Woodward Inc
For the period ended Mar 31, 2024. Filed May 3, 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.
Mar 31, 2024 · Filed May 3, 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
| Six Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net earnings | $187,600 | $65,117 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
| Depreciation and amortization | 58,050 | 59,257 |
| Net (gain) loss on sales of assets and businesses | (872) | 890 |
| Stock-based compensation | 19,903 | 15,538 |
| Deferred income taxes | 43 | 545 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | (40,619) | (26,467) |
| Unbilled receivables (contract assets) | (39,289) | (18,015) |
| Costs to fulfill a contract | (7,572) | (4,193) |
| Inventories | (59,841) | (42,408) |
| Accounts payable and accrued liabilities | 12,131 | 5,426 |
| Contract liabilities | 26,748 | 9,769 |
| Income taxes | (14,210) | (34,886) |
| Retirement benefit obligations | (1,240) | (615) |
| Other | 3,286 | 10,192 |
| Net cash provided by operating activities | 144,118 | 40,150 |
| Cash flows from investing activities: | ||
| Payments for purchase of property, plant, and equipment | (56,301) | (44,046) |
| Proceeds from sale of assets | 51 | 199 |
| Proceeds from business divestiture | 600 | — |
| Business acquisition, net of cash acquired | — | 878 |
| Payments for short-term investments | (3,723) | — |
| Proceeds from sales of short-term investments | 9,732 | 7,733 |
| Net cash (used in) investing activities | (49,641) | (35,236) |
| Cash flows from financing activities: | ||
| Cash dividends paid | (28,327) | (24,537) |
| Proceeds from sales of treasury stock | 43,087 | 14,067 |
| Payments for repurchases of common stock | — | (26,369) |
| Borrowings on revolving lines of credit and short-term borrowings | 1,539,100 | 1,031,800 |
| Payments on revolving lines of credit and short-term borrowings | (1,397,800) | (968,100) |
| Payments of debt financing costs | — | (2,236) |
| Payments of long-term debt and finance lease obligations | (75,472) | (288) |
| Net cash provided by financing activities | 80,588 | 24,337 |
| Effect of exchange rate changes on cash and cash equivalents | 4,420 | (7,668) |
| Net change in cash and cash equivalents | 179,485 | 21,583 |
| Cash and cash equivalents at beginning of year | 137,447 | 107,844 |
| Cash and cash equivalents at end of period | $316,932 | $129,427 |
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