SunCoke Energy, Inc.
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
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4. Income Taxes
- Income Taxes
At the end of each interim period, we make our best estimate of the annual effective tax rate and the impact of discrete items, if any, and adjust the rate as necessary.
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (Dollars in millions) | ||
| Income before income tax expense | $25.0 | $28.2 |
| Income tax expense | 5.6 | 7.1 |
| Effective tax rate | 22.4% | 25.2% |
Income taxes recorded during the three months ended March 31, 2025 and 2024 included immaterial discrete items.
The Company's effective tax rate was 22.4 percent and 25.2 percent for the three months ended March 31, 2025 and 2024, respectively. The difference between the Company's effective tax rates and federal statutory rate of 21.0 percent during all periods presented reflect the impact of state taxes, valuation allowances established on unused foreign tax credits projected for the current period, compensation deduction limitations under Section 162(m) of the Internal Revenue Code and earnings attributable to its noncontrolling ownership interests in a partnership.
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