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Business Segment Information | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Business Segment Information | 20. Business Segment Information The Company reports its business through three segments: Domestic Coke, Brazil Coke and Logistics. The Domestic Coke segment includes the Jewell, Indiana Harbor, Haverhill, Granite City and Middletown cokemaking facilities. Each of these facilities produces coke, and all facilities except Jewell recover waste heat, which is converted to steam or electricity through a similar production process. The Brazil Coke segment includes the licensing and operating fees payable to us under long-term contracts with ArcelorMittal Brazil, under which we operate a cokemaking facility located in Vitória, Brazil through at least 2023. Logistics operations are comprised of CMT, KRT, Lake Terminal, which provides services to our Indiana Harbor cokemaking facility, and DRT, which provides services to our Jewell cokemaking facility. Handling and mixing results are presented in the Logistics segment. Corporate expenses that can be identified with a segment have been included in determining segment results. The remainder is included in Corporate and Other. Corporate and Other also includes activity from our legacy coal mining business. Segment assets are those assets utilized within a specific segment and exclude taxes. The following table includes Adjusted EBITDA, which is the measure of segment profit or loss reported to the chief operating decision maker for purposes of allocating resources to the segments and assessing their performance:
|  | Years Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (Dollars in millions)
Sales and other operating revenue: |  |  |  |  |  |
Domestic Coke |  | $ | 1,265.4 |  |  | $ | 1,489.1 |  |  | $ | 1,308.3 |
Brazil Coke |  | 31.6 |  |  | 38.4 |  |  | 40.4 |
Logistics |  | 36.0 |  |  | 72.8 |  |  | 102.2 |
Logistics intersegment sales |  | 22.1 |  |  | 26.3 |  |  | 24.5 |
Elimination of intersegment sales |  | (22.1) |  |  | (26.3) |  |  | (24.5) |
Total sales and other operating revenue |  | $ | 1,333.0 |  |  | $ | 1,600.3 |  |  | $ | 1,450.9 |
Adjusted EBITDA: |  |  |  |  |  |
Domestic Coke |  | $ | 217.0 |  |  | $ | 226.7 |  |  | $ | 207.9 |
Brazil Coke |  | 13.5 |  |  | 16.0 |  |  | 18.4 |
Logistics |  | 17.3 |  |  | 42.6 |  |  | 72.6 |
Corporate and Other(1) |  | (41.9) |  |  | (37.4) |  |  | (35.7) |
Total Adjusted EBITDA |  | $ | 205.9 |  |  | $ | 247.9 |  |  | $ | 263.2 |
Depreciation and amortization expense: |  |  |  |  |  |
Domestic Coke |  | $ | 119.1 |  |  | $ | 120.5 |  |  | $ | 114.4 |
Brazil Coke |  | 0.5 |  |  | 0.6 |  |  | 0.7 |
Logistics |  | 12.8 |  |  | 21.4 |  |  | 25.1 |
Corporate and Other |  | 1.3 |  |  | 1.3 |  |  | 1.4 |
Total depreciation and amortization expense |  | $ | 133.7 |  |  | $ | 143.8 |  |  | $ | 141.6 |
Capital expenditures: |  |  |  |  |  |
Domestic Coke |  | $ | 60.0 |  |  | $ | 105.2 |  |  | $ | 94.9 |
Brazil Coke |  | 0.4 |  |  | 0.3 |  |  | 0.2 |
Logistics |  | 13.5 |  |  | 4.6 |  |  | 5.2 |
Total capital expenditures |  | $ | 73.9 |  |  | $ | 110.1 |  |  | $ | 100.3 |
(1)Corporate and Other includes the activity from our legacy coal mining business, which incurred Adjusted EBITDA losses of $13.2 million, $11.2 million, and $9.8 million for the years ended December 31, 2020, 2019 and 2018, respectively. Additionally, Corporate and Other includes foundry related research and development costs of $3.9 million during 2020. The following table sets forth the Company’s segment assets:
|  | December 31,
|  | 2020 |  | 2019
|  | (Dollars in millions)
Segment assets: |  |  |  |
Domestic Coke |  | $ | 1,358.9 |  |  | $ | 1,434.2 |
Brazil Coke |  | 17.7 |  |  | 14.6 |
Logistics |  | 199.5 |  |  | 200.8 |
Corporate and Other |  | 31.8 |  |  | 102.0 |
