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Segment Information (Tables)
12 Months Ended
Sep. 30, 2021
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,

 

 

 

2021

 

 

2020

 

 

2019

 

Segment external net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

1,404,117

 

 

$

1,590,963

 

 

$

1,880,520

 

Industrial

 

 

841,715

 

 

 

904,702

 

 

 

1,019,677

 

Total consolidated net sales

 

$

2,245,832

 

 

$

2,495,665

 

 

$

2,900,197

 

Segment earnings:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

234,356

 

 

$

310,137

 

 

$

389,126

 

Industrial

 

 

108,672

 

 

 

100,321

 

 

 

93,521

 

Nonsegment expenses

 

 

(64,442

)

 

 

(94,530

)

 

 

(119,447

)

Interest Expense, net

 

 

(32,787

)

 

 

(34,047

)

 

 

(42,588

)

Consolidated earnings before income taxes

 

$

245,799

 

 

$

281,881

 

 

$

320,612

 

 

 

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,

 

 

 

2021

 

 

2020

 

 

2019

 

Segment assets:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

1,698,833

 

 

$

1,752,516

 

 

$

1,900,657

 

Industrial

 

 

1,453,423

 

 

 

1,529,411

 

 

 

1,561,441

 

Unallocated corporate property, plant and equipment, net

 

 

106,014

 

 

 

106,380

 

 

 

114,887

 

Other unallocated assets

 

 

832,734

 

 

 

515,029

 

 

 

379,541

 

Consolidated total assets

 

$

4,091,004

 

 

$

3,903,336

 

 

$

3,956,526

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

62,075

 

 

$

63,530

 

 

$

60,710

 

Industrial

 

 

56,885

 

 

 

57,444

 

 

 

71,173

 

Unallocated corporate amounts

 

 

10,564

 

 

 

10,184

 

 

 

10,121

 

Consolidated depreciation and amortization

 

$

129,524

 

 

$

131,158

 

 

$

142,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Segment capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

17,303

 

 

$

26,148

 

 

$

56,525

 

Industrial

 

 

15,164

 

 

 

10,631

 

 

 

30,195

 

Unallocated corporate amounts

 

 

5,222

 

 

 

10,308

 

 

 

12,346

 

Consolidated capital expenditures

 

$

37,689

 

 

$

47,087

 

 

$

99,066

 

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, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

116,832

 

 

$

526,118

 

 

$

642,950

 

Industrial

 

 

7,732

 

 

 

2,442

 

 

 

10,174

 

Total net external sales

 

$

124,564

 

 

$

528,560

 

 

$

653,124

 

Percentage of total net sales

 

 

6

%

 

 

23

%

 

 

29

%

 

 

 

 

 

 

 

 

 

 

 

 

 

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

%