TransDigm Group INC

10-K & 10-Q Filings

TransDigm Group Incorporated is a leading global designer, producer, and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft. The company's business strategy focuses on obtaining profitable new business, carefully controlling costs, and pricing products to fairly reflect their value. TransDigm's major product offerings include mechanical/electromechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, cargo loading, handling and delivery systems, and specialized flight, wind tunnel and jet engine testing services and equipment. The company's businesses are organized and managed in three reporting segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment includes operations that primarily develop, produce, and market systems and components that predominately provide power to or control power of the aircraft utilizing electronic, fluid, power, and mechanical motion control technologies. The Airframe segment includes operations that primarily develop, produce, and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. The Non-aviation segment includes operations that primarily develop, produce, and market products for non-aviation markets. TransDigm's sales and marketing organization is structured to continually develop technical solutions that meet customer needs, focusing on high-margin, repeatable sales in the aftermarket. The company has a sales and marketing team that is responsible for growing sales and profitability for each product and identifying and obtaining new business opportunities. TransDigm maintains approximately 100 manufacturing facilities and continually strives to improve productivity and reduce costs. The company competes on the basis of engineering, manufacturing, and marketing high-quality products, consistent and timely delivery, and superior customer service and support. TransDigm's customers include distributors of aerospace components, worldwide commercial airlines, large commercial transport and regional and business aircraft OEMs, various armed forces of the United States and friendly foreign governments, defense OEMs, system suppliers, and various other industrial customers. The company's top ten customers accounted for approximately 41% of its net sales in fiscal year 2023. TransDigm's website is www.transdigm.com, and its ticker symbol is TDG on the New York Stock Exchange.

12 mos ending Sep 30, 201212 mos ending Sep 30, 201312 mos ending Sep 30, 201412 mos ending Sep 30, 201512 mos ending Sep 30, 201612 mos ending Sep 30, 201712 mos ending Sep 30, 201812 mos ending Sep 30, 201912 mos ending Sep 30, 202012 mos ending Sep 30, 202112 mos ending Sep 30, 202212 mos ending Sep 30, 20233 mos ending Dec 31, 20223 mos ending Dec 30, 2023CAGR %YoY %Revenue (+)
$1488.30
1653.72
2025.22
2288.33
2687.56
2901.70
3148.12
5223.20
5103.00
4798.00
5429.00
6585.00
1397.00
1789.00
14.48%28.06%Cost of Revenue (-)
$542.59
604.15
757.34
838.48
959.50
917.07
970.61
2413.93
2456.00
2285.00
2330.00
2743.00
604.00
747.00
15.87%23.68%Gross Profit (+)
$945.72
1049.56
1267.87
1449.85
1728.06
1984.63
2177.51
2809.27
2647.00
2513.00
3099.00
3842.00
793.00
1042.00
13.59%31.40%Selling, General & Administrative (-)
$201.71
254.47
