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Spirit AeroSystems (SPR) Financials

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$32.88 +0.07 (+0.21%)
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Annual Income Statements for Spirit AeroSystems

Annual Income Statements for Spirit AeroSystems

This table shows Spirit AeroSystems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders		 789 470 355 617 530 -870 -541 -546 -616 -2,140
Consolidated Net Income / (Loss)		 789 470 355 617 530 -870 -541 -546 -616 -2,139
Net Income / (Loss) Continuing Operations		 789 470 355 617 530 -870 -541 -545 -616 -2,139
Total Pre-Tax Income 		808 661 535 756 663 -1,086 -555 -539 -593 -2,142
Total Operating Income		 863 726 532 843 761 -813 -459 -281 -134 -1,786
Total Gross Profit		 1,112 993 788 1,086 1,077 -441 -118 49 206 -1,372
Total Revenue		 6,644 6,793 6,983 7,222 7,863 3,405 3,953 5,030 6,048 6,317
Operating Revenue		 6,644 6,793 6,983 7,222 7,863 3,405 3,953 5,030 6,048 6,317
Total Cost of Revenue		 5,532 5,800 6,195 6,136 6,786 3,846 4,071 4,981 5,842 7,689
Operating Cost of Revenue		 5,532 5,800 6,195 6,136 6,786 3,846 4,071 4,981 5,842 7,689
Total Operating Expenses		 249 267 256 243 316 372 341 330 340 414
Selling, General & Admin Expense		 221 231 205 210 261 237 280 279 288 366
Research & Development Expense		 28 24 31 43 55 39 53 50 45 48
Restructuring Charge		 - - - 0.00 0.00 73 8.20 0.20 7.20 0.70
Other Special Charges / (Income)		 - - - 0.00 0.00 23 0.00 0.00 0.00 0.00
Total Other Income / (Expense), net		 -55 -65 2.70 -87 -98 -273 -96 -260 -459 -355
Interest Expense		 53 57 42 80 92 195 243 244 319 354
Interest & Investment Income		 - - 0.00 0.00 0.00 0.00 0.00 -1.60 -0.30 0.20
Other Income / (Expense), net		 -2.20 -8.00 44 -7.00 -5.80 -78 147 -14 -140 -2.00
Income Tax Expense		 21 192 180 140 133 -220 -17 5.20 23 -2.40
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - 0.00 0.00 0.50 -0.10 -0.80
Basic Earnings per Share		 $5.69 $3.72 $3.04 $5.71 $5.11 ($8.38) ($5.19) ($5.21) ($5.78) ($18.32)
Weighted Average Basic Shares Outstanding		 138.40M 126.10M 116.80M -599M 104.78M 105.42M 105.04M 105.25M 116.05M 117.27M
Diluted Earnings per Share		 $5.66 $3.70 $3.01 $5.65 $5.06 ($8.38) ($5.19) ($5.21) ($5.78) ($18.32)
Weighted Average Diluted Shares Outstanding		 138.40M 126.10M 116.80M -599M 104.78M 105.42M 105.04M 105.25M 116.05M 117.27M
Weighted Average Basic & Diluted Shares Outstanding		 138.40M 126.10M 116.80M -599M 104.78M 105.42M 105.04M 105.25M 116.05M 117.27M
Cash Dividends to Common per Share		 $0.00 $0.10 $0.40 $0.46 $0.48 $0.04 $0.04 $0.03 $0.00 $0.00

Quarterly Income Statements for Spirit AeroSystems

This table shows Spirit AeroSystems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders		 -255 -116 -562 -413 -408 767 -1,233 -831 -954 878
Consolidated Net Income / (Loss)		 -255 -116 -563 -413 -408 767 -1,233 -830 -954 878
Net Income / (Loss) Continuing Operations		 -255 -115 -562 -413 -408 767 -1,233 -830 -953 878
Total Pre-Tax Income 		-94 -256 -285 -204 -202 97 -606 -413 -474 -649
Total Operating Income		 4.50 -139 -95 -120 -134 215 -528 -331 -350 -577
Total Gross Profit		 83 -50 -0.80 -31 -54 291 -436 -234 -246 -457
Total Revenue		 1,277 1,320 1,431 1,365 1,439 1,813 1,703 1,492 1,471 1,651
Operating Revenue		 1,277 1,320 1,431 1,365 1,439 1,813 1,703 1,492 1,471 1,651
Total Cost of Revenue		 1,194 1,370 1,432 1,396 1,493 1,522 2,138 1,725 1,717 2,109
Operating Cost of Revenue		 1,194 1,370 1,432 1,396 1,493 1,522 2,138 1,725 1,717 2,109
Total Operating Expenses		 78 89 94 90 81 76 92 98 104 120
Selling, General & Admin Expense		 69 75 77 76 70 65 82 84 94 107
Research & Development Expense		 9.30 14 11 13 10 12 11 13 10 13
Total Other Income / (Expense), net		 -99 -119 -190 -84 -68 -118 -78 -82 -124 -72
Interest Expense		 57 73 72 74 75 98 80 82 91 100
Other Income / (Expense), net		 -42 -44 -117 -9.90 7.30 -20 2.30 0.40 -33 28
Income Tax Expense		 33 -13 -4.30 3.00 2.40 21 11 2.10 2.80 -18
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.50 -0.10 0.10 0.20 -0.30 0.10 0.20 0.30 -1.40
Basic Earnings per Share		 ($1.22) ($2.31) ($2.68) ($1.96) ($1.94) $0.80 ($5.31) ($3.56) ($4.07) ($5.38)
Weighted Average Basic Shares Outstanding		 105.25M 105.25M 105.21M 105.29M 105.57M 116.05M 116.55M 116.62M 116.91M 117.27M
Diluted Earnings per Share		 ($1.22) ($2.31) ($2.68) ($1.96) ($1.94) $0.80 ($5.31) ($3.56) ($4.07) ($5.38)
Weighted Average Diluted Shares Outstanding		 105.25M 105.25M 105.21M 105.29M 105.57M 116.05M 116.55M 116.62M 116.91M 117.27M
Weighted Average Basic & Diluted Shares Outstanding		 105.25M 105.25M 105.21M 105.29M 105.57M 116.05M 116.55M 116.62M 116.91M 117.27M

