WWD FY 2009 Earnings Report — Woodward, Inc. Revenue & Financial Results | Market Cap Arena

Woodward, Inc.WWD

FY 2009 Earnings

Reported November 20, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	13.7%
Op. Income	$136M	—	$180M	—	-24.0%
Gross Margin	28.0%	—	29.8%	—	-1.8pp
Net Margin	6.6%	—	9.7%	—	-3.1pp
EPS (Diluted)	$1.37	—	$1.75	—	-21.7%
Free Cash Flow	$190M	—	$88M	—	116.0%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$401M
R&D Expenses	$79M
Selling & Marketing	$0
General & Administrative	$129M
SG&A Expenses	$129M
Other Expenses	$57M
Operating Expenses	$265M
Cost & Expenses	$1.3B
OPERATING INCOME	$136M
Interest Income	$1M
Interest Expense	$34M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$122M
Income Tax Expense	$28M
Net Income from Continuing Ops	$94M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$94M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$94M
D&A	$26M
EBIT	$156M
EBITDA	$220M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$401M
R&D Expenses	$79M
Selling & Marketing	$0
General & Administrative	$129M
SG&A Expenses	$129M
Other Expenses	$57M
Operating Expenses	$265M
Cost & Expenses	$1.3B
OPERATING INCOME	$136M
Interest Income	$1M
Interest Expense	$34M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$122M
Income Tax Expense	$28M
Net Income from Continuing Ops	$94M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$94M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$94M
D&A	$26M
EBIT	$156M
EBITDA	$220M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$94M
Depreciation & Amortization	$64M
Stock-Based Compensation	$5M
Deferred Income Tax	$17M
Other Non-Cash Items	-$3M
Change in Working Capital	$40M
OPERATING CASH FLOW	$219M
Capital Expenditure	-$29M
Acquisitions (Net)	-$685M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$714M
Net Debt Issuance	$505M
Common Stock Repurchased	-$866.0K
Common Dividends Paid	-$16M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$488M
FREE CASH FLOW	$190M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$101M
Short-Term Investments	$0
Net Receivables	$226M
Inventory	$302M
Other Current Assets	$67M
TOTAL CURRENT ASSETS	$696M
PP&E (Net)	$209M
Goodwill	$443M
Intangible Assets	$328M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.7B
Account Payables	$81M
Short-Term Debt	$46M
Deferred Revenue	$8M
Other Current Liabilities	$92M
TOTAL CURRENT LIABILITIES	$262M
Long-Term Debt	$527M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$112M
TOTAL NON-CURRENT LIABILITIES	$725M
TOTAL LIABILITIES	$987M
Common Stock	$106.0K
Additional Paid-In Capital	$73M
Retained Earnings	$742M
Treasury Stock	-$120M
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$709M
Minority Interest	$0
TOTAL EQUITY	$709M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$572M
Net Debt	$471M