Joint Venture (Tables)

12 Months Ended

Sep. 30, 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:

	September 30, 2024		September 30, 2023
Accrued liabilities	$	6,580	$	6,147
Other liabilities		232,164		233,997

Other Income Related JV

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

	For the Year Ended September 30,
	2024		2023		2022
Other income	$	41,191	$	36,846	$	18,193

Cash Distribution from JV

Cash distributions to Woodward from the JV, recognized in net cash provided by operating activities on the Consolidated Statements of Cash Flows, include:

	Year Ended September 30,
	2024		2023		2022
Cash distributions	$	38,000	$	29,000	$	17,000

Net Sales to the JV

Net sales to the JV were as follows:

	For the Year Ended September 30,
	2024		2023		2022
Net sales1	$	80,708	$	47,607	$	28,100

(1)Net sales include a reduction of $63,794 for the fiscal year ended September 30, 2024, $49,624 for the fiscal year ended September 30, 2023, and $28,054 for the fiscal year ended September 30, 2022 related to royalties owed to the JV by Woodward on sales by Woodward directly to third party aftermarket customers.

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

The 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:

	September 30, 2024		September 30, 2023
Accounts receivable	$	5,205	$	3,666
Accounts payable		11,378		6,276
Other assets		19,219		16,028

Contract Liabilities and Costs to Fulfill a Contract

Contract liabilities and costs to fulfill a contract was as follows:

	September 30, 2024		September 30, 2023
Contract liabilities	$	78,226	$	84,059
Costs to fulfill a contract		78,226		84,059