Spirit Aerosystems Holdings, Inc. (SPR) financial statements (2023 and earlier)

Company profile

Business Address 3801 SOUTH OLIVER
WICHITA, KS 67210
State of Incorp. DE
Fiscal Year End December 31
SIC 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4791,8732,351774423698957
Cash and cash equivalents1,4791,8732,351774423698957
Restricted cash and investments00002  
Receivables9058531,0751,015722661537
Inventory, net of allowances, customer advances and progress billings1,3831,4221,1191,0131,4501,5151,774
Inventory1,3831,4221,1191,0131,4501,5151,774
Other current assets403369948543730
Total current assets:3,8064,4854,6432,8492,6512,9103,299
Noncurrent Assets
Finance lease, right-of-use asset193169142
Operating lease, right-of-use asset857149
Property, plant and equipment2,3862,5042,2722,1682,1051,9921,951
Intangible assets, net (including goodwill)836215     
Goodwill624      
Intangible assets, net (excluding goodwill)212215     
Other noncurrent assets928480288164221281
Defined benefit plan, assets for plan benefits282247
Deferred tax assets, net20472  
Other undisclosed noncurrent assets340857420177275  
Total noncurrent assets:3,9313,8992,9632,8372,6172,4952,478
TOTAL ASSETS:7,7378,3847,6065,6865,2685,4055,778
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0969251,2991,216962796848
Accounts payable7205591,058903693580618
Accrued liabilities376366240313269216230
Deferred revenue732215
Debt503415031312736
Deferred compensation liability6457856811010162
Provision for loss on contracts2451858412   
Deferred revenue and credits65312286
Customer advances and deposits100199178
Other liabilities1055839583329438
Other undisclosed current liabilities244122190196221412
Total current liabilities:1,8761,7091,7611,5821,6211,5441,459
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7433,5332,9841,8641,1201,0601,098
Long-term debt, excluding current maturities5556585959 8
Capital lease obligations353499
Operating lease, liability796743
Other undisclosed long-term debt and lease obligation3,6093,4102,8831,7691,0281,0511,081
Liabilities, other than long-term debt7881,2494881747258091,019
Customer advances or deposits232342507
Deferred revenue and credits161147170
Accounts payable and accrued liabilities  0439  
Deferred revenue289372356
Liability, pension and other postretirement and postemployment benefits754403635414468
Other liabilities42443796136253276274
Other undisclosed noncurrent liabilities8821,03561182816382
Total noncurrent liabilities:5,4135,8184,0832,8661,8451,9322,199
Total liabilities:7,2897,5275,8444,4483,4663,4763,658
Stockholders' equity
Stockholders' equity attributable to parent, including:4488571,7611,2381,8011,9282,120
Treasury stock, value(2,457)(2,457)(2,457)2,3811,5811,079429
Additional paid in capital1,1461,1401,1251,1011,0871,0791,052
Accumulated other comprehensive loss(24)(154)(109)(197)(129)(187)(161)
Retained earnings1,7812,3263,2012,7132,4222,1141,656
Other undisclosed stockholders' equity attributable to parent111(4,761)(3,161)(2,156)(857)
Stockholders' equity attributable to noncontrolling interest1111111
Total stockholders' equity:4498571,7621,2381,8021,9292,120
TOTAL LIABILITIES AND EQUITY:7,7378,3847,6065,6865,2685,4055,778

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,9533,4057,8637,2226,9836,7936,644
Revenue, net6,9836,7936,644
Cost of revenue(4,071)(3,846)(6,791)(6,136)(6,165)(5,816)(5,532)
Cost of goods and services sold(4,071)(3,846)(6,786)(6,136)(6,163)(5,804)(5,532)
Gross profit:(118)(441)1,0721,0868189771,112
Operating expenses(374)(389)(311)(253)(249)(252)(249)
Other undisclosed operating income3317 10   
Operating income (loss):(459)(813)761843569725863
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
147(78)(6)(7)7(7)(2)
Interest and debt expense(243)(195)(92)(80)(42)(57)(53)
Income (loss) from continuing operations before equity method investments, income taxes:(555)(1,086)663756535661808
Income (loss) from equity method investments(3)(5)(0)1011
Income (loss) from continuing operations before income taxes:(558)(1,091)663757535662809
Income tax expense (benefit)17220(133)(140)(180)(192)(21)
Net income (loss) attributable to parent:(541)(870)530617355470789
Other undisclosed net loss available to common stockholders, basic  (0)(1)(0)(0)(1)
Net income (loss) available to common stockholders, diluted:(541)(870)530617355469788

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(541)(870)530617355470789
Other comprehensive income (loss)130(45)96(68)58(26)(7)
Comprehensive income (loss), net of tax, attributable to parent:(410)(915)626549413443782

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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