2013 Q1 Form 10-Q Financial Statement

#000110465913036699 Filed on May 03, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $1.729B $1.442B
YoY Change 19.85% 37.4%
Cost Of Revenue $1.237B $1.091B
YoY Change 13.38% 117575331.03%
Gross Profit $205.1M $351.1M
YoY Change -41.58% -66.55%
Gross Profit Margin 11.87% 24.34%
Selling, General & Admin $44.30M $45.00M
YoY Change -1.56% 115384515.38%
% of Gross Profit 21.6% 12.82%
Research & Development $7.500M $7.400M
YoY Change 1.35% 56922976.92%
% of Gross Profit 3.66% 2.11%
Depreciation & Amortization $39.30M $32.90M
YoY Change 19.45% 102812400.0%
% of Gross Profit 19.16% 9.37%
Operating Expenses $51.80M $52.40M
YoY Change -1.15% 100769130.77%
Operating Profit $194.4M $144.5M
YoY Change 34.53% 107.61%
Interest Expense -$17.50M -$15.90M
YoY Change 10.06% -22.06%
% of Operating Profit -9.0% -11.0%
Other Income/Expense, Net -$9.900M $3.500M
YoY Change -382.86% 233333233.33%
Pretax Income $117.1M $107.5M
YoY Change 8.93% 213717593.84%
Income Tax $35.70M $33.60M
% Of Pretax Income 30.49% 31.26%
Net Earnings $153.6M $81.20M
YoY Change 89.16% 134.68%
Net Earnings / Revenue 8.89% 5.63%
Basic Earnings Per Share $1.08 $0.57
Diluted Earnings Per Share $1.07 $0.57
COMMON SHARES
Basic Shares Outstanding 141.0M shares 139.5M shares
Diluted Shares Outstanding 143.1M shares 142.5M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $313.1M $134.1M
YoY Change 133.48% -56.87%
Cash & Equivalents $313.1M $134.1M
Short-Term Investments
Other Short-Term Assets $24.30M $15.40
YoY Change 157792107.79% -100.0%
Inventory $2.493B $2.739K
Prepaid Expenses
Receivables $587.3M $414.40
Other Receivables $112.2M $12.10M
Total Short-Term Assets $3.479B $3.359K
YoY Change 103587704.44% -100.0%
LONG-TERM ASSETS
Property, Plant & Equipment $1.718B $1.626K
YoY Change 105683955.12% -100.0%
Goodwill $2.800M $2.90
YoY Change 96551624.14%
Intangibles
YoY Change
Long-Term Investments $1.400M $4.60
YoY Change 30434682.61% -100.0%
Other Assets $83.40M $93.70
YoY Change 89007370.65% -100.0%
Total Long-Term Assets $2.055B $1.892K
YoY Change 108599720.29% -100.0%
TOTAL ASSETS
Total Short-Term Assets $3.479B $3.359K
Total Long-Term Assets $2.055B $1.892K
Total Assets $5.534B $5.251K
YoY Change 105393672.02% -100.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $698.6M $557.60
YoY Change 125286844.05% -100.0%
Accrued Expenses $234.2M $211.40
YoY Change 110785141.25% -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.10M $42.30M
YoY Change -76.12% 336.08%
Total Short-Term Liabilities $1.136B $913.40
YoY Change 124414176.33% -100.0%
LONG-TERM LIABILITIES
Long-Term Debt $1.163B $1.152B
YoY Change 1.02% -2.92%
Other Long-Term Liabilities $139.0M $118.00
YoY Change 117796510.17% -100.0%
Total Long-Term Liabilities $139.0M $118.00
YoY Change 117796510.17% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.136B $913.40
Total Long-Term Liabilities $139.0M $118.00
Total Liabilities $1.275B $1.031K
YoY Change 123657065.02% -100.0%
SHAREHOLDERS EQUITY
Retained Earnings $1.213B $1.167K
YoY Change 103951215.68% -100.0%
Common Stock $1.015B $1.000K
YoY Change 101499900.0% -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.071B $2.047K
YoY Change
Total Liabilities & Shareholders Equity $5.534B $5.251K
YoY Change 105393672.02% -100.0%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $153.6M $81.20M
YoY Change 89.16% 134.68%
Depreciation, Depletion And Amortization $39.30M $32.90M
YoY Change 19.45% 102812400.0%
Cash From Operating Activities -$45.40M $11.60M
YoY Change -491.38% -9055525.45%
INVESTING ACTIVITIES
Capital Expenditures $74.40M $54.20M
YoY Change 37.27% 130602309.64%
Acquisitions
YoY Change
Other Investing Activities $700.0K
YoY Change
Cash From Investing Activities -$78.00M -$53.60M
YoY Change 45.52% 130096987.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.600M $2.500M
YoY Change 4.0% 113636263.64%
Cash From Financing Activities -$2.600M -$2.400M
YoY Change 8.33% 126315689.47%
NET CHANGE
Cash From Operating Activities -$45.40M $11.60M
Cash From Investing Activities -$78.00M -$53.60M
Cash From Financing Activities -$2.600M -$2.400M
Net Change In Cash -$126.0M -$44.40M
YoY Change 183.78% 25934479.44%
FREE CASH FLOW
Cash From Operating Activities -$45.40M $11.60M
Capital Expenditures $74.40M $54.20M
Free Cash Flow -$119.8M -$42.60M
