Spirit Historical Income Statement
| SPR Stock | USD 32.50 1.12 3.57% |
Historical analysis of Spirit Aerosystems income statement accounts such as Other Operating Expenses of 5.2 B, Research Development of 37.6 M, EBITDA of 39 M or Cost Of Revenue of 5.1 B can show how well Spirit Aerosystems Holdings performed in making a profits. Evaluating Spirit Aerosystems income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Spirit Aerosystems's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Spirit Aerosystems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Spirit Aerosystems is a good buy for the upcoming year.
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About Spirit Income Statement Analysis
Spirit Aerosystems Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Spirit Aerosystems shareholders. The income statement also shows Spirit investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Spirit Aerosystems Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Spirit Aerosystems generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Spirit Aerosystems. It is also known as Spirit Aerosystems overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Spirit Aerosystems income statement and represents the costs associated with goods and services Spirit Aerosystems provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Spirit Aerosystems income statement and is an important metric when analyzing Spirit Aerosystems profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Spirit Aerosystems' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Spirit Aerosystems current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Spirit Aerosystems Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. At this time, Spirit Aerosystems' Interest Expense is relatively stable compared to the past year. As of 11/25/2024, Gross Profit is likely to grow to about 388.7 M, while Total Revenue is likely to drop slightly above 5.6 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 242.6M | 244.1M | 318.7M | 334.6M | Depreciation And Amortization | 327.6M | 337.1M | 315.6M | 209.1M |
Spirit Aerosystems income statement Correlations
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Spirit Aerosystems Account Relationship Matchups
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Spirit Aerosystems income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 245.9M | 277.6M | 327.6M | 337.1M | 315.6M | 209.1M | |
| Interest Expense | 91.9M | 195.3M | 242.6M | 244.1M | 318.7M | 334.6M | |
| Total Revenue | 7.9B | 3.4B | 4.0B | 5.0B | 6.0B | 5.6B | |
| Gross Profit | 1.1B | (440.7M) | (117.8M) | 48.6M | 206.2M | 388.7M | |
| Other Operating Expenses | 7.1B | 4.1B | 4.4B | 5.3B | 6.2B | 5.2B | |
| Operating Income | 760.8M | (812.8M) | (304.4M) | (295.1M) | (134.2M) | (127.5M) | |
| Ebit | 760.8M | (890.6M) | (312.6M) | (295.3M) | (274.6M) | (260.9M) | |
| Research Development | 54.5M | 38.8M | 53.3M | 50.4M | 45.4M | 37.6M | |
| Ebitda | 1.0B | (613M) | 15M | 41.8M | 41M | 39.0M | |
| Cost Of Revenue | 6.8B | 3.8B | 4.1B | 5.0B | 5.8B | 5.1B | |
| Total Operating Expenses | 315.9M | 276.2M | 333.2M | 329.6M | 340.4M | 357.4M | |
| Income Before Tax | 663.1M | (1.1B) | (555.2M) | (539.4M) | (593.3M) | (563.6M) | |
| Total Other Income Expense Net | (97.7M) | (273.1M) | (96M) | (258.2M) | (459.1M) | (436.1M) | |
| Net Income | 530.1M | (865.7M) | (538M) | (544.6M) | (616.2M) | (585.4M) | |
| Income Tax Expense | 132.8M | (220.2M) | (17.2M) | 5.2M | 22.5M | 39.6M | |
| Selling General Administrative | 261.4M | 237.4M | 279.9M | 279.2M | 281.9M | 238.3M | |
| Net Income Applicable To Common Shares | 530.1M | (870.3M) | (540.8M) | (545.7M) | (491.1M) | (466.6M) | |
| Net Income From Continuing Ops | 530.3M | (865.7M) | (540.8M) | (545.7M) | (616.1M) | (585.3M) | |
| Non Operating Income Net Other | (5.8M) | 22.9M | 146.6M | (14.1M) | (16.2M) | (15.4M) | |
| Tax Provision | 132.8M | (220.2M) | (17.2M) | 5.2M | 22.5M | 40.5M | |
| Interest Income | 8M | 12.9M | 195.3M | 242.6M | 244.1M | 12.3M | |
| Net Interest Income | (79M) | (195.3M) | (242.6M) | (244.1M) | (305.8M) | (290.5M) | |
| Reconciled Depreciation | 251.7M | 277.6M | 327.6M | 337.1M | 315.6M | 307.2M |
Pair Trading with Spirit Aerosystems
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Spirit Aerosystems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Spirit Aerosystems will appreciate offsetting losses from the drop in the long position's value.Moving together with Spirit Stock
| 0.92 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Spirit Stock
| 0.76 | CW | Curtiss Wright | PairCorr |
| 0.62 | DRS | Leonardo DRS, Common | PairCorr |
| 0.6 | ESLT | Elbit Systems | PairCorr |
| 0.54 | EVEX | Eve Holding | PairCorr |
| 0.54 | CAE | CAE Inc | PairCorr |
The ability to find closely correlated positions to Spirit Aerosystems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spirit Aerosystems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Spirit Aerosystems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Spirit Aerosystems Holdings to buy it.
The correlation of Spirit Aerosystems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Spirit Aerosystems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spirit Aerosystems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Spirit Aerosystems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Spirit Stock Analysis
When running Spirit Aerosystems' price analysis, check to measure Spirit Aerosystems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Aerosystems is operating at the current time. Most of Spirit Aerosystems' value examination focuses on studying past and present price action to predict the probability of Spirit Aerosystems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Aerosystems' price. Additionally, you may evaluate how the addition of Spirit Aerosystems to your portfolios can decrease your overall portfolio volatility.