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Woodward, Inc. – ‘10-K’ for 9/30/22 – ‘R34’

On:  Friday, 11/18/22, at 4:31pm ET   ·   For:  9/30/22   ·   Accession #:  1564590-22-38033   ·   File #:  1-39265

Previous ‘10-K’:  ‘10-K’ on 11/19/21 for 9/30/21   ·   Next & Latest:  ‘10-K’ on 11/17/23 for 9/30/23   ·   24 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/18/22  Woodward, Inc.                    10-K        9/30/22  171:45M                                    ActiveDisclosure/FA

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   8.49M 
 2: EX-3.2      EX-3.2 Updated Bylaws                               HTML    274K 
 3: EX-10       Ex-10.31                                            HTML   4.96M 
 5: EX-10       Ex-10.34                                            HTML    241K 
 4: EX-10.32    EX-10.32 Ross                                       HTML    490K 
 6: EX-21.1     Subsidiaries List                                   HTML     54K 
 7: EX-23.1     Consent of Expert or Counsel                        HTML     46K 
 8: EX-31.1     Certification -- §302 - SOA'02                      HTML     56K 
 9: EX-31.2     Certification -- §302 - SOA'02                      HTML     56K 
10: EX-32.1     Certification -- §906 - SOA'02                      HTML     49K 
16: R1          Document and Entity Information                     HTML    116K 
17: R2          Consolidated Statements of Earnings                 HTML    121K 
18: R3          Consolidated Statements of Comprehensive Earnings   HTML    111K 
19: R4          Consolidated Balance Sheets                         HTML    163K 
20: R5          Consolidated Balance Sheets (Parenthetical)         HTML     72K 
21: R6          Consolidated Statements of Cash Flows               HTML    144K 
22: R7          Consolidated Statements of Stockholders' Equity     HTML    143K 
23: R8          Consolidated Statements of Stockholders' Equity     HTML     49K 
                (Parenthetical)                                                  
24: R9          Operations and Summary of Significant Accounting    HTML    156K 
                Policies                                                         
25: R10         New Accounting Standards                            HTML     63K 
26: R11         Revenue                                             HTML    450K 
27: R12         Earnings Per Share                                  HTML    129K 
28: R13         Leases                                              HTML    253K 
29: R14         Joint Venture                                       HTML    110K 
30: R15         Financial Instruments and Fair Value Measurements   HTML    232K 
31: R16         Derivative Instruments and Hedging Activities       HTML    150K 
32: R17         Supplemental Statement of Cash Flows Information    HTML     92K 
33: R18         Acquisitions and Divestitures                       HTML    130K 
34: R19         Inventories                                         HTML     76K 
35: R20         Property, Plant, and Equipment                      HTML    102K 
36: R21         Goodwill                                            HTML    103K 
37: R22         Intangible Assets, Net                              HTML    334K 
38: R23         Credit Facilities, Short-term Borrowings and        HTML    176K 
                Long-term Debt                                                   
39: R24         Accrued Liabilities                                 HTML    250K 
40: R25         Other Liabilities                                   HTML     83K 
41: R26         Other (Income) Expense, Net                         HTML     90K 
42: R27         Income Taxes                                        HTML    284K 
43: R28         Retirement Benefits                                 HTML   1.64M 
44: R29         Stockholders' Equity                                HTML    241K 
45: R30         Commitments and Contingencies                       HTML     68K 
46: R31         Segment Information                                 HTML    292K 
47: R32         Operations and Summary of Significant Accounting    HTML    225K 
                Policies (Policies)                                              
48: R33         Operations and Summary of Significant Accounting    HTML    101K 
                Policies (Tables)                                                
49: R34         Revenue (Tables)                                    HTML    451K 
50: R35         Earnings Per Share (Tables)                         HTML    133K 
51: R36         Leases (Tables)                                     HTML    257K 
52: R37         Joint Venture (Tables)                              HTML    110K 
53: R38         Financial Instruments and Fair Value Measurements   HTML    227K 
                (Tables)                                                         
54: R39         Derivative Instruments and Hedging Activities       HTML    134K 
                (Tables)                                                         
55: R40         Supplemental Statement of Cash Flows Information    HTML     91K 
                (Tables)                                                         
56: R41         Acquisitions and Divestitures (Tables)              HTML    132K 
57: R42         Inventories (Tables)                                HTML     77K 
58: R43         Property, Plant, and Equipment (Tables)             HTML    101K 
59: R44         Goodwill (Tables)                                   HTML    102K 
60: R45         Intangible Assets, Net (Tables)                     HTML    334K 
61: R46         Credit Facilities, Short-term Borrowings and        HTML    162K 
                Long-term Debt (Tables)                                          
62: R47         Accrued Liabilities (Tables)                        HTML    253K 
63: R48         Other Liabilities (Tables)                          HTML     82K 
64: R49         Other (Income) Expense, Net (Tables)                HTML     89K 
65: R50         Income Taxes (Tables)                               HTML    285K 
