WWD FY 2012 Earnings Report — Woodward, Inc. Revenue & Financial Results | Market Cap Arena

Woodward, Inc.WWD

FY 2012 Earnings

Reported November 15, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.7B	—	9.0%
Op. Income	$222M	—	$212M	—	4.4%
Gross Margin	30.1%	—	30.0%	—	0.1pp
Net Margin	7.6%	—	7.7%	—	-0.1pp
EPS (Diluted)	$2.01	—	$1.89	—	6.3%
Free Cash Flow	$77M	—	$66M	—	16.1%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$562M
R&D Expenses	$143M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$165M
Other Expenses	$0
Operating Expenses	$339M
Cost & Expenses	$1.6B
OPERATING INCOME	$222M
Interest Income	$542.0K
Interest Expense	$26M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$198M
Income Tax Expense	$56M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$69M
EBIT	$222M
EBITDA	$290M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$562M
R&D Expenses	$143M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$165M
Other Expenses	$0
Operating Expenses	$339M
Cost & Expenses	$1.6B
OPERATING INCOME	$222M
Interest Income	$542.0K
Interest Expense	$26M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$198M
Income Tax Expense	$56M
Net Income from Continuing Ops	$142M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$69M
EBIT	$222M
EBITDA	$290M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$142M
Depreciation & Amortization	$69M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$3M
Change in Working Capital	-$67M
OPERATING CASH FLOW	$142M
Capital Expenditure	-$65M
Acquisitions (Net)	$283.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$65M
Net Debt Issuance	-$33M
Common Stock Repurchased	-$44M
Common Dividends Paid	-$21M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$88M
FREE CASH FLOW	$77M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$62M
Short-Term Investments	$0
Net Receivables	$362M
Inventory	$398M
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$903M
PP&E (Net)	$66M
Goodwill	$461M
Intangible Assets	$404M
Long-Term Investments	$7M
Tax Assets	$9M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$956M
TOTAL ASSETS	$1.9B
Account Payables	$125M
Short-Term Debt	$8M
Deferred Revenue	$7M
Other Current Liabilities	$58M
TOTAL CURRENT LIABILITIES	$280M
Long-Term Debt	$384M
Deferred Revenue NC	$95M
Deferred Tax Liabilities	$78M
Other Non-Current Liabilities	$109M
TOTAL NON-CURRENT LIABILITIES	$572M
TOTAL LIABILITIES	$852M
Common Stock	$106.0K
Additional Paid-In Capital	$98M
Retained Earnings	$1.1B
Treasury Stock	-$152M
Accum. Other Comp. Income	-$12M
Other Equity	$4M
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$392M
Net Debt	$330M