Revenue (Tables)

3 Months Ended

Dec. 31, 2019



	Three-Months Ended December 31, 2019						Three-Months Ended December 31, 2018
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	187,515	$	167,942	$	355,457	$	164,014	$	172,162	$	336,176
Over time		286,410		78,488		364,898		228,873		87,762		316,635
Total net sales	$	473,925	$	246,430	$	720,355	$	392,887	$	259,924	$	652,811

Schedule of Accounts Receivable


	December 31, 2019		September 30, 2019
Billed receivables
Trade accounts receivable	$	354,152	$	381,942
Other (Chinese financial institutions)		16,635		42,171
Less: Allowance for uncollectible amounts		(3,813)		(7,908)
Net billed receivables		366,974		416,205
Current unbilled receivables (contract assets), net		205,469		175,324
Total accounts receivable, net	$	572,443	$	591,529

Schedule of Contract Liability


	December 31, 2019				September 30, 2019
		Current		Noncurrent		Current		Noncurrent
Deferred revenue from material rights from GE joint venture formation	$	8,186	$	229,011	$	8,317	$	230,588
Deferred revenue from advance invoicing and/or prepayments from customers		4,200		139		4,554		141
Liability related to customer supplied inventory		10,298		-		13,396		-
Deferred revenue from material rights related to engineering and development funding		2,277		111,858		1,624		106,436
Net contract liabilities	$	24,961	$	341,008	$	27,891	$	337,165

Schedule of Disaggregation of Revenue


	Three-Months Ended December 31,
	2019		2018
Commercial OEM	$	158,666	$	140,508
Commercial aftermarket		125,928		111,348
Defense OEM		140,926		101,836
Defense aftermarket		48,405		39,195
Total Aerospace segment net sales	$	473,925	$	392,887

Revenue by primary market for the Industrial reportable segment was as follows:


	Three-Months Ended December 31,
	2019		2018
Reciprocating engines	$	174,653	$	196,130
Industrial turbines		51,500		49,512
Renewables		20,277		14,282
Total Industrial segment net sales	$	246,430	$	259,924

The customers who account for approximately 10% or more of net sales to each of Woodward’s reportable segments for the three-months ended December 31, 2019 are as follows:


	Customer
Aerospace	The Boeing Company, General Electric Company, United Technologies Corporation
Industrial	Rolls-Royce PLC, Weichai Westport

Net sales by geographic area, as determined based on the location of the customer, were as follows:



	Three-Months Ended December 31, 2019						Three-Months Ended December 31, 2018
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
United States	$	363,912	$	51,092	$	415,004	$	286,745	$	49,892	$	336,637
Germany		17,278		51,438		68,716		12,749		63,364		76,113
Europe, excluding Germany		38,987		50,501		89,488		39,612		59,348		98,960
China		10,212		53,876		64,088		15,638		50,251		65,889
Asia, excluding China		6,981		31,912		38,893		8,368		29,167		37,535
Other countries		36,555		7,611		44,166		29,775		7,902		37,677
Total net sales	$	473,925	$	246,430	$	720,355	$	392,887	$	259,924	$	652,811