Company: SPR
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021582
Chunk: 66

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 Company’s active leases have remaining lease terms that range between less than one year to 16 years, some of which include options to extend the leases for up to 30 years, and some of which include options to terminate the leases within one year.Components of lease expense:For the ThreeMonths EndedApril 3,2025March 28,2024Operating lease cost$3.8 $3.5 Finance lease cost:Amortization of assets7.4 9.6 Interest on lease liabilities1.6 2.1 Total net lease cost$12.8 $15.2 

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Table of ContentsSpirit AeroSystems Holdings, Inc. Notes to the Condensed Consolidated Financial Statements (unaudited)(U.S. Dollars in millions other than per share amounts)

Supplemental cash flow information related to leases was as follows:  For the ThreeMonths EndedApril 3,2025March 28,2024Cash paid for amounts included in the measurement of lease liabilities:Operating cash flows from operating leases$3.8 $3.7 Operating cash flows from finance leases$1.6 $2.1 Financing cash flows from finance leases$11.1 $13.3 ROU assets obtained in exchange for lease obligations:Operating leases$0.1 $0.2 Supplemental balance sheet information related to leases:April 3, 2025December 31, 2024Finance leases:Property and equipment, gross$333.9 $333.3 Accumulated amortization(171.2)(163.8)Property and equipment, net$162.7 $169.5 The weighted average remaining lease term as of April 3, 2025 for operating and finance leases was 39.8 years and 4.8 years, respectively. The weighted average discount rate as of April 3, 2025 for operating and finance leases was 6.6% and 6.6%, respectively. The weighted average remaining lease term as of December 31, 2024 for operating and finance leases was 35.1 years and 4.6 years, respectively. The weighted average discount rate as of December 31, 2024 for operating and finance leases was 5.8% and 6.6%, respectively. See Note 15 Debt for current and non-current finance lease obligations. As of April 3, 2025