66: R51         Retirement Benefits (Tables)                        HTML   1.65M 
67: R52         Stockholders' Equity (Tables)                       HTML    248K 
68: R53         Commitments and Contingencies (Tables)              HTML     63K 
69: R54         Segment Information (Tables)                        HTML    292K 
70: R55         Operations and Summary of Significant Accounting    HTML     53K 
                Policies (Narrative) (Details)                                   
71: R56         Operations and Summary of Significant Accounting    HTML     77K 
                Policies (Schedule of Property, Plant and                        
                Equipment Useful Lives) (Details)                                
72: R57         Operations and Summary of Significant Accounting    HTML     62K 
                Policies (Schedule of Finite-Lived Intangible                    
                Assets Useful Lives) (Details)                                   
73: R58         New Accounting Standards (Narrative) (Details)      HTML     51K 
74: R59         Revenue - Revenue Derived from Product Sales        HTML     58K 
                (Details)                                                        
75: R60         Revenue (Schedule of Revenue Recognition Time)      HTML     66K 
                (Details)                                                        
76: R61         Revenue (Summary of Amounts Recognized Related to   HTML     51K 
                Changes in Estimated Total Lifetime Sales for                    
                Material Rights and Costs to Fulfill Contracts                   
                With Customers) (Details)                                        
77: R62         Revenue (Summary of Amounts Recognized Related to   HTML     51K 
                Amortization of Costs to Fulfill Contracts and                   
                Contract Liabilities Not Related to Changes in                   
                Estimate) (Details)                                              
78: R63         Revenue (Narrative) (Details)                       HTML     62K 
79: R64         Revenue (Schedule of Accounts Receivable)           HTML     65K 
                (Details)                                                        
80: R65         Revenue (Schedule of Uncollectible Amounts And      HTML     60K 
                Change in Expected Allowance for Credit Losses for               
                Trade Accounts Receivable and Unbilled                           
                Receivables) (Details)                                           
81: R66         Revenue (Schedule of Contract Liability) (Details)  HTML     62K 
82: R67         Revenue (Narrative - Performance Obligations)       HTML     49K 
                (Details)                                                        
83: R68         Revenue (Narrative - Performance Obligations)       HTML     59K 
                (Details1)                                                       
84: R69         Revenue (Schedule of Disaggregation of Revenue)     HTML    104K 
                (Details)                                                        
85: R70         Earnings Per Share (Reconciliation of Net Earnings  HTML     84K 
                to Net Earnings Per Share Basic and Diluted)                     
                (Details)                                                        
86: R71         Earnings Per Share (Anti-dilutive Stock Options     HTML     53K 
                Excluded from Computation of Earnings Per Share)                 
                (Details)                                                        
87: R72         Earnings Per Share (Schedule of Treasury Stock      HTML     49K 
                Shares Held for Deferred Compensation Included in                
                Basic and Diluted Shares Outstanding) (Details)                  
88: R73         Leases (Lease-Related Assets and Liabilities)       HTML     79K 
                (Details)                                                        
89: R74         Leases (Narrative) (Details)                        HTML     56K 
90: R75         Leases (Supplemental Lease-Related Information)     HTML     56K 
                (Details)                                                        
91: R76         Leases (Lease-Related Expenses) (Details)           HTML     64K 
92: R77         Leases (Lease-Related Supplemental Cash Flow        HTML     59K 
                Information) (Details)                                           
93: R78         Leases (Maturities of Lease Liabilities) (Details)  HTML     87K 
94: R79         Leases (Property, Plant and Equipment Leased to     HTML     52K 
                Others through Embedded Leasing Arrangements)                    
                (Details)                                                        
95: R80         Joint Venture (Unamortized Deferred Revenue from    HTML     53K 
                JV) (Details)                                                    
96: R81         Joint Venture (Narrative) (Details)                 HTML     72K 
97: R82         Joint Venture (Other Income Related JV) (Details)   HTML     53K 
98: R83         Joint Venture (Cash Distribution from JV)           HTML     52K 
                (Details)                                                        
99: R84         Joint Venture (Net Sales to the JV) (Details)       HTML     54K 
100: R85         Joint Venture (Accounts Receivable, Accounts        HTML     57K  
                Payable, and Other Assets Related to JV) (Details)               
101: R86         Financial Instruments and Fair Value Measurements   HTML     76K  
                (Financial Assets and Liabilities that are                       
                Measured at Fair Value on a Recurring Basis)                     
                (Details)                                                        
102: R87         Financial Instruments and Fair Value Measurements   HTML     66K  