276.45
321.62
382.86
415.57
450.10
747.77
727.00
685.00
748.00
780.00
169.00
220.00
13.08%30.18%Depreciation & Amortization (-)
$44.23
45.64
63.61
54.22
77.44
89.23
72.45
134.95
169.00
137.00
136.00
139.00
34.00
35.00
10.97%2.94%Operating Expenses (-)
$245.94
300.11
340.05
375.84
460.30
504.80
522.55
882.73
896.00
822.00
877.00
919.00
203.00
255.00
12.73%25.62%Costs & Expenses (Total) (-)
$1000.43
1174.94
1445.09
1633.11
1903.65
2024.46
2156.16
3296.66
3352.00
3107.00
3207.00
3662.00
807.00
1002.00
12.52%24.16%Operating Income/Loss (+)
$699.77
749.46
927.82
1074.00
1267.76
1479.83
1654.96
1926.55
1751.00
1691.00
2215.00
2923.00
590.00
787.00
13.88%33.39%Non-operating Income/Expense (+)
$
-0.92
46.00
51.00
-18.00
13.00
1.00
1.00
0.00%Earnings before Tax (+)
$487.87
448.49
448.51
636.82
768.12
837.43
985.56
1062.87
740.00
715.00
1127.00
1716.00
301.00
488.00
12.11%62.13%Tax Expense (-)
$162.90
145.70
141.60
189.61
181.70
208.89
24.02
221.99
87.00
34.00
261.00
417.00
72.00
106.00
8.92%47.22%Income/Loss (Continuing Operations) (+)
$324.97
302.79
306.91
447.21
586.41
628.54
961.54
840.88
653.00
681.00
866.00
1299.00
229.00
382.00
13.42%66.81%Income/Loss (Discontinued Operations) (+)
$
-31.65
-4.47
50.43
47.00
1.00
Profit/Loss (+)
$
891.31
700.00
681.00
867.00
1299.00
229.00
382.00
66.81%Net Income/Loss (NCI) (-)
$
-1.54
-1.00
1.00
1.00
1.00
1.00
Net Income/Loss (+)
$324.97
302.79
306.91
447.21
586.41
596.89
957.06
889.77
699.00
680.00
866.00
1298.00
228.00
382.00
13.42%67.54%Net Income/Loss (Common) (+)
$324.97
302.79
306.91
447.21
586.41
596.89
957.06
889.77
699.00
680.00
866.00
1298.00
228.00
382.00
13.42%67.54%EPS (Basic)
$5.97
2.39
3.16
7.84
10.39
7.88
16.20
13.84
8.96
10.41
13.40
22.03
3.33
4.87
12.60%46.25%EPS (Diluted)
$
3.16
7.84
10.39
7.88
16.20
13.84
8.96
13.40
22.03
3.33
4.87
46.25%Weighted Avg Shares (Basic)
53.88
55.08
56.99
56.61
56.16
55.53
55.60
56.27
57.30
58.40
58.20
57.20
57.10
57.70
0.54%1.05%Weighted Avg Shares (Diluted)
53.88
55.08
56.99
56.61
56.16
55.53
55.60
56.27
57.30
58.40
58.20
57.20
57.10
57.70
0.54%1.05%Cash
$440.52
564.74
819.55
714.03
1586.99
650.56
2073.02
1467.49
4717.00
4787.00
3001.00
3472.00
3288.00
4135.00
20.65%25.76%Receivables
$235.78
290.45
351.31
444.07
576.34
636.13
704.31
1067.60
720.00
791.00
967.00
1230.00
860.00
1145.00
16.20%33.14%Inventory
$320.50
413.58
459.07
591.40
724.01
730.68
805.29
1232.65
1283.00
1185.00
1332.00
1616.00
1439.00
1708.00
15.84%18.69%Prepaid Expenses (Current)
$24.59
21.54
21.98
37.08
43.35
38.68
74.67
135.38
240.00
267.00
349.00
420.00
342.00
408.00
29.43%19.30%Other Assets (Current)
$29.13
30.18
37.67
45.38
77.50
962.13
Assets (Current)
$1050.53
1320.49
1689.58
1831.96
2930.70
2133.55
3657.29
4865.25
6960.00
7030.00
5649.00
6738.00
5929.00
7396.00
18.41%24.74%Property, Plant & Equipment (Net)
$172.74
208.96
212.11
260.68
310.58
324.92
388.33
756.76
752.00
770.00
807.00
1255.00
864.00
1335.00
19.76%54.51%Goodwill & Intangibles
$4159.11
4533.40
4742.23
6226.07
7443.80
7463.20
8011.69
10563.92
10499.00
11359.00
11391.00
11735.00
11469.00
11769.00
9.89%2.62%Other Assets
$77.24
86.02
112.93
108.33
41.20
53.99
140.15
68.80
184.00
156.00
260.00
242.00
227.00
185.00
10.94%-18.50%Assets (Non-current)
$4409.09
