Woodward, Inc
(NASDAQ:WWD)

Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and...

Website: http://www.woodward.com

Founded: 1870

Full Time Employees: 7,248

Sector: Industrials

Industry: Aerospace & Defense

Industrials

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-06-30	2004-03-31	2003-12-31	2003-06-30	2003-03-31	2002-12-31	2002-06-30	2002-03-31	2001-12-31

net sales	1,090,568,000	996,454,000	995,264,000	915,446,000	883,629,000	772,725,000	854,488,000	847,688,000	835,343,000	786,730,000	777,070,000	800,663,000	718,214,000	618,619,000	640,033,000	614,332,000	586,839,000	541,586,000	570,217,000	556,675,000	581,321,000	537,619,000	531,264,000	523,826,000	720,220,000	720,355,000	736,537,000	752,005,000	758,844,000	652,811,000	719,359,000	588,117,000	548,249,000	470,148,000	606,788,000	548,622,000	500,381,000	442,894,000	590,922,000	507,664,000	479,382,000	445,110,000	562,625,000	494,810,000	493,222,000	487,646,000	565,447,000	524,284,000	482,467,000	429,042,000	558,365,000	483,759,000	485,513,000	408,339,000	528,697,000	460,241,000	468,793,000	407,896,000	489,294,000	438,467,000	418,866,000	365,075,000	412,003,000	356,367,000	349,352,000	339,308,000	364,527,000	386,193,000	334,661,000	344,744,000	350,541,000	329,847,000	305,753,000	272,063,000	290,765,000	269,026,000	256,298,000	226,248,000	232,911,000	217,053,000	208,917,000	195,634,000	217,530,000	210,252,000	210,619,000	189,325,000	180,496,000	172,951,000	158,973,000
yoy	23.42%	28.95%	16.47%	7.99%	5.78%	-1.78%	9.96%	5.87%	16.31%	27.18%	21.41%	30.33%	22.39%	14.22%	12.24%	10.36%	0.95%	0.74%	7.33%	6.27%	-19.29%	-25.37%	-27.87%	-30.34%	-5.09%	10.35%	2.39%	27.87%	38.41%	38.85%	18.55%	7.20%	9.57%	6.15%	2.68%	8.07%	4.38%	-0.50%	5.03%	2.60%	-2.81%	-8.72%	-0.50%	-5.62%	2.23%	13.66%	1.27%	8.38%	-0.63%	5.07%	5.61%	5.11%	3.57%	0.11%	8.05%	4.97%	11.92%	11.73%	18.76%	23.04%	19.90%	7.59%	13.02%	-7.72%	4.39%	-1.58%	3.99%	17.08%	9.45%	26.71%	20.56%	22.61%	19.30%	20.25%	24.84%	23.94%	22.68%	15.65%	7.07%	3.23%	-0.81%	3.33%	20.52%	21.57%	32.49%
qoq	9.44%	0.12%	8.72%	3.60%	14.35%	-9.57%	0.80%	1.48%	6.18%	1.24%	-2.95%	11.48%	16.10%	-3.35%	4.18%	4.68%	8.36%	-5.02%	2.43%	-4.24%	8.13%	1.20%	1.42%	-27.27%	-0.02%	-2.20%	-2.06%	-0.90%	16.24%	-9.25%	22.32%	7.27%	16.61%	-22.52%	10.60%	9.64%	12.98%	-25.05%	16.40%	5.90%	7.70%	-20.89%	13.71%	0.32%	1.14%	-13.76%	7.85%	8.67%	12.45%	-23.16%	15.42%	-0.36%	18.90%	-22.77%	14.87%	-1.82%	14.93%	-16.64%	11.59%	4.68%	14.73%	-11.39%	15.61%	2.01%	2.96%	-6.92%	-5.61%	15.40%	-2.92%	-1.65%	6.27%	7.88%	12.38%	-6.43%	8.08%	4.97%	13.28%	-2.86%	7.31%	3.89%	6.79%	-10.07%	3.46%	-0.17%	11.25%	4.89%	4.36%	8.79%
costs and expenses:
cost of goods sold	774,660,000	704,293,000	717,864,000	666,287,000	643,530,000	583,091,000	646,733,000	617,702,000	600,954,000	582,381,000	587,510,000	596,251,000	559,149,000	492,663,000	504,506,000	480,403,000	453,425,000	419,151,000	436,434,000	422,457,000	434,243,000	401,640,000	407,480,000	395,511,000	517,514,000	534,917,000	571,123,000	562,516,000	566,841,000	492,174,000	543,663,000	427,897,000	401,331,000	346,784,000	440,974,000	392,802,000	365,156,000	327,194,000	425,302,000	370,722,000	346,139,000	333,377,000	402,935,000	351,421,000	355,602,000	343,760,000	397,774,000	372,571,000	340,028,000	315,466,000	389,116,000	349,482,000	348,100,000	289,573,000	366,990,000	329,451,000	322,492,000	284,410,000	340,015,000	304,441,000	292,520,000	261,177,000	287,682,000	249,966,000	244,316,000	239,552,000	262,176,000	287,094,000	235,539,000	244,286,000	249,834,000	231,955,000	210,377,000	190,830,000			176,172,000	157,744,000	164,208,000	154,089,000	152,027,000	141,939,000	164,020,000	158,867,000	157,520,000	143,273,000	145,947,000	139,232,000	127,317,000
selling, general and administrative expenses	102,285,000	94,985,000	87,582,000	88,703,000	83,842,000	69,696,000	77,729,000	73,812,000	81,447,000	74,511,000	65,944,000	64,983,000	75,578,000	63,187,000	50,085,000	46,490,000	44,124,000	62,306,000	38,405,000	48,021,000	44,329,000	56,111,000	40,675,000	57,361,000	57,629,000	62,045,000	51,441,000	52,980,000	54,857,000	51,927,000	52,395,000	54,600,000	39,486,000	46,276,000	59,595,000	40,070,000	43,172,000	33,796,000	40,931,000	36,415,000	36,823,000	40,782,000	39,397,000	39,305,000	38,450,000	39,843,000	42,260,000	40,468,000	35,283,000	37,328,000	47,726,000	46,747,000	37,206,000	36,418,000	45,528,000	39,627,000	40,788,000	38,570,000	39,322,000	38,470,000	38,445,000	32,666,000	37,521,000	31,394,000	34,130,000	32,835,000									21,081,250	27,345,000
research and development costs	46,119,000	37,756,000	39,043,000	41,088,000	37,230,000	30,207,000	34,689,000	38,728,000	36,465,000	30,794,000	32,061,000	35,033,000	37,777,000	28,634,000	29,782,000	32,224,000	32,384,000	25,392,000	27,703,000	29,765,000	27,627,000	31,996,000	27,105,000	34,522,000	34,661,000	36,846,000	35,748,000	40,661,000	43,831,000	38,867,000	36,854,000	39,470,000	37,169,000	34,786,000	34,931,000	34,663,000	30,385,000	26,540,000	32,883,000	29,928,000	31,762,000	31,597,000	36,573,000	33,555,000	30,328,000	34,029,000	37,786,000	34,990,000	35,805,000	29,424,000	30,745,000	35,487,000	34,000,000	30,018,000	36,077,000	38,958,000	37,445,000	30,794,000	35,572,000	29,273,000	27,050,000	23,738,000	23,129,000	21,419,000	19,698,000	18,314,000									11,727,750	17,011,000	15,946,000	13,954,000	18,089,000	16,793,000	13,069,000	11,910,000	14,890,000	12,811,000	11,690,000	10,605,000
restructuring charges	6,815,000										1,293,000		5,172,000										3,176,000	19,040,000									17,013,000
interest expense	12,035,000	10,344,000	10,225,000	11,234,000	11,889,000	12,341,000	13,477,000	11,516,000	11,530,000	11,436,000	11,736,000	12,175,000	12,845,000	11,142,000	9,509,000	8,533,000	8,197,000	8,306,000	8,730,000	8,397,000	8,249,000	8,906,000	9,309,000	8,737,000	8,756,000	9,009,000	9,845,000	10,798,000	11,480,000	11,878,000	10,455,000	7,878,000	6,687,000	6,750,000	7,031,000	6,769,000	6,790,000	6,840,000	7,112,000	6,522,000	6,234,000	6,908,000	7,509,000	6,077,000	5,329,000	5,949,000	4,585,000	5,972,000	6,185,000	6,062,000	6,507,000	6,723,000	7,017,000	6,456,000	6,532,000	6,611,000	6,552,000	6,308,000	6,238,000	6,361,000	6,299,000	6,501,000	6,861,000	6,949,000	7,324,000	8,251,000	9,499,000	10,886,000	6,707,000	6,537,000	865,000	1,027,000	986,000	956,000	1,046,000	1,156,000	1,133,000	1,192,000	1,188,000	1,299,000	1,305,000	1,297,000	1,459,000	1,461,000	1,525,000	1,369,000	1,372,000	1,451,000	1,244,000
interest income	-715,000	-701,000	-953,000	-838,000	-1,021,000	-1,377,000	-1,964,000	-1,728,000	-1,293,000	-1,473,000	-1,361,000	-516,000	-508,000	-366,000	-320,000	-353,000	-500,000	-641,000	-409,000	-308,000	-283,000	-495,000	-424,000	-377,000	-476,000	-487,000	-400,000	-348,000	-294,000	-371,000	-498,000	-342,000	-471,000	-363,000	-488,000	-358,000	-474,000	-405,000	-527,000	-610,000	-441,000	-447,000	-220,000	-219,000	-221,000	-127,000	-82,000	-73,000	-57,000	-59,000	-68,000	-68,000	-69,000	-68,000	-67,000	-265,000	-84,000	-126,000	-209,000	-117,000	-85,000	-123,000	-182,000	-97,000	-120,000	-110,000	-229,000	-19,000	-221,000	-662,000	-650,000	-470,000	-420,000	-580,000	-2,041,000	-503,000	-437,000	-623,000	-755,000	-754,000	-598,000	-643,000	-644,000	-478,000	-402,000	-635,000	-135,000	-213,000	-573,000
other income	-18,058,000	-19,374,000							-14,384,000						-7,878,000	-3,252,000	-4,887,000		-6,684,000	-10,355,000					-5,063,000								-1,613,000	-1,572,000	-2,692,000	-450,000	-1,315,000	-4,588,000	-2,262,000	-5,608,000	-2,427,000	-2,009,000	489,000	-112,000	-1,084,000	-455,000			-190,000	-607,000	-592,000	122,000	-890,000	-262,000									-1,170,000	-7,000	-473,000	-354,000											-843,000	-980,000	-982,000	-1,072,000	-1,163,000	-1,028,000	-1,004,000	-1,947,000	-1,470,000	-4,901,000
total costs and expenses	923,141,000	827,303,000	835,506,000	788,610,000	750,666,000	670,871,000	752,957,000	725,592,000	714,719,000	677,010,000	679,030,000	694,925,000	677,973,000	586,870,000	582,264,000	564,045,000	532,743,000	503,840,000	509,187,000	497,977,000	502,834,000	490,035,000	463,146,000	478,810,000	613,021,000	658,807,000	659,922,000	659,691,000	668,676,000	591,296,000	640,332,000	533,700,000	499,602,000	432,661,000	520,023,000	479,935,000	450,145,000	395,835,000	510,166,000	444,256,000	425,016,000	417,154,000	493,898,000	437,251,000	435,631,000	430,574,000	490,371,000	461,816,000	425,711,000	396,098,000	483,164,000	448,262,000	435,177,000	369,802,000	462,812,000	422,533,000	414,755,000	367,720,000	430,544,000	387,612,000	372,379,000	333,600,000	362,488,000	318,315,000	313,534,000	307,818,000	331,734,000	359,500,000	309,854,000	306,625,000	299,863,000	280,751,000	262,105,000	233,575,000	253,979,000	231,886,000	224,888,000	199,596,000	206,289,000	195,474,000	191,740,000	176,515,000
earnings before income taxes	167,427,000	169,151,000	159,758,000	126,836,000	132,963,000	101,854,000	101,531,000	122,096,000	120,624,000	109,720,000	98,040,000	105,738,000	40,241,000	31,749,000	57,769,000	50,287,000	54,096,000	37,746,000	61,030,000	58,698,000	78,487,000	47,584,000	68,118,000	45,016,000	107,199,000	61,548,000	76,615,000	92,314,000	90,168,000	61,515,000	79,027,000	54,417,000	48,647,000	37,487,000	86,765,000	68,687,000	50,236,000	47,059,000	80,756,000	63,408,000	54,366,000	27,956,000	68,727,000	57,559,000	57,591,000	57,072,000	75,076,000	62,468,000	56,756,000	32,944,000	75,201,000	35,497,000	50,336,000	38,537,000	65,885,000	37,708,000	54,038,000	40,176,000	58,750,000	50,855,000	46,487,000	31,475,000	49,515,000	38,052,000	35,818,000	31,490,000	32,793,000	26,693,000	24,807,000	38,119,000	50,678,000	49,096,000	43,648,000	38,488,000	36,786,000	37,140,000	31,410,000	26,652,000	26,622,000	21,579,000	17,177,000	19,119,000	14,290,000	25,488,000	20,290,000	19,040,000	13,218,000	14,589,000	12,021,000
income tax expense	33,414,000	35,432,000	22,135,000	18,388,000	24,014,000	14,763,000	18,235,000	20,021,000	23,068,000	19,676,000	15,388,000	21,139,000	4,730,000	2,143,000	3,728,000	10,841,000	6,190,000	7,441,000	11,125,000	9,837,000	10,174,000	6,014,000	10,879,000	6,551,000	15,881,000	8,175,000	9,819,000	26,207,000	12,589,000	12,395,000	4,515,000	5,300,000	10,158,000	19,227,000	24,537,000	15,061,000	12,131,000	511,000	17,609,000	12,361,000	13,542,000	2,345,000	18,667,000	13,806,000	13,736,000	13,288,000	23,414,000	16,467,000	11,958,000	9,561,000	22,736,000	11,834,000	7,890,000	11,169,000	19,766,000	9,406,000	15,287,000	11,760,000	17,060,000	14,799,000	14,397,000	9,076,000
net earnings	134,013,000	133,719,000	137,623,000	108,448,000	108,949,000	87,091,000	83,296,000	102,075,000	97,556,000	90,044,000	82,652,000	84,599,000	35,511,000	29,606,000	54,041,000	39,446,000	47,906,000	30,305,000	49,905,000	48,861,000	68,313,000	41,570,000	57,239,000	38,465,000	91,318,000	53,373,000	66,796,000	66,107,000	77,579,000	49,120,000	74,512,000	49,117,000	38,489,000	18,260,000	62,228,000	53,626,000	38,105,000	46,548,000	63,147,000	51,047,000	40,824,000	25,611,000	50,060,000	43,753,000	43,855,000	43,784,000	51,662,000	46,001,000	44,798,000	23,383,000	52,465,000	23,663,000	42,446,000	27,368,000	46,119,000	28,302,000	38,751,000	28,416,000	41,690,000	36,056,000	32,090,000	22,399,000	32,675,000	31,865,000	24,176,000	22,446,000	23,817,000	24,997,000	18,474,000	27,064,000	34,427,000	32,414,000	29,714,000	25,325,000	36,034,000	23,974,000	20,262,000	17,887,000	17,089,000	28,918,000	11,466,000	12,427,000	11,251,000	19,746,000	12,979,000	11,995,000	8,213,000	9,105,000	7,393,000
