Company: SPR
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021582
Chunk: 10

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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, and as a result, no impairment existed as of the annual assessment date during the fourth quarter of 2024. Further, we have not identified any indications of impairment that would prompt an interim impairment assessment for the quarter ended April 3, 2025.

46

Results of Operations

The following table sets forth, for the periods indicated, certain of our operating data:

Three Months EndedApril 3,2025March 28,2024 ($ in millions)Net revenues$1,521.8 $1,702.8 Cost of sales1,982.9 2,138.3 Gross loss(461.1)(435.5)Selling, general and administrative91.8 81.5 Research and development14.5 10.6 (Gain) on disposition of businesses(80.4)— Operating loss(487.0)(527.6)Interest expense and financing fee amortization(99.5)(80.2)Other (expense) income, net(19.9)2.3 Loss before income taxes and equity in net loss of affiliates(606.4)(605.5)Income tax provision(6.0)(11.0)Loss before equity in net loss of affiliates(612.4)(616.5)Equity in net loss of affiliates(0.3)(0.1)Net loss$(612.7)$(616.6)

Comparative shipset deliveries by model were as follows(1):

Three Months EndedModelApril 3,2025March 28,2024B73712744B76725B77778B787913Total Boeing14570A2202215A320 Family186153A330107A3501816Total Airbus236191Total Business and Regional Jets4846Total429307

(1)    For purposes of measuring production or shipset deliveries for Boeing aircraft in a given period, the term “shipset” refers to sets of structural fuselage components produced or delivered for one aircraft in such period. For purposes of measuring production or shipset deliveries for Airbus A220 aircraft in a given period, the term “shipset” refers to sets of structural wing components produced or delivered for one aircraft in such period. For purposes of measuring production or shipset deliveries for all other Airbus and Business/Regional Jet aircraft in a given period, the term “shipset” refers to all structural aircraft components produced or delivered for one aircraft in such period. Other