4828.38
5067.27
6595.09
7795.58
7842.11
8540.18
11389.48
11435.00
12285.00
12458.00
13232.00
12560.00
13289.00
10.51%5.80%Assets (Total)
$5459.62
6148.88
6756.85
8427.05
10726.28
9975.66
12197.47
16254.73
18395.00
19315.00
18107.00
19970.00
18489.00
20685.00
12.51%11.88%Accounts Payable
$213.41
291.46
346.61
414.38
500.19
484.65
525.05
952.28
991.00
1037.00
1000.00
1159.00
980.00
1288.00
16.63%31.43%Debt (Current)
$20.50
31.05
239.30
243.84
252.42
369.04
375.34
429.73
625.00
626.00
426.00
420.00
428.00
530.00
31.59%23.83%Other Liabilities (Current)
$
17.30
156.74
Liabilities (Current)
$233.91
322.50
585.91
658.22
752.60
870.99
900.38
1538.76
1616.00
1663.00
1426.00
1579.00
1408.00
1818.00
18.96%29.12%Debt (Non-current)
$3598.63
5700.19
7233.84
8183.50
9943.19
11393.62
12501.95
16469.22
19384.00
19372.00
19369.00
19330.00
19375.00
21346.00
16.51%10.17%Other Liabilities
$408.24
462.57
493.20
623.64
681.97
662.25
603.61
1131.84
1363.00
1190.00
1078.00
1039.00
1034.00
1027.00
8.86%-0.68%Liabilities (Non-current)
$4006.87
6162.76
7727.04
8807.14
10625.16
12055.87
13105.56
17601.06
20747.00
20562.00
20447.00
20369.00
20409.00
22373.00
15.93%9.62%Liabilities (Total)
$4240.78
6485.26
8312.95
9465.36
11377.77
12926.86
14005.94
19139.81
22363.00
22225.00
21873.00
21948.00
21817.00
24191.00
16.12%10.88%Treasury Stock
$16.09
16.09
175.94
175.94
384.27
774.72
775.30
775.30
794.00
794.00
1706.00
1706.00
1706.00
1706.00
52.80%0.00%Retained Earnings
$689.23
-1004.24
-2150.29
-1717.23
-1146.96
-3187.22
-2246.58
-3119.96
-4359.00
-3705.00
-3914.00
-2621.00
-3687.00
-4266.00
-15.70%AOCI
$-8.05
-6.52
-25.17
-96.01
-149.79
-85.14
4.10
-378.98
-401.00
-248.00
-267.00
-98.00
-108.00
-60.00
44.44%Shareholder's Equity
$1218.83
-336.38
-1556.10
-1038.31
-651.49
-2951.20
-1808.47
-2894.91
-3972.00
-2910.00
-3766.00
-1978.00
-3328.00
-3506.00
-5.35%Liabilities & Equity
$5459.62
6148.88
6756.85
8427.05
10726.28
9975.66
12197.47
16254.73
18395.00
19315.00
18107.00
19970.00
18489.00
20685.00
12.51%11.88%Net Income/Loss
$324.97
302.79
306.91
447.21
586.41
596.89
957.06
891.31
700.00
681.00
867.00
1299.00
229.00
382.00
13.42%66.81%Depreciation & Amortization
$36.24
39.24
46.48
51.74
59.67
72.04
78.53
117.72
147.00
149.00
150.00
170.00
38.00
47.00
15.09%23.68%Increase/Decrease in Working Capital
$-36.55
-69.00
-18.55
23.66
105.10
87.27
156.21
214.10
-159.00
90.00
282.00
428.00
-35.00
-111.00
-217.14%Share-based Compensation
$22.15
48.88
26.33
31.50
48.31
45.52
58.48
93.36
93.00
129.00
153.00
29.00
51.00
75.86%Adjustments to Reconcile Net Income
$88.92
167.42
234.31
73.73
82.52
191.85
60.64
124.16
513.00
232.00
82.00
76.00
148.00
254.00
-1.42%71.62%Net Cash (Operating)
$413.88
470.20
541.22
520.94
668.93
788.73
1022.17
1015.47
1213.00
913.00
948.00
1375.00
377.00
636.00
11.53%68.70%Capital Expenditure
$876.29
518.79
346.02
1679.15
1443.05
207.31
740.96
4077.75
-799.00
809.00
553.00
900.00
41.00
50.00
0.24%21.95%Net Cash (Investing)
$-876.29
-502.44
-329.64
-1679.15
-1443.05
-287.00
-683.58
-3888.98
799.00
-785.00
-553.00
-900.00
-41.00
-50.00
-21.95%Increase/Decrease in Debt
$484.32
2059.81
1576.77
573.22
-830.06
1524.09
1095.00
3902.81
3072.00
-125.00
-275.00
-3677.00
-49.00
2055.00
4293.88%Increase/Decrease in Equity
