v3.26.1
Joint Venture (Tables)
9 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Unamortized Deferred Revenue from JV

Unamortized deferred revenue recorded in connection with the JV formation included:

 

 

June 30, 2026

 

 

September 30, 2025

 

Accrued liabilities

 

$

7,884

 

 

$

7,298

 

Other liabilities

 

 

227,996

 

 

 

229,878

 

Other Income Related JV

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

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Other income

 

$

14,761

 

 

$

11,221

 

 

$

45,697

 

 

$

32,763

 

Cash Distribution from JV

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

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cash distributions

 

$

17,600

 

 

$

9,000

 

 

$

43,100

 

 

$

30,000

 

Net Sales to the JV

Net sales to the JV were as follows:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net sales

 

$

28,564

 

 

$

22,551

 

 

$

84,339

 

 

$

67,517

 

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

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

 

 

June 30, 2026

 

 

September 30, 2025

 

Accounts receivable

 

$

5,028

 

 

$

5,377

 

Accounts payable

 

 

8,827

 

 

 

8,370

 

Other assets

 

 

25,666

 

 

 

23,069