                (Narrative) (Details)                                            
103: R88         Financial Instruments and Fair Value Measurements   HTML     67K  
                (Estimated Fair Values of Financial Instruments)                 
                (Details)                                                        
104: R89         Derivative Instruments and Hedging Activities       HTML    118K  
                (Narrative) (Details)                                            
105: R90         Derivative Instruments and Hedging Activities       HTML     75K  
                (Impact of Derivative Instruments on Earnings)                   
                (Details)                                                        
106: R91         Supplemental Statement of Cash Flows Information    HTML     64K  
                (Schedule of Supplemental Statement of Cash Flows                
                Information) (Details)                                           
107: R92         Acquisitions and Divestitures (Narrative)           HTML     83K  
                (Details)                                                        
108: R93         Acquisitions and Divestitures (Schedule of          HTML     57K  
                Purchase Price Consideration) (Details)                          
109: R94         Acquisitions and Divestitures (Schedule of Assets   HTML     80K  
                Acquired and Liabilities Assumed) (Details)                      
110: R95         Acquisitions and Divestitures (Schedule of          HTML     60K  
                Finite-Lived Intangible Assets Acquired) (Details)               
111: R96         Acquisitions and Divestitures (Carrying Value of    HTML     76K  
                the Assets and Liabilities Sold) (Details)                       
112: R97         Inventories (Schedule of Inventories) (Details)     HTML     63K  
113: R98         Property, Plant, and Equipment (Schedule of         HTML     73K  
                Property Plant and Equipment, Net) (Details)                     
114: R99         Property, Plant, and Equipment (Narrative)          HTML     63K  
                (Details)                                                        
115: R100        Property, Plant, and Equipment (Schedule of         HTML     49K  
                Depreciation Expense) (Details)                                  
116: R101        Goodwill (Schedule of Goodwill) (Details)           HTML     60K  
117: R102        Goodwill (Narrative) (Details)                      HTML     71K  
118: R103        Intangible Assets, Net (Schedule of Finite-Lived    HTML     90K  
                and Indefinite-Lived Intangible Assets by Major                  
                Class) (Details)                                                 
119: R104        Intangible Assets, Net (Narrative) (Details)        HTML     60K  
120: R105        Intangible Assets, Net (Schedule of Finite-Lived    HTML     49K  
                Intangible Assets Amortization Expense) (Details)                
121: R106        Intangible Assets, Net (Schedule of Finite-Lived    HTML     62K  
                Intangible Assets, Future Amortization Expense)                  
                (Details)                                                        
122: R107        Credit Facilities, Short-term Borrowings and        HTML     64K  
                Long-term Debt (Short-term Borrowings and                        
                Availability Under Various Short-term Credit                     
                Facilities) (Details)                                            
123: R108        Credit Facilities, Short-term Borrowings and        HTML    158K  
                Long-term Debt (Narrative) (Details)                             
124: R109        Credit Facilities, Short-term Borrowings and        HTML     98K  
                Long-term Debt (Schedule of Long-term Debt)                      
                (Details)                                                        
125: R110        Credit Facilities, Short-term Borrowings and        HTML     64K  
                Long-term Debt (Schedule of Future Principal                     
                Payments of Long-term Debt) (Details)                            
126: R111        Accrued Liabilities (Accrued Liabilities)           HTML     71K  
                (Details)                                                        
127: R112        Accrued Liabilities (Accrued Liabilities)           HTML     49K  
                (Parenthetical) (Details)                                        
128: R113        Accrued Liabilities (Changes in Accrued Product     HTML     55K  
                Warranties and Related Liabilities) (Details)                    
129: R114        Accrued Liabilities (Narrative) (Details)           HTML     65K  
130: R115        Accrued Liabilities (Changes in Restructuring       HTML     78K  
                Reserve Activity) (Details)                                      
131: R116        Other Liabilities (Schedule of Other Liabilities)   HTML     69K  
                (Details)                                                        
132: R117        Other (Income) Expense, Net (Schedule of Other      HTML     63K  
                (Income) Expense, Net) (Details)                                 
133: R118        Other (Income) Expense, Net (Schedule of Other      HTML     52K  
                (Income) Expense, Net) (Parenthetical) (Details)                 
134: R119        Income Taxes (Components of Income Tax Expense      HTML     69K  
                (Benefit)) (Details)                                             
135: R120        Income Taxes (Earnings Before Income Taxes by       HTML     57K  
                Geographical Area) (Details)                                     
136: R121        Income Taxes (Schedule of Deferred Tax Assets and   HTML     89K  
                Liabilities) (Details)                                           
137: R122        Income Taxes (Narrative) (Details)                  HTML     73K  