Annual Cash Flow Statements for Spirit AeroSystems

This table details how cash moves in and out of Spirit AeroSystems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents		 579 -260 -272 349 1,502 -474 -395 -820 168 -279
Net Cash From Operating Activities		 1,290 717 574 770 923 -745 -63 -395 -226 -1,121
Net Cash From Continuing Operating Activities		 1,290 717 574 1,129 852 -976 -63 -395 -226 -1,121
Net Income / (Loss) Continuing Operations		 789 470 355 617 530 -870 0.00 0.00 0.00 0.00
Consolidated Net Income / (Loss)		 789 470 355 617 - - -541 -546 -616 -2,139
Depreciation Expense		 181 209 214 231 252 278 328 337 316 305
Amortization Expense		 7.50 20 3.60 18 3.50 20 14 10 12 14
Non-Cash Adjustments To Reconcile Net Income		 5.20 56 -29 -38 24 248 -159 -96 -102 -270
Changes in Operating Assets and Liabilities, net		 308 -37 30 -58 42 -652 295 -100 165 969
Net Cash From Investing Activities		 -357 -253 -273 -268 -240 -502 -164 -156 -148 -152
Net Cash From Continuing Investing Activities		 -357 -253 -273 -268 -240 -502 -164 -156 -148 -152
Purchase of Property, Plant & Equipment		 -360 -254 -273 -271 -232 -119 -151 -122 -148 -153
Acquisitions		 - - - 0.00 0.00 -389 -21 -31 0.00 0.00
Purchase of Investments		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Divestitures		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other Investing Activities, net		 0.00 0.00 -0.10 3.40 -7.70 5.40 7.90 -2.60 0.20 0.10
Net Cash From Financing Activities		 -351 -719 -579 -154 884 770 -164 -261 532 995
Net Cash From Continuing Financing Activities		 1,443 1,318 566 -154 883 770 -164 -261 532 995
Repayment of Debt		 -576 -354 -29 -586 -130 -1,303 -757 -868 -1,311 -122
Repurchase of Common Equity		 -300 -650 -496 -806 -76 0.00 0.00 0.00 0.00 0.00
Payment of Dividends		 0.00 0.00 -47 -48 -50 -15 -4.30 -4.20 0.00 0.00
Issuance of Debt		 535 300 7.60 1,300 1,150 2,100 600 900 1,628 1,126
Issuance of Common Equity		 - 0.00 0.00 2.10 2.60 2.60 3.00 7.60 227 7.60
Other Financing Activities, net		 -10 -15 -14 -16 -14 -15 -5.20 -297 -13 -17
Cash Interest Paid		 52 45 44 70 93 147 198 223 285 330
Cash Income Taxes Paid		 -70 191 102 202 105 63 314 15 2.80 0.00

Quarterly Cash Flow Statements for Spirit AeroSystems

This table details how cash moves in and out of Spirit AeroSystems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents		 -70 -42 -271 139 -316 616 -466 318 -452 320
Net Cash From Operating Activities		 -36 -27 -46 -183 -111 114 -416 -566 -276 137
Net Cash From Continuing Operating Activities		 -31 -30 -228 -178 -106 286 -413 -560 -273 125
Net Income / (Loss) Continuing Operations		 -128 303 -281 -206 -204 692 -617 -415 -477 1,509
Consolidated Net Income / (Loss)		 -128 -244 -281 -206 -204 76 -617 -415 -477 -630
Depreciation Expense		 84 84 80 78 79 79 78 78 77 73
Amortization Expense		 1.90 4.80 1.70 1.80 1.70 6.30 1.70 1.70 5.50 5.30
Non-Cash Adjustments To Reconcile Net Income		 -125 127 -1.00 -95 -42 36 75 -117 70 -298
Changes in Operating Assets and Liabilities, net		 135 -1.50 -27 44 59 90 49 -107 51 976
Net Cash From Investing Activities		 -41 -67 -23 -28 -25 -71 -29 -32 -46 -46
Net Cash From Continuing Investing Activities		 -34 -79 -23 -28 -25 -71 -29 -32 -47 -46
Purchase of Property, Plant & Equipment		 -38 -39 -23 -28 -25 -72 -29 -32 -47 -46
Other Investing Activities, net		 3.90 -8.70 0.00 - - 0.20 0.00 - -0.10 0.20
Net Cash From Financing Activities		 -13 74 -20 165 -11 398 -22 450 336 230
Net Cash From Continuing Financing Activities		 -13 74 -20 345 -185 392 -22 915 -129 230
Repayment of Debt		 -11 -542 -16 163 -198 -1,260 -17 449 -532 -22
Issuance of Debt		 - 900 0.70 181 13 1,434 0.00 463 404 259
Issuance of Common Equity		 - 5.70 0.00 2.60 - 224 0.00 3.80 - 3.80
Other Financing Activities, net		 -0.50 -290 -4.80 -1.10 -0.20 -6.50 -4.50 -0.60 -0.30 -12

Annual Balance Sheets for Spirit AeroSystems

This table presents Spirit AeroSystems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets		 5,765 5,405 5,268 5,686 7,606 8,384 7,737 6,666 6,950 6,763
Total Current Assets		 3,299 2,910 2,651 2,849 4,643 4,485 3,806 3,158 3,752 3,761
Cash & Equivalents		 957 698 423 774 2,351 1,873 1,479 659 824 537
Restricted Cash		 - 0.00 2.20 0.30 0.30 0.30 0.30 0.20 0.10 0.00
Accounts Receivable		 537 661 722 1,015 1,075 853 905 991 1,108 1,173
Inventories, net		 1,774 1,515 1,450 1,013 1,119 1,422 1,383 1,471 1,767 1,892
Other Current Assets		 30 37 54 48 99 336 40 38 53 58
Other Current Nonoperating Assets		 - - - - - - - - 0.00 101
Plant, Property, & Equipment, net		 1,951 1,992 2,105 2,168 2,272 2,504 2,386 2,206 2,084 1,948
Total Noncurrent Assets		 515 503 511 669 691 1,395 1,546 1,302 1,114 1,054
Noncurrent Note & Lease Receivables		 - - - - 6.40 4.40 0.00 1.20 0.00 0.00
Goodwill		 - - - - 2.40 565 624 631 631 630
Intangible Assets		 - - - - 1.20 215 212 211 196 150
Noncurrent Deferred & Refundable Income Taxes		 - - - 205 107 0.10 0.40 4.80 0.10 0.10
Employee Benefit Assets		 247 282 347 327 449 456 533 268 95 91
Other Noncurrent Operating Assets		 268 221 164 137 126 154 177 186 192 184
Total Liabilities & Shareholders' Equity		 5,765 5,405 5,268 5,686 7,606 8,384 7,737 6,666 6,950 6,763
Total Liabilities		 3,645 3,476 3,466 4,448 5,844 7,527 7,289 6,910 7,446 9,379
Total Current Liabilities		 1,458 1,544 1,621 1,582 1,761 1,709 1,876 1,953 2,198 3,567
Short-Term Debt		 35 27 31 31 50 341 50 54 65 425
Accounts Payable		 618 580 693 903 1,058 559 720 920 1,107 1,041
Accrued Expenses		 230 216 269 313 240 366 376 412 420 453
Current Deferred Revenue		 476 526 186 38 40 41 211 47 88 766
Current Employee Benefit Liabilities		 62 101 110 68 85 57 64 41 16 59
Other Current Liabilities		 38 94 332 229 288 346 456 480 503 805
Other Current Nonoperating Liabilities		 - - - - - - - - 0.00 19
Total Noncurrent Liabilities		 2,186 1,932 1,845 2,866 4,083 5,818 5,413 4,958 5,248 5,811
Long-Term Debt		 1,085 1,060 1,120 1,864 2,984 3,533 3,743 3,815 4,019 3,970
Noncurrent Deferred Revenue		 677 489 393 263 368 366 233 249 559 600
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 0.80 8.30 13 22 1.30 9.10 7.80
Noncurrent Employee Benefit Liabilities		 68 44 41 35 36 440 75 25 30 25
Other Noncurrent Operating Liabilities		 356 340 292 703 688 1,465 1,340 867 631 1,209
Total Equity & Noncontrolling Interests		 2,120 1,929 1,802 1,238 1,762 857 449 -244 -496 -2,616
Total Preferred & Common Equity		 2,120 1,928 1,802 1,238 1,761 857 448 -248 -500 -2,622
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 2,978 4,086 4,963 1,237 1,760 857 448 -248 -500 -2,622
Common Stock		 1,053 1,080 1,088 1,101 1,125 1,141 1,147 1,181 1,430 1,459
Retained Earnings		 1,656 2,114 2,422 2,713 3,201 2,326 1,781 1,233 616 -1,524
Treasury Stock		 -429 -1,079 1,581 -2,381 -2,457 -2,457 -2,457 -2,457 -2,457 -2,457
Accumulated Other Comprehensive Income / (Loss)		 -161 -187 -129 -197 -109 -154 -24 -204 -90 -100
Noncontrolling Interest		 0.50 0.50 0.50 0.50 0.50 0.50 0.50 3.70 3.80 5.50

