Spirit AeroSystems Holdings, Inc.

CIK:0001364885|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 02, 2025	Sep. 26, 2024	Oct. 02, 2025	Sep. 26, 2024
Income Statement [Abstract]
Revenues	$ 1,585.4	$ 1,470.6	$ 4,742.3	$ 4,665.3
Operating costs and expenses
Cost of sales	2,205.0	1,716.6	6,054.4	5,580.3
Selling, general and administrative	40.5	93.8	239.6	258.9
Restructuring Charges	0.0	(0.1)	0.0	0.7
Research and development	9.3	10.4	36.0	34.4
Gain (Loss) on Disposition of Business	(22.9)	0.0	26.6	0.0
Total operating costs and expenses	2,231.9	1,820.7	6,356.6	5,874.3
Operating loss	(646.5)	(350.1)	(1,614.3)	(1,209.0)
Interest expense and financing fee amortization	(94.5)	(90.8)	(293.4)	(253.3)
Other income (expense), net	(14.3)	33.0	29.9	30.3
Loss before income taxes and equity in net income (loss) of affiliates	(726.7)	(473.9)	(1,937.6)	(1,492.6)
Income tax benefit (provision)	2.6	(2.8)	(29.7)	(15.9)
Loss before equity in net income (loss) of affiliates	(724.1)	(476.7)	(1,967.3)	(1,508.5)
Equity in net income (loss) of affiliates	0.1	0.1	(0.2)	0.2
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(724.0)	(476.6)	(1,967.5)	(1,508.3)
Net loss	(724.3)	(476.9)	(1,968.2)	(1,508.9)
Net Income (Loss) Attributable to Noncontrolling Interest	$ (0.3)	$ (0.3)	$ (0.7)	$ (0.6)
Loss per share
Earnings Per Share, Basic	$ (6.16)	$ (4.07)	$ (16.75)	$ (12.93)
Diluted (in dollars per share)	$ (6.16)	$ (4.07)	$ (16.75)	$ (12.93)

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		9 Months Ended		12 Months Ended
	Oct. 02, 2025	Sep. 26, 2024	Jul. 03, 2025	Jun. 27, 2024	Oct. 02, 2025	Sep. 26, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense					$ 188.5	$ 232.9
Amortization of deferred financing fees					14.6	8.9
Accretion of customer supply agreement					1.6	1.8
Employee Benefit and Share-based Payment Arrangement, Noncash					21.1	30.8
Loss on Derivative Instruments, Pretax					(0.9)	(2.9)
Loss from foreign currency transactions					41.5	27.1
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property					(8.1)	(1.3)
Deferred taxes					25.2	6.9
Increase (Decrease) in Obligation, Pension and Other Postretirement Benefits					(3.0)	(8.9)
Grant liability amortization					(0.9)	(0.9)
Unrealized Gain (Loss) on Investments					0.2	(0.2)
Increase (Decrease) in Forward Provision					552.1	524.9
Changes in assets and liabilities
Accounts receivable, net					(73.7)	31.8
Inventory, net					(24.8)	(245.8)
Accounts payable and accrued liabilities					151.7	65.4
Profit sharing/deferred compensation					2.5	37.6
Advance payments					4.0	5.2
Income taxes receivable/payable					3.7	5.5
Pension plans employer contributions					(29.6)	(0.7)
Other					48.9	4.2
Net cash used in operating activities					(750.4)	(1,257.5)	$ 1,120.9	$ 225.8	$ 394.6
Investing activities
Purchase of property, plant, and equipment					(143.6)	(106.8)
Payment for (Proceeds from) Other Investing Activity					11.6	(0.1)
Net cash provided by (used in) investing activities					35.1	(106.7)
Financing activities
Principal payments of debt					(37.7)	(46.5)
Repayments of Debt					(4.5)	(3.0)
Repayments of Senior Debt					20.8	0.0
Payment, Tax Withholding, Share-based Payment Arrangement	$ (0.2)	$ (0.3)	$ (1.4)	$ (5.1)	(1.6)	(5.4)
Proceeds from Stock Plans					0.0	3.8
Debt issuance and financing costs					(2.2)	(10.8)
Proceeds from Other Debt				180.0	580.3	509.4
Proceeds from (Payment for) Other Financing Activity					0.0	(1.9)
Net cash provided by financing activities					506.0	764.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect					(212.1)	(599.1)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance			$ 566.5	845.9	566.5	845.9	845.9
Cash, cash equivalents, and restricted cash, end of period	354.4	246.8			354.4	246.8	566.5	845.9
Cash and Cash Equivalents, at Carrying Value, Ending Balance	299.0	217.6			299.0	217.6	537.0	823.5
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	21.6	0.0			21.6	0.0	0.0	0.0
Reconciliation of Cash, Cash Equivalents, and Restricted Cash [Abstract]
Restricted Cash, Current	0.0	0.0			0.0	0.0	0.0	0.1
Restricted Cash, Noncurrent	33.8	29.2			33.8	29.2	$ 29.5	$ 22.3
Increase (Decrease) in Income Taxes Payable					3.7	5.5
Increase (Decrease) in Contract with Customer, Liability					(117.3)	88.4
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Assets Transferred to (from) Plan					(2.3)	(2.2)
Repayments of Senior Debt					20.8	0.0
Proceeds from (Payment for) Other Financing Activity					0.0	(1.9)
Proceeds from Other Debt				$ 180.0	580.3	509.4
Increase (Decrease) in Contract with Customer, Asset					(234.5)	557.3
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation					(2.8)	0.3
Gain (Loss) on Contract Termination					(0.5)	(1.2)
Gain (Loss) on Disposition of Business	(22.9)	0.0			26.6	0.0
Gain on settlement of New Market Tax Credit incentive program					0.0	(5.7)
Asset Impairment Charges					30.0	0.2
Increase (Decrease) in Deferred Liabilities					(29.6)	(0.7)
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties					115.3	3.7
Increase (Decrease) in Customer Advances					4.0	5.2
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (724.0)	$ (476.6)			(1,967.5)	(1,508.3)
Proceeds from Divestiture of Businesses					167.1	0.0
Repayments of Other Debt					(7.5)	(40.0)
Proceeds from Issuance of Senior Long-term Debt					$ 0.0	$ 359.2

