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Joint Venture (Tables)
12 Months Ended
Sep. 30, 2021
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:

 

 

 

September 30, 2021

 

 

September 30, 2020

 

Accrued liabilities

 

$

4,771

 

 

$

4,066

 

Other liabilities

 

 

234,237

 

 

 

234,240

 

Other Income Related JV

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

 

 

 

For the Year Ended September 30,

 

 

 

2021

 

 

2020

 

 

2019

 

Other income

 

$

11,366

 

 

$

15,580

 

 

$

12,932

 

Cash Distribution from JV

Cash distributions to Woodward from the JV, recognized in Net cash provided by operating activities on the Consolidated Statements of Cash Flows, from the JV include:

 

 

 

For the Year Ended September 30,

 

 

 

2021

 

 

2020

 

 

2019

 

Cash distributions

 

$

13,500

 

 

$

14,000

 

 

$

15,000

 

Net Sales to the JV

Net sales to the JV were as follows:  

 

 

 

For the Year Ended September 30,

 

 

 

2021

 

 

2020

 

 

2019

 

Net sales1

 

$

35,957

 

 

$

48,222

 

 

$

60,955

 

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

The 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:

 

 

 

September 30, 2021

 

 

September 30, 2020

 

Accounts receivable

 

$

3,639

 

 

$

3,062

 

Accounts payable

 

 

2,823

 

 

 

1,502

 

Other assets

 

 

6,988

 

 

 

9,123