YoY Change 181.22% 25117824.53%

Facts In Submission

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CY2013Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
100000 USD
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
18600000 USD
CY2013Q1 us-gaap Other Noncash Income Tax Expense
OtherNoncashIncomeTaxExpense
700000 USD
CY2013Q1 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-3300000 USD
CY2013Q1 spr Grant Income
GrantIncome
1600000 USD
CY2013Q1 us-gaap Other Noncash Expense
OtherNoncashExpense
-800000 USD
CY2012Q1 spr Accretion Of Customer Supply Agreement
AccretionOfCustomerSupplyAgreement
100000 USD
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
134100000 USD
CY2012Q1 us-gaap Other Noncash Expense
OtherNoncashExpense
-300000 USD
CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
700000 USD
CY2012Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
-120000000 USD
CY2013Q1 spr Purchase Of Property Plant And Equipment Severe Weather Event
PurchaseOfPropertyPlantAndEquipmentSevereWeatherEvent
5800000 USD
CY2013Q1 spr Consolidation Of Variable Interest Entity
ConsolidationOfVariableInterestEntity
2100000 USD
CY2013Q1 spr Kiesc Ownership Percentage
KiescOwnershipPercentage
0.778 pure
CY2013Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
230800000 USD
CY2012Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
250300000 USD
CY2012 spr Insurance Settlement
InsuranceSettlement
234900000 USD
CY2013Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
579400000 USD
CY2012Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
415900000 USD
CY2012Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
9100000 USD
CY2013Q1 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
8400000 USD
CY2013Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
500000 USD
CY2013Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
26500000 USD
CY2012Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
25600000 USD
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4300000 USD
CY2013Q1 us-gaap Contract Receivable Retainage
ContractReceivableRetainage
103800000 USD
CY2012Q4 us-gaap Contract Receivable Retainage
ContractReceivableRetainage
102000000 USD
CY2012Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
3.5 USD
CY2013Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1039300000 USD
CY2013Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
39300000 USD
CY2013Q1 spr Net Inventory Raw Materials Finished Goods And Work In Process
NetInventoryRawMaterialsFinishedGoodsAndWorkInProcess
1309400000 USD
CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1033600000 USD
CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
35900000 USD
CY2012Q4 spr Net Inventory Raw Materials Finished Goods And Work In Process
NetInventoryRawMaterialsFinishedGoodsAndWorkInProcess
1319800000 USD
CY2013Q1 us-gaap Other Inventory Capitalized Costs
OtherInventoryCapitalizedCosts
510000000 USD
CY2013Q1 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
622600000 USD
CY2013Q1 spr Deferred Production Costs
DeferredProductionCosts
1296100000 USD
CY2012Q4 us-gaap Other Inventory Capitalized Costs
OtherInventoryCapitalizedCosts
524600000 USD
CY2012Q4 spr Deferred Production Costs
DeferredProductionCosts
1173800000 USD
CY2012Q4 us-gaap Provision For Loss On Contracts
ProvisionForLossOnContracts
607400000 USD
CY2013Q1 spr Inventory In Process
InventoryInProcess
1199600000 USD
CY2012Q4 spr Inventory In Process
InventoryInProcess
1202300000 USD
CY2012Q4 spr Nonrecurring Inventory
NonrecurringInventory
117500000 USD
CY2013Q1 spr Nonrecurring Inventory
NonrecurringInventory
109800000 USD
CY2013Q1 spr Current Period Forward Loss Recorded
CurrentPeriodForwardLossRecorded
6400000 USD
CY2013Q1 spr Charges To Costs And Expenses Pre Production Inventory
ChargesToCostsAndExpensesPreProductionInventory
15200000 USD
CY2013Q1 spr Capitalized Costs Pre Production Inventory
CapitalizedCostsPreProductionInventory
600000 USD
CY2013Q1 spr Charges To Costs And Expenses Deferred Production Inventory
ChargesToCostsAndExpensesDeferredProductionInventory
77300000 USD
CY2013Q1 spr Capitalized Costs Deferred Production Inventory
CapitalizedCostsDeferredProductionInventory
207100000 USD
CY2013Q1 spr Exchange Rate Deferred Production Inventory
ExchangeRateDeferredProductionInventory
-7500000 USD
