What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Woodward WWD Deferred Revenue

Discontinued — last reported Q2 '20

Deferred Revenue at other companies

Raytheon TechnologiesRTX

$21.94B+15.2%

AstronicsATRO

$29.67M-2.5%

Howmet AerospaceHWM

$147M—

Moog Inc.MOG.A

——

Crane Co.CR

——

Ingersoll RandIR

——

Other financials

Income statement

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Revenue$1.1B+23.4%

Gross profit$315.9M+31.6%

Net income$134.0M+23.0%

EPS (diluted)$2.19+23.0%

Balance sheet

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Cash & equivalents$501.2M+37.6%

Total debt$1.1B+42.7%

Total equity$2.5B+8.0%

Total assets$5.0B+10.6%

Cash flow

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Operating cash flow$90.8M+16.7%

CapEx$52.6M+186%

Free cash flow$38.2M-35.6%

Valuation

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Market cap$25.35B+69.1%

Enterprise value$25.93B+68.6%

P/E49.3×+10.7×

P/S6.3×+2.0×

Profitability

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Gross margin28.4%+2.6pp

Net margin12.9%+1.5pp

FCF margin9.7%+0.3pp

Returns & leverage

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Return on equity21.1%+4.8pp

Debt / equity0.4×+0.1×

Current ratio1.7×-0.2×

Where this comes from

Reported directly by Woodward in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Woodward’s 10-Q, filed May 11, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.