Quarterly Balance Sheets for Spirit AeroSystems

This table presents Spirit AeroSystems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets		 6,714 6,575 6,545 6,538 6,765 6,859 7,049
Total Current Assets		 3,170 3,288 3,291 3,321 3,608 3,726 3,934
Cash & Equivalents		 671 568 526 374 352 206 218
Restricted Cash		 0.20 0.20 0.20 0.20 0.10 0.00 0.00
Accounts Receivable		 1,074 1,114 1,080 1,206 1,402 1,565 1,632
Inventories, net		 1,392 1,549 1,636 1,690 1,798 1,893 2,021
Other Current Assets		 33 57 49 51 57 61 63
Plant, Property, & Equipment, net		 2,215 2,161 2,125 2,084 2,040 2,008 1,986
Total Noncurrent Assets		 1,328 1,126 1,129 1,133 1,116 1,125 1,129
Goodwill		 623 631 631 631 631 631 631
Intangible Assets		 201 208 204 200 192 189 185
Noncurrent Deferred & Refundable Income Taxes		 1.10 4.30 0.30 0.10 0.10 0.10 0.10
Employee Benefit Assets		 315 86 88 90 37 41 48
Other Noncurrent Operating Assets		 187 197 206 212 255 264 265
Total Liabilities & Shareholders' Equity		 6,714 6,575 6,545 6,538 6,765 6,859 7,049
Total Liabilities		 6,759 7,019 7,174 7,394 7,878 8,372 8,986
Total Current Liabilities		 2,238 2,096 2,186 2,350 2,368 2,855 3,432
Short-Term Debt		 355 55 56 64 81 77 868
Accounts Payable		 848 948 974 1,030 1,138 1,114 1,091
Accrued Expenses		 445 505 408 480 484 429 521
Current Deferred Revenue		 184 160 210 85 277 326 431
Current Employee Benefit Liabilities		 15 22 14 18 22 42 54
Other Current Liabilities		 390 405 523 673 365 867 468
Total Noncurrent Liabilities		 4,522 4,924 4,988 5,044 5,511 5,518 5,553
Long-Term Debt		 3,428 3,816 3,815 3,811 3,991 3,984 4,184
Noncurrent Deferred Revenue		 477 472 499 364 503 494 488
Noncurrent Deferred & Payable Income Tax Liabilities		 2.60 1.60 3.80 8.20 17 19 13
Noncurrent Employee Benefit Liabilities		 30 24 23 22 29 28 27
Other Noncurrent Operating Liabilities		 584 610 647 838 970 992 841
Total Equity & Noncontrolling Interests		 -46 -445 -629 -856 -1,114 -1,514 -1,937
Total Preferred & Common Equity		 -46 -448 -632 -859 -1,118 -1,518 -1,941
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -46 -448 -632 -859 -1,118 -1,518 -1,941
Common Stock		 1,171 1,185 1,197 1,206 1,437 1,450 1,460
Retained Earnings		 1,476 951 745 541 -0.40 -416 -893
Treasury Stock		 -2,457 -2,457 -2,457 -2,457 -2,457 -2,457 -2,457
Accumulated Other Comprehensive Income / (Loss)		 -236 -128 -118 -150 -97 -95 -51
Noncontrolling Interest		 0.50 3.60 3.50 3.70 3.90 4.10 4.40

