Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 12

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 we utilized a third-party to assist us with estimating the fair value of each of our respective reporting units under both the income approach and the market approach with equal weighing applied to the results of each approach. These approaches require making assumptions regarding long-term growth rates, revenue and earnings projections, estimation of cash flows, discount rates, and market and company-specific factors.

The results of our annual assessment indicated that the fair value substantially exceeded the carrying value for each reporting unit, 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 October 2, 2025.

54

Results of Operations

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

Three Months EndedNine Months EndedOctober 2,2025September 26,2024October 2,2025September 26,2024 ($ in millions)($ in millions)Net revenues$1,585.4 $1,470.6 $4,742.3 $4,665.3 Cost of sales2,205.0 1,716.6 6,054.4 5,580.3 Gross loss(619.6)(246.0)(1,312.1)(915.0)Selling, general and administrative40.5 93.8 239.6 258.9 Restructuring costs— (0.1)— 0.7 Research and development9.3 10.4 36.0 34.4 (Gain) loss on disposition of businesses, net(22.9)— 26.6 — 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), net14.3 (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