yoy	23.01%	53.54%	65.22%	6.24%	11.68%	-3.28%	0.78%	20.66%	174.72%	204.14%	52.94%	114.47%	-25.87%	-2.31%	8.29%	-19.27%	-29.87%	-27.10%	-12.81%	27.03%	-25.19%	-22.11%	-14.31%	-41.81%	17.71%	8.66%	-10.36%	34.59%	101.56%	169.00%	19.74%	-8.41%	1.01%	-60.77%	-1.46%	5.05%	-6.66%	81.75%	26.14%	16.67%	-6.91%	-41.51%	-3.10%	-4.89%	-2.11%	87.25%	-1.53%	94.40%	5.54%	-14.56%	13.76%	-16.39%	9.54%	-3.69%	10.62%	-21.51%	20.76%	26.86%	27.59%	13.15%	32.73%	-0.21%	37.19%	27.48%	30.86%	-17.06%	-30.82%	-22.88%	-37.83%	6.87%	-4.46%	35.20%	46.65%	41.58%	110.86%	-17.10%	76.71%	43.94%	51.89%	46.45%	-11.66%	3.60%	36.99%	116.87%	75.56%
qoq	0.22%	-2.84%	26.90%	-0.46%	25.10%	4.56%	-18.40%	4.63%	8.34%	8.94%	-2.30%	138.23%	19.95%	-45.22%	37.00%	-17.66%	58.08%	-39.27%	2.14%	-28.47%	64.33%	-27.37%	48.81%	-57.88%	71.09%	-20.10%	1.04%	-14.79%	57.94%	-34.08%	51.70%	27.61%	110.78%	-70.66%	16.04%	40.73%	-18.14%	-26.29%	23.70%	25.04%	59.40%	-48.84%	14.42%	-0.23%	0.16%	-15.25%	12.31%	2.69%	91.58%	-55.43%	121.72%	-44.25%	55.09%	-40.66%	62.95%	-26.96%	36.37%	-31.84%	15.63%	12.36%	43.27%	-31.45%	2.54%	31.80%	7.71%	-5.76%	-4.72%	35.31%	-31.74%	-21.39%	6.21%	9.09%	17.33%	-29.72%	50.30%	18.32%	13.28%	4.67%	-40.91%	152.21%	-7.73%	10.45%	-43.02%	52.14%	8.20%	46.05%	-9.80%	23.16%
net income margin %	12.29%	13.42%	13.83%	11.85%	12.33%	11.27%	9.75%	12.04%	11.68%	11.45%	10.64%	10.57%	4.94%	4.79%	8.44%	6.42%	8.16%	5.60%	8.75%	8.78%	11.75%	7.73%	10.77%	7.34%	12.68%	7.41%	9.07%	8.79%	10.22%	7.52%	10.36%	8.35%	7.02%	3.88%	10.26%	9.77%	7.62%	10.51%	10.69%	10.06%	8.52%	5.75%	8.90%	8.84%	8.89%	8.98%	9.14%	8.77%	9.29%	5.45%	9.40%	4.89%	8.74%	6.70%	8.72%	6.15%	8.27%	6.97%	8.52%	8.22%	7.66%	6.14%	7.93%	8.94%	6.92%	6.62%	6.53%	6.47%	5.52%	7.85%	9.82%	9.83%	9.72%	9.31%	12.39%	8.91%	7.91%	7.91%	7.34%	13.32%	5.49%	6.35%	5.17%	9.39%	6.16%	6.34%	4.55%	5.26%	4.65%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
earnings per share:
basic earnings per share	2.25	2.23	2.3	1.82	1.83	1.47	1.41	1.69	1.61	1.5	1.38	1.41	0.59	0.5	0.89	0.65	0.77	0.48	0.79	0.77	1.08	0.66	0.91	0.62	1.47	0.86	1.08	1.07	1.25	0.79	1.21	0.8	0.63	0.3	1.02	0.87	0.62	0.76	1.02	0.83	0.66	0.41	0.79	0.68	0.67	0.67	0.79	0.7	0.67	0.35	0.77	0.35	0.62	0.4	0.345	0.41	0.56	0.41
diluted earnings per share	2.19	2.17	2.23	1.76	1.78	1.42	1.36	1.63	1.56	1.46	1.34	1.37	0.58	0.49	0.87	0.64	0.74	0.47	0.76	0.74	1.04	0.64	0.89	0.61	1.41	0.83	1.03	1.02	1.2	0.77	1.16	0.77	0.6	0.29	0.98	0.85	0.6	0.73	1	0.81	0.65	0.4	0.77	0.66	0.66	0.66	0.77	0.69	0.66	0.34	0.76	0.34	0.61	0.39	0.34	0.4	0.55	0.4
weighted-average common shares outstanding:
basic	59,611	59,837	59,563	59,680	59,432	59,216	60,076	60,425	60,427	60,021	59,908	60,056	59,807	59,667	61,517	60,506	62,550	63,094	63,287	63,559	63,278	62,812	62,267	62,309	62,266	61,991	61,950	61,941	62,175	61,818	61,493	61,608	61,401	61,246	61,366	61,288	61,310	61,559	61,893	61,341	61,639	63,054	64,684	64,781	65,159	65,322	66,432	65,845	66,633	67,724	68,392	68,323	68,737	68,461	68,880	68,922	69,077	68,919	68,797	68,793	68,752	68,811	68,472	68,489	68,436	68,361	67,821	67,805	67,754	67,726	67,564	67,245	67,603	33,942	34,245		34,252	34,112	34,351	34,410	34,508	11,449	11,400	11,423	11,390	11,329	11,299	11,276	11,264
diluted	61,276	61,590	61,464	61,488	61,344	61,141	62,084	62,522	62,365	61,846	61,482	61,591	61,227	60,928	63,254	62,088	64,618	65,099	65,555	65,910	65,654	64,892	64,209	63,427	64,564	64,673	64,498	64,633	64,564	64,059	63,876	63,881	63,750	63,709	63,512	63,392	63,499	63,671	63,556	63,109	63,064	64,373	66,056	66,227	66,540	66,739	67,776	67,147	67,905	69,021	69,602	69,430	69,935	69,713	70,307	70,319	70,624	70,393	70,140	70,166	70,107	70,181	69,864	69,987	69,876	69,710	69,033	68,950	68,762	69,166	69,560	69,183	69,473	35,019	35,244		35,181	35,039	35,191	35,254	35,369	11,724	11,709	11,730	11,703	11,638	11,608	11,557	11,456
other expense			-16,438,750	-17,864,000	-24,804,000	-23,087,000	-17,707,000	-14,438,000		-20,639,000	-16,860,000	-13,001,000	-12,040,000	-8,390,000				-10,674,000			-11,331,000	-8,123,000	-7,997,750	-5,503,000		-21,425,000	-7,835,000	-6,916,000	-8,039,000	-3,179,000	253,000	4,197,000															-316,500	-469,000							-303,500	12,000	-732,000	-494,000	633,000	249,000	-392,000	1,098,000	4,000	56,000	4,000	149,000											140,000	203,000	353,000	168,000	85,000	228,000
impairment of assets sold
gain on cross-currency interest rate swaps																								-30,481,000
earnings per share
weighted-average common shares outstanding
basic	59,611	59,837	59,563	59,680	59,432	59,216	60,076	60,425	60,427	60,021	59,908	60,056	59,807	59,667	61,517	60,506	62,550	63,094	63,287	63,559	63,278	62,812	62,267	62,309	62,266	61,991	61,950	61,941	62,175	61,818	61,493	61,608	61,401	61,246	61,366	61,288	61,310	61,559	61,893	61,341	61,639	63,054	64,684	64,781	65,159	65,322	66,432	65,845	66,633	67,724	68,392	68,323	68,737	68,461	68,880	68,922	69,077	68,919	68,797	68,793	68,752	68,811	68,472	68,489	68,436	68,361	67,821	67,805	67,754	67,726	67,564	67,245	67,603	33,942	34,245		34,252	34,112	34,351	34,410	34,508	11,449	11,400	11,423	11,390	11,329	11,299	11,276	11,264
diluted	61,276	61,590	61,464	61,488	61,344	61,141	62,084	62,522	62,365	61,846	61,482	61,591	61,227	60,928	63,254	62,088	64,618	65,099	65,555	65,910	65,654	64,892	64,209	63,427	64,564	64,673	64,498	64,633	64,564	64,059	63,876	63,881	63,750	63,709	63,512	63,392	63,499	63,671	63,556	63,109	63,064	64,373	66,056	66,227	66,540	66,739	67,776	67,147	67,905	69,021	69,602	69,430	69,935	69,713	70,307	70,319	70,624	70,393	70,140	70,166	70,107	70,181	69,864	69,987	69,876	69,710	69,033	68,950	68,762	69,166	69,560	69,183	69,473	35,019	35,244		35,181	35,039	35,191	35,254	35,369	11,724	11,709	11,730	11,703	11,638	11,608	11,557	11,456
impairment of assets held for sale																										37,902,000
cash dividends per share paid to woodward common stockholders																															0.103	0.143	0.143	0.125	0.125	0.125	0.125	0.11	0.11	0.11	0.11	0.1	0.1	0.1	0.1	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07	0.06	0.06	0.06
amortization of intangible assets																																			4,832,000	6,439,000	6,431,000	6,458,000	6,727,000	6,887,000	6,926,000	6,946,000	7,215,000	7,224,000	7,227,000	7,575,000	8,082,000	8,357,000	8,657,000	8,484,000	9,730,000	9,769,000	9,813,000	7,667,000	8,118,000	8,139,000	8,294,000	8,258,000	8,973,000	8,935,000	8,542,000	8,543,000	8,643,000	8,635,000	8,655,000	9,181,000	7,951,000	8,286,000	5,055,000	4,828,000	1,571,000	1,654,000	1,710,000	1,895,000	1,640,000	1,946,000	2,184,000	1,726,000	1,723,000	1,717,000	1,758,000	1,755,000	1,761,000	1,770,000	1,780,000	1,776,000	1,713,000	1,820,000	1,610,000
earnings attributable to noncontrolling interest, net of taxes
net earnings attributable to woodward																																																											41,690,000	36,056,000	32,090,000	22,399,000	32,675,000	31,745,000	24,068,000	22,356,000
basic earnings per share attributable to woodward																																																											0.6	0.52	0.47	0.33	0.48	0.46	0.35	0.33
diluted earnings per share attributable to woodward																																																											0.6	0.51	0.46	0.32	0.47	0.45	0.34	0.32
restructuring and other charges																																																																					15,159,000
income taxes																																																															-16,840,000	-6,187,000	-11,642,000	-9,044,000	-8,976,000	-1,696,000	-6,333,000	-11,055,000	-16,251,000	-16,682,000	-13,934,000	-13,163,000	-66,910,000	13,166,000	11,148,000	8,765,000	9,533,000	-7,339,000	5,711,000	6,692,000	3,039,000	5,742,000	7,311,000	7,045,000	5,005,000	5,484,000	4,628,000
net losses attributable to noncontrolling interests																																																															-79,500	-120,000
comprehensive earnings																																																															55,974,000	17,437,000	14,154,000	19,915,000
comprehensive earnings attributable to woodward																																																															55,974,000	17,295,000	14,005,000	19,783,000
comprehensive earnings attributable to noncontrolling interests																																																																142,000	149,000	132,000
net earnings attributable to noncontrolling interests																																																																	-108,000
cash dividends per share																																																																	0.06	0.06	0.06	0.06	0.06	0.06	0.044	0.06	0.06	0.11			0.11	0.1	0.075	0.1	0.1	0.3	0.185	0.25	0.25	0.24	0.24	0.24	0.24
net earnings attributable to noncontrolling interests, net of tax																																																																		-90,000
selling, general, and administrative expenses																																																																			23,683,750	33,182,000	29,093,000	32,460,000	29,318,000	28,434,000	31,667,000	25,980,000			30,593,000	26,380,000	22,465,000	23,234,000	25,257,000	21,057,000	22,175,000	19,427,000	19,559,000	18,697,000	18,303,000	16,827,000	17,176,000
research and developments costs																																																																			14,639,000	20,676,000	18,796,000	19,084,000	20,013,000	18,994,000	18,781,000	15,626,000
other																																																																			-196,750	-605,000	-274,000	92,000	-742,750	-843,000	-996,000	-1,132,000	-871,000	-1,124,000
earnings per share:
basic																																																																			0.35	0.37	0.27	0.4	0.51	0.48	0.44	0.75	1.06	0.7	0.59		0.383	0.84	0.33		0.983	1.73	1.14	1.06	0.73	0.81	0.66
diluted																																																																			0.35	0.36	0.27	0.39	0.49	0.47	0.43	0.72	1.03	0.68	0.58		0.375	0.82	0.32		0.958	1.68	1.11	1.03	0.71	0.79	0.65
costs and expenses
cost of good sold																																																																											129,992,500	186,055,000
basic weighted-average common shares outstanding																																																																												34,357
diluted weighted-average common shares outstanding																																																																												35,338
cash dividends declared per common share																																																																											0.08	0.11
weighted-average number of shares outstanding:
basic	59,611	59,837	59,563	59,680	59,432	59,216	60,076	60,425	60,427	60,021	59,908	60,056	59,807	59,667	61,517	60,506	62,550	63,094	63,287	63,559	63,278	62,812	62,267	62,309	62,266	61,991	61,950	61,941	62,175	61,818	61,493	61,608	61,401	61,246	61,366	61,288	61,310	61,559	61,893	61,341	61,639	63,054	64,684	64,781	65,159	65,322	66,432	65,845	66,633	67,724	68,392	68,323	68,737	68,461	68,880	68,922	69,077	68,919	68,797	68,793	68,752	68,811	68,472	68,489	68,436	68,361	67,821	67,805	67,754	67,726	67,564	67,245	67,603	33,942	34,245		34,252	34,112	34,351	34,410	34,508	11,449	11,400	11,423	11,390	11,329	11,299	11,276	11,264