CY2013Q1 us-gaap Land
Land
16800000 USD
CY2012Q4 us-gaap Land
Land
17700000 USD
CY2013Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
507800000 USD
CY2012Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
504700000 USD
CY2013Q1 spr Machinery And Equipment Excluding Tooling Gross
MachineryAndEquipmentExcludingToolingGross
979700000 USD
CY2012Q4 spr Machinery And Equipment Excluding Tooling Gross
MachineryAndEquipmentExcludingToolingGross
960000000 USD
CY2013Q1 spr Tooling Gross
ToolingGross
731000000 USD
CY2012Q4 spr Tooling Gross
ToolingGross
722400000 USD
CY2013Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
173600000 USD
CY2012Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
170200000 USD
CY2013Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
163900000 USD
CY2012Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
143000000 USD
CY2013Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2573200000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2518000000 USD
CY2013Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
854900000 USD
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
819500000 USD
CY2013Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1000000 USD
CY2013Q1 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
22200000 USD
CY2013Q1 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
5000000 USD
CY2012Q1 us-gaap Capitalized Computer Software Amortization
CapitalizedComputerSoftwareAmortization
4500000 USD
CY2012Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1900000 USD
CY2012Q1 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
23900000 USD
CY2013Q1 spr Property Plant And Equipment Variable Interest Entity
PropertyPlantAndEquipmentVariableInterestEntity
400000 USD
CY2013Q1 spr Accumulated Depreciation Variable Interest Entity
AccumulatedDepreciationVariableInterestEntity
300000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
39100000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
39800000 USD
CY2012Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
76400000 USD
CY2013Q1 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
76300000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10100000 USD
CY2013Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
9200000 USD
CY2013Q1 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
51100000 USD
CY2012Q4 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
49600000 USD
CY2012Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
26800000 USD
CY2013Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
25200000 USD
CY2013Q1 us-gaap Equity Method Investments
EquityMethodInvestments
1400000 USD
CY2012Q4 us-gaap Equity Method Investments
EquityMethodInvestments
5100000 USD
CY2012Q4 spr Customer Supply Agreement
CustomerSupplyAgreement
39900000 USD
CY2013Q1 spr Customer Supply Agreement
CustomerSupplyAgreement
39400000 USD
CY2013Q1 spr Other
Other
5400000 USD
CY2012Q4 spr Other
Other
6100000 USD
CY2013Q1 us-gaap Goodwill
Goodwill
2800000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
3000000 USD
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1100000 USD
CY2012Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 USD
CY2013Q1 us-gaap Revenue Recognition Milestone Method Description
RevenueRecognitionMilestoneMethodDescription
8.  Research and Development Milestones Milestone payments.  Milestone payments are recognized as revenue when milestones are deemed to be substantive and are achieved. A substantive milestone is one that is based on successful performance by the Company and not solely contingent upon the passage of time or performance by another party. Milestone payments collected in advance that have significant future performance obligations are presented as advance payments or deferred revenue, and are recognized when the milestone is achieved. As part of our ongoing participation in the B787-9 program, we received research and development milestone payments of $4.6 and $2.8 for the three months ended March 28, 2013 and March 29, 2012, respectively. Revenue and cost associated with the performance of this research and development are included in program revenue and costs. We expect to receive additional payments related to research and development on this program. These additional payments remain un-negotiated as of March 28, 2013.
