Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33160 Spirit AeroSystems Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other j ...

First Quarter 2022 Earnings Review Tom Gentile President and Chief Executive Officer Sam Marnick Executive Vice President & Chief Operating Officer; President of Commercial Mark Suchinski Senior Vice President and Chief Financial Officer May 4, 2022 Recent Events U.S. Air Force photo by Senior Airman Tessa B. Corrick Reached agreement with U.K. Government to settle the repayable investment agreement Completed new pay agreements for more than 2,000 union employees in Belfast Launched engineering collaboratio ...

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET Company Participants Aaron Hunt - Director of IR, Senior Leader of Sales & Marketing Tom Gentile - President and CEO Sam Marnick - President of Commercial Division & COO Mark Suchinski - SVP & CFO Conference Call Participants Robert Spingarn - Credit Suisse Seth Seifman - JPMorgan Ken Herbert - RBC Capital Markets David Strauss - Barclays Sheila Kahyaoglu - Jefferies Doug Harned - Bernstein George Shap ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33160 Spirit AeroSystems Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other ...

Revenue Generation - For the year ended December 31, 2021, approximately 35% of the company's net revenues were generated from sales of components to Boeing for the B737 aircraft, compared to 19% in 2020 and 53% in 2019[246]. - Approximately 80% of the company's net revenues in 2021 came from its two largest customers, Boeing and Airbus[278]. - Net revenues from direct sales to non-U.S. customers were approximately $1,130.8 million in 2021, representing 29% of total net revenues, up from 23% in 2020[363]. - For the twelve months ended December 31, 2021, Spirit AeroSystems reported net revenues of $3,953.0 million, an increase of 16.1% compared to $3,404.8 million in 2020[397]. - Commercial segment net revenues for the twelve months ended December 31, 2021 were $3,128.1 million, an increase of $416.8 million or 15.4% compared to the prior year[291]. - Defense & Space segment net revenues for the twelve months ended December 31, 2021 were $585.0 million, an increase of $93.7 million or 19.1% compared to the prior year[292]. - Aftermarket segment net revenues for the twelve months ended December 31, 2021 were $239.9 million, an increase of $37.7 million or 18.6% compared to the prior year[293]. Financial Performance - The company’s net loss for the twelve months ended December 31, 2021, was $540.8 million, compared to a net loss of $870.3 million in the prior year[272]. - The company’s operating loss for the twelve months ended December 31, 2021, was $459.2 million, compared to an operating loss of $812.8 million in the prior year[272]. - Gross loss profit for the twelve months ended December 31, 2021 was ($117.8) million, an improvement of $322.9 million compared to ($440.7) million for the same period in the prior year[280]. - Total comprehensive loss income for 2021 was $410.4 million, compared to a comprehensive loss of $915.2 million in 2020, indicating a significant reduction in overall losses[399]. - Basic and diluted loss per share for 2021 was $5.19, an improvement from a loss of $8.38 per share in 2020[397]. Cash Flow and Liquidity - The net cash outflow from operating activities for 2021 was $63.2 million, a decrease of $681.7 million compared to a net cash outflow of $744.9 million in 2020, primarily due to improved cash flows from operating income and working capital[344]. - The company had a net cash outflow of $163.8 million from investing activities in 2021, significantly reduced from a net cash outflow of $502.0 million in 2020, mainly due to the prior year's Bombardier acquisition[345]. - Financing activities resulted in a net cash outflow of $163.5 million in 2021, a change of $933 million compared to a net cash inflow of $769.5 million in 2020, influenced by debt redemptions and refinancing[346]. - The company anticipates sufficient liquidity to meet operating and financing needs for at least the next 12 months[412]. - The company expects future cash needs to include working capital, R&D, capital expenditures, and potential M&A activities, with significant capital required for new programs and increased production rates[350]. Debt and Financing - As of December 31, 2021, the company had a debt balance of approximately $3,792.2 million, with more than 50% being secured debt, and a cash balance of $1,478.6 million[309]. - The Amended Credit Agreement as of December 31, 2021 had an outstanding balance of $598.5 million, with customary covenants restricting additional indebtedness and other financial activities[315]. - The company was in compliance with all covenants contained in the indentures governing its outstanding debt as of December 31, 2021[334]. - The company has agreements to sell certain trade accounts receivable balances with Boeing, Airbus, and Rolls-Royce, allowing for monetization of receivables prior to payment[336]. Operational Challenges - The company expects ongoing demand challenges from the B737 MAX grounding to continue to be exacerbated by the COVID-19 pandemic[247]. - The company delivered 162 B737 MAX shipsets in 2021, a decrease from 606 shipsets in 2019, indicating ongoing production challenges[354]. - The company has implemented mandatory vaccination rules for all U.S. employees to comply with federal requirements, which may impact labor availability[244]. Program-Specific Financials - The B787 program incurred incremental forward loss charges of $46.4 million in Q2 2021 and $45.5 million in Q3 2021 due to reduced production volumes[249][250]. - The A350 program recorded forward loss charges of $55.2 million for the year ended December 31, 2021, driven by customer-driven production rate changes and quality-related costs[253]. - The company recognized an unfavorable change in estimates of $246.5 million during the twelve months ended December 31, 2021, primarily due to reduced production volumes on the B787 and A350 programs[277]. Pension and Employee Benefits - The company made contributions of $154.7 million to improve the funded status of the Belfast defined benefit plans during 2021, including a one-time special contribution of $137.6 million to the Shorts Pension plan[263]. - The projected benefit obligation would decrease by $163.4 million or increase by $173.9 million if the discount rate changed by 25 basis points[265]. Organizational Changes - The new organizational structure, effective October 1, 2021, includes three primary segments: Commercial, Defense & Space, and Aftermarket[240]. - The Commercial, Defense & Space, and Aftermarket segments represented approximately 79%, 15%, and 6% of net revenues for the twelve months ended December 31, 2021, respectively[290]. Market Conditions - The company anticipates that domestic air travel demand will improve in the near term, while international air travel demand will continue to lag behind[247]. - The company’s financial results are heavily dependent on global commercial aviation demand, which has been impacted by COVID-19[411].