Annual Metrics and Ratios for Spirit AeroSystems

This table displays calculated financial ratios and metrics derived from Spirit AeroSystems' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -2.28% 2.24% 2.80% 3.42% 8.88% -56.70% 16.10% 27.24% 20.25% 4.44%
EBITDA Growth		 90.76% -9.81% -16.06% 36.66% -6.90% -158.66% 104.83% 82.52% 0.57% -2,897.14%
EBIT Growth		 145.59% -16.61% -19.71% 45.10% -9.71% -217.96% 64.90% 5.53% 7.01% -551.17%
NOPAT Growth		 73.98% -38.80% -31.45% 94.81% -11.48% -193.51% 43.50% 38.76% 52.28% -1,230.92%
Net Income Growth		 119.82% -40.45% -24.44% 73.85% -14.08% -264.18% 37.86% -1.00% -12.80% -247.18%
EPS Growth		 123.72% -34.63% -18.65% 87.71% -10.44% -265.61% 38.07% -0.39% -10.94% -216.96%
Operating Cash Flow Growth		 256.66% -44.41% -19.97% 34.20% 19.85% -180.73% 91.52% -524.37% 42.78% -396.41%
Free Cash Flow Firm Growth		 204.97% -49.80% -70.07% 495.17% -38.85% -287.62% 76.90% -76.90% 126.97% 227.90%
Invested Capital Growth		 -4.78% 1.53% 9.03% -6.62% 3.64% 16.83% -3.32% 7.38% -6.81% -58.05%
Revenue Q/Q Growth		 0.53% -0.58% 2.11% 1.70% 1.60% -24.13% 5.15% 5.23% 8.87% -2.49%
EBITDA Q/Q Growth		 84.81% -3.05% 8.60% 1.10% -11.39% -50.29% 218.67% -69.28% 116.33% -104.56%
EBIT Q/Q Growth		 125.81% -5.54% 13.20% 0.95% -15.23% -31.94% 12.02% -61.10% 57.90% -71.16%
NOPAT Q/Q Growth		 30.37% -5.89% 2.24% 13.32% -15.80% -32.01% 4.65% -27.01% 72.50% -79.69%
Net Income Q/Q Growth		 44.93% -6.02% 4.29% 9.75% -17.17% -71.76% 24.51% 0.78% 58.89% 4.94%
EPS Q/Q Growth		 45.13% -2.89% 5.61% 11.66% -16.64% -71.37% 24.67% -28.64% 34.98% -50.91%
Operating Cash Flow Q/Q Growth		 292.60% -19.87% -25.21% 49.06% 0.17% -82.26% 46.80% 11.11% 38.42% 2.00%
Free Cash Flow Firm Q/Q Growth		 13.60% -23.25% -69.50% 115.01% -29.45% -15.95% -12.36% 36.76% 34.57% 137.36%
Invested Capital Q/Q Growth		 -1.70% 3.28% 19.29% 1.38% 5.90% 4.89% 6.71% -3.30% 4.49% -59.99%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 16.73% 14.61% 11.28% 15.04% 13.69% -12.94% -2.98% 0.97% 3.41% -21.73%
EBITDA Margin		 15.79% 13.92% 11.37% 15.02% 12.85% -17.40% 0.72% 1.04% 0.87% -23.25%
Operating Margin		 12.99% 10.68% 7.62% 11.68% 9.68% -23.87% -11.62% -5.59% -2.22% -28.28%
EBIT Margin		 12.96% 10.57% 8.25% 11.58% 9.60% -26.16% -7.91% -5.87% -4.54% -28.31%
Profit (Net Income) Margin		 11.87% 6.91% 5.08% 8.54% 6.74% -25.56% -13.68% -10.86% -10.19% -33.86%
Tax Burden Percent		 97.60% 71.11% 66.39% 81.59% 79.94% 80.15% 97.41% 101.26% 103.84% 99.88%
Interest Burden Percent		 93.88% 92.02% 92.76% 90.43% 87.83% 121.93% 177.61% 182.66% 216.06% 119.77%
Effective Tax Rate		 2.55% 29.08% 33.67% 18.49% 20.03% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 35.94% 22.38% 14.56% 28.13% 25.33% -21.46% -11.44% -6.87% -3.28% -63.73%
ROIC Less NNEP Spread (ROIC-NNEP)		 24.79% 6.07% 14.94% 20.52% 16.65% -43.92% -21.61% -19.52% -19.42% -89.00%
Return on Net Nonoperating Assets (RNNOA)		 6.22% 0.83% 4.46% 12.47% 10.02% -45.00% -71.39% -526.01% 169.86% 201.21%
Return on Equity (ROE)		 42.15% 23.20% 19.03% 40.60% 35.34% -66.46% -82.83% -532.88% 166.58% 137.47%
Cash Return on Invested Capital (CROIC)		 40.84% 20.86% 5.93% 34.98% 21.75% -36.99% -8.06% -13.99% 3.77% 18.06%
Operating Return on Assets (OROA)		 15.76% 12.85% 10.80% 15.27% 11.36% -11.14% -3.88% -4.10% -4.03% -26.08%
Return on Assets (ROA)		 14.44% 8.41% 6.65% 11.27% 7.98% -10.89% -6.71% -7.58% -9.05% -31.20%
Return on Common Equity (ROCE)		 54.72% 40.48% 46.16% 82.80% 35.30% -66.41% -82.77% -521.96% 168.27% 137.88%
Return on Equity Simple (ROE_SIMPLE)		 37.21% 24.36% 19.69% 49.85% 30.10% -101.61% -120.63% 220.69% 123.29% 81.59%
Net Operating Profit after Tax (NOPAT)		 841 515 353 687 608 -569 -321 -197 -94 -1,250
NOPAT Margin		 12.66% 7.58% 5.05% 9.52% 7.74% -16.71% -8.13% -3.91% -1.55% -19.79%
Net Nonoperating Expense Percent (NNEP)		 11.15% 16.31% -0.38% 7.61% 8.68% 22.46% 10.17% 12.65% 16.14% 25.26%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -5.43% -2.62% -70.31%
Cost of Revenue to Revenue		 83.27% 85.39% 88.72% 84.96% 86.31% 112.94% 102.98% 99.03% 96.59% 121.73%
SG&A Expenses to Revenue		 3.32% 3.40% 2.93% 2.91% 3.32% 6.97% 7.08% 5.55% 4.76% 5.79%
R&D to Revenue		 0.42% 0.35% 0.45% 0.59% 0.69% 1.14% 1.35% 1.00% 0.75% 0.75%
Operating Expenses to Revenue		 3.74% 3.93% 3.66% 3.36% 4.02% 10.93% 8.64% 6.56% 5.63% 6.55%
Earnings before Interest and Taxes (EBIT)		 861 718 576 836 755 -891 -313 -295 -275 -1,788
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,049 946 794 1,085 1,010 -593 29 52 53 -1,469
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.31 1.70 2.00 6.12 4.27 4.81 10.09 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 2.31 1.70 2.00 6.12 4.28 54.24 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.03 1.02 1.42 1.05 0.96 1.21 1.14 0.62 0.55 0.63
Price to Earnings (P/E)		 8.72 14.80 28.01 12.27 14.18 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.18% 0.47% 0.64% 0.66% 0.10% 0.09% 0.14% 0.00% 0.00%
Earnings Yield		 11.47% 6.76% 3.57% 8.15% 7.05% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.08 3.17 4.22 3.68 3.35 2.14 2.48 2.13 2.39 6.77
Enterprise Value to Revenue (EV/Rev)		 1.06 1.08 1.53 1.20 1.04 1.80 1.73 1.26 1.09 1.24
Enterprise Value to EBITDA (EV/EBITDA)		 6.71 7.76 13.43 8.01 8.12 0.00 239.02 121.25 126.07 0.00
Enterprise Value to EBIT (EV/EBIT)		 8.18 10.23 18.51 10.40 10.86 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 8.37 14.27 30.23 12.65 13.48 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.46 10.24 18.59 11.29 8.89 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.36 15.30 74.28 10.17 15.69 0.00 0.00 0.00 61.25 22.15
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.53 0.56 0.64 1.53 1.72 4.52 8.45 -15.87 -8.23 -1.68
Long-Term Debt to Equity		 0.51 0.55 0.62 1.51 1.69 4.12 8.34 -15.65 -8.10 -1.52
Financial Leverage		 0.25 0.14 0.30 0.61 0.60 1.02 3.30 26.94 -8.75 -2.26
Leverage Ratio		 2.92 2.76 2.86 3.60 4.43 6.11 12.35 70.26 -18.41 -4.41
Compound Leverage Factor		 2.74 2.54 2.65 3.26 3.89 7.44 21.93 128.34 -39.77 -5.28
