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    Spirit AeroSystems Holdings Inc (SPR)

    Financials

    Updated Mar 12, 2025, 11:22 PM UTC
    Income Statement - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Net Revenues (USD, millions)1,438.901,812.906,047.91,702.81,491.901,470.601,651.306,316.6
    Cost of Sales (USD, millions)1,492.501,521.505,841.72,138.31,725.401,716.602,108.707,689.0
    Selling, General and Administrative Expenses (USD, millions)69.2064.70281.981.583.6093.80106.60365.5
    Restructuring Costs (USD, millions)0.000.007.200.80(0.10)0.000.7
    Research and Development Expenses (USD, millions)10.1011.5045.410.613.4010.4013.1047.5
    Other Operating Expense (USD, millions)0.800.205.900.000.000.000
    Total Operating Costs and Expenses (USD, millions)1,572.601,597.906,182.12,230.41,823.201,820.702,228.408,102.7
    Operating Loss (USD, millions)(133.70)215.00(134.2)(527.6)(331.30)(350.10)(577.10)(1,786.1)
    Interest Expense and Financing Fee Amortization (USD, millions)(75.10)(97.60)(318.7)(80.2)(82.30)(90.80)(100.20)(353.5)
    Other Expense, Net (USD, millions)7.30(20.40)(140.4)2.30.40(33.00)28.30(2.0)
    Loss Before Income Taxes and Equity in Net Income (Loss) of Affiliates (USD, millions)(201.50)97.00(593.3)(605.5)(413.20)(473.90)(649.00)(2,141.6)
    Income Tax Benefit (Provision) (USD, millions)(2.40)(21.40)(22.5)(11.0)(2.10)(2.80)18.302.4
    Loss Before Equity in Net Income (Loss) of Affiliates (USD, millions)(203.90)75.60(615.8)(616.5)(415.30)(476.70)(630.70)(2,139.2)
    Equity in Net Income (Loss) of Affiliates (USD, millions)0.00(0.10)(0.3)(0.1)0.200.100.000.2
    Net Loss (USD, millions)(203.90)75.50(616.1)(616.6)(415.10)(476.60)(630.70)(2,139.0)
    Net Loss Attributable to Common Shareholders (USD, millions)(204.10)75.40(616.2)(616.7)(415.30)(476.90)(630.90)(2,139.8)
    Balance Sheet - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Cash and cash equivalents (USD, millions)374.1823.5823.5352.0206.0217.6537.0537.0
    Restricted cash (USD, millions)0.20.10.10.1----
    Accounts receivable, net (USD, millions)610.3585.5585.5577.5560.0572.6395.3395.3
    Contract assets, short-term (USD, millions)596.0522.9522.9824.21,005.31,059.5777.9777.9
    Inventory, net (USD, millions)1,690.01,767.31,767.31,797.51,893.32,020.71,891.71,891.7
    Assets of business held for sale (USD, millions)------100.6100.6
    Other current assets (USD, millions)50.652.552.556.960.963.458.058.0
    Total current assets (USD, millions)3,321.23,751.83,751.83,608.23,725.53,933.83,760.53,760.5
    Property, plant and equipment, net (USD, millions)2,084.12,084.22,084.22,040.12,008.11,986.21,947.91,947.9
    Right of use assets (USD, millions)93.592.192.190.988.886.979.079.0
    Pension assets (USD, millions)28.333.533.537.241.448.049.449.4
    Restricted plan assets (USD, millions)61.461.161.150.050.348.241.241.2
    Deferred income taxes (USD, millions)8.29.19.116.518.712.87.87.8
    Goodwill (USD, millions)631.1631.2631.2631.2631.2631.3630.0630.0
    Intangible assets, net (USD, millions)200.0196.2196.2192.4188.6184.8149.5149.5
    Other assets (USD, millions)97.599.999.9106.3108.6107.0105.2105.2
    Total assets (USD, millions)6,538.16,950.16,950.16,764.56,858.67,049.26,762.86,762.8
    Accounts payable (USD, millions)1,030.31,106.81,106.81,138.31,113.91,091.11,041.11,041.1
    Accrued expenses (USD, millions)479.5420.1420.1483.9429.1520.9453.3453.3
    Profit sharing (USD, millions)18.115.715.722.441.853.859.059.0
