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Joint Venture (Tables)
 3 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Unamortized Deferred Revenue from JV

Unamortized deferred revenue from material rights in connection with the JV formation included:

 

 

December 31, 2024

 

 

September 30, 2024

 

Accrued liabilities

 

$

6,760

 

 

$

6,580

 

Other liabilities

 

 

230,962

 

 

 

232,164

 
Other Income Related JV

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

 

 

Three Months Ended December 31,

 

 

 

2024

 

 

2023

 

Other income

 

$

10,156

 

 

$

10,155

 
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 December 31,

 

 

 

2024

 

 

2023

 

Cash distributions

 

$

11,000

 

 

$

6,500

 
Net Sales to the JV

Net sales to the JV were as follows:

 

 

Three Months Ended December 31,

 

 

 

2024

 

 

2023

 

Net sales

 

$

20,696

 

 

$

20,272

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

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

 

 

December 31, 2024

 

 

September 30, 2024

 

Accounts receivable

 

$

3,745

 

 

$

5,205

 

Accounts payable

 

 

6,155

 

 

 

11,378

 

Other assets

 

 

18,375

 

 

 

19,219