Debt to Total Capital		 34.57% 36.04% 38.98% 60.49% 63.26% 81.88% 89.42% 106.73% 113.82% 247.12%
Short-Term Debt to Total Capital		 1.08% 0.89% 1.05% 1.00% 1.05% 7.20% 1.17% 1.48% 1.81% 23.87%
Long-Term Debt to Total Capital		 33.49% 35.15% 37.93% 59.49% 62.22% 74.68% 88.25% 105.24% 112.02% 223.24%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.10% 0.11% 0.31%
Common Equity to Total Capital		 91.90% 135.50% 168.09% 39.46% 36.70% 18.11% 10.57% -6.83% -13.93% -147.42%
Debt to EBITDA		 1.07 1.15 1.45 1.75 3.00 -6.54 132.59 74.11 77.78 -2.99
Net Debt to EBITDA		 0.16 0.41 0.91 1.03 0.68 -3.38 80.88 61.49 62.09 -2.63
Long-Term Debt to EBITDA		 1.03 1.12 1.41 1.72 2.95 -5.96 130.86 73.08 76.55 -2.70
Debt to NOPAT		 1.33 2.11 3.26 2.76 4.99 -6.81 -11.80 -19.65 -43.47 -3.51
Net Debt to NOPAT		 0.19 0.76 2.06 1.63 1.12 -3.52 -7.20 -16.31 -34.70 -3.09
Long-Term Debt to NOPAT		 1.29 2.06 3.17 2.71 4.90 -6.21 -11.64 -19.38 -42.78 -3.18
Altman Z-Score		 3.56 3.75 4.29 3.71 3.18 1.17 1.37 1.35 1.40 0.04
Noncontrolling Interest Sharing Ratio		 -29.82% -74.47% -142.57% -103.95% 0.11% 0.08% 0.08% 2.05% -1.01% -0.30%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 2.26 1.88 1.64 1.80 2.64 2.62 2.03 1.62 1.71 1.05
Quick Ratio		 1.02 0.88 0.71 1.13 1.95 1.59 1.27 0.84 0.88 0.48
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 956 480 144 855 523 -981 -227 -401 108 354
Operating Cash Flow to CapEx		 360.86% 282.91% 210.38% 283.89% 397.37% -626.49% -41.97% -324.51% -152.57% -735.02%
Free Cash Flow to Firm to Interest Expense		 18.13 8.37 3.44 10.68 5.69 -5.02 -0.93 -1.64 0.34 1.00
Operating Cash Flow to Interest Expense		 24.47 12.51 13.76 9.62 10.04 -3.81 -0.26 -1.62 -0.71 -3.17
Operating Cash Flow Less CapEx to Interest Expense		 17.69 8.09 7.22 6.23 7.51 -4.42 -0.88 -2.11 -1.17 -3.60
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 1.22 1.22 1.31 1.32 1.18 0.43 0.49 0.70 0.89 0.92
Accounts Receivable Turnover		 11.63 11.35 10.10 8.32 7.53 3.53 4.50 5.31 5.76 5.54
Inventory Turnover		 3.14 3.53 4.18 4.98 6.37 3.03 2.90 3.49 3.61 4.20
Fixed Asset Turnover		 3.56 3.45 3.41 3.38 3.54 1.43 1.62 2.19 2.82 3.13
Accounts Payable Turnover		 9.00 9.68 9.73 7.69 6.92 4.76 6.36 6.07 5.77 7.16
Days Sales Outstanding (DSO)		 31.39 32.17 36.14 43.89 48.49 103.32 81.14 68.77 63.34 65.92
Days Inventory Outstanding (DIO)		 116.36 103.51 87.35 73.24 57.32 120.60 125.75 104.54 101.16 86.85
Days Payable Outstanding (DPO)		 40.56 37.69 37.49 47.46 52.73 76.75 57.35 60.09 63.31 50.98
Cash Conversion Cycle (CCC)		 107.19 97.99 85.99 69.67 53.07 147.16 149.54 113.22 101.18 101.79
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 2,283 2,318 2,527 2,360 2,445 2,857 2,762 2,966 2,764 1,159
Invested Capital Turnover		 2.84 2.95 2.88 2.96 3.27 1.28 1.41 1.76 2.11 3.22
Increase / (Decrease) in Invested Capital		 -115 35 209 -167 86 412 -95 204 -202 -1,605
Enterprise Value (EV)		 7,037 7,343 10,667 8,694 8,202 6,122 6,836 6,329 6,619 7,847
Market Capitalization		 6,874 6,953 9,941 7,572 7,518 4,122 4,522 3,116 3,355 3,984
Book Value per Share		 $21.21 $33.59 $42.92 $11.67 $17.00 $8.11 $4.27 ($2.35) ($4.73) ($22.42)
Tangible Book Value per Share		 $21.21 $33.59 $42.92 $11.67 $16.97 $0.72 ($3.69) ($10.35) ($12.57) ($29.09)
Total Capital		 3,240 3,016 2,953 3,134 4,796 4,731 4,241 3,625 3,588 1,778
Total Debt		 1,120 1,087 1,151 1,895 3,034 3,874 3,792 3,869 4,084 4,394
Total Long-Term Debt		 1,085 1,060 1,120 1,864 2,984 3,533 3,743 3,815 4,019 3,970
Net Debt		 163 389 726 1,122 684 2,000 2,313 3,210 3,260 3,857
Capital Expenditures (CapEx)		 357 253 273 271 232 119 151 122 148 153
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 918 695 636 525 582 1,243 501 601 795 81
Debt-free Net Working Capital (DFNWC)		 1,876 1,393 1,061 1,299 2,933 3,116 1,980 1,260 1,618 618
Net Working Capital (NWC)		 1,841 1,366 1,030 1,267 2,882 2,776 1,930 1,206 1,554 193
Net Nonoperating Expense (NNE)		 52 45 -2.09 70 78 301 219 349 522 889
Net Nonoperating Obligations (NNO)		 163 389 726 1,122 684 2,000 2,313 3,210 3,260 3,775
Total Depreciation and Amortization (D&A)		 188 228 218 249 255 298 341 348 327 320
Debt-free, Cash-free Net Working Capital to Revenue		 13.82% 10.23% 9.10% 7.27% 7.40% 36.50% 12.66% 11.94% 13.14% 1.28%
Debt-free Net Working Capital to Revenue		 28.23% 20.51% 15.20% 17.98% 37.29% 91.53% 50.08% 25.04% 26.76% 9.78%
Net Working Capital to Revenue		 27.71% 20.11% 14.75% 17.55% 36.66% 81.52% 48.82% 23.97% 25.69% 3.06%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.69 $3.72 $3.04 $5.71 $5.11 ($8.38) ($5.19) ($5.21) ($5.78) ($18.32)
Adjusted Weighted Average Basic Shares Outstanding		 135.52M 121.63M 114.49M 105.46M 104.78M 105.42M 105.04M 105.25M 116.05M 117.27M
Adjusted Diluted Earnings per Share		 $5.66 $3.70 $3.01 $5.65 $5.06 ($8.38) ($5.19) ($5.21) ($5.78) ($18.32)
Adjusted Weighted Average Diluted Shares Outstanding		 135.52M 121.63M 114.49M 105.46M 104.78M 105.42M 105.04M 105.25M 116.05M 117.27M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $5.11 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 135.52M 121.63M 114.49M 105.46M 104.78M 105.42M 105.04M 105.25M 116.05M 117.27M
Normalized Net Operating Profit after Tax (NOPAT)		 841 515 353 687 608 -502 -316 -197 -89 -1,250
Normalized NOPAT Margin		 12.66% 7.58% 5.05% 9.52% 7.74% -14.74% -7.99% -3.91% -1.47% -19.79%
Pre Tax Income Margin		 12.16% 9.72% 7.66% 10.47% 8.43% -31.89% -14.05% -10.72% -9.81% -33.90%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 16.33 12.53 13.82 10.45 8.22 -4.56 -1.29 -1.21 -0.86 -5.06
NOPAT to Interest Expense		 15.96 8.98 8.46 8.59 6.62 -2.91 -1.33 -0.81 -0.29 -3.54
EBIT Less CapEx to Interest Expense		 9.55 8.10 7.28 7.06 5.69 -5.17 -1.91 -1.71 -1.33 -5.49
NOPAT Less CapEx to Interest Expense		 9.18 4.56 1.92 5.20 4.09 -3.52 -1.95 -1.30 -0.76 -3.97
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 13.27% 7.78% 9.51% -1.77% -0.80% -0.77% 0.00% 0.00%
Augmented Payout Ratio		 38.04% 138.30% 153.11% 138.38% 23.81% -1.77% -0.80% -0.77% 0.00% 0.00%

