Spirit AeroSystems(US:SPR)2022-02-04 15:27Financial 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]