diluted	61,276	61,590	61,464	61,488	61,344	61,141	62,084	62,522	62,365	61,846	61,482	61,591	61,227	60,928	63,254	62,088	64,618	65,099	65,555	65,910	65,654	64,892	64,209	63,427	64,564	64,673	64,498	64,633	64,564	64,059	63,876	63,881	63,750	63,709	63,512	63,392	63,499	63,671	63,556	63,109	63,064	64,373	66,056	66,227	66,540	66,739	67,776	67,147	67,905	69,021	69,602	69,430	69,935	69,713	70,307	70,319	70,624	70,393	70,140	70,166	70,107	70,181	69,864	69,987	69,876	69,710	69,033	68,950	68,762	69,166	69,560	69,183	69,473	35,019	35,244		35,181	35,039	35,191	35,254	35,369	11,724	11,709	11,730	11,703	11,638	11,608	11,557	11,456
net earnings per share:
basic																																																																														0.52				1.09
diluted																																																																														0.51				1.06
curtailment gain																																																																																				-7,825,000
other income — net																																																																																							78,000	-755,000
other income- net																																																																																									178,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30

assets
current assets:
cash and cash equivalents, including restricted cash of 3,600 as of march 31, 2026	501,169,000
accounts receivables	931,231,000	796,760,000	831,116,000	829,581,000	831,500,000	692,599,000	770,066,000	760,010,000	831,777,000	778,065,000	749,859,000	732,805,000	663,419,000	597,053,000	609,964,000	587,546,000	575,174,000	506,216,000	523,051,000	571,943,000	588,064,000	509,721,000	537,987,000	537,515,000	601,224,000	572,443,000	591,529,000	650,777,000	592,336,000	489,529,000	431,820,000	386,110,000	365,351,000	331,438,000	402,182,000	317,896,000	279,897,000	252,761,000	343,768,000	291,181,000	276,848,000	245,939,000	322,215,000	274,902,000	311,078,000	300,161,000	346,858,000	322,463,000	320,492,000	306,789,000	381,065,000	345,898,000	343,735,000	300,062,000	354,386,000	300,661,000	308,395,000	251,995,000	297,614,000	265,420,000	256,379,000	222,241,000	248,513,000	195,453,000	195,837,000	178,382,000	209,626,000	233,650,000	204,774,000	195,227,000	178,128,000	166,571,000	162,140,000	140,669,000	152,826,000	134,914,000	137,034,000	119,925,000	117,254,000	109,930,000	103,206,000	99,293,000					99,277,000
inventories	704,465,000	689,217,000	654,608,000	657,121,000	634,508,000	632,002,000	609,092,000	614,981,000	580,377,000	559,673,000	517,843,000	531,834,000	567,784,000	573,834,000	514,287,000	503,664,000	484,933,000	451,834,000	419,971,000	427,492,000	422,321,000	445,463,000	437,943,000	505,943,000	530,906,000	520,266,000	516,836,000	531,163,000	534,320,000	524,500,000	549,596,000	589,440,000	508,971,000	503,523,000	473,505,000	508,315,000	506,275,000	493,764,000	461,683,000	500,043,000	492,660,000	469,788,000	447,664,000	485,903,000	475,957,000	467,700,000	451,944,000	469,036,000	458,733,000	453,408,000	431,744,000	447,712,000	451,730,000	445,672,000	398,229,000	423,994,000	416,622,000	408,479,000	381,555,000	387,768,000	357,780,000	325,964,000	295,034,000	289,655,000	291,600,000	295,179,000	302,339,000	340,631,000	290,625,000	296,422,000	208,317,000	214,983,000	210,369,000	191,638,000	172,500,000	188,185,000	186,428,000	171,641,000	149,172,000	157,623,000	156,663,000	151,296,000	149,336,000	155,423,000	153,372,000	148,776,000	138,708,000	141,636,000	136,442,000	132,178,000
income taxes receivable	69,743,000	44,934,000	1,553,000	35,883,000	21,280,000	16,268,000	22,016,000	52,098,000	32,816,000	11,348,000	14,120,000	37,973,000	33,287,000	5,051,000	5,179,000	13,408,000	17,415,000	8,928,000	12,071,000	31,329,000	30,459,000	34,092,000	28,879,000	34,685,000	37,406,000	8,743,000	8,099,000	8,070,000	13,968,000	3,769,000	6,397,000	7,994,000	24,269,000	18,842,000	19,376,000	11,706,000	15,942,000	23,129,000	20,358,000	4,740,000	1,687,000	33,518,000	21,838,000	24,529,000	20,298,000	9,860,000	6,574,000	6,641,000	6,820,000	10,577,000	14,071,000	5,941,000	5,549,000	5,949,000	7,485,000	8,300,000	6,123,000	4,276,000	2,456,000	10,328,000	16,139,000	13,633,000	18,170,000	8,185,000	13,196,000	17,024,000	16,302,000	5,620,000				1,671,000	611,000	6,954,000	9,461,000	3,088,000	377,000		1,787,000	2,897,000	4,240,000	468,000	5,330,000	3,811,000
other current assets	65,314,000	63,967,000	69,706,000	65,413,000	60,508,000	67,954,000	60,167,000	52,938,000	50,072,000	52,723,000	50,183,000	73,758,000	76,770,000	84,229,000	74,695,000	49,396,000	45,513,000	52,771,000	61,168,000	50,757,000	39,723,000	55,397,000	52,786,000	57,441,000	67,421,000	79,737,000	55,691,000	44,797,000	38,165,000	37,004,000	43,390,000	39,171,000	30,512,000	39,660,000	38,574,000	38,725,000	29,456,000	34,257,000	37,525,000	36,433,000	36,281,000	44,656,000	43,791,000	47,003,000	43,822,000	43,538,000	47,207,000	47,971,000	43,514,000	41,886,000	38,650,000	37,612,000	38,647,000	35,702,000	41,271,000	40,689,000	34,726,000	28,430,000	23,359,000	26,381,000	24,933,000	23,966,000	18,157,000	22,245,000	22,612,000	24,284,000	21,701,000	20,675,000	21,315,000	21,710,000	16,649,000	7,569,000	12,120,000	8,601,000	8,429,000	8,591,000	16,684,000	12,544,000	5,777,000	5,230,000	3,645,000	4,631,000	4,207,000	4,455,000	4,280,000	5,554,000	5,064,000	3,582,000	3,392,000	6,006,000
total current assets	2,271,922,000	2,049,123,000	1,884,414,000	2,061,157,000	1,911,937,000	1,724,596,000	1,743,611,000	1,788,359,000	1,811,974,000	1,546,157,000	1,469,452,000	1,490,477,000	1,470,687,000	1,359,502,000	1,311,969,000	1,253,715,000	1,331,390,000	1,446,731,000	1,464,723,000	1,443,528,000	1,368,162,000	1,246,554,000	1,210,865,000	1,236,947,000	1,339,806,000	1,329,197,000	1,271,228,000	1,298,109,000	1,244,092,000	1,126,436,000	1,114,797,000	1,137,114,000	1,029,250,000	979,242,000	1,021,189,000	965,644,000	910,523,000	884,796,000	944,424,000	950,516,000	892,221,000	908,057,000	947,476,000	969,374,000	973,073,000	920,430,000	1,008,644,000	986,199,000	929,251,000	910,277,000	957,113,000	941,453,000	935,902,000	897,987,000	903,477,000	852,239,000	862,957,000	782,960,000	817,793,000	799,599,000	748,754,000	679,853,000	719,142,000	634,088,000	633,859,000	626,206,000	696,244,000	701,991,000	688,323,000	657,697,000	538,055,000	493,647,000	468,639,000	432,722,000	438,605,000		403,102,000	370,959,000	381,234,000	363,879,000	365,399,000	345,991,000	369,573,000				308,796,000
property, plant and equipment	1,034,798,000	1,002,187,000	986,623,000	942,103,000	929,357,000	925,471,000	940,715,000	917,730,000	921,355,000	931,253,000	913,094,000	910,544,000	919,672,000	921,665,000	910,472,000	913,468,000	923,651,000	934,403,000	950,569,000	952,800,000	965,205,000	986,030,000	997,415,000	1,008,259,000	1,019,078,000	1,033,578,000	1,058,775,000	1,063,084,000	1,064,388,000	1,060,556,000	1,060,005,000	1,044,033,000	943,433,000	930,158,000	922,043,000	903,394,000	888,235,000	877,077,000	876,350,000	844,455,000	825,972,000	781,659,000	756,100,000	688,336,000	632,638,000	566,273,000	513,279,000	436,474,000	401,050,000	375,589,000	350,048,000	290,742,000	270,913,000	265,497,000	234,505,000	214,146,000	214,497,000	207,306,000	206,725,000	200,042,000	195,133,000	191,800,000	193,524,000	187,497,000	196,899,000	204,889,000	208,885,000				168,651,000				158,998,000	150,600,000
goodwill	825,503,000	832,065,000	832,288,000	813,779,000	791,989,000	781,928,000	806,643,000	794,797,000	796,706,000	803,487,000	791,468,000	798,575,000	799,147,000	793,920,000	772,559,000	779,144,000	796,028,000	800,022,000	805,333,000	812,516,000	807,974,000	821,609,000	808,252,000	796,372,000	792,024,000	795,781,000	797,853,000	807,868,000	804,461,000	809,480,000	813,250,000	826,926,000	557,981,000	556,759,000	556,545,000	556,116,000	553,974,000	553,300,000	555,684,000	555,530,000	556,720,000	555,998,000	556,977,000	558,439,000	556,500,000	557,959,000	559,724,000	562,691,000	562,617,000	562,516,000	551,624,000	548,725,000	547,987,000	544,393,000	461,374,000	460,509,000	462,659,000	460,945,000	462,282,000	465,832,000	439,554,000	438,099,000	438,594,000	436,144,000	437,928,000	442,973,000	442,802,000	469,566,000	325,424,000	325,726,000	139,577,000	142,843,000	142,884,000	141,391,000	141,215,000	133,347,000	133,160,000	157,037,000	132,084,000	131,748,000	130,883,000	130,722,000	131,035,000	131,341,000	132,308,000	132,907,000	131,542,000	131,398,000	131,505,000	134,329,000	133,620,000
intangible assets	408,801,000	425,408,000	428,080,000	435,057,000	412,186,000	404,417,000	440,419,000	432,352,000	443,414,000	460,986,000	452,363,000	472,894,000	483,884,000	485,644,000	460,580,000	484,867,000	522,502,000	538,782,000	559,289,000	582,213,000	584,948,000	619,721,000	606,711,000	595,158,000	596,190,000	613,135,000	611,992,000	641,481,000	646,094,000	673,286,000	700,883,000	707,761,000	159,448,000	165,633,000	171,882,000	178,337,000	184,577,000	190,933,000	197,650,000	204,310,000	211,289,000	218,070,000	225,138,000	232,617,000	239,515,000	246,859,000	254,772,000	263,490,000	271,887,000	280,529,000	285,775,000	287,513,000	297,215,000	307,143,000	235,563,000	243,493,000	252,370,000	260,097,000	268,897,000	279,228,000	275,332,000	283,504,000	292,149,000	300,133,000	309,322,000	318,498,000
deferred income tax assets	44,737,000	45,503,000	118,711,000	85,714,000	85,631,000	87,488,000	84,392,000	55,761,000	58,911,000	59,733,000	58,550,000	25,133,000	25,052,000	24,849,000	23,447,000	13,481,000	13,798,000	13,970,000	14,066,000	14,582,000	14,873,000	13,970,000	14,658,000	18,315,000	17,905,000	18,315,000	18,161,000	15,336,000	15,194,000	15,172,000	16,570,000	15,208,000	20,705,000	20,473,000	19,950,000	25,163,000	19,421,000	18,963,000	20,194,000	43,934,000	38,311,000	9,064,000	29,766,000	49,653,000	41,157,000	40,709,000	40,774,000	44,246,000	43,027,000	43,027,000	43,027,000	43,318,000	41,583,000	41,146,000	40,277,000	38,692,000	40,762,000	39,400,000	38,270,000	37,104,000	32,704,000	32,741,000	33,689,000	39,842,000	38,054,000	34,717,000	45,413,000	33,859,000	44,736,000	46,818,000	25,128,000	21,877,000	23,157,000	23,718,000	23,754,000	22,970,000
other assets	383,351,000	379,611,000	380,027,000	374,040,000	362,369,000	357,482,000	353,135,000	331,310,000	333,899,000	329,189,000	325,276,000	311,940,000	313,091,000	309,228,000	327,419,000	311,114,000	303,175,000	301,332,000	297,024,000	283,016,000	279,610,000	271,621,000	265,435,000	251,618,000	295,273,000	217,163,000	198,517,000	189,725,000	191,720,000	175,606,000	85,144,000	73,022,000	74,934,000	72,909,000	65,500,000	50,669,000	50,430,000	51,146,000	48,060,000	47,321,000	44,903,000	43,263,000	44,886,000	52,664,000	56,346,000	56,571,000	54,491,000	57,009,000	56,211,000	55,788,000	47,198,000	43,919,000	43,846,000	25,130,000	15,916,000	15,750,000	15,942,000	14,566,000	15,271,000	15,820,000	15,742,000	10,349,000	11,201,000	12,467,000	13,082,000	14,204,000	12,518,000	15,534,000	13,378,000	13,535,000	8,420,000	12,908,000	9,081,000	7,148,000	6,681,000	6,701,000	6,624,000	9,918,000	9,579,000	8,657,000	9,122,000	9,486,000	9,197,000	10,196,000	10,431,000	11,583,000	6,617,000	6,214,000	6,669,000	6,460,000	7,243,000
