoncontrollingInterests
289300000 usd
CY2021 sxc Adjusted Ebitda Excluding Portion Attributableto Noncontrolling Interests
AdjustedEBITDAExcludingPortionAttributabletoNoncontrollingInterests
266100000 usd
CY2020 sxc Adjusted Ebitda Excluding Portion Attributableto Noncontrolling Interests
AdjustedEBITDAExcludingPortionAttributabletoNoncontrollingInterests
196800000 usd
CY2022 dei Auditor Firm
AuditorFirmId
185

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