Company: SPR
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001628280-25-037839
Chunk: 114

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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 income differs from operating income as presented in its primary financial statements and a reconciliation of the segment and consolidated results is provided in the table set forth below. While some working capital accounts are maintained on a segment basis, much of the Company’s assets are not managed or maintained on a segment basis. Property, plant, and equipment, including tooling, is used in the design and production of products for each of the segments and, therefore, is not allocated to any individual segment. In addition, cash, prepaid expenses, other assets, and deferred taxes are managed and maintained on a consolidated basis and generally do not pertain to any particular segment. Raw materials and certain component parts are used in aerostructure production across all segments. Work-in-process inventory is identifiable by segment but is managed and evaluated at the program level. As there is no segmentation of the Company’s productive assets, depreciation expense (included in fixed manufacturing costs and selling, general and administrative expenses) and capital expenditures, no allocation of these amounts has been made solely for purposes of segment disclosure requirements.The following tables show segment revenues and operating income (loss) for the three and six months ended July 3, 2025 and June 27, 2024:Three Months Ended July 3, 2025CommercialDefense & SpaceAftermarketCorporate and OtherConsolidated($ in millions)Net revenues$1,266.3 $266.0 $102.8 $— $1,635.1 Cost of sales(1,465.2)(264.3)(92.8)— (1,822.3)Excess capacity costs(35.4)(8.8)— — (44.2)Segment operating (loss) income$(234.3)$(7.1)$10.0 $— $(231.4)Selling, general and administrative— — — (107.3)(107.3)Research and development— — — (12.2)(12.2)Loss on dispositions of businesses, net (1)— — — (129.9)(129.9)Operating (loss) income$(234.3)$(7.1)$10.0 $(249.4)$(480.8)Interest expense and financing fee amortization— — — (99.4)(99.4)Other expense, net— — — (24.3)(24.3)(Loss)