CY2012Q4 us-gaap Senior Notes
SeniorNotes
595600000 USD
CY2013Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
7400000 USD
CY2012Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
16400000 USD
CY2012Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
7400000 USD
CY2012Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1176200000 USD
CY2012Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
13400000 USD
CY2013Q1 us-gaap Loans Payable To Bank
LoansPayableToBank
12600000 USD
CY2013Q1 us-gaap Capital Lease Obligations
CapitalLeaseObligations
15500000 USD
CY2013Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1173400000 USD
CY2013Q1 spr Leverage Ratio
LeverageRatio
6.00
CY2013Q2 spr Leverage Ratio
LeverageRatio
4.75
CY2019Q2 spr Leverage Ratio
LeverageRatio
4.00
CY2019Q2 spr Senior Secured Leverage Ratio
SeniorSecuredLeverageRatio
2.75 pure
CY2013Q1 spr Asset Related To Deferred Grant Income Beginning Balance
AssetRelatedToDeferredGrantIncomeBeginningBalance
121300000 USD
CY2013Q1 spr Depreciation Grant Assets
DepreciationGrantAssets
1300000 USD
CY2013Q1 spr Exchange Rate Effect On Asset Related To Deferred Grant Income
ExchangeRateEffectOnAssetRelatedToDeferredGrantIncome
-2300000 USD
CY2012Q4 spr Asset Related To Deferred Grant Income Beginning Balance
AssetRelatedToDeferredGrantIncomeBeginningBalance
124900000 USD
CY2013Q1 spr Property Plant Equipment And Deferred Grant Income Liability
PropertyPlantEquipmentAndDeferredGrantIncomeLiability
150000000 USD
CY2012Q4 spr Property Plant Equipment And Deferred Grant Income Liability
PropertyPlantEquipmentAndDeferredGrantIncomeLiability
148700000 USD
CY2013Q1 spr Deferred Grant Income Amortization Period
DeferredGrantIncomeAmortizationPeriod
10Y
CY2013Q1 us-gaap Long Term Debt
LongTermDebt
1150500000 USD
CY2013Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1201900000 USD
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
1152400000 USD
CY2012Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1205400000 USD
CY2013Q1 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
3200000 USD
CY2013Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3300000 USD
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4000000 USD
CY2013Q1 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-600000 USD
CY2013Q1 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
800000 USD
CY2013Q1 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
275000000 USD
CY2012Q1 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
325000000 USD
CY2012Q1 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
200000 USD
CY2013Q1 spr Minimum Interest Coverage Ratio
MinimumInterestCoverageRatio
2.25
CY2013Q2 spr Minimum Interest Coverage Ratio
MinimumInterestCoverageRatio
3.00
CY2019Q2 spr Minimum Interest Coverage Ratio
MinimumInterestCoverageRatio
4.00
CY2013Q1 spr Debt To Ebitda Ratio
DebtToEbitdaRatio
3.91 pure
CY2013Q1 spr Margin On Libor Borrowing On Extending Revolving Loan
MarginOnLiborBorrowingOnExtendingRevolvingLoan
0.0250 pure
CY2013Q1 spr Margin On Alternate Base Rate Borrowing On Extending Revolving Loans
MarginOnAlternateBaseRateBorrowingOnExtendingRevolvingLoans
0.0150 pure
CY2013Q1 spr Letters Of Credit And Administrative Fees Credit Facility
LettersOfCreditAndAdministrativeFeesCreditFacility
0.025%
CY2013Q1 spr Unused Line Fee In Basis Points On Unused Portion Of Commitments Under Revolving Credit Facility
UnusedLineFeeInBasisPointsOnUnusedPortionOfCommitmentsUnderRevolvingCreditFacility
45 pure
CY2013Q2 spr Senior Secured Leverage Ratio
SeniorSecuredLeverageRatio
2.75 pure
CY2013Q1 spr Senior Secured Leverage Ratio
SeniorSecuredLeverageRatio
3.25 pure
CY2013Q1 us-gaap Senior Notes
SeniorNotes
595800000 USD
CY2013Q1 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
500000 USD
CY2013Q1 us-gaap Held To Maturity Securities Noncurrent
HeldToMaturitySecuritiesNoncurrent
3000000 USD
CY2012Q4 us-gaap Held To Maturity Securities Current
HeldToMaturitySecuritiesCurrent
600000 USD
CY2012Q4 us-gaap Held To Maturity Securities Noncurrent
HeldToMaturitySecuritiesNoncurrent
2800000 USD
CY2013Q1 spr Held To Maturity Securities Unrecognized Holding Gains Non Current
HeldToMaturitySecuritiesUnrecognizedHoldingGainsNonCurrent
100000 USD
CY2012Q4 spr Held To Maturity Securities Unrecognized Holding Gains Non Current
HeldToMaturitySecuritiesUnrecognizedHoldingGainsNonCurrent
100000 USD
CY2013Q1 spr Held To Maturity Securities Fair Value Current
HeldToMaturitySecuritiesFairValueCurrent
500000 USD
CY2013Q1 spr Held To Maturity Securities Fair Value Non Current
HeldToMaturitySecuritiesFairValueNonCurrent
3100000 USD
