Company: SPR
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015209
Chunk: 85

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 85
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 business. 71

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APPENDIX A - NON-GAAP FINANCIAL MEASURES Overview In addition to reporting our financial information in our Annual Report on Form 10-K using U.S. GAAP, certain non-GAAP financial measures are used with respect to our incentives. Such non-GAAP financial measures include FCF, which is described further below. The Company does not intend for the information to be considered in isolation or as a substitute for the related GAAP financial measures. Other companies may define and calculate the measures differently than we do, limiting the usefulness of the measures for comparison with other companies. Free Cash Flow Reconciliation FCF is defined as GAAP cash from operating activities, less capital expenditures for property, plant, and equipment. Management believes FCF provides investors with an important perspective on the cash available for stockholders, debt repayment, and acquisitions after making the capital investments required to support ongoing business operations and long-term value creation. Management uses FCF as a measure to assess both business performance and overall liquidity. The table below presents a reconciliation of FCF to cash from operating activities for each of the periods presented.

| ($ in millions)                |     | Fiscal Year Ended 
      December 31, 
              2024 |     |   2023 |     |   2022 |
|:-------------------------------|:----|------------------:|:----|-------:|:----|-------:|
| Cash from Operating Activities |     |          $(1,121) |     | $(226) |     | $(395) |
| Capital Expenditures           |     |              -153 |     |   -148 |     |   -122 |
| FCF                            |     |          $(1,273) |     | $(374) |     | $(516) |

Certain Performance Measures Year end inventory for 2024 is calculated as the 2024 year ending balances of inventory and certain components of contract assets and contract liabilities. Indirect incurred cost for 2024 is calculated as the amount of indirect costs incurred in the second half of 2024. Indirect costs include labor costs that are not directly attributable to manufacturing and assembling physical products. Indirect costs also include non-labor items such as purchased services, computing, travel, advertising, trade shows and utilities.

A-1

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