138: R123        Income Taxes (Reconciliation of U.S Statutory Rate  HTML     70K  
                to Effective Tax Rate) (Details)                                 
139: R124        Income Taxes (Reconciliation of the Beginning and   HTML     58K  
                Ending Amounts of Gross Unrecognized Tax Benefits)               
                (Details)                                                        
140: R125        Retirement Benefits (Narrative) (Details)           HTML    142K  
141: R126        Retirement Benefits (Schedule of Amount of Expense  HTML     49K  
                Associated with Defined Contribution Plans)                      
                (Details)                                                        
142: R127        Retirement Benefits (Schedule of Assumptions Used)  HTML     83K  
                (Details)                                                        
143: R128        Retirement Benefits (Schedule of Net Periodic       HTML     97K  
                Benefit Costs) (Details)                                         
144: R129        Retirement Benefits (Schedule of Changes in         HTML    112K  
                Projected Benefit Obligations, Fair Value of Plan                
                Assets, and Funded Status of Plan) (Details)                     
145: R130        Retirement Benefits (Schedule of Accumulated        HTML     65K  
                Benefit Obligations In Excess of and Less Than                   
                Fair Value of Plan Assets) (Details)                             
146: R131        Retirement Benefits (Schedule of Amounts            HTML     93K  
                Recognized in Balance Sheet and Other                            
                Comprehensive Income (Loss)) (Details)                           
147: R132        Retirement Benefits (Schedule of Changes in Plan    HTML     83K  
                Assets and Benefit Obligations Recorded in Other                 
                Comprehensive Income (Loss)) (Details)                           
148: R133        Retirement Benefits (Schedule of Expected Benefit   HTML     71K  
                Payments) (Details)                                              
149: R134        Retirement Benefits (Schedule of Allocation of      HTML     93K  
                Plan Assets, Actual and Target Allocations)                      
                (Details)                                                        
150: R135        Retirement Benefits (Schedule of Allocation of      HTML    113K  
                Plan Assets, Fair Value Hierarchy) (Details)                     
151: R136        Retirement Benefits (Schedule of Health Care Cost   HTML     55K  
                Trend Rates) (Details)                                           
152: R137        Stockholders' Equity (Dividends Declared and Paid)  HTML     51K  
                (Details)                                                        
153: R138        Stockholders' Equity (Narrative) (Details)          HTML    120K  
154: R139        Stockholders' Equity (Schedule of Assumptions Used  HTML     66K  
                in Estimate of Fair Value of Stock Option Awards)                
                (Details)                                                        
155: R140        Stockholders' Equity (Weighted Average Grant Date   HTML     51K  
                Fair Value of Options Granted) (Details)                         
156: R141        Stockholders' Equity (Summary of Activity for       HTML     73K  
                Stock Option Awards) (Details)                                   
157: R142        Stockholders' Equity (Changes in Non-vested Stock   HTML     66K  
                Options) (Details)                                               
158: R143        Stockholders' Equity (Stock Options Vested, or      HTML     80K  
                Expected to Vest and Exercisable) (Details)                      
159: R144        Stockholders' Equity (Other Stock Option            HTML     57K  
                Information) (Details)                                           
160: R145        Stockholders' Equity (Stock-based Compensation      HTML     49K  
                Expense Recognized) (Details)                                    
161: R146        Commitments and Contingencies (Future Minimum       HTML     60K  
                Unconditional Purchase Obligations) (Details)                    
162: R147        Commitments and Contingencies (Narrative)           HTML     50K  
                (Details)                                                        
163: R148        Segment Information (Narrative) (Details)           HTML     61K  
164: R149        Segment Information (Summary of Consolidated Net    HTML     72K  
                Sales and Earnings by Segment) (Details)                         
165: R150        Segment Information (Summary of Consolidated Total  HTML     76K  
                Assets, Depreciation and Amortization, and Capital               
                Expenditures by Segment) (Details)                               
166: R151        Segment Information (U.S. Government Related Sales  HTML     79K  
                by Segment) (Details)                                            
169: XML         IDEA XML File -- Filing Summary                      XML    357K  
167: XML         XBRL Instance -- wwd-10k_20220930_htm                XML  12.15M  
168: EXCEL       IDEA Workbook of Financial Reports                  XLSX    357K  
12: EX-101.CAL  XBRL Calculations -- wwd-20220930_cal                XML    409K 
13: EX-101.DEF  XBRL Definitions -- wwd-20220930_def                 XML   1.54M 
14: EX-101.LAB  XBRL Labels -- wwd-20220930_lab                      XML   2.77M 
15: EX-101.PRE  XBRL Presentations -- wwd-20220930_pre               XML   2.39M 
11: EX-101.SCH  XBRL Schema -- wwd-20220930                          XSD    417K 
170: JSON        XBRL Instance as JSON Data -- MetaLinks              808±  1.37M  
171: ZIP         XBRL Zipped Folder -- 0001564590-22-038033-xbrl      Zip   1.89M  