total assets	4,969,112,000	4,733,897,000	4,630,143,000	4,711,850,000	4,493,469,000	4,281,382,000	4,368,915,000	4,320,309,000	4,366,259,000	4,130,805,000	4,010,203,000	4,009,563,000	4,011,533,000	3,894,808,000	3,806,446,000	3,755,789,000	3,890,544,000	4,035,240,000	4,091,004,000	4,088,655,000	4,020,772,000	3,959,505,000	3,903,336,000	3,906,669,000	4,060,276,000	4,007,169,000	3,956,526,000	4,015,603,000	3,965,949,000	3,860,536,000	3,790,649,000	3,804,064,000	2,785,751,000	2,725,174,000	2,757,109,000	2,679,323,000	2,607,160,000	2,576,215,000	2,642,362,000	2,646,066,000	2,569,416,000	2,516,111,000	2,539,965,000	2,511,736,000	2,464,648,000	2,354,659,000	2,397,202,000	2,323,073,000	2,238,440,000	2,200,173,000	2,205,684,000	2,121,348,000	2,104,566,000	2,048,817,000	1,859,964,000	1,794,237,000	1,816,340,000	1,736,363,000	1,781,434,000	1,762,500,000	1,680,816,000	1,609,933,000	1,663,233,000	1,577,588,000	1,598,338,000	1,616,753,000	1,696,422,000	1,757,888,000	1,439,707,000	1,424,436,000	927,017,000	887,833,000	863,830,000	821,823,000	829,767,000	809,263,000	786,838,000	764,778,000	735,497,000	707,246,000	697,020,000	678,879,000	705,466,000	685,641,000	680,967,000	670,004,000	654,294,000	627,714,000	624,025,000	625,805,000	615,999,000
liabilities and stockholders' equity
current liabilities:
short-term debt	623,000,000	383,000,000	122,300,000	353,000,000	261,100,000	258,000,000	217,000,000	274,800,000	141,300,000	65,100,000		23,500,000	130,500,000	109,300,000	66,800,000
current portion of long-term debt	46,905,000	48,033,000	122,934,000	76,020,000	160,989,000	160,975,000	85,719,000	85,708,000	699,000	745,000	75,817,000	75,914,000	75,978,000	76,027,000	856,000	458,000	459,000	424,000	728,000	1,050,000	1,398,000	1,623,000	101,634,000	101,643,000	101,643,000	101,598,000																									100,000,000	100,000,000	100,000,000	140,000,000	7,500,000	7,549,000	7,603,000	7,651,000	18,374,000	18,459,000	18,470,000	18,473,000	18,493,000	18,488,000	18,522,000	28,549,000	45,569,000	42,926,000	18,909,000	19,047,000	11,560,000	12,767,000	13,990,000	14,957,000	15,940,000	15,654,000	15,614,000	15,637,000	14,619,000	14,590,000	14,413,000	14,369,000	14,426,000	14,435,000	13,715,000	12,771,000	956,000			25,000,000
accounts payable	305,855,000	269,981,000	289,417,000	284,029,000	269,318,000	224,035,000	287,457,000	255,391,000	258,670,000	253,398,000	234,328,000	223,091,000	220,386,000	219,365,000	230,519,000	195,402,000	188,543,000	165,867,000	170,909,000	163,248,000	162,715,000	158,568,000	134,242,000	160,887,000	218,721,000	218,486,000	240,460,000	243,071,000	259,665,000	224,890,000	226,285,000	222,416,000	195,917,000	182,144,000	232,788,000	186,583,000	177,730,000	149,280,000	169,439,000	178,095,000	177,423,000	165,900,000	173,287,000	188,280,000	237,915,000	176,580,000	160,683,000	179,420,000	154,372,000	133,906,000	145,307,000	141,402,000	143,500,000	112,183,000	124,914,000	120,893,000	118,815,000	106,418,000	123,453,000	100,769,000	104,507,000	94,054,000	107,468,000	93,622,000	91,446,000	75,354,000	81,108,000	82,154,000	71,724,000	64,017,000	65,427,000	61,340,000	60,944,000	53,601,000	57,668,000	45,796,000	52,361,000	41,183,000	38,978,000	36,705,000	36,197,000	31,025,000	37,015,000	34,421,000	38,451,000	32,024,000	35,207,000	36,824,000	36,654,000	28,347,000
income taxes payable	54,532,000	52,429,000	59,655,000	35,768,000	46,025,000	38,742,000	40,692,000	48,753,000	54,242,000	51,914,000	44,435,000	43,220,000	33,692,000	37,086,000	34,655,000	18,713,000	17,701,000	17,004,000	11,481,000	12,699,000	12,945,000	11,987,000	4,662,000	12,164,000	19,911,000	20,704,000	18,849,000	12,816,000	18,361,000	19,899,000	16,745,000	11,407,000	2,691,000	5,891,000	6,774,000	3,594,000	3,046,000	1,374,000	4,547,000	47,921,000	78,430,000	7,602,000	6,555,000	8,483,000	9,583,000	10,225,000	6,130,000	14,107,000	13,726,000	9,053,000	7,848,000	6,433,000	13,707,000	16,863,000	14,141,000	3,394,000	3,251,000	7,828,000	5,440,000	5,501,000	6,991,000	5,845,000	5,453,000	4,847,000	6,055,000	7,400,000	8,084,000		5,735,000	1,076,000	2,235,000							2,976,000							880,000	6,849,000	3,703,000	6,380,000	7,313,000	5,138,000
accrued liabilities	281,463,000	245,688,000	313,083,000	261,381,000	242,285,000	228,748,000	292,642,000	248,440,000	236,944,000	211,657,000	262,616,000	220,934,000	206,388,000	191,383,000	206,283,000	160,701,000	162,343,000	146,213,000	183,139,000	163,580,000	164,350,000	155,932,000	151,794,000	162,295,000	154,559,000	168,089,000	228,127,000	206,785,000	204,586,000	171,137,000	194,513,000	162,211,000	111,442,000	98,785,000	155,072,000	130,270,000	105,978,000	115,823,000	156,627,000	125,760,000	123,397,000	107,939,000	155,936,000	114,320,000	124,373,000	116,570,000	172,731,000	130,252,000	128,013,000	118,709,000	159,141,000	116,419,000	115,278,000	97,738,000	132,184,000	98,556,000	92,901,000	86,753,000	133,516,000	109,726,000	105,776,000	86,340,000	109,052,000	94,171,000	103,950,000	86,996,000	127,317,000	117,228,000	115,949,000	110,097,000	85,591,000	77,288,000	62,627,000	61,200,000	83,890,000	67,147,000	67,614,000	71,160,000	66,877,000	57,672,000	48,692,000	43,449,000	68,647,000	59,585,000	62,331,000	62,705,000	65,573,000	46,822,000	43,722,000	40,560,000
total current liabilities	1,311,755,000	999,131,000	907,389,000	1,010,198,000	979,717,000	914,822,000	923,510,000	913,092,000	691,855,000	582,814,000	617,196,000	586,659,000	666,944,000	633,161,000	539,113,000	424,474,000	369,046,000	329,508,000	366,257,000	340,577,000	341,408,000	328,110,000	392,332,000	535,628,000	594,834,000	792,045,000	707,436,000	642,672,000	642,612,000	575,926,000	591,178,000	540,034,000	351,980,000	353,120,000	427,234,000	437,347,000	421,054,000	416,477,000	480,613,000	451,776,000	479,250,000	381,455,000	338,222,000	314,697,000	372,289,000	303,689,000	340,016,000	324,579,000	317,911,000	272,468,000	413,096,000	400,198,000	378,371,000	367,584,000	279,868,000	236,192,000	255,870,000	219,450,000	280,857,000	276,032,000	236,314,000	204,712,000	262,565,000	211,128,000	219,973,000	198,299,000	262,078,000	285,308,000	212,317,000	194,237,000	168,844,000	151,395,000	163,233,000	135,257,000	162,994,000		141,387,000	138,421,000	120,991,000	108,967,000	111,778,000	104,204,000	128,507,000				111,272,000
long-term debt, less current portion	453,373,000	457,005,000	456,968,000	503,851,000	489,821,000	483,199,000	569,751,000	562,618,000	649,039,000	653,029,000	645,709,000	651,443,000	652,119,000	649,093,000	709,760,000	716,744,000	728,247,000	729,826,000	734,122,000	739,062,000	736,095,000	745,464,000	736,849,000	729,165,000	869,223,000	729,176,000	864,899,000	1,011,147,000	1,000,468,000	1,024,872,000	1,092,397,000	1,211,396,000	588,461,000	583,339,000	580,286,000	574,178,000	562,045,000	569,878,000	577,153,000	685,000,000	617,000,000	787,000,000	850,000,000	875,000,000	713,000,000	700,000,000	710,000,000	665,000,000	584,000,000	584,000,000	450,000,000	450,000,000	450,000,000	450,000,000	384,375,000	401,250,000	403,125,000	405,000,000	406,875,000	408,750,000	410,680,000	412,656,000	425,250,000	435,174,000	445,137,000	496,155,000	526,771,000	606,978,000	412,950,000	415,090,000	33,337,000	34,008,000	34,133,000	34,364,000	45,150,000	46,514,000	47,639,000	49,075,000	58,379,000	59,402,000	60,188,000	61,117,000	72,942,000	73,985,000	75,708,000	77,268,000	88,452,000	88,495,000	90,064,000	89,743,000	89,970,000
deferred income tax liabilities	105,332,000	107,652,000	107,669,000	127,744,000	117,984,000	115,984,000	121,858,000	130,912,000	135,022,000	139,018,000	132,819,000	138,180,000	138,863,000	136,825,000	127,195,000	150,469,000	155,092,000	156,169,000	157,936,000	165,652,000	164,068,000	168,181,000	163,573,000	156,583,000	153,904,000	154,563,000	151,362,000	173,289,000	162,831,000	168,409,000	170,915,000	170,101,000	22,254,000	21,901,000	33,408,000	7,565,000	9,403,000	9,063,000	3,777,000	1,081,000	936,000	92,158,000	14,000	428,000	418,000	314,000	472,000	800,000	800,000	800,000	800,000	800,000	800,000	800,000	800,000	800,000	80,374,000	86,323,000	85,911,000	88,367,000	89,530,000	88,052,000	88,249,000	81,068,000	83,130,000	85,684,000	86,048,000	94,845,000	93,921,000	96,576,000	27,513,000	28,961,000	26,087,000	20,696,000	19,788,000	10,908,000
other liabilities	573,192,000	582,621,000	591,727,000	601,491,000	568,440,000	558,956,000	577,380,000	554,476,000	560,930,000	565,882,000	543,490,000	547,491,000	541,553,000	536,294,000	529,256,000	554,489,000	586,280,000	596,305,000	617,908,000	641,677,000	645,900,000	654,288,000	617,905,000	575,527,000	534,621,000	532,782,000	506,088,000	484,184,000	467,187,000	460,462,000	398,055,000	416,498,000	366,146,000	366,268,000	344,798,000	352,214,000	359,866,000	358,429,000	368,224,000	349,685,000	353,269,000	112,491,000	116,190,000	95,541,000	94,347,000	99,764,000	101,211,000	96,588,000	101,304,000	108,395,000	95,510,000	126,284,000	131,841,000	115,386,000	109,443,000	90,589,000	88,961,000	87,390,000	88,694,000	91,053,000	87,105,000	86,482,000	83,975,000	101,186,000	106,641,000	105,649,000	112,287,000	80,678,000	67,097,000	70,166,000	67,695,000	66,797,000	66,274,000	63,992,000	57,404,000	70,693,000	70,441,000	70,254,000	71,190,000	69,595,000	70,448,000	71,681,000	71,548,000	68,064,000	73,051,000	71,603,000	68,709,000	62,569,000	60,331,000	58,989,000	57,215,000
total liabilities	2,443,652,000	2,146,409,000	2,063,753,000	2,243,284,000	2,155,962,000	2,072,961,000	2,192,499,000	2,161,098,000	2,036,846,000	1,940,743,000	1,939,214,000	1,923,773,000	1,999,479,000	1,955,373,000	1,905,324,000	1,846,176,000	1,838,665,000	1,811,808,000	1,876,223,000	1,886,968,000	1,887,471,000	1,896,043,000	1,910,659,000	1,996,903,000	2,152,582,000	2,208,566,000	2,229,785,000	2,311,292,000	2,273,098,000	2,229,669,000	2,252,545,000	2,338,029,000	1,328,841,000	1,324,628,000	1,385,726,000	1,371,304,000	1,352,368,000	1,353,847,000	1,429,767,000	1,487,542,000	1,450,455,000	1,373,104,000	1,386,861,000	1,384,465,000	1,269,059,000	1,192,207,000	1,236,258,000	1,189,076,000	1,108,642,000	1,070,041,000	1,063,139,000	1,058,148,000	1,036,385,000	1,009,187,000	851,849,000	813,578,000	828,330,000	798,163,000	862,337,000	864,202,000	823,629,000	791,902,000	860,039,000	828,556,000	854,881,000	885,787,000	987,184,000	1,067,809,000	786,285,000	776,069,000	297,389,000	281,161,000	289,727,000	254,309,000	285,336,000	261,313,000
commitments and contingencies
stockholders' equity:
preferred stock, par value 0.003 per share, 10,000 shares authorized, no shares issued
common stock	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000	106,000