    Current portion of long-term debt (USD, millions)64.264.864.881.077.4426.2424.5424.5
    Operating lease liabilities, short-term (USD, millions)8.49.19.19.49.69.810.010.0
    Advance payments, short-term (USD, millions)36.538.338.367.8102.998.2158.1158.1
    Contract liabilities, short-term (USD, millions)157.2192.6192.6152.3165.1262.6270.3270.3
    Forward loss provision, short-term (USD, millions)335.3256.6256.6313.2351.7413.0471.5471.5
    Deferred revenue and other deferred credits, short-term (USD, millions)48.449.649.657.057.769.775.475.4
    Customer financing, short-term (USD, millions)-----442.0532.0532.0
    Liabilities of business held for sale (USD, millions)------18.818.8
    Other current liabilities (USD, millions)172.144.744.742.4505.445.053.453.4
    Total current liabilities (USD, millions)2,350.02,198.32,198.32,367.72,854.63,432.33,567.43,567.4
    Long-term debt (USD, millions)3,811.04,018.74,018.73,991.23,984.03,976.43,969.73,969.7
    Operating lease liabilities, long-term (USD, millions)84.984.384.383.580.480.169.869.8
    Advance payments, long-term (USD, millions)276.9301.9301.9283.6257.9249.5181.0181.0
    Pension/OPEB obligation (USD, millions)22.230.330.329.428.427.324.924.9
    Contract liabilities, long-term (USD, millions)195.6161.3161.3153.5181.4180.3177.4177.4
    Forward loss provision, long-term (USD, millions)289.4224.1224.1545.2568.3596.5799.8799.8
    Deferred revenue and other deferred credits, long-term (USD, millions)87.276.776.766.355.158.646.746.7
    Deferred grant income liability - non-current (USD, millions)25.425.825.827.126.928.125.125.1
    Customer financing, long-term (USD, millions)-----207.4372.0372.0
    Other non-current liabilities (USD, millions)243.0315.5315.5314.3316.4136.4137.2137.2
    Preferred stock, par value $ 0.01, 10,000,000 shares authorized, no shares issued (USD, millions)--------
    Common Stock, Class A par value $0.01, 200,000,000 shares authorized, shares issued and outstanding (USD, millions)1.11.21.21.21.21.21.21.2
    Additional paid-in capital (USD, millions)1,205.31,429.11,429.11,435.41,448.51,458.31,457.61,457.6
    Accumulated other comprehensive loss (USD, millions)(150.0)(89.6)(89.6)(97.2)(94.9)(51.1)(100.1)(100.1)
    Retained (deficit) earnings (USD, millions)540.9616.3616.3(0.4)(415.7)(892.6)(1,523.5)(1,523.5)
    Treasury stock, at cost (shares each period, respectively) (USD, millions)(2,456.7)(2,456.7)(2,456.7)(2,456.7)(2,456.7)(2,456.7)(2,456.7)(2,456.7)
    Total stockholders' equity (deficit) (USD, millions)(859.4)(499.7)(499.7)(1,117.7)(1,517.6)(1,940.9)(2,621.5)(2,621.5)
    Noncontrolling interest (USD, millions)3.73.83.83.94.14.45.55.5
    Total equity (deficit) (USD, millions)(855.7)(495.9)(495.9)(1,113.8)(1,513.5)(1,936.5)(2,616.0)(2,616.0)
    Total liabilities and equity (deficit) (USD, millions)6,538.16,950.16,950.16,764.56,858.67,049.26,762.86,762.8
    Cash Flow - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Net Loss (USD, millions)(203.90)75.50(616.1)(616.6)(415.10)(476.60)(630.70)(2,139.0)
    Depreciation and Amortization Expense (USD, millions)79.2078.70315.677.977.7077.3072.50305.4
    Amortization of Deferred Financing Fees (USD, millions)1.707.4012.61.71.705.506.5015.4
    Accretion of Customer Supply Agreement (USD, millions)0.600.802.60.80.600.400.702.5
    Employee Stock Compensation Expense (USD, millions)9.50(0.10)29.210.89.9010.107.3038.1
    (Gain) Loss from Derivative Instruments (USD, millions)(3.80)1.20(0.5)(1.2)--(0.70)(3.6)