‘R34’   —   Revenue (Tables)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
 <>  v3.22.2.2
Revenue (Tables)
12 Months Ended
Revenue From Contract With Customer [Abstract]  
Revenue Derived from Product Sales

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Manufactured products

 

 

84

%

 

 

86

%

 

 

86

%

MRO

 

 

14

%

 

 

13

%

 

 

12

%

Services

 

 

2

%

 

 

1

%

 

 

2

%

Schedule of Revenue Recognition Time

The amount of revenue recognized as point in time or over time follows:

 

 

 

For the Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

Point in time

 

$

593,233

 

 

$

509,737

 

 

$

1,102,970

 

 

$

481,422

 

 

$

527,233

 

 

$

1,008,655

 

 

$

590,817

 

 

$

592,157

 

 

$

1,182,974

 

Over time

 

 

926,089

 

 

 

353,731

 

 

 

1,279,820

 

 

 

922,695

 

 

 

314,482

 

 

 

1,237,177

 

 

 

1,000,146

 

 

 

312,545

 

 

 

1,312,691

 

Total net sales

 

$

1,519,322

 

 

$

863,468

 

 

$

2,382,790

 

 

$

1,404,117

 

 

$

841,715

 

 

$

2,245,832

 

 

$

1,590,963

 

 

$

904,702

 

 

$

2,495,665

 

Summary of Amounts Recognized Related to Changes in Estimated Total Lifetime Sales for Material Rights and Costs to Fulfill Contracts With Customers

Amounts recognized related to changes in estimated total lifetime sales for material rights and costs to fulfill contracts with customers follows:

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Revenue

 

$

1,514

 

 

$

2,671

 

 

$

6,784

 

Cost of goods sold

 

 

667

 

 

 

1,961

 

 

 

6,638

 

Summary of Amounts Recognized Related to Amortization of Costs to Fulfill Contracts and Contract Liabilities Not Related to Changes in Estimate

Amounts recognized related to amortization of costs to fulfill contracts and contract liabilities, which were not related to changes in estimate, follows:

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Revenue

 

$

4,107

 

 

$

4,455

 

 

$

1,664

 

Cost of goods sold

 

 

3,077

 

 

 

3,466

 

 

 

