WWD FY 2019 Earnings Report — Woodward, Inc. Revenue & Financial Results | Market Cap Arena

Woodward, Inc.WWD

FY 2019 Earnings

Reported November 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.3B	—	24.7%
Op. Income	$341M	—	$281M	—	21.1%
Gross Margin	24.4%	—	26.1%	—	-1.7pp
Net Margin	9.0%	—	7.8%	—	1.2pp
EPS (Diluted)	$4.03	—	$2.82	—	42.9%
Free Cash Flow	$289M	—	$172M	—	68.1%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$2.2B
GROSS PROFIT	$708M
R&D Expenses	$159M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$208M
Other Expenses	$0
Operating Expenses	$367M
Cost & Expenses	$2.6B
OPERATING INCOME	$341M
Interest Income	$1M
Interest Expense	$44M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$321M
Income Tax Expense	$61M
Net Income from Continuing Ops	$260M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$260M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$260M
D&A	$142M
EBIT	$341M
EBITDA	$483M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$2.2B
GROSS PROFIT	$708M
R&D Expenses	$159M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$208M
Other Expenses	$0
Operating Expenses	$367M
Cost & Expenses	$2.6B
OPERATING INCOME	$341M
Interest Income	$1M
Interest Expense	$44M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$321M
Income Tax Expense	$61M
Net Income from Continuing Ops	$260M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$260M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$260M
D&A	$142M
EBIT	$341M
EBITDA	$483M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$260M
Depreciation & Amortization	$142M
Stock-Based Compensation	$0
Deferred Income Tax	-$10M
Other Non-Cash Items	$18M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$388M
Capital Expenditure	-$99M
Acquisitions (Net)	$1M
Purchases of Investments	-$27M
Sales/Maturities of Investments	$22M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$103M
Net Debt Issuance	-$150M
Common Stock Repurchased	-$110M
Common Dividends Paid	-$39M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$263M
FREE CASH FLOW	$289M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$99M
Short-Term Investments	$0
Net Receivables	$600M
Inventory	$517M
Other Current Assets	$56M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.1B
Goodwill	$798M
Intangible Assets	$612M
Long-Term Investments	$28M
Tax Assets	$18M
Other Non-Current Assets	$170M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$4.0B
Account Payables	$240M
Short-Term Debt	$220M
Deferred Revenue	$28M
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$707M
Long-Term Debt	$865M
Deferred Revenue NC	$337M
Deferred Tax Liabilities	$151M
Other Non-Current Liabilities	$169M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.2B
Common Stock	$106.0K
Additional Paid-In Capital	$207M
Retained Earnings	$2.2B
Treasury Stock	-$611M
Accum. Other Comp. Income	-$103M
Other Equity	$9M
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.1B
Net Debt	$986M