Financial Performance - Full-year 2021 revenue increased by 16% to $3953 million from $3405 million in 2020[7] - The company's GAAP diluted loss per share for 2021 was $(5.19), while the adjusted diluted loss per share was $(3.46)[11] - Free cash flow for 2021 was $(214) million, an improvement compared to $(864) million in 2020[15] - The company plans to repay a total of $1 billion of debt through 2023[18] Segment Performance - Commercial segment revenue increased by 15% to $3128 million in 2021 from $2711 million in 2020, but the operating margin was (7.1)% compared to (22.9)%[20, 21] - Defense & Space segment revenue increased by 19% to $585 million in 2021 from $491 million in 2020, with an operating margin of 7.6% compared to 9.6%[23, 24] - Aftermarket segment revenue increased by 19% to $240 million in 2021 from $202 million in 2020, with an improved operating margin of 21.0% compared to 18.3%[26, 27] Operational Highlights - Deliveries increased to 1028 shipsets in 2021 compared to 920 in 2020[8] - 737 shipset deliveries increased to 162 in 2021 compared to 71 in 2020[8] - 787 shipset deliveries decreased to 37 in 2021 compared to 112 in 2020[8] Strategic Priorities - The company's priorities for 2022 include diversification, de-leveraging, and driving margins[5] - The company aims for a revenue mix of 40% Commercial, 40% Defense & Space, and 20% Aftermarket[5]

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Q4 2021 Earnings Conference Call February 2, 2021 11:00 AM ET Company Participants Aaron Hunt - Director, IR Thomas Gentile - President & CEO Samantha Marnick - EVP, President, Commercial Division & COO Mark Suchinksi - SVP & CFO Conference Call Participants Myles Walton - UBS Doug Harned - Bernstein David Strauss - Barclays Robert Spingarn - Melius Research Sheila Kahyaoglu - Jefferies Peter Arment - Baird George Shapiro - Shapiro Research Ken Herbert - RBC Cai ...

Third Quarter 2021 Earnings Review Tom Gentile President and Chief Executive Officer Sam Marnick Executive Vice President and Chief Operating Officer; President of Commercial Division Mark Suchinski Senior Vice President and Chief Financial Officer November 3, 2021 Spirit's Strategy Values Vision Diversified Aerospace Design and Manufacturing Champion Strategic Priorities (Where to Compete) Execution Requirements (How to Compete) Safety Quality Customer Focus Delivery Diversify Aftermarket - Repairs - Geogr ...

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Q3 2021 Earnings Conference Call November 3, 2021 11:00 AM ET Company Participants Aaron Hunt - Senior Leader, Sales & Marketing Thomas Gentile - President, CEO & Director Samantha Marnick - EVP, President, Commercial Division & COO Mark Suchinksi - SVP & CFO Conference Call Participants David Strauss - Barclays Bank Seth Seifman - JPMorgan Chase & Co. Louis Raffetto - UBS Sheila Kahyaoglu - Jefferies Douglas Harned - Sanford C. Bernstein & Co. Robert Stallard - ...

For the quarterly period ended September 30, 2021 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) Delaware 20-2436320 (I.R.S. Employer Identification No.) 3801 South Oliver Wichita, Kansas 67210 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the ...