additional paid-in capital	544,888,000	497,787,000	482,259,000	473,306,000	449,152,000	414,175,000	396,554,000	394,224,000	374,278,000	337,038,000	327,941,000	326,712,000	321,441,000	305,100,000	293,540,000	290,900,000	287,766,000	274,366,000	261,735,000	259,424,000	257,006,000	244,394,000	231,936,000	233,294,000	227,494,000	216,158,000	207,120,000	205,704,000	204,892,000	195,894,000	185,705,000	184,814,000	185,598,000	176,473,000	163,836,000	162,261,000	160,559,000	142,664,000	141,570,000	141,895,000	145,606,000	139,485,000	131,231,000	127,737,000	124,712,000	117,218,000	112,491,000	110,237,000	108,157,000	104,496,000	101,147,000	99,230,000	97,782,000	98,851,000	97,826,000	95,913,000	94,397,000	86,136,000	81,453,000	80,145,000	78,534,000	76,649,000	73,915,000	72,701,000	77,428,000	75,895,000	73,197,000	72,741,000	71,691,000	70,490,000	68,520,000	62,195,000	58,520,000	55,379,000	48,641,000	46,658,000	38,693,000	34,696,000	31,960,000	30,536,000	29,729,000	27,470,000	25,854,000	24,892,000	21,876,000	16,491,000	15,878,000	14,390,000	14,145,000	13,797,000
accumulated other comprehensive losses	-19,746,000	-4,668,000	-10,415,000	-18,860,000	-50,478,000	-73,709,000	-32,698,000	-64,828,000	-61,401,000	-49,384,000	-70,671,000	-60,928,000	-44,618,000	-58,632,000	-92,563,000	-81,742,000	-63,137,000	-65,404,000	-65,619,000	-79,966,000	-103,441,000	-80,316,000	-89,794,000	-104,375,000	-67,376,000	-93,548,000	-103,306,000	-64,180,000	-64,811,000	-64,648,000	-74,942,000	-77,329,000	-40,721,000	-48,439,000	-53,186,000	-68,617,000	-72,730,000	-79,568,000	-65,705,000	-58,184,000	-50,369,000	-60,045,000	-51,458,000
deferred compensation	1,918,000	1,947,000	1,741,000	1,755,000	1,763,000	1,752,000	2,662,000	3,029,000	3,032,000	3,049,000	2,776,000	2,817,000	3,319,000	5,975,000	6,781,000	6,761,000	6,678,000	7,960,000	7,949,000	8,150,000	9,103,000	9,485,000	9,222,000	9,760,000	9,963,000	9,911,000	9,382,000	9,118,000	8,876,000	9,015,000	8,431,000	8,393,000	8,222,000	8,173,000	7,135,000	7,100,000	7,060,000	6,889,000	5,089,000	5,061,000	5,219,000	5,345,000	4,322,000	4,314,000	4,485,000	4,642,000	3,915,000	3,878,000	4,009,000	4,151,000	4,007,000	4,062,000	4,213,000	4,386,000	4,344,000	4,323,000	4,467,000	4,642,000	4,581,000	4,571,000	4,721,000	4,923,000	4,888,000	4,873,000	4,715,000	4,876,000	4,904,000	4,944,000	5,129,000	5,908,000	5,283,000	5,266,000	5,356,000	4,743,000	4,752,000	4,760,000	2,896,000	5,558,000	5,524,000	5,490,000	5,456,000	5,437,000	5,402,000	5,369,000	4,495,000	4,485,000	4,461,000	4,438,000	4,415,000	4,406,000
retained earnings	3,832,274,000	3,717,350,000	3,600,395,000	3,479,552,000	3,387,846,000	3,295,569,000	3,223,259,000	3,154,792,000	3,067,847,000	2,985,409,000	2,908,574,000	2,839,187,000	2,767,813,000	2,745,484,000	2,727,233,000	2,684,598,000	2,656,590,000	2,620,571,000	2,600,513,000	2,560,915,000	2,522,384,000	2,464,373,000	2,427,905,000	2,372,733,000	2,342,340,000	2,268,483,000	2,224,919,000	2,168,204,000	2,102,350,000	2,034,877,000	1,966,643,000	1,900,928,000	1,860,595,000	1,830,872,000	1,820,268,000	1,765,709,000	1,719,744,000	1,689,275,000	1,649,506,000	1,593,124,000	1,548,832,000	1,514,564,000	1,495,274,000	1,451,575,000	1,414,355,000	1,377,002,000	1,338,468,000	1,292,048,000	1,251,314,000	1,211,822,000	1,193,887,000	1,146,867,000	1,128,659,000	1,091,705,000	1,069,811,000	1,029,188,000	1,006,398,000	973,166,000	949,573,000	912,700,000	881,460,000	854,182,000	835,919,000	807,358,000	779,722,000	759,759,000	741,505,000	721,768,000	700,844,000	686,438,000	663,442,000	633,058,000	604,680,000	579,033,000	565,136,000	532,880,000	512,684,000	496,198,000	481,726,000	467,736,000	442,576,000	434,563,000	425,568,000	417,759,000	400,865,000	390,735,000	381,458,000	378,668,000	372,818,000	366,117,000
stockholders' equity: - sum	4,359,440,000	4,212,522,000	4,074,086,000	3,935,859,000	3,788,389,000
treasury stock	-1,832,062,000	-1,623,087,000	-1,505,955,000	-1,465,538,000	-1,449,119,000	-1,427,720,000	-1,410,805,000	-1,325,083,000	-1,051,417,000	-1,083,107,000	-1,094,961,000	-1,019,287,000	-1,032,688,000	-1,052,623,000	-1,027,194,000	-984,249,000	-829,446,000	-606,207,000	-581,954,000	-538,792,000	-542,754,000	-565,095,000	-577,476,000	-591,992,000	-594,870,000	-592,596,000	-602,098,000	-605,523,000	-549,686,000	-535,362,000	-539,408,000	-542,484,000	-548,668,000	-558,466,000	-559,641,000	-551,440,000	-552,887,000	-530,109,000	-512,882,000	-518,417,000	-525,214,000	-451,103,000	-422,049,000	-422,845,000	-307,316,000	-316,741,000	-286,588,000	-288,385,000	-249,530,000	-206,379,000	-167,710,000	-169,181,000	-142,363,000	-144,635,000	-147,905,000	-136,455,000	-119,493,000	-117,457,000	-115,661,000	-116,086,000	-116,862,000	-117,015,000	-113,088,000	-114,060,000	-113,629,000	-114,538,000	-115,478,000	-4,944,000	-5,129,000	-5,908,000	-5,283,000	-5,266,000	-5,000	-4,743,000	-4,752,000	4,760,000	2,896,000	5,558,000	5,524,000	5,490,000	5,456,000	5,437,000		5,369,000	4,495,000	4,485,000	4,461,000	4,438,000	4,415,000	4,406,000
total stockholders' equity	2,525,460,000	2,587,488,000	2,566,390,000	2,468,566,000	2,337,507,000	2,208,421,000	2,176,416,000	2,159,211,000	2,329,413,000	2,190,062,000	2,070,989,000	2,085,790,000	2,012,054,000	1,939,435,000	1,901,122,000	1,909,613,000	2,051,879,000	2,223,432,000	2,214,781,000	2,201,687,000	2,133,301,000	2,063,462,000	1,992,677,000	1,909,766,000					1,692,851,000		1,538,104,000	1,466,035,000	1,456,910,000	1,400,546,000	1,371,383,000	1,308,019,000	1,254,792,000	1,222,368,000	1,212,595,000	1,158,524,000	1,118,961,000	1,143,007,000	1,153,104,000	1,127,271,000	1,195,589,000	1,162,452,000	1,160,944,000	1,133,997,000	1,129,798,000	1,130,132,000	1,142,545,000	1,063,200,000	1,068,181,000	1,039,630,000
total liabilities and stockholders' equity	4,969,112,000	4,733,897,000	4,630,143,000	4,711,850,000	4,493,469,000	4,281,382,000	4,368,915,000	4,320,309,000	4,366,259,000	4,130,805,000	4,010,203,000	4,009,563,000	4,011,533,000	3,894,808,000	3,806,446,000	3,755,789,000	3,890,544,000	4,035,240,000	4,091,004,000	4,088,655,000	4,020,772,000	3,959,505,000	3,903,336,000	3,906,669,000					3,965,949,000		3,790,649,000	3,804,064,000	2,785,751,000	2,725,174,000	2,757,109,000	2,679,323,000	2,607,160,000	2,576,215,000	2,642,362,000	2,646,066,000	2,569,416,000	2,516,111,000	2,539,965,000	2,511,736,000	2,464,648,000	2,354,659,000	2,397,202,000	2,323,073,000	2,238,440,000	2,200,173,000	2,205,684,000	2,121,348,000	2,104,566,000	2,048,817,000
cash and cash equivalents		454,245,000	327,431,000	473,159,000	364,141,000	283,726,000	282,270,000	308,332,000	316,932,000	144,348,000	137,447,000	114,107,000	129,427,000	99,335,000																			100,147,000	85,779,000	87,552,000	89,002,000	78,953,000	80,885,000	81,090,000	118,119,000	84,745,000	84,422,000	82,202,000	87,384,000	80,761,000	58,462,000	115,287,000	95,842,000	56,665,000	54,590,000	48,556,000	60,972,000	54,658,000	69,456,000	61,829,000	39,903,000	56,329,000	50,380,000	74,539,000	72,598,000	60,819,000	61,308,000	105,579,000	78,708,000	72,560,000	76,620,000	100,863,000	67,556,000	126,873,000	97,520,000	109,833,000	80,976,000	60,242,000	61,142,000	71,635,000	68,472,000	38,276,000	43,383,000	83,718,000	66,938,000	76,653,000	71,551,000	84,597,000	74,671,000	65,024,000	54,959,000	48,895,000	27,861,000	36,969,000	41,683,000
assets held for sale						32,047,000
liabilities held for sale						4,322,000
cash and cash equivalents, including restricted cash of 0 and 1,907, respectively															107,844,000
cash and cash equivalents, including restricted cash of 359 and 1,907, respectively																99,701,000
short-term borrowings																49,200,000								98,639,000	100,000,000	283,168,000	220,000,000	180,000,000	160,000,000	160,000,000	153,635,000	144,000,000	41,930,000	66,300,000								100,000,000	2,430,000	3,186,000					21,000,000	10,000,000		35,144,000	5,086,000		329,000	5,000,000	32,500,000	10,000,000		41,577,000	570,000		22,099,000					43,000,000			4,031,000		25,672,000	5,499,000	5,496,000	4,601,000	5,798,000	7,465,000	517,000		12,476,000	15,361,000	8,419,000	6,291,000	4,945,000	6,146,000	5,833,000	5,413,000	9,248,000	9,405,000
cash and cash equivalents, including restricted cash of 522 and 1,907, respectively																	208,355,000
cash and cash equivalents, including restricted cash of 907 and 1,907, respectively																		426,982,000
cash and cash equivalents, including restricted cash of 1,907 and 3,497, respectively																			448,462,000	362,007,000
cash and cash equivalents, including restricted cash of 1,908 and 3,497, respectively																					287,595,000	201,881,000
cash and cash equivalents, including restricted cash of 3,497 and 1,500, respectively																							153,270,000
cash and cash equivalents, including restricted cash of 2,880 and 1,500, respectively																								101,363,000	102,849,000
liabilities and stockholders’ equity
stockholders’ equity:
total stockholders’ equity																									1,907,694,000	1,798,603,000	1,726,741,000	1,704,311,000		1,630,867,000																									1,008,115,000	980,659,000	988,010,000	938,200,000	919,097,000	898,298,000	857,187,000	818,031,000	803,194,000	749,032,000	743,457,000	730,966,000	709,238,000	690,079,000	653,422,000	648,367,000	629,628,000					547,950,000
total liabilities and stockholders’ equity																									4,060,276,000	4,007,169,000	3,956,526,000	4,015,603,000		3,860,536,000																									1,859,964,000	1,794,237,000	1,816,340,000	1,736,363,000	1,781,434,000	1,762,500,000	1,680,816,000	1,609,933,000	1,663,233,000	1,577,588,000	1,598,338,000	1,616,753,000	1,696,422,000	1,757,888,000	1,439,707,000	1,424,436,000	927,017,000					809,263,000
cash and cash equivalents, including restricted cash of 2,630 and 1,500, respectively																										148,008,000
cash and cash equivalents, including restricted cash of 1,500 and 3,635, respectively																											99,073,000
cash and cash equivalents, including restricted cash of 0 and 3,635, respectively																												63,302,000	65,303,000	71,634,000
cash and cash equivalents, including restricted cash of 3,635 and 0, respectively																															83,594,000
cash and cash equivalents, including restricted cash of 6,290 and 0, respectively																																114,399,000
short-term borrowings and current portion of long-term debt																																			32,600,000	116,900,000	134,300,000	150,000,000	150,000,000	100,000,000	100,000,000
(a) retrospectively adjusted as discussed in note 2, new accounting standards
(a) retrospectively adjusted as discussed in note 2, recent accounting pronouncements
current deferred income tax assets																																										29,734,000
current deferred income tax liabilities																																										14,000
accumulated other comprehensive earnings																																												-29,302,000	-36,268,000	-15,133,000	-3,533,000	19,991,000	19,751,000	20,087,000	15,115,000				-11,723,000	-8,093,000	6,602,000	-3,751,000	3,626,000	21,433,000	13,949,000	4,109,000	6,342,000	-17,073,000	-2,507,000	7,556,000	9,908,000	16,183,000	2,468,000	13,128,000		35,291,000	36,554,000	26,179,000			16,857,000	15,740,000	12,619,000	12,589,000	10,576,000	10,110,000	10,904,000	12,101,000	14,183,000	15,340,000	12,038,000	12,068,000	12,880,000	12,530,000
(a) retrospectively adjusted as discussed in note 4, business acquisitions
accumulated other comprehensive loss																																																				-13,822,000	-16,003,000	-6,397,000
see accompanying notes to condensed consolidated financial statements.