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Oct. 02, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 299.0	$ 537.0
Restricted Cash, Current	0.0	0.0
Accounts receivable, net	323.6	395.3
Unbilled Receivables, Current	476.4	777.9
Inventory, net	1,213.9	1,891.7
Disposal Group, Including Discontinued Operation, Assets	1,376.5	100.6
Other current assets	36.0	58.0
Total current assets	3,725.4	3,760.5
Property, plant and equipment, net	1,427.2	1,947.9
Operating Lease, Right-of-Use Asset	63.5	79.0
Pension assets	60.7	49.4
Pension reversion assets	6.4	41.2
Deferred Income Tax Assets, Net	0.0	0.1
Goodwill	624.0	630.0
Intangible Assets, Net (Excluding Goodwill)	117.5	149.5
Deferred income taxes	80.2	105.2
Other assets	6,104.9	6,762.8
Liabilities, Current [Abstract]
Accounts Payable, Current	899.5	1,041.1
Accrued Liabilities, Current	453.8	453.3
Deferred Compensation Liability, Current	49.9	59.0
Long-term Debt and Lease Obligation, Current	690.9	424.5
Operating Lease, Liability, Current	8.2	10.0
Customer Advances, Current	99.8	158.1
Contract with Customer, Liability, Current	134.5	270.3
Provision for Loss on Contracts	407.4	471.5
Deferred Credits and Other Liabilities, Current	11.8	75.4
Customer Advances and Deposits, Current	746.7	532.0
Disposal Group, Including Discontinued Operation, Liabilities	1,902.4	18.8
Other Liabilities, Current	55.3	53.4
Liabilities Noncurrent
Long-term debt	3,647.7	3,969.7
Operating Lease, Liability, Noncurrent	58.9	69.8
Advance payments, long-term	143.3	181.0
Pension/OPEB obligation	22.4	24.9
Contract with Customer, Liability, Noncurrent	153.8	177.4
Provision for Loss on Contacts, Non Current	537.2	799.8
Deferred Credits and Other Liabilities, Noncurrent	11.0	46.7
Deferred grant income liability - non-current	6.3	25.1
Deferred Income Tax Liabilities, Net	3.8	7.8
Other Long-Term Debt	336.9	372.0
Deferred income taxes	241.5	137.2
Stockholders' Equity Attributable to Parent [Abstract]
Common stock	1.2	1.2
Additional Paid in Capital [Abstract]
Additional paid-in capital	1,477.1	1,457.6
AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract
Accumulated other comprehensive loss	(54.2)	(100.1)
Retained Earnings Accumulated Deficit [Abstract]
Retained earnings (deficit)	$ (3,491.7)	$ (1,523.5)
Treasury Stock, Shares	41,587,480	41,587,480
Treasury Stock, Value	$ (2,456.7)	$ (2,456.7)
Total stockholders’ equity (deficit)	(4,524.3)	(2,621.5)
Noncontrolling interest	6.2	5.5
Total equity (deficit)	(4,518.1)	(2,616.0)
Total liabilities and equity	6,104.9	6,762.8
Liabilities, Current	$ 5,460.2	$ 3,567.4
Class A [Member]
Retained Earnings Accumulated Deficit [Abstract]
Common Stock, Shares Authorized	200,000,000	200,000,000
Class B [Member]
Retained Earnings Accumulated Deficit [Abstract]
Common Stock, Shares Authorized	150,000,000	150,000,000