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Segment Information (Tables)
12 Months Ended
Sep. 30, 2020
Entity Wide Revenue Major Customer [Line Items]  
Summary of Consolidated Net Sales and Earnings by Segment

A summary of consolidated net sales and earnings by segment follows:

 

 

 

Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Segment external net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

1,590,963

 

 

$

1,880,520

 

 

$

1,557,988

 

Industrial

 

 

904,702

 

 

 

1,019,677

 

 

 

767,885

 

Total consolidated net sales

 

$

2,495,665

 

 

$

2,900,197

 

 

$

2,325,873

 

Segment earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

310,137

 

 

$

389,126

 

 

$

308,553

 

Industrial

 

 

100,321

 

 

 

93,521

 

 

 

49,894

 

Nonsegment expenses (1)

 

 

(94,530

)

 

 

(119,447

)

 

 

(100,078

)

Interest Expense, net

 

 

(34,047

)

 

 

(42,588

)

 

 

(38,791

)

Consolidated earnings before income taxes

 

$

281,881

 

 

$

320,612

 

 

$

219,578

 

 

 

(1)

Nonsegment expenses for the fiscal year ended September 30, 2020 and September 30, 2018 includes restructuring charges of $22,216 and $17,013, respectively.  See Note 17, Accrued liabilities for further details.  

Summary of Consolidated Total Assets, Depreciation and Amortization, and Capital Expenditures by Segment

Segment assets consist of accounts receivable, inventories, property, plant, and equipment, net, goodwill, and other intangibles, net.  A summary of consolidated total assets, consolidated depreciation and amortization, and consolidated capital expenditures follows:

 

 

 

Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Segment assets:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

1,752,516

 

 

$

1,900,657

 

 

$

1,805,892

 

Industrial

 

 

1,529,411

 

 

 

1,561,441

 

 

 

1,642,462

 

Unallocated corporate property, plant and equipment, net

 

 

106,380

 

 

 

114,887

 

 

 

102,083

 

Other unallocated assets

 

 

515,029

 

 

 

379,541

 

 

 

240,212

 

Consolidated total assets

 

$

3,903,336

 

 

$

3,956,526

 

 

$

3,790,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

63,530

 

 

$

60,710

 

 

$

54,828

 

Industrial

 

 

57,444

 

 

 

71,173

 

 

 

51,695

 

Unallocated corporate amounts

 

 

10,184

 

 

 

10,121

 

 

 

9,608

 

Consolidated depreciation and amortization

 

$

131,158

 

 

$

142,004

 

 

$

116,131

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

26,148

 

 

$

56,525

 

 

$

98,358

 

Industrial

 

 

10,631

 

 

 

30,195

 

 

 

17,109

 

Unallocated corporate amounts

 

 

10,308

 

 

 

12,346

 

 

 

11,673

 

Consolidated capital expenditures

 

$

47,087

 

 

$

99,066

 

 

$

127,140

 

External Net Sales by Geographical Area

For net sales by geographical area for the year ended September 30, 2020 and 2019, refer to Note 3, Revenue.  Net sales by geographical area for the year ended September 30, 2018, as determined by the location of the customer invoiced, were as follows:

 

 

 

Year Ended September 30,

 

 

 

2018

 

United States

 

$

1,350,708

 

Germany

 

 

230,834

 

Europe, excluding Germany

 

 

323,109

 

Asia

 

 

283,031

 

Other countries

 

 

138,191

 

Consolidated net sales

 

$

2,325,873

 

Property, Plant, and Equipment - Net by Geographical Area

Property, plant, and equipment, net by geographical area, as determined by the physical location of the assets, were as follows:

 

 

 

At September 30,

 

 

 

2020

 

 

2019

 

United States

 

$

885,501

 

 

$

926,370

 

Germany

 

 

89,826

 

 

 

107,975

 

Other countries

 

 

22,088

 

 

 

24,430

 

Consolidated property, plant and equipment, net

 

$

997,415

 

 

$

1,058,775

 

U.S. Government Related [Member]  
Entity Wide Revenue Major Customer [Line Items]  
U.S. Government Related Sales by Segment

U.S. Government related sales from Woodward’s reportable segments were as follows:

 

 

 

Direct U.S.

Government

Sales

 

 

Indirect U.S.

Government

Sales

 

 

Total U.S.

Government

Related Sales

 

Fiscal year ended September 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

149,416

 

 

$

536,424

 

 

$

685,840

 

Industrial

 

 

5,867

 

 

 

17,473

 

 

 

23,340

 

Total net external sales

 

$

155,283

 

 

$

553,897

 

 

$

709,180

 

Percentage of total net sales

 

 

6

%

 

 

22

%

 

 

28

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal year ended September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

118,334

 

 

$

545,306

 

 

$

663,640

 

Industrial

 

 

4,491

 

 

 

13,810

 

 

 

18,301

 

Total net external sales

 

$

122,825

 

 

$

559,116

 

 

$

681,941

 

Percentage of total net sales

 

 

4

%

 

 

19

%

 

 

23

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal year ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

84,252

 

 

$

429,386

 

 

$

513,638

 

Industrial

 

 

2,547

 

 

 

8,658

 

 

 

11,205

 

Total net external sales

 

$

86,799

 

 

$

438,044

 

 

$

524,843

 

Percentage of total net sales

 

 

4

%

 

 

19

%

 

 

23

%