1,241

 

Schedule of Accounts Receivable

Accounts receivable consisted of the following:

 

 

 

September 30, 2022

 

 

September 30, 2021

 

Billed receivables

 

 

 

 

 

 

 

 

Trade accounts receivable

 

$

359,364

 

 

$

298,951

 

Other (Chinese financial institutions)

 

 

9,405

 

 

 

23,168

 

Total billed receivables

 

 

368,769

 

 

 

322,119

 

Current unbilled receivables (contract assets)

 

 

245,117

 

 

 

204,596

 

Total accounts receivable

 

 

613,886

 

 

 

526,715

 

Less: Allowance for uncollectible amounts

 

 

(3,922

)

 

 

(3,664

)

Total accounts receivable, net

 

$

609,964

 

 

$

523,051

 

Schedule of Uncollectible Amounts And Change in Expected Allowance for Credit Losses for Trade Accounts Receivable and Unbilled Receivables

The allowance for uncollectible amounts and change in expected credit losses for trade accounts receivable and unbilled receivables (contract assets) consisted of the following:

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Balance, beginning

 

$

3,664

 

 

$

8,359

 

 

$

8,936

 

Charged to costs and expenses, or sales allowance

 

 

1,866

 

 

 

2,382

 

 

 

4,735

 

Deductions

 

 

(1,587

)

 

 

(7,255

)

 

 

(5,342

)

Other (deductions)/additions1

 

 

(21

)

 

 

178

 

 

 

30

 

Balance, ending

 

$

3,922

 

 

$

3,664

 

 

$

8,359

 

 

(1)

Includes effects of foreign exchange rate changes during the period.

Schedule of Contract Liability

Contract liabilities consisted of the following:  

 

 

 

September 30, 2022

 

 

September 30, 2021

 

 

 

Current

 

 

Noncurrent

 

 

Current

 

 

Noncurrent

 

Deferred revenue from material rights from GE joint venture formation

 

$

5,754

 

 

$

234,516

 

 

$

4,771

 

 

$

234,237

 

Deferred revenue from advanced invoicing and/or prepayments from customers

 

 

4,120

 

 

 

38

 

 

 

4,192

 

 

 

290

 

Liability related to customer supplied inventory

 

 

12,442

 

 

 

 

 

 

14,169

 

 

 

 

Deferred revenue from material rights related to engineering and development funding

 

 

8,347

 

 

 

161,791

 

 

 

6,395

 

 

 

151,797

 

Net contract liabilities

 

$

30,663

 

 

$

396,345

 

 

$

29,527

 

 

$

386,324

 

Schedule of Disaggregation of Revenue

Revenue by primary market for the Aerospace reportable segment was as follows:

 

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Commercial OEM

 

$

499,438

 

 

$

386,543

 

 

$

434,306

 

Commercial aftermarket

 

 

420,881

 

 

 

306,547

 

 

 

399,843

 

Defense OEM

 

 

422,016

 

 

 

509,815

 

 

 

526,264

 

Defense aftermarket

 

 

176,987

 

 

 

201,212

 

 

 

230,550

 

Total Aerospace segment net sales

 

$

1,519,322

 

 

$

1,404,117

 

 

$

1,590,963

 

Revenue by primary market for the Industrial reportable segment was as follows:

 

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Reciprocating engines

 

$

636,866

 

 

$

639,946

 

 

$

632,555

 

Industrial turbines

 

 

226,602

 

 

 

201,769

 

 

 

222,366

 

Renewables1

 

 

 

 

 

 

 

 

49,781

 

Total Industrial segment net sales

 

$

863,468

 

 

$

841,715

 

 

$

904,702

 

The customers who account for approximately 10% or more of net sales of each of Woodward’s reportable segments are as follows:

 

 

For the Year Ended September 30,

 

 

2022

 

2021

Aerospace

 

Raytheon Technologies, The Boeing Company, GE

 

The Boeing Company, Raytheon Technologies, GE

Industrial

 

Rolls-Royce PLC,

Wärtsilä, Caterpillar

 

Rolls-Royce PLC,

Weichai Westport, GE

Net sales by geographic area, as determined based on the location of the customer, were as follows:

 

 

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

 

Aerospace

 

 

Industrial

 

 

Consolidated

 

United States

 

$

1,105,860

 

