WWD FY 2011 Earnings Report — Woodward, Inc. Revenue & Financial Results | Market Cap Arena

Woodward, Inc.WWD

FY 2011 Earnings

Reported November 16, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.5B	—	17.5%
Op. Income	$212M	—	$182M	—	16.7%
Gross Margin	30.0%	—	29.9%	—	0.1pp
Net Margin	7.7%	—	7.6%	—	0.1pp
EPS (Diluted)	$1.89	—	$1.59	—	18.9%
Free Cash Flow	$66M	—	$156M	—	-57.6%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$514M
R&D Expenses	$116M
Selling & Marketing	$0
General & Administrative	$149M
SG&A Expenses	$149M
Other Expenses	$37M
Operating Expenses	$301M
Cost & Expenses	$1.5B
OPERATING INCOME	$212M
Interest Income	$534.0K
Interest Expense	$25M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$188M
Income Tax Expense	$55M
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$35M
EBIT	$213M
EBITDA	$288M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$514M
R&D Expenses	$116M
Selling & Marketing	$0
General & Administrative	$149M
SG&A Expenses	$149M
Other Expenses	$37M
Operating Expenses	$301M
Cost & Expenses	$1.5B
OPERATING INCOME	$212M
Interest Income	$534.0K
Interest Expense	$25M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$188M
Income Tax Expense	$55M
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$35M
EBIT	$213M
EBITDA	$288M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$132M
Depreciation & Amortization	$75M
Stock-Based Compensation	$0
Deferred Income Tax	-$10M
Other Non-Cash Items	$4M
Change in Working Capital	-$87M
OPERATING CASH FLOW	$115M
Capital Expenditure	-$48M
Acquisitions (Net)	-$47M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$87M
Net Debt Issuance	-$37M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$19M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$56M
FREE CASH FLOW	$66M
Net Change in Cash	-$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$75M
Short-Term Investments	$0
Net Receivables	$300M
Inventory	$382M
Other Current Assets	$62M
TOTAL CURRENT ASSETS	$813M
PP&E (Net)	$207M
Goodwill	$462M
Intangible Assets	$269M
Long-Term Investments	$0
Tax Assets	$10M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$969M
TOTAL ASSETS	$1.8B
Account Payables	$123M
Short-Term Debt	$18M
Deferred Revenue	$8M
Other Current Liabilities	$63M
TOTAL CURRENT LIABILITIES	$281M
Long-Term Debt	$407M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$89M
TOTAL NON-CURRENT LIABILITIES	$581M
TOTAL LIABILITIES	$862M
Common Stock	$106.0K
Additional Paid-In Capital	$81M
Retained Earnings	$950M
Treasury Stock	-$120M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$919M
Minority Interest	$0
TOTAL EQUITY	$919M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$425M
Net Debt	$351M