    (Gain) Loss from Foreign Currency Transactions (USD, millions)(12.50)11.507.5(5.9)0.6032.40(39.20)(12.1)
    Loss on Extinguishment of Debt (USD, millions)--11.8-----
    Loss on Disposition of Assets (USD, millions)0.606.006.90.70.100.500.702.0
    Pension and Other Post-Retirement Plans (Income) Expense (USD, millions)(0.80)(6.70)55.1(2.8)(2.80)(3.30)(2.60)(11.5)
    Grant Liability Amortization (USD, millions)(0.30)(0.20)(1.1)(0.3)(0.30)(0.30)(0.30)(1.2)
    Equity in Net (Income) Loss of Affiliates (USD, millions)0.000.100.3(0.1)0.00(0.10)0.00(0.2)
    Forward Loss Provision (USD, millions)(18.20)(144.20)(194.9)378.161.3085.50268.10793.0
    Asset Impairment Charges (USD, millions)------1.802.0
    Gain on Settlement of Financial Instrument (USD, millions)(0.50)(0.40)(1.8)(0.5)(0.30)(0.40)(0.30)(1.5)
    Change in Fair Value of Acquisition Consideration and Settlement (USD, millions)0.000.00(2.4)-----
    Gain on Settlement of New Market Tax Credit Incentive Program (USD, millions)-----0.000.00(5.7)
    Pension Plans Employer Contributions (USD, millions)(0.40)8.60186.6(0.7)(0.70)(0.80)0.60(1.6)
    Other - Operating Activities (USD, millions)0.80(15.40)4.3(2.3)3.806.4029.5037.4
    Net Cash Used in Operating Activities (USD, millions)(110.50)113.70(225.8)(415.6)(565.50)(276.40)136.60(1,120.9)
    Purchase of Property, Plant and Equipment (USD, millions)(25.20)(71.50)(148.0)(28.7)(31.60)(46.50)(45.70)(152.5)
    Acquisition, Net of Cash Acquired (USD, millions)--------
    Other - Investing Activities (USD, millions)--0.2---0.000.1
    Net Cash Used in Investing Activities (USD, millions)(25.20)(71.30)(147.8)(28.7)(31.60)(46.40)(45.70)(152.4)
    Proceeds from Issuance of Debt (USD, millions)-230.00242.7---1.30360.5
    Borrowings Under Revolving Credit Facility (USD, millions)0.003.805.4----1.6
    Proceeds from Issuance of Long Term Bonds (USD, millions)--1,200.0-----
    Proceeds from Issuance of Common Stock, Net (USD, millions)--220.7-----
    Receipts from Customer Financing (USD, millions)-----44.40254.60764.0
    Payments on Customer Financing (USD, millions)------0.00(40.0)
    Principal Payments of Debt (USD, millions)(16.00)(16.90)(64.1)(16.5)(14.40)(15.60)(16.10)(62.6)
    Payments on Term Loan (USD, millions)(1.50)(2.90)(5.9)--(1.50)(2.90)(5.9)
    Payments on Revolving Credit Facility (USD, millions)--(0.6)----(1.6)
    Payments on Bonds (USD, millions)--(1,200.0)-----
    Payment of Acquisition Consideration (USD, millions)-0.00(6.0)-----
    Payment of Debt Extinguishment Costs (USD, millions)--(11.8)-----
    Taxes Paid Related to Net Share Settlement Awards (USD, millions)(0.20)(0.50)(6.6)(4.5)(0.60)(0.30)(11.70)(17.1)
    Proceeds from Issuance of ESPP Stock (USD, millions)0.003.706.3--0.003.807.6
    Debt Issuance and Financing Costs (USD, millions)0.00(28.00)(28.5)(0.5)0.00(10.30)(0.20)(11.0)
    Dividends Paid (USD, millions)--------
    Proceeds from Noncontrolling Interest (USD, millions)--------
    Payment of Principal- Settlement of Financial Instrument (USD, millions)--------
    Other - Financing Activities (USD, millions)-------(1.0)
    Net Cash Provided by (Used in) Financing Activities (USD, millions)(11.00)397.50531.6(21.5)450.40335.90229.70994.5
    Effect of Exchange Rate Changes on Cash and Cash Equivalents (USD, millions)--9.5(0.3)1.00(0.40)(0.90)(0.6)
    Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash for the Period (USD, millions)(151.50)449.40167.5(466.1)(145.70)12.70319.70(279.4)
