Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 39

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 39
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 cash beginning of period566.5 845.9 Cash, cash equivalents, and restricted cash, end of period$354.4 $246.8 

 Nine Months Ended October 2, 2025 as Compared to Nine Months Ended September 26, 2024

Operating Activities. For the nine months ended October 2, 2025, we had a net cash outflow of $750.4 million from operating activities, a decrease in net cash outflow of $507.1 million compared to a net cash outflow of $1,257.5 million for the same period in the prior year. The decrease in net cash outflow, period over period, primarily represents the collection of cash through the reduction in contract assets due to improved production flow and physical deliveries to Boeing.  

Investing Activities. For the nine months ended October 2, 2025, we had a net cash inflow of $35.1 million for investing activities, an increase in net cash inflow of $141.8 million compared to a net cash outflow of $106.7 million for the same period in the prior year. The cash flows for investing activities in the current period were driven by the receipts from the sale of the FMI and Chinese joint venture businesses, partially offset by increased capital expenditures.

Financing Activities. For the nine months ended October 2, 2025, we had a net cash inflow of $506.0 million for financing activities, a decrease in net cash inflow of $258.8 million, compared to a net cash inflow of $764.8 million for the same period in the prior year. The decrease in net cash inflow was primarily driven by the prior borrowing of $350 million under the Bridge Credit Agreement partially offset by higher receipts from customer financing as compared to prior year. During the nine month periods ended October 2, 2025 and September 26, 2024, we did not pay any dividends. There were no repurchases of Holdings Common Stock under our share repurchase program during either the nine months ended October 2, 2025 or September 26, 2024. 

Pension and Other Post-Retirement Benefit Obligations

 Effective October 1, 2021, we spun off a portion of the existing Pension Value Plan (“PVP A”), to a new plan called PVP B (“PVP B”). As part of the PVP B plan termination process, a lump sum offering was provided