stockholders’ equity: - sum																																																								1,121,437,000	1,111,970,000	1,060,299,000	1,039,339,000	1,018,955,000	978,770,000	939,969,000	921,170,000	867,965,000	859,464,000	848,192,000	829,620,000	815,742,000	780,238,000	776,070,000	757,670,000
deferred income tax liability																																																									800,000	800,000	74,000
total woodward stockholders’ equity																																																															803,194,000	749,032,000	741,120,000	728,778,000
noncontrolling interest in consolidated subsidiary																																																																	2,337,000	2,188,000
intangibles assets																																																																			327,773,000
property, plant, and equipment																																																																				214,521,000	180,611,000	189,604,000		165,131,000	164,325,000	159,037,000
other intangibles																																																																				350,985,000	227,682,000	232,748,000	66,106,000	68,589,000	70,273,000	71,331,000	73,018,000	79,074,000
less: treasury stock at cost, 5,043 shares and 5,261 shares, respectively																																																																				-120,719,000
less: treasury stock at cost, 5,130 shares and 5,261 shares, respectively																																																																					-121,687,000
less: treasury stock at cost, 5,141 shares and 5,261 shares, respectively																																																																						-121,795,000
accumulated other comprehensive income																																																																							20,319,000				23,010,000	18,234,000
less: treasury stock at cost, 5,261 shares and 5,231 shares, respectively																																																																							-122,759,000
liabilities and shareholders’ equity
shareholders’ equity:
shareholders’ equity: - sum																																																																								735,916,000	705,216,000	665,440,000	641,645,000
less: treasury stock at cost, 5,623 shares and 5,231 shares, respectively																																																																								-123,978,000
total shareholders’ equity																																																																								606,672,000	574,103,000	567,514,000	544,431,000		517,805,000	497,969,000	478,689,000	469,282,000	454,606,000	441,877,000	432,469,000				385,861,000
total liabilities and shareholders’ equity																																																																								887,833,000	863,830,000	821,823,000	829,767,000		786,838,000	764,778,000	735,497,000	707,246,000	697,020,000	678,879,000	705,466,000	685,641,000	680,967,000	670,004,000	654,294,000	627,714,000	624,025,000	625,805,000	615,999,000
less: treasury stock at cost, 5,864 shares and 5,231 shares, respectively																																																																									-125,757,000
less: treasury stock at cost, 2,457 shares and 2,616 shares, respectively																																																																										-93,183,000
less: treasury stock at cost, 2,616 shares and 2,426 shares, respectively																																																																											-92,462,000
current assets																																																																												426,220,000
liabilities
current liabilities																																																																												133,198,000
stockholders’ equity
stockholders’ equity - sum																																																																												602,638,000
less: treasury stock at cost, 2,022 shares and 2,426 shares, respectively																																																																												49,928,000
deferred income taxes																																																																													24,303,000	23,466,000	23,526,000	21,261,000	20,992,000	18,752,000	18,700,000	19,239,000	18,842,000	17,157,000	16,852,000	16,136,000	14,922,000	14,362,000	6,429,000
property, plant, and equipment — net																																																																													148,512,000	140,556,000	124,176,000	117,066,000			114,787,000	111,345,000	113,983,000	117,066,000		118,779,000	120,574,000	123,456,000
other intangibles — net																																																																													80,987,000	70,093,000	71,737,000	73,427,000			78,564,000	80,348,000	82,333,000	84,223,000		87,381,000	86,002,000	83,974,000
shareholders’ equity represented by:
preferred stock, par value 0.003 per share, authorized 10,000 shares, no shares issued
shareholders’ equity represented by: - sum																																																																													571,236,000	552,298,000	531,935,000	516,457,000	488,443,000	477,686,000	467,834,000	460,227,000	441,525,000	427,157,000	413,941,000	409,670,000	404,364,000	396,956,000
less: treasury stock, at cost, 2,194 shares for march and 2,426 shares for september																																																																													50,535,000
preferred stock, par value .003 per share, authorized 10,000 shares, no shares issued
less: treasury stock, at cost, 2,311 shares for december and 2,426 shares for september																																																																														48,771,000
less: treasury stock, at cost, 2,426 shares for 2006 and 2,154 shares for 2005																																																																															47,722,000
less: treasury stock, at cost, 2,288 shares for june and 2,154 shares for september																																																																																41,685,000
property, plant, and equipment – net																																																																																	115,514,000	113,452,000
other intangibles – net																																																																																	75,033,000	76,763,000
less: treasury stock, at cost, 1,891 shares for march and 2,154 shares for september																																																																																	28,381,000
less: treasury stock, at cost, 690 shares for december and 718 shares for september																																																																																		30,372,000
less: treasury stock, at cost, 709 shares for june and 844 shares for september																																																																																				27,299,000
less: treasury stock, at cost, 750 shares for march and 844 shares for september																																																																																					25,144,000
less: treasury stock, at cost																																																																																						22,034,000	23,619,000			23,927,000
property, plant, and equipment-net																																																																																							117,310,000
other intangibles-net																																																																																							85,711,000
liabilities and shareholders’ equity current liabilities:
less: treasury stock, at cost, 858 shares for june and 901 shares for september																																																																																								24,021,000
less: treasury stock, at cost, 864 shares for march and 901 shares for september																																																																																									23,256,000
property, plant, and equipment—net																																																																																											124,144,000
other intangibles—net																																																																																											85,291,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2020-09-30	2020-06-30	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2017-09-30	2017-06-30	2016-09-30	2016-06-30	2015-09-30	2015-06-30	2014-09-30	2014-06-30	2013-09-30	2013-06-30	2012-09-30	2012-03-31	2011-12-31	2011-09-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-03-31	2005-12-31	2005-09-30	2005-03-31	2004-12-31	2004-06-30	2004-03-31	2003-12-31

cash flows from operating activities:
net earnings	134,013,000	133,719,000	137,623,000	108,448,000	108,949,000	87,091,000	83,296,000	102,075,000	97,556,000	90,044,000	82,652,000	84,599,000	35,511,000	29,606,000	54,041,000	39,446,000	47,906,000	30,305,000	49,905,000	48,861,000	57,239,000	38,465,000					74,512,000	49,117,000	62,228,000	53,626,000	63,147,000	51,047,000	50,060,000	43,753,000	51,662,000	46,001,000	52,465,000	23,663,000	46,119,000	67,168,000	28,416,000	41,690,000	54,489,000	22,399,000	32,675,000	31,865,000	24,176,000	22,446,000	23,817,000	45,538,000	27,064,000	34,427,000	32,414,000	29,714,000	25,325,000	36,034,000	23,974,000	20,262,000	17,887,000	17,089,000	23,893,000	12,427,000	11,251,000	24,974,000	11,995	24,711	9,105,000	7,393,000
adjustments to reconcile net earnings to net cash from operating activities:
depreciation and amortization	29,906,000	29,038,000	29,182,000	28,654,000	27,566,000	27,876,000	29,328,000	28,792,000	29,225,000	28,825,000	30,442,000	30,044,000	29,953,000	29,304,000	29,370,000	29,927,000	30,610,000	30,721,000	31,725,000	32,243,000	33,576,000	32,106,000					43,994,000	29,055,000	21,330,000	20,580,000	19,115,000	17,300,000	19,481,000	18,505,000	19,673,000	18,845,000	18,013,000	18,328,000	14,747,000	36,234,000	18,427,000	18,094,000	37,409,000	18,897,000	19,161,000	18,461,000	19,058,000	18,936,000	17,882,000	28,358,000	14,005,000	8,275,000	8,874,000	9,004,000	9,297,000			9,189,000	8,249,000	6,677,000	14,752,000	7,230,000	7,252,000	16,722,000	8,291	24,923	8,702,000	8,312,000
net loss on sales of assets and businesses	18,000	18,000					108,000						857,000	33,000
stock-based compensation	14,093,000	7,030,000	6,184,000	6,114,000	12,710,000	6,666,000	5,126,000	8,023,000	14,966,000	4,937,000	4,014,000	3,831,000	4,222,000	11,316,000	2,973,000	3,179,000	2,065,000	11,892,000	2,422,000	2,615,000	2,814,000	6,613,000					1,937,000	1,858,000	1,702,000	1,817,000	1,855,000	1,845,000	3,169,000	3,196,000	2,502,000	2,409,000	2,059,000	1,976,000	1,948,000	5,291,000	3,647,000	1,220,000	4,113,000	2,304,000	1,500,000	1,303,000	1,343,000	2,540,000	1,163,000	3,145,000	1,968,000	1,054,000
deferred income taxes	-1,000	75,582,000	-50,854,000	-1,000	1,000	-1,504,000	-44,650,000	1,000	-1,000	44,000	-40,700,000	0			-23,170,000	-1,000			-12,101,000	-1,485,000	3,067,000	-1,891,000					-4,656,000	-13,835,000	24,357,000	-6,174,000	34,594,000	-5,842,000	13,881,000	-2,005,000	-955,000	-3,443,000	8,384,000	3,376,000	-3,821,000	-1,691,000	917,000	-9,310,000	3,690,000	3,133,000	11,223,000	-2,393,000	-1,486,000	9,014,000	456,000	6,810,000	3,670,000	3,062,000	4,139,000	3,113,000	646,000	7,226,000	2,966,000	220,000	2,061,000	-117,000	-934,000	193,000	-695,000	286,000	1,532	150	-753,000	1,050,000
changes in operating assets and liabilities:
trade accounts receivable	-124,210,000	64,586,000	3,821,000	26,616,000	-125,423,000	83,511,000	-9,655,000	86,073,000	-47,049,000	6,430,000	-43,491,000	-43,161,000	-57,785,000	31,318,000	-47,635,000	-5,183,000	-57,469,000	55,907,000	37,134,000	14,672,000	-11,158,000	63,774,000
unbilled receivables	-18,287,000	-30,790,000	883,000	-14,051,000	-8,643,000	-16,667,000	3,106,000	-14,985,000	-12,135,000	-27,154,000	26,011,000	-31,875,000	-5,789,000	-12,226,000	20,441,000	-16,150,000	-11,675,000	-37,067,000	8,668,000	7,406,000	31,823,000	-3,227,000
costs to fulfill a contract	2,943,000	2,754,000	-3,428,000	-4,204,000	-4,104,000	-3,076,000	-2,820,000	6,674,000	-5,992,000	-1,580,000	-2,265,000	-5,086,000	-3,697,000	-496,000	-3,577,000	-2,657,000	-6,102,000	-4,782,000	-5,011,000	-5,524,000	-9,402,000	-2,980,000
inventories	-18,109,000	-34,524,000	13,506,000	-13,548,000	-68,000	-49,514,000	10,331,000	-35,434,000	-23,458,000	-36,383,000	10,677,000	34,965,000	8,151,000	-50,559,000	-16,378,000	-26,555,000	-34,373,000	-32,890,000	5,309,000	-3,315,000	67,421,000	22,580,000					38,342,000	-13,656,000	37,218,000	-53,000	38,529,000	-10,269,000	35,806,000	-8,545,000	11,072,000	-11,162,000	18,679,000	4,462,000	28,216,000	-35,221,000	-29,436,000	746,000	-59,883,000	-31,514,000	-451,000	-1,983,000	2,134,000	6,196,000	30,241,000	-12,999,000	-13,332,000	1,305,000	-5,364,000	-14,655,000	-17,947,000	18,276,000	-1,873,000	-14,196,000	-10,799,000	8,699,000	-7,567,000	-2,509,000		-13,317,000	-7,784	-13,576	-3,929,000	-4,382,000
accounts payable and accrued liabilities	87,592,000	-77,721,000	44,439,000	26,444,000	80,582,000	-94,647,000	44,147,000	7,377,000	43,785,000	-31,654,000	44,144,000	17,877,000	35,838,000	-30,412,000	86,846,000	20,663,000	47,596,000	-32,142,000	10,485,000	-2,247,000	-29,087,000	-45,353,000					27,303,000	34,086,000	62,314,000	26,179,000	24,009,000	4,186,000	43,295,000	-48,099,000	30,502,000	17,450,000	32,382,000	389,000	30,972,000	-32,696,000	-57,839,000	43,805,000	-7,279,000	-34,739,000	23,839,000	-5,346,000	35,199,000	-19,266,000	464,000	-28,318,000	-47,252,000	13,670,000	15,398,000	4,712,000	-27,702,000	25,944,000	-7,035,000	10,123,000	-12,070,000	12,360,000	-23,743,000	-30,552,000		-5,717,000	-12,580	9,910	11,380,000	-4,384,000
contract liabilities	8,536,000	-10,799,000	-1,626,000	-3,123,000	6,059,000	-4,352,000	10,201,000	-5,411,000	19,246,000	7,502,000	4,886,000	5,460,000	7,704,000	2,065,000	4,046,000	-1,359,000	5,750,000	4,029,000	4,735,000	5,743,000	4,391,000	7,818,000
income taxes	-21,559,000	-50,737,000	57,986,000	-27,146,000	-5,204,000	6,356,000	20,451,000	-24,310,000	-22,976,000	8,766,000	25,983,000	5,251,000	-35,776,000	890,000	24,367,000	6,002,000	-9,538,000	8,813,000	18,017,000	-1,208,000	-4,014,000	-2,754,000					-4,325,000	25,130,000