CY2012Q4 spr Held To Maturity Securities Fair Value Current
HeldToMaturitySecuritiesFairValueCurrent
600000 USD
CY2012Q4 spr Held To Maturity Securities Fair Value Non Current
HeldToMaturitySecuritiesFairValueNonCurrent
2900000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
500000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
1600000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
200000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
1200000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesNetCarryingAmount
3500000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
500000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
1700000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
200000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
1200000 USD
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities Fair Value
HeldToMaturitySecuritiesDebtMaturitiesFairValue
3600000 USD
CY2013Q1 spr Fair Value Of Investments In Debt And Marketable Securities Whose Value Is Less Than Historical Cost
FairValueOfInvestmentsInDebtAndMarketableSecuritiesWhoseValueIsLessThanHistoricalCost
1000000 USD
CY2012Q4 spr Fair Value Of Investments In Debt And Marketable Securities Whose Value Is Less Than Historical Cost
FairValueOfInvestmentsInDebtAndMarketableSecuritiesWhoseValueIsLessThanHistoricalCost
800000 USD
CY2013Q1 spr Percentage Of Investments Having Value Less Than Historical Cost
PercentageOfInvestmentsHavingValueLessThanHistoricalCost
0.27
CY2012 spr Percentage Of Investments Having Value Less Than Historical Cost
PercentageOfInvestmentsHavingValueLessThanHistoricalCost
0.22
CY2013Q1 us-gaap Secured Debt
SecuredDebt
542100000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
543400000 USD
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
238600000 USD
CY2013Q1 spr Changeindefinedbenefitpensionplansdisclosurestextblock
Changeindefinedbenefitpensionplansdisclosurestextblock
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 96px; text-align:left;border-color:#000000;min-width:96px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 104px; text-align:left;border-color:#000000;min-width:104px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;">&#160;</td><td colspan="11" style="width: 248px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:248px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Defined Benefit Plans</font></td></tr><tr style="height: 43px"><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;">&#160;</td><td colspan="5" style="width: 236px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:236px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">For the Three Months Ended</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Components of Net Periodic Pension Income</font></td><td colspan="2" style="width: 108px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:108px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 28, 2013</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td colspan="2" style="width: 116px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:116px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 29, 2012</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Service cost</font></td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 96px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1.9</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 104px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:104px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1.6</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 253px; text-align:left;border-color:#000000;min-width:253px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Interest cost</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 96px; text-align:right;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">11.7</font></td><td style="width: 12px; 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CY2013Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
221800000 USD
CY2013Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.305 pure
CY2012Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.313 pure
CY2013Q1 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
9100000 USD
CY2013Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
5400000 USD
CY2013Q1 us-gaap Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
4600000 USD
CY2012Q1 us-gaap Revenue Recognition Milestone Method Revenue Recognized
RevenueRecognitionMilestoneMethodRevenueRecognized
2800000 USD
CY2012Q4 spr Advance Payments And Deferred Revenue Credits
AdvancePaymentsAndDeferredRevenueCredits
953500000 USD