Quarterly Metrics and Ratios for Spirit AeroSystems

This table displays calculated financial ratios and metrics derived from Spirit AeroSystems' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 30.30% 23.36% 21.85% 8.49% 12.69% 37.33% 18.96% 9.32% 2.20% -8.91%
EBITDA Growth		 121.46% -533.03% -258.67% -425.00% -193.81% 396.19% -240.49% -396.06% -560.00% -268.45%
EBIT Growth		 39.16% -157.52% -4,622.22% -85.88% -236.17% 206.28% -147.20% -153.95% -203.09% -382.01%
NOPAT Growth		 102.87% -75.70% -125.36% -15.00% -3,071.11% 272.47% -454.78% -175.17% -161.85% -341.08%
Net Income Growth		 -124.65% 3.57% -965.34% -237.73% -59.87% 761.29% -119.25% -101.21% -133.70% 14.48%
EPS Growth		 -11.93% -100.87% -425.49% -67.52% -59.02% 134.63% -98.13% -81.63% -109.79% -772.50%
Operating Cash Flow Growth		 -116.92% 64.44% 82.90% -197.24% -209.52% 518.01% -799.57% -209.35% -150.14% 20.14%
Free Cash Flow Firm Growth		 -1,937.52% -860.25% 161.37% 204.30% 169.04% 222.76% -232.82% -66.73% -251.62% 224.87%
Invested Capital Growth		 18.49% 7.38% -5.14% -15.86% -13.76% -6.81% -8.82% -13.78% 9.55% -58.05%
Revenue Q/Q Growth		 1.51% 3.38% 8.43% -4.66% 5.44% 25.99% -6.07% -12.39% -1.43% 12.29%
EBITDA Q/Q Growth		 210.90% -294.64% -38.67% 61.27% 10.26% 714.51% -259.41% 43.57% -19.40% -56.84%
EBIT Q/Q Growth		 46.36% -386.97% -16.06% 38.68% 2.99% 253.96% -369.94% 37.01% -15.78% -43.25%
NOPAT Q/Q Growth		 104.30% -3,184.44% 31.48% -26.60% -11.05% 279.04% -320.40% 37.21% -5.67% -64.84%
Net Income Q/Q Growth		 -108.84% 54.55% -387.01% 26.63% 1.14% 288.01% -541.57% 32.67% -14.82% 192.10%
EPS Q/Q Growth		 -4.27% -89.34% -16.02% 26.87% 1.02% 141.24% -763.75% 32.96% -14.33% -32.19%
Operating Cash Flow Q/Q Growth		 41.95% 23.81% -69.85% -295.67% 39.55% 202.90% -465.52% -36.07% 51.12% 149.42%
Free Cash Flow Firm Q/Q Growth		 -15.99% 36.69% 129.34% 384.12% -23.22% 12.57% -131.75% 221.28% -449.83% 341.20%
Invested Capital Q/Q Growth		 -4.98% -3.30% -3.63% -4.98% -2.61% 4.49% -5.71% -10.14% 23.74% -59.99%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 6.49% -3.75% -0.06% -2.26% -3.73% 16.07% -25.58% -15.65% -16.73% -27.70%
EBITDA Margin		 3.80% -7.15% -9.14% -3.72% -3.16% 15.42% -26.17% -16.86% -20.42% -28.52%
Operating Margin		 0.35% -10.51% -6.64% -8.82% -9.29% 11.86% -30.98% -22.21% -23.81% -34.95%
EBIT Margin		 -2.94% -13.87% -14.85% -9.55% -8.78% 10.73% -30.85% -22.18% -26.05% -33.23%
Profit (Net Income) Margin		 -19.99% -8.79% -39.30% -30.24% -28.36% 42.31% -72.43% -55.66% -64.84% 53.18%
Tax Burden Percent		 270.34% 45.24% 197.44% 202.40% 202.48% 790.82% 203.68% 200.97% 201.20% -135.32%
Interest Burden Percent		 251.06% 140.03% 134.07% 156.49% 159.41% 49.85% 115.27% 124.87% 123.70% 118.26%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 22.06% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.42% -12.93% -8.37% -11.21% -12.65% 19.51% -50.16% -39.62% -38.95% -78.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 -9.38% -13.61% -25.09% -21.56% -22.16% 38.05% -74.77% -56.25% -55.95% -42.32%
Return on Net Nonoperating Assets (RNNOA)		 -130.46% -366.61% 2,385.87% 339.49% 162.60% -332.76% 336.94% 189.04% 167.02% 95.68%
Return on Equity (ROE)		 -130.04% -379.53% 2,377.50% 328.28% 149.95% -313.25% 286.78% 149.42% 128.07% 16.91%
Cash Return on Invested Capital (CROIC)		 -22.41% -13.99% -2.69% 8.99% 2.81% 3.77% -5.30% -6.73% -34.22% 18.06%
Operating Return on Assets (OROA)		 -1.95% -9.69% -11.16% -7.61% -7.36% 9.54% -29.23% -21.33% -24.84% -30.62%
Return on Assets (ROA)		 -13.22% -6.14% -29.54% -24.10% -23.77% 37.59% -68.62% -53.54% -61.83% 49.00%
Return on Common Equity (ROCE)		 -129.70% -371.76% 2,533.71% 331.54% 150.64% -316.42% 288.16% 149.95% 128.44% 16.96%
Return on Equity Simple (ROE_SIMPLE)		 1,194.14% 0.00% 235.48% 212.82% 174.39% 0.00% 115.15% 112.33% 115.94% 0.00%
Net Operating Profit after Tax (NOPAT)		 3.15 -97 -67 -84 -94 168 -369 -232 -245 -404
NOPAT Margin		 0.25% -7.36% -4.65% -6.18% -6.50% 9.24% -21.69% -15.54% -16.66% -24.46%
Net Nonoperating Expense Percent (NNEP)		 9.79% 0.68% 16.72% 10.35% 9.51% -18.53% 24.60% 16.62% 17.00% -36.45%
Return On Investment Capital (ROIC_SIMPLE)		 - -2.68% - - - 4.67% - - - -22.72%
Cost of Revenue to Revenue		 93.51% 103.75% 100.06% 102.26% 103.73% 83.93% 125.58% 115.65% 116.73% 127.70%
SG&A Expenses to Revenue		 5.41% 5.71% 5.41% 5.53% 4.86% 3.58% 4.79% 5.60% 6.38% 6.46%
R&D to Revenue		 0.73% 1.05% 0.74% 0.97% 0.70% 0.63% 0.62% 0.90% 0.71% 0.79%
Operating Expenses to Revenue		 6.14% 6.76% 6.59% 6.57% 5.62% 4.17% 5.41% 6.56% 7.08% 7.25%
Earnings before Interest and Taxes (EBIT)		 -38 -183 -213 -130 -126 195 -525 -331 -383 -549
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 49 -94 -131 -51 -46 280 -446 -252 -300 -471
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.49 0.62 0.68 0.57 0.31 0.55 0.60 0.59 0.60 0.63
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.18% 0.14% 0.12% 0.14% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.77 2.13 2.42 2.37 1.97 2.39 2.89 3.28 3.00 6.77
Enterprise Value to Revenue (EV/Rev)		 1.14 1.26 1.31 1.19 0.94 1.09 1.19 1.19 1.34 1.24
Enterprise Value to EBITDA (EV/EBITDA)		 32.01 121.25 0.00 0.00 0.00 126.07 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 24.13 65.00 61.25 0.00 0.00 0.00 22.15
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 -82.97 -15.87 -8.71 -6.16 -4.53 -8.23 -3.66 -2.68 -2.61 -1.68
Long-Term Debt to Equity		 -75.18 -15.65 -8.58 -6.07 -4.45 -8.10 -3.58 -2.63 -2.16 -1.52
Financial Leverage		 13.91 26.94 -95.09 -15.75 -7.34 -8.75 -4.51 -3.36 -2.99 -2.26
Leverage Ratio		 38.12 70.26 -225.41 -33.58 -14.70 -18.41 -8.56 -6.26 -4.87 -4.41
Compound Leverage Factor		 95.70 98.39 -302.20 -52.55 -23.44 -9.18 -9.87 -7.81 -6.02 -5.21
Debt to Total Capital		 101.22% 106.73% 112.98% 119.40% 128.34% 113.82% 137.65% 159.40% 162.16% 247.12%
Short-Term Debt to Total Capital		 9.51% 1.48% 1.61% 1.73% 2.13% 1.81% 2.74% 3.04% 27.87% 23.87%