    Deferred Taxes (USD, millions)(3.8)18.118.19.010.26.93.73.7
    Accounts Receivable, Net (USD, millions)(127.0)(96.6)(96.6)7.430.631.8198.0198.0
    Inventory, Net (USD, millions)(227.0)(295.1)(295.1)(34.8)(131.9)(245.8)(152.4)(152.4)
    Contract Assets (USD, millions)(114.5)(18.0)(18.0)(309.8)(498.8)(557.3)(280.3)(280.3)
    Accounts Payable and Accrued Liabilities (USD, millions)222.2213.8213.899.77.665.4(49.9)(49.9)
    Profit Sharing/Deferred Compensation (USD, millions)(22.5)(25.0)(25.0)6.726.137.645.745.7
    Advance Payments (USD, millions)87.4114.1114.112.220.65.2(0.2)(0.2)
    Income Taxes Receivable/Payable (USD, millions)1.1(3.4)(3.4)2.71.45.5(1.6)(1.6)
    Contract Liabilities (USD, millions)(3.9)(3.0)(3.0)(48.0)(7.3)88.4100.3100.3
    Deferred Revenue and Other Deferred Credits (USD, millions)67.453.653.6(0.5)(11.2)(0.7)(3.6)(3.6)
    Cash, Cash Equivalents, and Restricted Cash, Beginning of Period (USD, millions)678.4678.4678.4845.9845.9845.9845.9845.9
    Cash, Cash Equivalents, and Restricted Cash, End of Period (USD, millions)396.5845.9845.9379.8234.1246.8566.5566.5
    Revenue by Segment - in Millions of USDQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Commercial1,136.41,517.14,885.01,356.11,166.41,139.81,265.14,927.4
    - Contracts Over Time1,064.1-4,368.71,282.11,053.1---
    - Contracts At Point374.8-1,679.2420.7438.8---
    Defense & Space205.7205.3789.0250.8224.4231.3268.7975.2
    Aftermarket96.890.5373.995.9101.199.5117.5414.0
    - MRO Services--------
    - Spare Parts--------
    Boeing883.91,206.53,847.11,088.6862.3---
    Airbus274.5327.81,144.6317.1337.1---
    Other Customers280.5278.61,056.2297.1292.5---
    Total Revenue1,438.91,812.96,047.91,702.81,491.91,470.61,651.36,316.6
    Revenue by Geography - in Millions of USDQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    United States1,156.01,287.34,667.11,350.71,123.11,132.81,204.44,811.0
    International282.9525.61,380.8352.1368.8337.8446.91,505.6
    - United Kingdom163.577.2582.5157.3158.6148.6185.2649.7
    - Other119.4448.4798.3194.8210.2189.2261.7855.9
    Total Revenue1,438.91,812.96,047.91,702.81,491.91,470.61,651.36,316.6
    KPIs - Metric (Unit, Scale)Q1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Number of B737 Shipsets Delivered (units)108-356705888-268
    Number of B767 Shipsets Delivered (units)--------
    Number of B777 Shipsets Delivered (units)--------
    Number of B787 Shipsets Delivered (units)--16----19
    Total Boeing Shipsets Delivered (units)108-457705888-376
    Number of A220 Shipsets Delivered (units)--------
    Number of A320 Shipsets Delivered (units)165-70719122575-600
    Number of A330 Shipsets Delivered (units)--------
    Number of A350 Shipsets Delivered (units)--------
    Total Airbus Shipsets Delivered (units)165-725191225178-825
    Number of Business and Regional Jet Shipsets Delivered (units)59-236465366-231
    Total Shipsets Delivered (units)332-1,418307336332-1,432
    Percentage of U.S. Employees Represented by IAM (percentage)55-57----59
    Percentage of U.S. Employees Represented by SPEEA (percentage)--16----18
    Percentage of U.S. Employees Represented by UAW (percentage)--6----6
    Percentage of U.S. Employees Represented by IBEW (percentage)--1----1
    Percentage of Prestwick Employees in Collective Bargaining Group (percentage)--93----93
    Percentage of Belfast Employees in Collective Bargaining Group (percentage)--85----86
    Percentage of Morocco Employees in Collective Bargaining Group (percentage)--59----62