Axon Enterprise, Inc. (AXON) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

Swipe to see the full flow
Axon Enterprise, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $377,034,000.00Stock-based compensation → Operating adjustments reconciliation: $382,604,000.00Deferred revenue → Operating adjustments reconciliation: $155,641,000.00Accounts payable, accrued and other liabilities → Operating adjustments reconciliation: $54,519,000.00Depreciation and amortization → Operating adjustments reconciliation: $48,425,000.00Other noncash items → Operating adjustments reconciliation: $21,177,000.00Provision for bad debts and inventory → Operating adjustments reconciliation: $20,073,000.00Inventory → Operating adjustments reconciliation: $607,000.00Operating adjustments reconciliation → Net cash from operating activities: $31,278,000.00Operating adjustments reconciliation → (Gain) loss on strategic investments and marketable securities, net: $283,217,000.00Operating adjustments reconciliation → Receivables and contract assets: $245,842,000.00Operating adjustments reconciliation → Deferred income taxes: $85,096,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $37,613,000.00Proceeds from call, maturity, and sale of investments → investing reconciliation: $1,003,394,000.00Other, net → investing reconciliation: $54,000.00investing reconciliation → Purchases of investments: $793,419,000.00investing reconciliation → Business combinations, net of cash acquired: $621,817,000.00investing reconciliation → Purchases of property and equipment: $78,785,000.00Net cash used in financing activities → financing reconciliation: $45,437,000.00Proceeds from options exercised → financing reconciliation: $14,576,000.00financing reconciliation → Income and payroll tax payments for net-settled stock awards: $58,178,000.00financing reconciliation → Other, net: $1,835,000.00Net cash used in investing activities → investing reconciliation: $490,573,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $600,670,000.00Net cash from operating activities → Cash sources and uses: $408,312,000.00Cash sources and uses → Exchange-rate effect: $6,209,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $466,763,000.00Cash sources and uses → Net cash used in investing activities: $490,573,000.00Cash sources and uses → Net cash used in financing activities: $45,437,000.00Deferred revenue: $155,641,000.00Deferred revenue+$155.64 MAccounts payable, accrued and other liabilities: $54,519,000.00Payables & accrued liabilities+$54.52 MOther noncash items: $21,177,000.00Other non-cash expenses+$21.18 MStock-based compensation: $382,604,000.00Stock-based compensation+$382.60 MDepreciation and amortization: $48,425,000.00Depreciation & amortization+$48.43 MProvision for bad debts and inventory: $20,073,000.00Bad debt & inventory provision+$20.07 MInventory: $607,000.00Inventories+$607.00 KPrepaid expenses and other assets: -$37,613,000.00Prepaid & other assets−$37.61 MDeferred income taxes: -$85,096,000.00Deferred income taxes−$85.10 MReceivables and contract assets: -$245,842,000.00Accounts & notes receivable−$245.84 MNet income: $377,034,000.00Net income+$377.03 M(Gain) loss on strategic investments and marketable securities, net: -$283,217,000.00Investment gain & loss−$283.22 MNet cash from operating activities: $408,312,000.00Operating cash+$408.31 MOperating adjustments reconciliation: $683,046,000.00Net proceeds from equity offering: $0.00Other, net: -$1,835,000.00Other financing, net−$1.84 MNet proceeds from issuance of convertible senior notes: $0.00Proceeds from issuance of warrants: $0.00Proceeds from options exercised: $14,576,000.00Stock option exercises+$14.58 MIncome and payroll tax payments for net-settled stock awards: -$58,178,000.00Stock-award tax withholding−$58.18 MPurchase of convertible note hedge: $0.00Net cash used in financing activities: -$45,437,000.00. Cash required to fund net payments.Financing cash−$45.44 Mfinancing reconciliation: $60,013,000.00Purchases of property and equipment: -$78,785,000.00PP&E purchases−$78.79 MOther, net: $54,000.00Other investing, net+$54.00 KBusiness combinations, net of cash acquired: -$621,817,000.00Acquisitions, net of cash−$621.82 MProceeds from call, maturity, and sale of investments: $1,003,394,000.00Marketable securities proceeds+$1.00 BPurchases of investments: -$793,419,000.00Investment purchases−$793.42 MNet cash used in investing activities: -$490,573,000.00. Cash required to fund net payments.Investing cash−$490.57 Minvesting reconciliation: $1,494,021,000.00Cash sources and uses: $1,008,982,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $600,670,000.00Beginning cash$600.67 MEnding cash: Cash, cash equivalents, and restricted cash: $466,763,000.00Ending cash$466.76 MExchange-rate effect: -$6,209,000.00FX effect−$6.21 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$329.53 MOperating cash − cash spent on PP&ECash flow / Net income1.08×Operating cash flow ÷ net incomeNet cash change−$133.91 MEnding cash − beginning cash
Chart details

Axon Enterprise, Inc. cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
600,670,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
408,312,000 US dollars. Net cash provided.
Deferred revenue
155,641,000 US dollars
Accounts payable, accrued and other liabilities
54,519,000 US dollars
Other noncash items
21,177,000 US dollars
Stock-based compensation
382,604,000 US dollars
Depreciation and amortization
48,425,000 US dollars
Provision for bad debts and inventory
20,073,000 US dollars
Inventory
607,000 US dollars
Prepaid expenses and other assets
negative 37,613,000 US dollars
Deferred income taxes
negative 85,096,000 US dollars
Receivables and contract assets
negative 245,842,000 US dollars
Net income
377,034,000 US dollars
(Gain) loss on strategic investments and marketable securities, net
negative 283,217,000 US dollars
Investing activities
negative 490,573,000 US dollars. Net cash used.
Purchases of property and equipment
negative 78,785,000 US dollars
Other, net
54,000 US dollars
Business combinations, net of cash acquired
negative 621,817,000 US dollars
Proceeds from call, maturity, and sale of investments
1,003,394,000 US dollars
Purchases of investments
negative 793,419,000 US dollars
Financing activities
negative 45,437,000 US dollars. Net cash used.
Net proceeds from equity offering
0 US dollars
Other, net
negative 1,835,000 US dollars
Net proceeds from issuance of convertible senior notes
0 US dollars
Proceeds from issuance of warrants
0 US dollars
Proceeds from options exercised
14,576,000 US dollars
Income and payroll tax payments for net-settled stock awards
negative 58,178,000 US dollars
Purchase of convertible note hedge
0 US dollars
Operating adjustment reconciliation
683,046,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
60,013,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,494,021,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 6,209,000 US dollars
Ending cash on Dec 31, 2024
466,763,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,008,982,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 133,907,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.08×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
408,312,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
78,785,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
329,527,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $31.28M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 408,312,000 US dollars minus 78,785,000 US dollars equals 329,527,000 US dollars.
Axon Enterprise, Inc. (AXON) FY2024 Annual Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!