Long-Term Debt to Total Capital		 91.71% 105.24% 111.37% 117.67% 126.21% 112.02% 134.91% 156.36% 134.29% 223.24%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.01% 0.10% 0.11% 0.11% 0.12% 0.11% 0.13% 0.16% 0.14% 0.31%
Common Equity to Total Capital		 -1.23% -6.83% -13.08% -19.51% -28.46% -13.93% -37.78% -59.56% -62.30% -147.42%
Debt to EBITDA		 22.27 74.11 -24.01 -17.01 -12.05 77.78 -15.53 -8.77 -7.04 -2.99
Net Debt to EBITDA		 18.32 61.49 -20.49 -14.70 -10.89 62.09 -14.18 -8.33 -6.73 -2.63
Long-Term Debt to EBITDA		 20.18 73.08 -23.67 -16.77 -11.85 76.55 -15.22 -8.60 -5.83 -2.70
Debt to NOPAT		 -24.41 -19.65 -16.55 -15.81 -11.34 -43.47 -10.27 -7.46 -7.26 -3.51
Net Debt to NOPAT		 -20.08 -16.31 -14.12 -13.66 -10.25 -34.70 -9.38 -7.08 -6.95 -3.09
Long-Term Debt to NOPAT		 -22.12 -19.38 -16.32 -15.58 -11.16 -42.78 -10.06 -7.32 -6.01 -3.18
Altman Z-Score		 1.37 1.41 1.43 1.38 1.22 1.63 1.19 1.12 0.91 0.64
Noncontrolling Interest Sharing Ratio		 0.26% 2.05% -6.57% -0.99% -0.47% -1.01% -0.48% -0.35% -0.29% -0.30%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 1.42 1.62 1.57 1.51 1.41 1.71 1.52 1.31 1.15 1.05
Quick Ratio		 0.78 0.84 0.80 0.73 0.67 0.88 0.74 0.62 0.54 0.48
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -476 -301 88 428 328 370 -117 142 -498 1,201
Operating Cash Flow to CapEx		 -95.20% -69.92% -201.75% -643.66% -438.49% 159.02% -1,448.08% -1,789.56% -594.41% 298.91%
Free Cash Flow to Firm to Interest Expense		 -8.37 -4.11 1.22 5.81 4.37 3.79 -1.46 1.73 -5.48 11.98
Operating Cash Flow to Interest Expense		 -0.63 -0.37 -0.64 -2.48 -1.47 1.17 -5.18 -6.87 -3.04 1.36
Operating Cash Flow Less CapEx to Interest Expense		 -1.29 -0.90 -0.95 -2.87 -1.81 0.43 -5.54 -7.26 -3.56 0.91
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.66 0.70 0.75 0.80 0.84 0.89 0.95 0.96 0.95 0.92
Accounts Receivable Turnover		 4.75 5.31 6.24 5.03 4.87 5.76 5.02 4.87 4.56 5.54
Inventory Turnover		 3.44 3.49 3.59 3.62 3.69 3.61 3.91 3.90 3.83 4.20
Fixed Asset Turnover		 2.07 2.19 2.36 2.46 2.58 2.82 3.01 3.12 3.18 3.13
Accounts Payable Turnover		 6.26 6.07 6.16 6.04 6.06 5.77 6.28 6.59 6.70 7.16
Days Sales Outstanding (DSO)		 76.84 68.77 58.47 72.59 74.91 63.34 72.64 74.90 79.96 65.92
Days Inventory Outstanding (DIO)		 106.16 104.54 101.64 100.95 98.87 101.16 93.28 93.66 95.36 86.85
Days Payable Outstanding (DPO)		 58.30 60.09 59.22 60.43 60.25 63.31 58.15 55.41 54.52 50.98
Cash Conversion Cycle (CCC)		 124.69 113.22 100.89 113.11 113.53 101.18 107.77 113.14 120.80 101.79
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 3,067 2,966 2,858 2,716 2,645 2,764 2,606 2,342 2,898 1,159
Invested Capital Turnover		 1.69 1.76 1.80 1.81 1.95 2.11 2.31 2.55 2.34 3.22
Increase / (Decrease) in Invested Capital		 479 204 -155 -512 -422 -202 -252 -374 253 -1,605
Enterprise Value (EV)		 5,439 6,329 6,920 6,443 5,220 6,619 7,532 7,685 8,697 7,847
Market Capitalization		 2,326 3,116 3,613 3,094 1,715 3,355 3,808 3,825 3,858 3,984
Book Value per Share		 ($0.44) ($2.35) ($4.26) ($6.01) ($8.16) ($4.73) ($9.59) ($13.02) ($16.64) ($22.42)
Tangible Book Value per Share		 ($8.28) ($10.35) ($12.23) ($13.95) ($16.06) ($12.57) ($16.66) ($20.05) ($23.64) ($29.09)
Total Capital		 3,738 3,625 3,426 3,242 3,020 3,588 2,958 2,548 3,116 1,778
Total Debt		 3,783 3,869 3,871 3,871 3,875 4,084 4,072 4,061 5,052 4,394
Total Long-Term Debt		 3,428 3,815 3,816 3,815 3,811 4,019 3,991 3,984 4,184 3,970
Net Debt		 3,113 3,210 3,303 3,345 3,501 3,260 3,720 3,855 4,834 3,857
Capital Expenditures (CapEx)		 38 39 23 28 25 72 29 32 47 46
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 618 601 679 636 661 795 969 742 1,152 81
Debt-free Net Working Capital (DFNWC)		 1,288 1,260 1,247 1,162 1,035 1,618 1,322 948 1,370 618
Net Working Capital (NWC)		 933 1,206 1,192 1,106 971 1,554 1,241 871 502 193
Net Nonoperating Expense (NNE)		 258 19 496 328 314 -600 864 598 708 -1,282
Net Nonoperating Obligations (NNO)		 3,113 3,210 3,303 3,345 3,501 3,260 3,720 3,855 4,834 3,775
Total Depreciation and Amortization (D&A)		 86 89 82 80 81 85 80 79 83 78
Debt-free, Cash-free Net Working Capital to Revenue		 12.92% 11.94% 12.85% 11.79% 11.90% 13.14% 15.34% 11.51% 17.78% 1.28%
Debt-free Net Working Capital to Revenue		 26.95% 25.04% 23.59% 21.54% 18.64% 26.76% 20.91% 14.71% 21.14% 9.78%
Net Working Capital to Revenue		 19.52% 23.97% 22.55% 20.50% 17.48% 25.69% 19.63% 13.51% 7.74% 3.06%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.22) ($2.31) ($2.68) ($1.96) ($1.94) $0.80 ($5.31) ($3.56) ($4.07) ($5.38)
Adjusted Weighted Average Basic Shares Outstanding		 105.25M 105.25M 105.21M 105.29M 105.57M 116.05M 116.55M 116.62M 116.91M 117.27M
Adjusted Diluted Earnings per Share		 ($1.22) ($2.31) ($2.68) ($1.96) ($1.94) $0.80 ($5.31) ($3.56) ($4.07) ($5.38)
Adjusted Weighted Average Diluted Shares Outstanding		 105.25M 105.25M 105.21M 105.29M 105.57M 116.05M 116.55M 116.62M 116.91M 117.27M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 105.25M 105.25M 105.21M 105.29M 105.57M 116.05M 116.55M 116.62M 116.91M 117.27M
Normalized Net Operating Profit after Tax (NOPAT)		 3.15 -97 -62 -84 -94 168 -369 -231 -245 -404
Normalized NOPAT Margin		 0.25% -7.36% -4.34% -6.13% -6.50% 9.24% -21.69% -15.51% -16.67% -24.46%
Pre Tax Income Margin		 -7.39% -19.42% -19.90% -14.94% -14.00% 5.35% -35.56% -27.70% -32.22% -39.30%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -0.66 -2.50 -2.94 -1.77 -1.68 1.99 -6.55 -4.02 -4.22 -5.48
NOPAT to Interest Expense		 0.06 -1.33 -0.92 -1.15 -1.25 1.72 -4.61 -2.82 -2.70 -4.03
EBIT Less CapEx to Interest Expense		 -1.32 -3.03 -3.25 -2.16 -2.02 1.26 -6.91 -4.40 -4.73 -5.93
NOPAT Less CapEx to Interest Expense		 -0.60 -1.86 -1.24 -1.53 -1.58 0.98 -4.96 -3.20 -3.21 -4.49
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 -0.78% -0.77% -0.29% -0.15% -0.07% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -0.78% -0.77% -0.29% -0.15% -0.07% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Spirit AeroSystems' Financials