Segment assets, excluding income tax receivable |  | 1,607.9 |  |  | 1,751.6 |
Tax receivable |  | 5.5 |  |  | 2.2 |
Total assets |  | $ | 1,613.4 |  |  | $ | 1,753.8 |
The Company evaluates the performance of its segments based on segment Adjusted EBITDA, which is defined as earnings before interest, taxes, depreciation and amortization (“EBITDA”), adjusted for any impairments, (gain) loss on extinguishment of debt, changes to our contingent consideration liability related to our acquisition of CMT, loss on the disposal of our interest in VISA SunCoke and/or transaction costs incurred as part of the Simplification Transaction. EBITDA and Adjusted EBITDA do not represent and should not be considered alternatives to net income under GAAP and may not be comparable to other similarly titled measures in other businesses. Management believes Adjusted EBITDA is an important measure in assessing operating performance. Adjusted EBITDA provides useful information to investors because it highlights trends in our business that may not otherwise be apparent when relying solely on GAAP measures and because it eliminates items that have less bearing on our operating performance. EBITDA and Adjusted EBITDA are not measures calculated in accordance with GAAP, and they should not be considered a substitute for net income, or any other measure of financial performance presented in accordance with GAAP. Additionally, other companies may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure. Below is the reconciliation of Adjusted EBITDA to net income (loss), which is its most directly comparable financial measure calculated and presented in accordance with GAAP:
| Years Ended December 31,
| 2020 |  | 2019 |  | 2018
| (Dollars in millions)
Net income (loss) attributable to SunCoke Energy, Inc. | $ | 3.7 |  |  | $ | (152.3) |  |  | $ | 26.2 |
Add: Net income attributable to noncontrolling interests | 5.1 |  |  | 3.9 |  |  | 20.8 |
Net income (loss) | $ | 8.8 |  |  | $ | (148.4) |  |  | $ | 47.0 |
Add: |  |  |  |  |
Long-lived asset and goodwill impairment | — |  |  | 247.4 |  |  | — |
Depreciation and amortization expense | 133.7 |  |  | 143.8 |  |  | 141.6 |
Interest expense, net | 56.3 |  |  | 60.3 |  |  | 61.4 |
(Gain) loss on extinguishment of debt, net | (5.7) |  |  | (1.5) |  |  | 0.3 |
Income tax expense (benefit) | 10.3 |  |  | (54.7) |  |  | 4.6 |
Contingent consideration adjustments(1) | — |  |  | (4.2) |  |  | 2.5 |
Restructuring costs(2) | 2.5 |  |  | — |  |  | — |
Simplification Transaction costs(3) | — |  |  | 5.2 |  |  | 0.4 |
Loss from equity method investment | — |  |  | — |  |  | 5.4 |
Adjusted EBITDA | $ | 205.9 |  |  | $ | 247.9 |  |  | $ | 263.2 |
Subtract: Adjusted EBITDA attributable to noncontrolling interests(4) | 9.1 |  |  | 40.7 |  |  | 82.0 |
Adjusted EBITDA attributable to SunCoke Energy, Inc. | $ | 196.8 |  |  | $ | 207.2 |  |  | $ | 181.2 |
(1)In connection with the CMT acquisition, the Company entered into a contingent consideration arrangement that requires the Company to make future payments to the seller based on future volume over a specified threshold, price and contract renewals. Adjustments to the fair value of the contingent consideration were primarily the result of modifications to the volume forecast. This liability was written to zero during the third quarter of 2019, and the related contract was terminated in 2020. See Note 18. (2)Charges related to a company-wide restructuring and cost-reduction initiative. (3)Costs expensed primarily by the Partnership associated with the Simplification Transaction. (4)Reflects noncontrolling interests in Indiana Harbor and the portion of the Partnership owned by public unitholders prior to the Simplification Transaction.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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