WWD FY 2017 Earnings Report — Woodward, Inc. Revenue & Financial Results | Market Cap Arena

Woodward, Inc.WWD

FY 2017 Earnings

Reported November 13, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.0B	—	3.7%
Op. Income	$269M	—	$254M	—	6.1%
Gross Margin	27.3%	—	27.1%	—	0.2pp
Net Margin	9.6%	—	8.9%	—	0.6pp
EPS (Diluted)	$3.16	—	$2.85	—	10.9%
Free Cash Flow	$215M	—	$260M	—	-17.1%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$573M
R&D Expenses	$127M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$175M
Other Expenses	$0
Operating Expenses	$302M
Cost & Expenses	$1.8B
OPERATING INCOME	$269M
Interest Income	$2M
Interest Expense	$36M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$253M
Income Tax Expense	$52M
Net Income from Continuing Ops	$201M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$201M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$201M
D&A	$81M
EBIT	$269M
EBITDA	$350M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$573M
R&D Expenses	$127M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$175M
Other Expenses	$0
Operating Expenses	$302M
Cost & Expenses	$1.8B
OPERATING INCOME	$269M
Interest Income	$2M
Interest Expense	$36M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$253M
Income Tax Expense	$52M
Net Income from Continuing Ops	$201M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$201M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$201M
D&A	$81M
EBIT	$269M
EBITDA	$350M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$201M
Depreciation & Amortization	$81M
Stock-Based Compensation	$0
Deferred Income Tax	$23M
Other Non-Cash Items	$14M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$308M
Capital Expenditure	-$92M
Acquisitions (Net)	$4M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$5M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$92M
Net Debt Issuance	-$125M
Common Stock Repurchased	-$72M
Common Dividends Paid	-$30M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$212M
FREE CASH FLOW	$215M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$88M
Short-Term Investments	$0
Net Receivables	$422M
Inventory	$474M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$922M
Goodwill	$557M
Intangible Assets	$172M
Long-Term Investments	$23M
Tax Assets	$20M
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.8B
Account Payables	$233M
Short-Term Debt	$33M
Deferred Revenue	$11M
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$427M
Long-Term Debt	$580M
Deferred Revenue NC	$237M
Deferred Tax Liabilities	$33M
Other Non-Current Liabilities	$108M
TOTAL NON-CURRENT LIABILITIES	$958M
TOTAL LIABILITIES	$1.4B
Common Stock	$106.0K
Additional Paid-In Capital	$164M
Retained Earnings	$1.8B
Treasury Stock	-$567M
Accum. Other Comp. Income	-$53M
Other Equity	$7M
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$613M
Net Debt	$525M