 

$

205,740

 

 

$

1,311,600

 

 

$

1,103,373

 

 

$

174,750

 

 

$

1,278,123

 

 

$

1,231,004

 

 

$

195,450

 

 

$

1,426,454

 

Germany

 

 

57,840

 

 

 

174,216

 

 

 

232,056

 

 

 

31,005

 

 

 

152,691

 

 

 

183,696

 

 

 

52,635

 

 

 

181,330

 

 

 

233,965

 

Europe, excluding Germany

 

 

128,719

 

 

 

234,795

 

 

 

363,514

 

 

 

95,984

 

 

 

195,957

 

 

 

291,941

 

 

 

122,938

 

 

 

214,033

 

 

 

336,971

 

China

 

 

49,407

 

 

 

86,972

 

 

 

136,379

 

 

 

35,286

 

 

 

178,983

 

 

 

214,269

 

 

 

38,359

 

 

 

171,526

 

 

 

209,885

 

Asia, excluding China

 

 

23,334

 

 

 

128,855

 

 

 

152,189

 

 

 

23,363

 

 

 

114,137

 

 

 

137,500

 

 

 

27,068

 

 

 

113,001

 

 

 

140,069

 

Other countries

 

 

154,162

 

 

 

32,890

 

 

 

187,052

 

 

 

115,106

 

 

 

25,197

 

 

 

140,303

 

 

 

118,959

 

 

 

29,362

 

 

 

148,321

 

Total net sales

 

$

1,519,322

 

 

$

863,468

 

 

$

2,382,790

 

 

$

1,404,117

 

 

$

841,715

 

 

$

2,245,832

 

 

$

1,590,963

 

 

$

904,702

 

 

$

2,495,665

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:11/18/22
For Period end:9/30/22
9/30/2110-K
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/17/23  Woodward, Inc.                    10-K        9/30/23  171:36M                                    Donnelley … Solutions/FA
 2/15/23  Woodward, Inc.                    S-8         2/15/23    4:267K                                   Donnelley … Solutions/FA


21 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/06/22  Woodward, Inc.                    10-Q        3/31/22  122:19M                                    ActiveDisclosure/FA
 2/04/22  Woodward, Inc.                    10-Q       12/31/21  120:17M                                    ActiveDisclosure/FA
11/19/21  Woodward, Inc.                    10-K        9/30/21  166:36M                                    ActiveDisclosure/FA
 4/06/20  Woodward, Inc.                    8-K:1,3,5,7 4/03/20   15:742K                                   Donnelley … Solutions/FA
 5/08/19  Woodward, Inc.                    10-Q        3/31/19  129:21M
11/13/18  Woodward, Inc.                    10-K        9/30/18  159:30M
 8/08/18  Woodward, Inc.                    10-Q        6/30/18  115:21M
 6/04/18  Woodward, Inc.                    8-K:1,2,7,9 5/31/18    6:839K                                   Donnelley … Solutions/FA
 1/25/17  Woodward, Inc.                    10-Q       12/31/16   99:10M
11/16/16  Woodward, Inc.                    10-K        9/30/16  150:30M
 2/09/16  Woodward, Inc.                    10-Q       12/31/15  101:11M
 1/08/16  Woodward, Inc.                    8-K:1,2,9   1/08/16    4:1.6M
11/12/14  Woodward, Inc.                    10-K        9/30/14  149:39M
11/14/13  Woodward, Inc.                    10-K        9/30/13  154:37M
10/04/13  Woodward, Inc.                    8-K:1,2,5,8 9/30/13    5:838K                                   Donnelley … Solutions/FA
11/15/12  Woodward, Inc.                    10-K        9/30/12  153:19M                                    Donnelley … Solutions/FA
11/16/11  Woodward, Inc.                    10-K        9/30/11  153:13M                                    Donnelley … Solutions/FA
 1/28/11  Woodward, Inc.                    8-K:5,7     1/26/11    4:116K                                   Donnelley Fi… Express/FA
11/20/08  Woodward, Inc.                    10-K        9/30/08   13:1.5M                                   RR Donnelley
 4/28/06  Woodward, Inc.                    S-8         4/28/06    5:201K                                   Bowne Boc/FA
12/22/00  Woodward, Inc.                    10-K®       9/30/00   23:997K
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