CY2013Q1 spr Advance Payments And Deferred Revenue Credits
AdvancePaymentsAndDeferredRevenueCredits
939600000 USD
CY2013Q1 spr Deferred Grant Income Liability
DeferredGrantIncomeLiability
119600000 USD
CY2013Q1 spr Grant Income Recognized
GrantIncomeRecognized
1600000 USD
CY2013Q1 spr Exchange Rate Effect On Deferred Grant Income Liability
ExchangeRateEffectOnDeferredGrantIncomeLiability
-2300000 USD
CY2012Q4 spr Deferred Grant Income Liability
DeferredGrantIncomeLiability
123500000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
80400000 USD
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141000000 shares
CY2013Q1 spr Net Income Loss Available To Participating Securities
NetIncomeLossAvailableToParticipatingSecurities
800000 USD
CY2013Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
1400000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
143100000 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
142500000 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139500000 shares
CY2012Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2300000 shares
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
72400000 USD
CY2012Q1 spr Net Income Loss Available To Participating Securities
NetIncomeLossAvailableToParticipatingSecurities
1200000 USD
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
700000 shares
CY2013Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
143700000 shares
CY2012Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
142900000 shares
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2500000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2600000 shares
CY2012Q1 us-gaap Minority Interest
MinorityInterest
500000 USD
CY2013Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
0 USD
CY2012Q1 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
1200000 USD
CY2012Q1 spr Related Party Transaction Maximum Expenses From Transactions With Related Party
RelatedPartyTransactionMaximumExpensesFromTransactionsWithRelatedParty
100000 USD
CY2013Q1 spr Related Party Transaction Maximum Expenses From Transactions With Related Party
RelatedPartyTransactionMaximumExpensesFromTransactionsWithRelatedParty
100000 USD
CY2013Q1 spr Amount Paid To Supplier Maximum
AmountPaidToSupplierMaximum
100000 USD
CY2012Q1 spr Amount Paid To Supplier Maximum
AmountPaidToSupplierMaximum
100000 USD
CY2013Q1 spr Amounts Owed To Supplier And Recorded As Accrued Liabilities
AmountsOwedToSupplierAndRecordedAsAccruedLiabilities
100000 USD
CY2012Q1 spr Amounts Owed To Supplier And Recorded As Accrued Liabilities
AmountsOwedToSupplierAndRecordedAsAccruedLiabilities
100000 USD
CY2012Q1 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
1200000 USD
CY2012Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
-100000 USD
CY2012Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2400000 USD
CY2013Q1 us-gaap Interest Income Securities State And Municipal
InterestIncomeSecuritiesStateAndMunicipal
900000 USD
CY2013Q1 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
100000 USD
CY2013Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-10900000 USD
CY2012Q4 spr Product Warranty And Extraordinary Rework
ProductWarrantyAndExtraordinaryRework
30900000 USD
CY2013Q1 spr Product Warranty And Extraordinary Rework Accrual Amounts Issued
ProductWarrantyAndExtraordinaryReworkAccrualAmountsIssued
10200000 USD
CY2013Q1 spr Product Warranty Extraordinary Rework Accrual Currency Translation Increase Decrease
ProductWarrantyExtraordinaryReworkAccrualCurrencyTranslationIncreaseDecrease
-300000 USD
CY2013Q1 spr Product Warranty And Extraordinary Rework
ProductWarrantyAndExtraordinaryRework
40600000 USD
CY2013Q1 spr Product Warranty And Extraordinary Rework Write Offs Net Of Recoveries
ProductWarrantyAndExtraordinaryReworkWriteOffsNetOfRecoveries
-200000 USD
CY2013Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
25000000 USD
CY2012Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
25600000 USD
CY2013Q1 us-gaap Variable Interest Entity Methodology For Determining Whether Enterprise Is Primary Beneficiary
VariableInterestEntityMethodologyForDeterminingWhetherEnterpriseIsPrimaryBeneficiary
Our analysis includes both quantitative and qualitative reviews. We base our quantitative analysis on the revenues for each customer or type of customer of the entity, and our qualitative analysis on our review of the design of the entity, its organizational structure, including decision-making ability, and relevant financial agreements. We also use our quantitative and qualitative analyses to determine if we must consolidate a variable interest entity as its primary beneficiary.
