TransDigm Group INC

Listed Company

TDGCIK 0001260221NYSELarge AcceleratedAircraft Parts & Auxiliary Equipment, NecDelawareFY ends Sep 30

Period

FY 2025

Revenue

$8.83B

Net Income

$2.07B

Total Assets

$22.91B

Equity

$-9.69B

Shares Out

56.47M

Op. Cash Flow

$2.04B

Business

TransDigm Group INC designs, produces and supplies highly engineered aircraft components critical to the safe and effective operation of commercial and military aircraft worldwide. It offers proprietary aerospace components and systems, including actuators, pumps, valves, ignition and engine technologies, power and avionics components, cockpit security systems, seatbelts, parachutes, specialized test equipment and non-aviation products for transportation and energy markets. The company operates three reporting segments: Power & Control, Airframe and Non‑aviation. Its products serve OEM and aftermarket channels across commercial, regional, business jet, general aviation and defense customers globally.

Summary from filing dated 2025-11-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
NET SALES	8,831	7,940	6,585	5,429	4,798
COST OF SALES	3,520	3,268	2,743	2,330	2,285
GROSS PROFIT	5,311	4,672	3,842	3,099	2,513
SELLING AND ADMINISTRATIVE EXPENSES	945	980	780	748	685
AMORTIZATION OF INTANGIBLE ASSETS	201	161	139	136	137
INCOME FROM OPERATIONS	4,165	3,531	2,923	2,215	1,691
INTEREST EXPENSENET	1,572	1,286	1,164	1,076	1,059
REFINANCING COSTS	11	58	56	1	37
OTHER INCOME	−47	−28	−13	11	−51
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	2,629	2,215	1,716	1,127	715
INCOME TAX PROVISION	555	500	417	261	34
Net income	2,074	1,715	1,299	867	681
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS	0	−1	−1	−1	−1
NET INCOME ATTRIBUTABLE TO TD GROUP	2,074	1,714	1,298	866	680
NET INCOME APPLICABLE TO TD GROUP COMMON STOCKHOLDERS	1,866	1,481	1,260	780	607
Earnings per share from continuing operations - basic (in usd per share)	32.08	25.62	22.03	13.38	10.41
Earnings per share from continuing operations - diluted (in usd per share)	32.08	25.62	22.03	13.38	10.41
Cash dividends declared per common share (in usd per share)	90	110	0	18.5	—
Weighted-average shares outstanding - basic (in shares)	58	58	57	58	58
Weighted-average shares outstanding - diluted (in shares)	58	58	57	58	58

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	2,808	6,261	3,472	3,001	4,787
Trade accounts receivableNet	1,617	1,381	1,230	967	791
InventoriesNet	2,095	1,876	1,616	1,332	1,185
Prepaid expenses and other	492	511	420	349	267
Total current assets	7,012	10,029	6,738	5,649	7,030
PROPERTY, PLANT AND EQUIPMENTNET	1,579	1,488	1,255	807	770
GOODWILL	10,612	10,419	8,988	8,641	8,568
OTHER INTANGIBLE ASSETSNET	3,454	3,446	2,747	2,750	2,791
OTHER NON-CURRENT ASSETS	252	204	242	260	156
TOTAL ASSETS	22,909	25,586	19,970	18,107	19,315
Current portion of long-term debt	124	98	71	76	277
Short-term borrowingstrade receivable securitization facility	724	486	349	350	349
Accounts payable	368	323	305	279	227
Dividends payable	0	4,216	0	—	—
Accrued and other current liabilities	966	1,216	854	721	810
Total current liabilities	2,182	6,339	1,579	1,426	1,663
LONG-TERM DEBT	29,167	24,296	19,330	19,369	19,372
DEFERRED INCOME TAXES	759	766	627	596	485
OTHER NON-CURRENT LIABILITIES	480	468	412	482	705
Total liabilities	32,588	31,869	21,948	21,873	22,225
Common stock - $.01 par value; authorized 224,400,000 shares; issued 62,465,317 and 61,904,833 at September 30, 2025 and September 30, 2024, respectively	1	1	1	1	1
Additional paid-in capital	3,135	2,819	2,440	2,113	1,830
Accumulated deficit	−10,606	−7,362	−2,621	−3,914	−3,705
Accumulated other comprehensive loss	−10	−42	−98	−267	−248
Treasury stock, at cost; 6,089,675 and 5,688,639 shares at September 30, 2025 and September 30, 2024, respectively	−2,206	−1,706	−1,706	−1,706	−794
Total TD Group stockholders deficit	−9,686	−6,290	−1,984	−3,773	−2,916
NONCONTROLLING INTERESTS	7	7	6	7	6
Total stockholders deficit	−9,679	−6,283	−1,978	−3,766	−2,910
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	22,909	25,586	19,970	18,107	19,315

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation	163	149	129	116	115
Amortization of intangible assets and product certification costs	204	163	139	137	138
Amortization of debt issuance costs, original issue discount and premium	38	40	41	34	34
Amortization of inventory step-up	10	21	2	3	6
Amortization of loss contract reserves	−51	−35	−34	−39	−55
Refinancing costs	11	58	56	1	37
Gain on sale of businesses, net	−10	−11	0	−7	—
Non-cash stock and deferred compensation expense	157	217	157	184	129
Deferred income taxes	−10	10	3	−22	34
Foreign currency exchange losses	10	20	14	−40	11
Gain on settlement of the Esterline Retirement Plan (the ERP)	0	0	−9	22	0
Cash refund for the ERP settlement, net	0	0	9	−16	0
Trade accounts receivable	−212	−84	−212	−190	−78
Inventories	−156	−104	−261	−134	79
Income taxes (receivable) payable	−94	−62	168	58	−63
Other assets	−55	−60	−44	−56	−33
Accounts payable	38	−11	12	58	3
Accrued interest	23	60	−45	−21	14
Accrued and other liabilities	−102	−41	−49	−6	−46
Net cash provided by operating activities	2,038	2,045	1,375	948	913
Capital expenditures	−222	−165	−139	−119	−105
Acquisition of businesses, net of cash acquired	−419	−2,347	−762	−437	−963
Other investing transactions, net	46	71	1	3	—
Net cash used in investing activities	−595	−2,441	−900	−553	−785
Proceeds from exercise of stock options	166	245	215	132	128
Dividends and dividend equivalent payments	−9,629	−2,038	−38	−1,091	−73
Repurchases of common stock	−500	0	0	−912	0
Proceeds from issuance of senior secured notes, net	494	7,373	3,504	0	0
Repayments of senior secured notes	0	−4,400	−1,122	0	0
Proceeds from issuance of senior subordinated notes, net	4,598	0	0	—	—
Repayments of senior subordinated notes, net	−2,650	−550	−1,459	0	−1,982
Proceeds from trade receivable securitization facility, net	238	137	0	0	0
Proceeds from term loans, net	6,015	6,815	6,238	0	0
Repayment on term loans	3,622	4,403	7,334	75	75
Financing costs and other, net	−10	−8	−20	−2	0
Net cash (used in) provided by financing activities	−4,900	3,171	−16	−2,148	−70
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	4	14	12	−33	12
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	−3,453	2,789	471	−1,786	70
Cash paid during the period for interest, net	1,481	1,158	1,160	1,057	1,008
Cash paid during the period for income taxes, net of refunds	640	539	260	220	83

Filings

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