$-0.85
-159.85
-207.75
-368.64
57.58
81.88
97.00
128.00
-780.00
215.00
27.00
52.00
92.59%Interest Expenses
$197.79
236.77
319.58
398.94
448.61
587.72
634.98
877.53
923.00
1008.00
1057.00
1160.00
272.00
205.00
17.45%-24.63%Dividends Paid
$3.30
1991.35
1451.39
3.37
3.00
2581.55
56.15
1712.22
1928.00
73.00
1091.00
38.00
38.00
2038.00
24.88%5263.16%Net Cash (Financing)
$527.19
156.19
43.97
1054.95
632.55
-2887.36
2171.20
2271.35
1230.00
-70.00
-2148.00
-16.00
-65.00
67.00
203.08%Cash Taxes Paid
$103.94
82.29
97.80
127.36
183.29
185.29
129.25
215.15
223.00
83.00
220.00
260.00
-2.00
11.00
8.69%650.00%Effect of Exchange Rate
$-0.44
0.26
-0.75
-2.25
0.24
5.52
-1.74
-3.38
8.00
12.00
-33.00
12.00
16.00
10.00
-37.50%Increase/Decrease in Cash
$64.34
124.22
254.81
-105.52
872.96
-936.43
1422.46
-605.53
3250.00
70.00
-1786.00
471.00
287.00
663.00
19.84%131.01%Cash (Beginning)
$376.18
440.52
564.74
819.55
714.03
1586.99
650.56
2073.02
1467.00
4787.00
3001.00
3001.00
3472.00
20.78%15.69%Cash (Ending)
$440.52
564.74
819.55
714.03
1586.99
650.56
2073.02
1467.49
4717.00
3001.00
3472.00
3288.00
4135.00
20.65%25.76%NOPAT
$550.69
611.94
725.51
859.20
965.24
1152.39
1437.93
1536.56
1223.33
1494.70
1782.61
2480.12
448.87
769.26
14.66%71.38%Gross Margin %
63.54%
63.47%
62.60%
63.36%
64.30%
68.40%
69.17%
53.78%
51.87%
52.38%
57.08%
58.34%
56.76%
58.24%
Operating Margin %
47.02%
45.32%
45.81%
46.93%
47.17%
51.00%
52.57%
36.88%
34.31%
35.24%
40.80%
44.39%
42.23%
43.99%
NOPAT Margin %
37.00%
37.00%
35.82%
37.55%
35.92%
39.71%
45.68%
29.42%
23.97%
31.15%
32.84%
37.66%
32.13%
43.00%
Net Margin %
21.83%
18.31%
15.15%
19.54%
21.82%
20.57%
30.40%
17.03%
13.70%
14.17%
15.95%
19.71%
16.32%
21.35%
Tax Rate %
21.30%
18.35%
21.81%
20.00%
23.86%
22.13%
13.11%
20.24%
30.14%
11.61%
19.52%
15.15%
23.92%
2.25%
ROA
10.09%
9.95%
10.74%
10.20%
9.00%
11.55%
11.79%
9.45%
6.65%
7.74%
9.84%
12.42%
2.43%
3.72%
ROE
45.18%
-181.92%
-46.62%
-82.75%
-148.16%
-39.05%
-79.51%
-53.08%
-30.80%
-51.36%
-47.33%
-125.39%
-13.49%
-21.94%
ROIC
11.36%
11.46%
12.86%
11.65%
10.89%
12.82%
14.71%
11.60%
9.40%
10.82%
12.39%
15.74%
3.18%
5.04%
Asset Turnover
0.27
0.27
0.30
0.27
0.25
0.29
0.26
0.32
0.28
0.25
0.30
0.33
0.08
0.09
Inventory Turnover
1.69
1.46
1.65
1.42
1.33
1.26
1.21
1.96
1.91
1.93
1.75
1.70
0.42
0.44
Equity Multiplier
4.48
-18.28
-4.34
-8.12
-16.46
-3.38
-6.74
-5.61
-4.63
-6.64
-4.81
-10.10
-5.56
-5.90
Current Ratio
4.49
4.09
2.88
2.78
3.89
2.45
4.06
3.16
4.31
4.23
3.96
4.27
4.21
4.07
Quick Ratio
2.89
2.65
2.00
1.76
2.87
1.48
3.08
1.65
3.36
3.35
2.78
2.98
2.95
2.90
Debt/Equity Ratio
2.97
-17.04
-4.80
-8.12
-15.65
-3.99
-7.12
-5.84
-5.04
-6.87
-5.26
-9.98
-5.95
-6.24
Interest Coverage Ratio
3.54
3.17
2.90
2.69
2.83
2.52
2.61
2.20
1.90
1.68
2.10
2.52
2.17
3.84
Working Capital/Sales
0.35
0.36
0.34
0.39
0.41
0.41
0.44
0.37
0.35
0.35
0.40
0.42
1.29
1.20
Dividend Payout Ratio %
0.60%
325.42%
200.05%
0.39%
0.31%
224.02%
3.90%
111.43%
157.60%
4.88%
61.20%
1.53%
8.47%
264.93%
Total Payout
$-282.38
168.31
354.05
-170.91
1489.42
2013.83
-461.45
-1394.93
-318.00
1078.00
3203.00
4660.00
332.00
136.00
-59.04%Payout Ratio %
-51.28%
27.50%
48.80%
-19.89%
154.31%
174.75%
-32.09%
-90.78%
-25.99%
72.12%
179.68%
187.89%
73.96%
17.68%