CY2013Q1 us-gaap Business Combination Reason For Business Combination
BusinessCombinationReasonForBusinessCombination
Based on the evaluation of our Spirit-Progresstech joint venture in the first quarter, the Company has made the determination that the Company has the power to direct the activities of Spirit-Progresstech. This determination was made based on the amount of revenue Spirit-Progresstech derives from Spirit in relation to the entire revenue generating activities of SPLLC. Due to a continuing growth of revenues from Spirit and revised expectations of gaining business outside of the Spirit relationship, it was determined that Spirit is now the primary beneficiary of SPLLC.
CY2013Q1 us-gaap Business Acquisition Name Of Acquired Entity
BusinessAcquisitionNameOfAcquiredEntity
Spirit-Progresstech
CY2013Q1 spr Business Combination Equity Interest At Risk
BusinessCombinationEquityInterestAtRisk
2800000 USD
CY2013Q1 us-gaap Variable Interest Entity Extent Of Or Lack Of Recourse
VariableInterestEntityExtentOfOrLackOfRecourse
Beneficial interest holders of SPLLC have no recourse to general credit or assets of Spirit
CY2013Q1 spr Percentage Of Net Revenue Derived From Two Largest Customers
PercentageOfNetRevenueDerivedFromTwoLargestCustomers
0.92 pure
CY2013Q1 spr Business Segment Operating Income
BusinessSegmentOperatingIncome
206500000 USD
CY2012Q1 spr Business Segment Operating Income
BusinessSegmentOperatingIncome
167400000 USD
CY2013Q1 spr Segment Information Unallocated Corporate Selling General And Administrative
SegmentInformationUnallocatedCorporateSellingGeneralAndAdministrative
39600000 USD
CY2013Q1 spr Segment Information Unallocated Cost Of Sales
SegmentInformationUnallocatedCostOfSales
11800000 USD
CY2013Q1 spr Segment Information Unallocated Research And Development
SegmentInformationUnallocatedResearchAndDevelopment
1800000 USD
CY2012Q1 spr Segment Information Unallocated Cost Of Sales
SegmentInformationUnallocatedCostOfSales
3300000 USD
CY2012Q1 spr Segment Information Unallocated Corporate Selling General And Administrative
SegmentInformationUnallocatedCorporateSellingGeneralAndAdministrative
40700000 USD
CY2012Q1 spr Segment Information Unallocated Research And Development
SegmentInformationUnallocatedResearchAndDevelopment
1100000 USD
CY2013Q1 spr Segment Information Unallocated Impact Of Severe Weather Event
SegmentInformationUnallocatedImpactOfSevereWeatherEvent
8800000 USD
CY2013Q1 spr Number Of Principal Segments
NumberOfPrincipalSegments
3
CY2013Q1 spr Number Of Largest Customers
NumberOfLargestCustomers
2
CY2012Q1 spr Early Retirement Incentive
EarlyRetirementIncentive
1000000 USD
CY2013Q1 spr Early Retirement Incentive
EarlyRetirementIncentive
1800000 USD
CY2013Q1 spr Change In Estimate To Increase Warranty And Extraordinary Rework Reserve Included In Unallocated Cost Of Sale
ChangeInEstimateToIncreaseWarrantyAndExtraordinaryReworkReserveIncludedInUnallocatedCostOfSale
10000000 USD
CY2012Q1 spr Change In Estimate To Increase Warranty And Extraordinary Rework Reserve Included In Unallocated Cost Of Sale
ChangeInEstimateToIncreaseWarrantyAndExtraordinaryReworkReserveIncludedInUnallocatedCostOfSale
2300000 USD

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