retirement benefit obligations	-1,166,000	-866,000	-752,000	-795,000	-1,019,000	-840,000	-351,000	-246,000	-806,000	-434,000	-130,000	-164,000	49,000	-664,000	-982,000	-947,000	-1,332,000	-1,163,000	-1,627,000	-1,771,000	-528,000	-1,097,000					-770,000	-1,171,000	-611,000	-606,000	-513,000	-934,000	-1,172,000	-875,000		-190,000	-12,647,000	-501,000	1,567,000	-1,164,000	-1,166,000	-5,092,000	-1,980,000	-2,080,000
other	-2,942,000	7,147,000	-4,385,000	-8,352,000	-2,775,000	2,859,000	-6,858,000	-5,725,000	5,831,000	-2,545,000	9,871,000	13,957,000	14,965,000	-4,773,000	-22,490,000	-10,453,000	-2,562,000	7,205,000	-2,528,000	5,059,000	3,519,000	74,119,000					13,842,000	-10,155,000	-829,000	-11,066,000	596,000	-6,659,000	5,303,000	5,103,000	8,310,000	-8,908,000	11,453,000	-2,017,000	77,000	-8,577,000	-4,948,000	6,216,000	-6,340,000	-496,000	6,053,000	-6,789,000	1,833,000	-8,343,000	10,586,000	-7,400,000	-4,909,000			-256,000	-167,000	-11,970,000
net cash from operating activities	90,827,000	114,437,000	233,318,000	125,635,000	77,825,000	34,516,000	141,760,000	153,211,000	97,329,000	46,789,000	152,913,000	115,480,000	34,748,000	5,402,000	107,622,000	35,908,000	10,818,000	39,290,000	146,754,000	98,918,000	137,075,000	160,237,000	171,406,000	78,248,000	56,242,000	84,712,000	137,209,000	105,365,000	123,739,000	53,804,000	72,898,000	799,000	120,109,000	44,780,000	84,193,000	59,246,000	89,575,000	40,030,000	80,460,000	12,226,000	2,328,000	67,823,000	20,176,000	7,177,000	22,963,000	35,628,000	64,712,000	61,269,000	103,494,000	51,826,000	5,470,000	40,003,000	56,160,000	22,818,000	6,373,000	61,012,000	36,442,000	6,510,000	13,754,000	37,471,000	16,013,000		23,819,000	28,278,000	11,283	58,027	27,394,000	25,446,000
capital expenditures	-52,591,000	-44,129,000	-52,391,000	-26,547,000	-18,416,000	-33,574,000	-24,087,000	-15,892,000	-14,489,000	-41,812,000	-19,358,000	-13,096,000	-19,656,000	-24,390,000	-15,763,000	-12,955,000	-11,027,000	-13,123,000	-16,342,000	-8,034,000	-8,015,000	-9,711,000	-21,161,000	-23,564,000	-22,995,000	-31,346,000	-37,543,000	-31,119,000	-27,261,000	-22,022,000	-47,064,000	-29,312,000	-95,747,000	-81,463,000	-102,576,000	-35,970,000	-63,085,000	-31,331,000	-20,676,000	-30,523,000	-17,254,000	0	-20,124,000	-10,213,000	-9,270,000	-4,698,000	-5,156,000	-8,980,000	0	-15,354,000	-8,234,000	0	-8,567,000	-9,365,000	-6,572,000	-9,317,000	0	-7,635,000	-5,423,000	-12,052,000	-12,982,000		-10,290,000	-9,686,000	-4,360	-14,015	-5,243,000	-4,118,000
free cash flows	38,236,000	70,308,000	180,927,000	99,088,000	59,409,000	942,000	117,673,000	137,319,000	82,840,000	4,977,000	133,555,000	102,384,000	15,092,000	-18,988,000	91,859,000	22,953,000	-209,000	26,167,000	130,412,000	90,884,000	129,060,000	150,526,000	150,245,000	54,684,000	33,247,000	53,366,000	99,666,000	74,246,000	96,478,000	31,782,000	25,834,000	-28,513,000	24,362,000	-36,683,000	-18,383,000	23,276,000	26,490,000	8,699,000	59,784,000	-18,297,000	-14,926,000	67,823,000	52,000	-3,036,000	13,693,000	30,930,000	59,556,000	52,289,000	103,494,000	36,472,000	-2,764,000	40,003,000	47,593,000	13,453,000	-199,000	51,695,000	36,442,000	-1,125,000	8,331,000	25,419,000	3,031,000		13,529,000	18,592,000	6,923	44,012	22,151,000	21,328,000
cash flows from investing activities:
payments for purchase of property, plant, and equipment	-52,591,000	-44,129,000	-52,391,000	-26,547,000	-18,416,000	-33,574,000	-24,087,000	-15,892,000	-14,489,000	-41,812,000	-19,358,000	-13,096,000	-19,656,000	-24,390,000	-15,763,000	-12,955,000	-11,027,000	-13,123,000	-16,342,000	-8,034,000	-8,015,000	-9,711,000	-21,161,000	-23,564,000	-22,995,000	-31,346,000	-37,543,000	-31,119,000	-27,261,000	-22,022,000	-47,064,000	-29,312,000	-95,747,000	-81,463,000	-102,576,000	-35,970,000	-63,085,000	-31,331,000	-20,676,000	-30,523,000	-17,254,000									-15,354,000	-8,505,000		-8,580,000	-9,365,000	-6,572,000			-7,635,000	-5,423,000	-12,052,000	-12,982,000	-5,082,000	-10,290,000	-9,686,000	-4,360	-14,015	-5,243,000	-4,118,000
proceeds from sale of assets			1,000	8,000			2,208,000	33,000			11,000	278,000	169,000	30,000	39,000	-1,000	4,000	1,000	13,000	55,000	11,329,000	13,000	201,000	538,000	22,000	249,000	710,000	15,000	46,000			3,635,000	43,000	141,000	1,019,000	104,000	64,000	34,000	52,000	215,000	60,000									188,000	184,000
proceeds from short-term investments
proceeds from business divestitures				3,147,000
payments for acquisitions, net of cash acquired	1,392,000	-4,200,000
net cash from investing activities	-51,134,000	-48,329,000	-92,035,000	-23,380,000	27,962,000	-32,100,000	-20,978,000			-41,776,000			-11,761,000	-23,475,000	-36,034,000	-16,567,000	267,000	-13,115,000					-22,701,000	-35,045,000	-12,764,000	-32,017,000	-45,260,000	-802,189,000	-28,146,000	-29,343,000	-51,065,000	-25,677,000	-95,704,000	-81,322,000	-101,557,000	-35,866,000	-63,021,000	-31,297,000	-20,624,000	-30,308,000	-17,194,000	-15,586,000	-20,104,000	-10,211,000	-9,226,000	-4,676,000	-4,316,000	-33,914,000	49,291,000	-384,231,000	-377,364,000	-12,255,000	-7,851,000	-9,498,000	-6,305,000	-9,935,000	-9,570,000	-7,661,000	-39,882,000	-12,049,000	-12,425,000	-4,749,000	-9,830,000	-8,833,000	-4,331	-15,683	-4,814,000	-4,034,000
cash flows from financing activities:
cash dividends paid	-19,089,000	-16,764,000	-16,780,000	-16,742,000	-16,672,000	-14,781,000	-14,829,000	-15,130,000	-15,118,000	-13,209,000	-13,265,000	-13,225,000	-13,182,000	-11,355,000	-11,406,000	-11,438,000	-11,887,000	-10,247,000	-10,307,000	-10,330,000	-5,077,000	-5,062,000	-10,081,000	-10,071,000	-10,106,000	-8,808,000	-8,797,000	-8,784,000	-7,669,000	-7,661,000	-6,765,000	-6,755,000	-6,361,000	-6,533,000	-5,242,000	-5,267,000	-5,445,000	-5,455,000	-5,496,000	-10,343,000	-4,823,000	-4,817,000	-8,948,000	-4,136,000	-4,114,000	-4,764,000	-4,105,000	-4,102,000	-4,080,000	-8,136,000				-4,067,000	-3,726,000	-3,778,000	-3,777,000	-3,777,000	-3,415,000	-3,099,000	-6,885,000	-3,432,000	-3,442,000	-5,567,000	-2,718	-8,120	-2,707,000	-2,701,000
proceeds from sales of treasury stock	19,529,000	20,859,000	8,514,000	46,347,000	20,841,000	28,876,000	-267,000	47,055,000	27,820,000	15,267,000	23,861,000	12,821,000	12,868,000	1,199,000	1,614,000	884,000	16,201,000	3,198,000	2,487,000	3,765,000	10,179,000	2,064,000	2,329,000	9,565,000	20,766,000	3,384,000	2,030,000	3,542,000	1,641,000	1,331,000	3,360,000	7,244,000	464,000	5,476,000	1,392,000	2,233,000	931,000	906,000	532,000	5,118,000	2,211,000	404,000	1,308,000	1,095,000	-710,000	1,054,000	846,000	809,000									3,454,000	4,599,000	559,000	876,000	3,124,000	782,000	1,041,000	3,153,000	1,568	2,225	1,019,000	179,000
payments for repurchases of common stock	-225,910,000	-129,387,000	-48,581,000	-44,783,000	-44,020,000	-35,473,000	-86,008,000				-100,011,000	0	0	-26,369,000	-45,067,000	-166,698,000					0	0	0	-71,262,000					-9,969,000	0	1,000	-7,722,000	-42,000	-125,000,000	0	-41,833,000	0	-28,610,000	-12,229,000	-14,312,000	-4,663,000	0	-6,837,000	-6,837,000
borrowings on revolving lines of credit and short-term borrowings	755,400,000	1,254,653,000	328,000,000	607,700,000	681,900,000	668,300,000	704,200,000	719,500,000	810,500,000	728,600,000	784,600,000	507,100,000	618,100,000	413,700,000	474,600,000	465,900,000			0	0	220,793,000	239,036,000	397,284,000	420,641,000	322,770,000	542,847,000	161,156,000	959,425,000	400,000,000	421,800,000	135,000,000	260,000,000	130,001,000	614,970,000	75,000,000	100,000,000	82,000,000	57,000,000	2,736,000	141,375,000	74,821,000	38,459,000	28,207,000	26,693,000	34,366,000	38,938,000	2,105,000	30,610,000	5,409,000
payments on revolving lines of credit and short-term borrowings	-515,400,000	-993,953,000	-558,700,000	-515,800,000	-678,800,000	-627,300,000	-762,000,000	-586,000,000	-734,300,000	-663,500,000	-808,100,000	-614,100,000	-596,900,000	-371,200,000	-457,000,000	-416,700,000			0	0	-319,427,000	-383,450,000	-495,990,000	-349,783,000	-343,044,000	-501,218,000	-269,310,000	-622,274,000	-484,300,000	-439,200,000	-370,300,000	-135,000,000	-155,000,000	-449,610,000	-30,000,000	-40,000,000	-117,155,000	-27,000,000	-7,402,000	-108,935,000	-64,858,000	-79,570,000	-46,278,000	-46,275,000	-12,327,000	-38,938,000	-2,105,000	-30,610,000	-48,407,000
payments of long-term debt and finance lease obligations	-255,000	-75,252,000	-253,000	-85,246,000	-237,000	-236,000	-173,000	-172,000	-223,000	-75,249,000	-243,000	-248,000	-190,000	-98,000	-153,000	-80,000	-183,000	-381,000	-425,000	-379,000	-403,000	-433,000
net cash from financing activities	14,275,000	60,156,000	-287,800,000	-8,524,000	-36,988,000	19,386,000	-159,077,000	-139,558,000	88,679,000	-8,091,000			18,460,000	5,877,000	-37,412,000	-128,132,000	-230,146,000	-46,688,000					-106,591,000	-46,285,000	-48,796,000	-63,927,000	-115,196,000	724,936,000	-100,402,000	-23,833,000	-60,358,000	60,654,000	-28,149,000	40,378,000	42,263,000	15,608,000	-40,414,000	-2,801,000	-38,572,000	-117,000	-8,210,000	-46,477,000	-44,881,000	-39,819,000	8,684,000	-23,089,000	-63,986,000	-50,594,000	-120,391,000	353,083,000	360,597,000	5,021,000	-26,991,000	-15,934,000	-11,000,000	-47,900,000	1,712,000	-5,212,000	-15,096,000	-9,244,000	-11,714,000	-7,880,000	-4,535,000	-3,574,000	-1,268	-38,082	-26,940,000	-4,107,000
effect of exchange rate changes on cash and cash equivalents	-7,044,000	550,000	789,000	15,287,000	11,616,000	-20,346,000	12,233,000	-3,655,000	-5,559,000	9,979,000	2,932,000	-4,180,000	-11,355,000	3,687,000	-26,033,000	137,000	434,000	-967,000	-2,379,000	1,993,000	5,453,000	-1,553,000	-6,343,000	1,081,000	-1,013,000	-728,000	-7,558,000	-13,860,000	3,359,000	9,421,000	1,496,000	-2,402,000	-1,438,000	2,787,000	-5,454,000	189,000	1,444,000	382,000	662,000	-11,000	-1,083,000	-3,819,000	49,000	-1,418,000	4,450,000	-1,715,000	-470,000	-1,004,000	913,000	-3,638,000	-1,016,000	-3,912,000	-584,000	1,714,000	439,000
net change in cash and cash equivalents	46,924,000	126,814,000	-145,728,000	109,018,000	80,415,000	1,456,000	-26,062,000	-8,600,000	172,584,000	6,901,000	23,340,000	-15,320,000	30,092,000	-8,509,000	8,143,000	-108,654,000	-218,627,000	-21,480,000	86,455,000	74,412,000	51,907,000	-1,486,000	35,771,000	-2,001,000	-6,331,000	-11,960,000	-30,805,000	14,252,000	-1,450,000	10,049,000	-37,029,000	33,374,000	-5,182,000	6,623,000	19,445,000	39,177,000	-12,416,000	6,314,000	21,926,000	-18,210,000	-24,159,000	1,941,000	-44,760,000	-44,271,000	26,871,000	6,148,000	-4,060,000	-24,243,000				28,857,000	20,734,000	-900,000	-10,493,000	3,163,000	30,196,000	-5,107,000	-40,335,000	16,780,000	-7,944,000	-13,046,000	9,926,000	16,129,000	6,064	3,803	-4,714,000	17,625,000
cash and cash equivalents, including restricted cash, at beginning of year											0	0	0	107,844,000	0	0	0	448,462,000	0	0	0	0
cash and cash equivalents, including restricted cash, at end of period												-15,320,000	30,092,000	99,335,000		-108,654,000	-218,627,000	426,982,000		74,412,000	51,907,000	-1,486,000	35,771,000	-2,001,000	-6,331,000	71,634,000	-30,805,000
cash and cash equivalents at beginning of year		327,431,000	0	0	0	282,270,000	0	0	0	137,447,000														0	0	83,594,000	0	0	0	0
cash and cash equivalents at end of period		454,245,000		109,018,000	80,415,000	283,726,000		-8,600,000	172,584,000	144,348,000																				10,049,000		33,374,000	-5,182,000	6,623,000	19,445,000	39,177,000	-12,416,000	6,314,000	21,926,000	56,329,000	50,380,000	1,941,000	60,819,000	61,308,000	26,871,000	6,148,000	-4,060,000	76,620,000	33,307,000	126,873,000	97,520,000	28,857,000	20,734,000	-900,000	61,142,000	3,163,000
changes in operating assets and liabilities, net of the effect of acquisition:
proceeds from business divestiture						1,438,000	900,000	300,000													0
payments for business acquisition, net of cash acquired
proceeds from sales of short-term investments			8,000	12,000			1,000	5,000			0	-41,000	7,726,000	7,000	1,252,000	0	11,298,000	7,000	9,000	0	0	16,000	11,993,000	0	10,232,000	27,000	118,000	0	311,000	8,000
payments for purchases of short-term investments															-13,000	-9,611,000			-11,000	-11,576,000	0	-13,086,000	-13,734,000	-12,019,000	-23,000	-947,000	-8,499,000	-16,000
payments of debt financing costs											0	0											0				-169,000						0		0	0
cash and cash equivalents at end of year
net (gain) on sales of assets and businesses				579,000											-230,000	-4,000
payments for short-term investments								-3,044,000
net gain on sales of assets and businesses						-9,243,000												-1,538,000		-2,131,000
proceeds from sale of assets and short-term investments						36,000				36,000
business acquisition, net of cash acquired												0	0	878,000																																										-678,000
net (gain) loss on sales of assets and businesses																					-12,586,000
net cash (used in) investing activities																					3,314,000
net loss on sales of assets										-9,000																														-72,000	8,000	215,000	1,000	12,000	-32,000	-156,000
proceeds from sale of the renewable power systems business and other related business
cash and cash equivalents, including restricted cash, at end of year
net cash (used in) financing activities
impairment of assets sold																					0
net (gain) on cross-currency interest rate swaps																					0
proceeds from the sale of the renewable power systems business and other related businesses
purchase of treasury stock																		-39,258,000
payments for debt financing costs
net gain on cross-currency interest rate swaps
gain due to curtailment of postretirement plan																												0
business acquisitions, net of cash acquired																											-46,000											0							0	0	0	-25,000,000			-369,043,000							-30,000	-34,564,000							-2,310
proceeds from issuance of long-term debt																											0								0	0	0	0											0	400,000,000	400,000,000
payments for forward option derivative instrument
impairment of assets held for sale
