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Joint Venture (Tables)
3 Months Ended
Dec. 31, 2022
Equity Method Investments And Joint Ventures [Abstract]  
Unamortized Deferred Revenue from JV

Unamortized deferred revenue from material rights in connection with the JV formation included:

 

 

 

December 31, 2022

 

 

September 30, 2022

 

Accrued liabilities

 

$

5,852

 

 

$

5,754

 

Other liabilities

 

 

233,587

 

 

 

234,516

 

Other Income Related JV

Other income related to Woodward’s equity interest in the earnings of the JV was as follows:

 

 

 

Three-Months Ended December 31,

 

 

 

2022

 

 

2021

 

Other income

 

$

4,573

 

 

$

4,675

 

Cash Distribution from JV

Cash distributions to Woodward from the JV, recognized in “Other, net” in “Net cash provided by operating activities” on the Condensed Consolidated Statements of Cash Flows, were as follows:

 

 

 

Three-Months Ended December 31,

 

 

 

2022

 

 

2021

 

Cash distributions

 

$

4,500

 

 

$

2,500

 

Net Sales to the JV

Net sales to the JV were as follows:

 

 

 

Three-Months Ended December 31,

 

 

 

2022

 

 

2021

 

Net sales1

 

$

6,477

 

 

$

7,274

 

Accounts Receivable, Accounts Payable, and Other Assets Related to JV

The Condensed Consolidated Balance Sheets include “Accounts receivable” related to amounts the JV owed Woodward, “Accounts payable” related to amounts Woodward owed the JV, and “Other assets” related to Woodward’s net investment in the JV, as follows:

 

 

 

December 31, 2022

 

 

September 30, 2022

 

Accounts receivable

 

$

3,153

 

 

$

4,172

 

Accounts payable

 

 

2,759

 

 

 

4,069

 

Other assets

 

 

8,255

 

 

 

8,181