When does Spirit AeroSystems's financial year end?

According to the most recent income statement we have on file, Spirit AeroSystems' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Spirit AeroSystems' net income changed over the last 9 years?

Spirit AeroSystems' net income appears to be on an upward trend, with a most recent value of -$2.14 billion in 2024, falling from $788.70 million in 2015. The previous period was -$616.10 million in 2023.

What is Spirit AeroSystems's operating income?
Spirit AeroSystems's total operating income in 2024 was -$1.79 billion, based on the following breakdown:
  • Total Gross Profit: -$1.37 billion
  • Total Operating Expenses: $413.70 million
How has Spirit AeroSystems revenue changed over the last 9 years?

Over the last 9 years, Spirit AeroSystems' total revenue changed from $6.64 billion in 2015 to $6.32 billion in 2024, a change of -4.9%.

How much debt does Spirit AeroSystems have?

Spirit AeroSystems' total liabilities were at $9.38 billion at the end of 2024, a 26.0% increase from 2023, and a 157.3% increase since 2015.

How much cash does Spirit AeroSystems have?

In the past 9 years, Spirit AeroSystems' cash and equivalents has ranged from $423.30 million in 2017 to $2.35 billion in 2019, and is currently $537 million as of their latest financial filing in 2024.

How has Spirit AeroSystems' book value per share changed over the last 9 years?

Over the last 9 years, Spirit AeroSystems' book value per share changed from 21.21 in 2015 to -22.42 in 2024, a change of -205.7%.

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This page (NYSE:SPR) was last updated on 4/14/2025 by MarketBeat.com Staff
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