net (gain) loss on sales of assets																																	140,000	-48,000			-22,000	152,000
net gain on sales of assets																											-702,000	50,000	-6,000	64,000		-2,587,000
payments of long-term debt and capital lease obligations																							-133,000	-43,137,000	-133,000	-100,132,000	-106,000	-105,000	-105,000	-103,000	-99,000	-57,113,000
payment for forward option derivative instrument																											0
(gain) loss due to curtailment or settlement of postretirement plan
net gain on derivatives reclassified from accumulated comprehensive earnings into earnings
proceeds from formation of joint venture																															0	0
accounts receivable																											-48,816,000	-69,000	-79,203,000	-35,272,000	-49,202,000	-13,654,000	-50,500,000	38,928,000	-26,271,000	-2,257,000	-34,358,000	-1,125,000	-51,058,000	-11,252,000	43,739,000	-37,471,000	-7,712,000	24,256,000	-48,030,000	-3,175,000	-20,303,000	30,820,000	21,640,000	9,376,000	22,678,000	-18,280,000	-4,483,000	-16,901,000	13,194,000	-14,948,000	2,031,000	-16,508,000	8,660,000	-6,870,000	3,880,000	7,432,000		838,000	3,969	-3,020	-3,979,000	9,529,000
net loss on derivatives reclassified from accumulated comprehensive earnings into earnings
gain on derivatives reclassified from accumulated comprehensive earnings into earnings
loss due to settlements or curtailments of postretirement plan
(gain) loss on derivatives reclassified from accumulated comprehensive earnings into earnings																													-18,000	-18,000
current income taxes																													-4,743,000	4,727,000	-59,018,000	-33,616,000	3,410,000	-1,724,000	-6,752,000	972,000	-6,477,000	-8,357,000	11,762,000	-2,202,000	2,209,000	8,630,000	5,789,000	7,176,000	-5,873,000	4,844,000	3,038,000	-1,011,000	530,000	6,821,000	1,804,000
purchases of short-term investments																													-1,242,000
net proceeds from sale of assets
gain due to settlements or curtailments of postretirement plan
impairment of long-lived asset held for sale
loss on derivatives reclassified from accumulated comprehensive earnings into earnings																															-18,000	-18,000	25,000	25,000	26,000	24,000	43,000	42,000	43,000	88,000	45,000	57,000	115,000	59,000
(a) retrospectively adjusted as discussed in note 2, new accounting standards
cash and cash equivalents at beginning of period																																0	0	0	0	0	0	0	0	74,539,000	74,539,000	0	105,579,000	105,579,000	0	0	0	100,863,000	0	109,833,000	109,833,000			0	71,635,000	0
(a) retrospectively adjusted as discussed in note 2, recent accounting pronouncements
excess tax benefits from stock-based compensation																																	-2,789,000	-3,434,000	-1,113,000	-475,000	-399,000	-358,000	-212,000	-3,680,000	-1,691,000	-977,000	-2,236,000	-2,230,000	-3,527,000	-1,047,000	-253,000	-288,000	-2,417,000	-211,000	-207,000	-5,800,000
payments of long-term debt																																			0	0	0	0	-16,925,000	-14,515,000	-12,589,000	-1,930,000	-14,569,000	-12,589,000	-9,928,000	-9,923,000	-60,980,000	-47,589,000	-77,559,000	-12,850,000	-10,714,000	-1,566,000	-1,259,000	-1,548,000	-11,884,000	-2,046,000	-949,000	-993,000	-11,693,000	-975,000	-12,576,000	-11,636,000
changes in operating assets and liabilities, net of business acquisitions:
proceeds from cash flow hedge
excess tax benefits from stock compensation																																		3,434,000	1,113,000	475,000	399,000	358,000	212,000	3,680,000	1,691,000	977,000	2,236,000	2,230,000	3,527,000	1,047,000	253,000	288,000	2,417,000	211,000	207,000	5,800,000				18,572,000	-5,115,000	-1,743,000	-1,926,000	5,852,000	-2,424,000	-1,170,000
retirement benefit obligations, excluding settlements and curtailments
business acquisitions, net of cash and marketable securities acquired
business acquisitions, marketable securities acquired
proceeds from the sale of marketable securities
see accompanying notes to condensed consolidated financial statements.
proceeds from disposal of fuel & pneumatics product line
purchase of noncontrolling interest																																													0
payment of debt financing costs																																							0	-2,185,000
business acquisition, net of cash and marketable securities acquired
business acquisition, marketable securities acquired																																										0
proceeds from sale of marketable securities
net proceeds from issuance of debt
payments of long-term debt assumed in mpc acquisition
payments for cash flow hedge
debt financing costs
payments for property, plant and equipment																																											-20,124,000	-10,213,000
proceeds from the sale of assets
proceeds from the sale of other assets																																											20,000	2,000	44,000
cash flows from operating activities
reclassification of unrealized losses on derivatives to earnings																																													97,000	44,000	70,000	71,000	83,000	72,000	37,000		51,000	50,000	52,000	63,000	62,000	60,000	62,000	72,000	142,000	72,000	81,000	158,000	79	223	102,000	45,000
payments for purchases of property, plant and equipment																																													-9,270,000	-4,698,000	-5,156,000	-8,980,000
proceeds from (payment for) cash flow hedge
debt issuance costs																																																	-290,000	-3,081,000	-3,063,000
proceeds from working capital adjustment on disposal of f&p product line																																														0
purchases of treasury stock																																																				-1,100,000	0	-33,924,000	-4,777,000			-5,010,000	-1,859,000	-6,936,000	-1,907,000	-1,835,000	-3,501,000			-1,547
payment for cash flow hedge																																																	0	-1,308,000
proceeds from sales of property, plant and equipment
net loss on sale of property, plant and equipment																																																154,000
proceeds from sale of property, plant and equipment																																																66,000
post retirement settlement gain
contractual pension termination benefit																																																								-135,000	0
disposal of fuel & pneumatics product line
net loss on sale of assets																																																		634,000
proceeds from sales of assets
business acquisitions																																																		-369,065,000
proceeds from sales of treasury stock as a result of exercises of stock options																																																		888,000	760,000
payment of long-term debt assumed in mpc acquisition																																																		-18,610,000	-18,494,000
net increase in cash and cash equivalents																																																		17,040,000
net borrowings (payments) on revolving lines of credit and short-term borrowings																																																		-4,031,000
net gain on sale of assets																																																			-56,000
cash dividend paid																																																			-4,068,000
net payments on borrowings under revolving lines of credit and short-term borrowings																																																			-4,031,000
net decrease in cash and cash equivalents																																																			-12,313,000
supplemental cash flow information:
interest expense paid																																																			1,754,000	190,000	1,769,000	467,000	1,790,000				2,351,000				243,000	2,766,000	2,497	5,639	406,000	2,630,000
income taxes paid																																																			5,219,000	9,542,000	6,684,000	14,830,000	2,679,000	4,677,000	5,685,000	10,080,000	727,000	6,483,000	8,277,000		2,646,000	18,647,000	4,091	10,761	2,253,000	2,245,000
noncash investing and financing activities:
sales of property and equipment on account																																																			189,000
purchases of property and equipment on account																																																			271,000
long-term debt assumed in a business acquisition																																																			18,494,000
reclassification of unrealized gains and losses on derivatives to earnings
changes in operating assets and liabilities, net of business acquisition:
payments for purchase of property, plant and equipment																																																								-9,317,000
proceeds from sales of treasury stock as a result of exercise of stock options																																																						1,699,000	4,160,000
net payments from borrowings under revolving lines of credit																																																							-31,000
other payments
income tax refunds received																																																				853,000	331,000
non-cash investing activities:
long-term debt assumed in business acquisition
purchases of property, plant and equipment on account
sales of assets on account
contractual pension termination benefits																																																											850,000
net loss on disposal of assets
income taxes receivable																																																					1,556,000	7,281,000	7,589,000
other — net																																																												-3,739,000				6,264,000	2,160	5,719	4,370,000	750,000
total adjustments																																																					23,746,000	-6,896,000	-18,952,000			-13,752,000	-4,133,000	20,382,000	-7,880,000	-12,875,000
proceeds from disposal of assets
net payments on borrowings under revolving lines
cash and cash equivalents at beginning period
noncash investing activities:
long-term liabilities assumed in business acquisition
acquisition of property and equipment on account																																																					13,000
assets sold for note receivable
postretirement settlement gain																																																									0
net loss on disposal of property, plant, and equipment
share-based compensation																																																						1,090,000	1,377,000
excess tax benefits from share-based compensation																																																						-1,700,000	-5,258,000
proceeds from sale of property, plant, and equipment																																																						-133,000	267,000			4,000	105,000	3,000	557,000	333,000	460,000	853,000	29	253	40,000	84,000
net borrowings (payments) under revolving lines of credit
net gain on sale of property, plant, and equipment																																																							-33,000			3,000	-10,000		-212,000
curtailment gain																																																															0
net proceeds from borrowings under revolving lines of credit
effect of exchange rate changes on cash																																																								-14,000	1,612,000	1,256,000	889,000	602,000	182,000	31,000	472,000	258,000	380	-459	-354,000	320,000
operating activities:
depreciation, depletion and amortization
net gain of sales of property, plant and equipment
stock compensation expense																																																									948,000	901,000	1,061,000		1,573,000	878,000
income taxes payable																																																									2,444,000				5,539,000	5,973,000		-1,673,000	3,612	8,890	2,410,000	6,976,000
total adjustment
investing activities:
financing activities:
net borrowings (payments) under revolving lines																																																									-1,112,000
interest paid																																																									2,033,000				2,896,000
liabilities assumed in business acquisition																																																																		338
cash and cash equivalents, beginning of year																																																										0	83,718,000	0	84,597,000	84,597,000	0	48,895,000	48,895	24,058	0	24,058,000
cash and cash equivalents, end of period																																																										-5,107,000	43,383,000		76,653,000	71,551,000		65,024,000	54,959	27,861	-4,714,000	41,683,000
liabilities assumed in business acquisitions																																																										-3,208,000	27,844,000
settlement gain																																																											-880,000
income taxes receivable/payable																																																											6,561,000
other – net																																																											-5,952,000		1,114,000	-352,000
net proceeds from borrowings under revolving lines																																																											-614,000			7,071,000	2,290,000			-30,640
net loss on sale of property, plant, and equipment																																																														-70,000	527,000	-257,000	9	97	-14,000	157,000
receipts associated with business acquisition
cash and cash equivalents, end of year
net borrowings (payments) from borrowings under revolving lines																																																													4,106,000
net cash provided (used) by operating activities																																																														-448,000
esop compensation expense
proceeds from long-term debt
receipts associated with business acquisitions																																																																		389
noncash investing:
net payments from borrowings under revolving lines																																																																-1,160,000	-118		-25,252,000	-1,585,000
adjustments to reconcile net earnings to net cash provided by operating activities:
cumulative effect of accounting change, net of income taxes
impairment loss on equipment
other—net
unrealized losses on derivatives
accounts payable and accrued expenses
payments associated with sale of business

Woodward, Inc(NASDAQ:WWD)

Woodward, Inc
(NASDAQ:WWD)