← Woodward, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $180.8m |
$200.5m
+10.88%
|
$180.4m
-10.04%
|
$259.6m
+43.92%
|
$240.4m
-7.40%
|
$208.6m
-13.21%
|
$171.7m
-17.71%
|
$232.4m
+35.34%
|
$373.0m
+60.51%
|
$442.1m
+18.54%
|
— | |
| Depreciation, Depletion and Amortization | $69.0m | $80.9m | $116.1m | $142.0m | $131.2m | $129.5m | $120.6m | $119.7m | $116.2m | $113.3m | $120.2m | |
| Amortization of Debt Issuance Costs | $1.2m | $1.1m | $1.3m | $1.1m | $892k | $922k | $917k | $963k | $929k | $918k | — | |
| Amortization of Intangible Assets | $27.5m | $25.8m | $44.7m | $56.0m | $39.5m | $41.9m | $37.6m | $37.6m | $33.6m | $28.2m | — | |
| Depreciation | $41.5m | $55.1m | $71.4m | $86.0m | $91.7m | $87.6m | $83.0m | $82.2m | $82.6m | $85.1m | $88.5m | |
| Deferred Income Tax Expense (Benefit) | ($52.7m) | $22.8m | ($30.2m) | ($10.1m) | $1.3m | ($12.0m) | ($23.2m) | ($40.2m) | ($44.6m) | ($52.4m) | $24.7m | |
| Share-based Payment Arrangement, Noncash Expense | $15.1m | $17.3m | $18.2m | $18.1m | $22.9m | $21.5m | $20.1m | $23.4m | $33.1m | $31.7m | $34.8m | |
| Share-based Payment Arrangement, Expense | $15.1m | $17.3m | $18.2m | $18.1m | $22.9m | $21.5m | $20.1m | $24.0m | $33.1m | $31.7m | $34.8m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $8.6m | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | $200k | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $6.2m | $2.6m | $3.3m | $12.9m | $15.6m | $11.4m | $18.2m | $36.8m | $41.2m | $45.9m | — | |
| Other Nonoperating Income (Expense) | $12.3m | $9.0m | $1.5m | $26.0m | $56.2m | $36.5m | $26.7m | $50.3m | $67.2m | $84.0m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $9.2m | $53.2m | $6.5m | ($841k) | ($52.1m) | ($41.2m) | $54.4m | $113.1m | ($35.8m) | $11.5m | ($199.2m) | |
| Increase (Decrease) in Inventories | $17.7m | $10.9m | $7.7m | $49.2m | ($61.0m) | ($18.9m) | $110.2m | ($3.2m) | $84.9m | $49.6m | ($56.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $435.4m |
$307.5m
-29.36%
|
$299.3m
-2.68%
|
$390.6m
+30.51%
|
$349.5m
-10.53%
|
$464.7m
+32.96%
|
$193.6m
-58.33%
|
$308.5m
+59.34%
|
$439.1m
+42.31%
|
$471.3m
+7.33%
|
$585.3m
+24.18%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $175.7m | $92.3m | $127.1m | $99.1m | $47.1m | $37.7m | $52.9m | $76.5m | $96.3m | $130.9m | ($208.7m) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | — | $6.6m | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $771.1m | — | $771.1m | — | $21.5m | ($878k) | — | $41.7m | ($44.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($173.9m) | ($91.9m) | ($896.6m) | ($102.5m) | ($6.9m) | ($35.3m) | ($65.4m) | ($73.6m) | ($89.2m) | ($119.6m) | ($378.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | $179.3m | — | $400.0m | — | — | — | — | — | — | — | $2.5b | |
| Payments for Repurchase of Common Stock | $125.5m | $71.8m | $0 | $110.3m | $13.3m | $33.3m | $485.3m | $126.4m | $390.8m | $172.9m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($261.0m) |
($211.8m)
+18.84%
|
$606.0m
+386.10%
|
($265.6m)
-143.83%
|
($290.2m)
-9.28%
|
($136.3m)
+53.03%
|
($442.4m)
-224.52%
|
($196.5m)
+55.59%
|
($218.0m)
-10.98%
|
($313.9m)
-43.97%
|
($199.0m)
+36.60%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.6m) | $2.6m | ($12.7m) | $15.5m | $54.2m | $295.2m | ($340.6m) | $29.6m | $144.8m | $45.2m | $480.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $83.6m | $99.1m | $153.3m | $448.5m | $107.8m | $137.4m | $282.3m | $327.4m | $480.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $39.9m | $27.1m | $27.6m | $27.4m | $35.3m | $36.7m | $34.7m | — | |
| Additional Financial Items | ||||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | $47k | — | ($330k) | — | — | — | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | — | $72k | ($1.5m) | $32.5m | ($1.3m) | $3.7m | $68.9m | ($33.2m) | ($23.1m) | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $701k | ($651k) | ($1.6m) | $1.0m | $194k | ($2.0m) | $1.4m | $1.0m | $8.4m | ($512k) | — | |
| Gain (Loss) on Disposition of Assets | $4.4m | $3.6m | $1.1m | ($1.9m) | $23.6m | $4.5m | $1.8m | ($1.5m) | $457k | $18.7m | — | |
| Goodwill | $555.7m | $556.5m | $813.2m | $797.9m | $808.3m | $805.3m | $772.6m | $791.5m | $806.6m | $832.3m | — | |
| Income Tax Expense (Benefit) | $45.6m | $52.2m | $39.2m | $61.0m | $41.5m | $37.1m | $28.2m | $43.4m | $81.0m | $79.3m | — | |
| Investment Income, Interest | $2.0m | $1.7m | $1.7m | $1.4m | $1.8m | $1.5m | $1.8m | $2.8m | $6.5m | $4.2m | — | |
| Operating Lease, Lease Income | — | — | — | — | $6.8m | $6.3m | $5.5m | $5.0m | $5.5m | $3.9m | — | |
| Proceeds from Stock Options Exercised | — | $14.2m | $9.1m | — | — | — | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | $2.4m | $1.9m | $7.2m | $3.2m | $1.9m | — | |
| Restructuring Costs | — | — | $17.0m | — | $22.2m | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.