Woodward Inc
For the period ended Dec 31, 2023. Filed Feb 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 2, 2024
WWD$334.13+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net earnings | $90,044 | $29,606 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization | 28,825 | 29,304 |
| Net (gain) loss on sales of assets | (9) | 33 |
| Stock-based compensation | 4,937 | 11,316 |
| Deferred income taxes | 44 | — |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | 6,430 | 31,318 |
| Unbilled receivables (contract assets) | (27,154) | (12,226) |
| Costs to fulfill a contract | (1,580) | (496) |
| Inventories | (36,383) | (50,559) |
| Accounts payable and accrued liabilities | (31,654) | (30,412) |
| Contract liabilities | 7,502 | 2,065 |
| Income taxes | 8,766 | 890 |
| Retirement benefit obligations | (434) | (664) |
| Other | (2,545) | (4,773) |
| Net cash provided by operating activities | 46,789 | 5,402 |
| Cash flows from investing activities: | ||
| Payments for purchase of property, plant, and equipment | (41,812) | (24,390) |
| Proceeds from sale of assets and short-term investments | 36 | 37 |
| Business acquisition, net of cash acquired | — | 878 |
| Net cash (used in) investing activities | (41,776) | (23,475) |
| Cash flows from financing activities: | ||
| Cash dividends paid | (13,209) | (11,355) |
| Proceeds from sales of treasury stock | 15,267 | 1,199 |
| Payments for repurchases of common stock | — | (26,369) |
| Borrowings on revolving lines of credit and short-term borrowings | 728,600 | 413,700 |
| Payments on revolving lines of credit and short-term borrowings | (663,500) | (371,200) |
| Payments of long-term debt and finance lease obligations | (75,249) | (98) |
| Net cash (used in) provided by financing activities | (8,091) | 5,877 |
| Effect of exchange rate changes on cash and cash equivalents | 9,979 | 3,687 |
| Net change in cash and cash equivalents | 6,901 | (8,509) |
| Cash and cash equivalents at beginning of year | 137,447 | 107,844 |
| Cash and cash equivalents at end of period | $144,348 | $99,335 |
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