WWD FY 2010 Earnings Report — Woodward, Inc. Revenue & Financial Results | Market Cap Arena

Woodward, Inc.WWD

FY 2010 Earnings

Reported November 18, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.4B	—	1.9%
Op. Income	$182M	—	$136M	—	33.4%
Gross Margin	29.9%	—	28.0%	—	1.8pp
Net Margin	7.6%	—	6.6%	—	1.0pp
EPS (Diluted)	$1.59	—	$1.37	—	16.1%
Free Cash Flow	$156M	—	$190M	—	-17.5%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.0B
GROSS PROFIT	$436M
R&D Expenses	$83M
Selling & Marketing	$0
General & Administrative	$136M
SG&A Expenses	$136M
Other Expenses	$35M
Operating Expenses	$254M
Cost & Expenses	$1.3B
OPERATING INCOME	$182M
Interest Income	$509.0K
Interest Expense	$29M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$155M
Income Tax Expense	$44M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$76M
EBIT	$184M
EBITDA	$260M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.0B
GROSS PROFIT	$436M
R&D Expenses	$83M
Selling & Marketing	$0
General & Administrative	$136M
SG&A Expenses	$136M
Other Expenses	$35M
Operating Expenses	$254M
Cost & Expenses	$1.3B
OPERATING INCOME	$182M
Interest Income	$509.0K
Interest Expense	$29M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$155M
Income Tax Expense	$44M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$76M
EBIT	$184M
EBITDA	$260M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$76M
Stock-Based Compensation	$0
Deferred Income Tax	$16M
Other Non-Cash Items	$2M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$185M
Capital Expenditure	-$28M
Acquisitions (Net)	-$24M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$312.0K
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	-$106M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$17M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$129M
FREE CASH FLOW	$156M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$106M
Short-Term Investments	$0
Net Receivables	$267M
Inventory	$295M
Other Current Assets	$52M
TOTAL CURRENT ASSETS	$719M
PP&E (Net)	$194M
Goodwill	$439M
Intangible Assets	$292M
Long-Term Investments	$0
Tax Assets	$9M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$944M
TOTAL ASSETS	$1.7B
Account Payables	$107M
Short-Term Debt	$41M
Deferred Revenue	$5M
Other Current Liabilities	$58M
TOTAL CURRENT LIABILITIES	$263M
Long-Term Debt	$425M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$88M
Other Non-Current Liabilities	$84M
TOTAL NON-CURRENT LIABILITIES	$597M
TOTAL LIABILITIES	$860M
Common Stock	$106.0K
Additional Paid-In Capital	$74M
Retained Earnings	$836M
Treasury Stock	-$118M
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$803M
Minority Interest	$0
TOTAL EQUITY	$803M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$466M
Net Debt	$360M