Axon Enterprise, Inc. (AXON) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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Axon Enterprise, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 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. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. 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: $67,835,000.00Stock-based compensation → Operating adjustments reconciliation: $101,780,000.00Deferred revenue → Operating adjustments reconciliation: $68,787,000.00Remaining operating cash flows, net (calculated) → Operating adjustments reconciliation: $60,243,000.00Accounts payable, accrued and other liabilities → Operating adjustments reconciliation: $53,314,000.00Other noncash items → Operating adjustments reconciliation: $9,018,000.00Depreciation and amortization → Operating adjustments reconciliation: $6,181,000.00Operating adjustments reconciliation → Net cash from operating activities: $23,486,000.00Operating adjustments reconciliation → Receivables and contract assets: $166,246,000.00Operating adjustments reconciliation → (Gain) loss on strategic investments and marketable securities, net: $86,772,000.00Operating adjustments reconciliation → Deferred income taxes: $19,306,000.00Operating adjustments reconciliation → Inventory: $3,513,000.00Proceeds from call, maturity, and sale of investments → investing reconciliation: $193,968,000.00Remaining investing cash flows, net (calculated) → investing reconciliation: $76,628,000.00investing reconciliation → Net cash from investing activities: $43,071,000.00investing reconciliation → Purchases of investments: $201,053,000.00investing reconciliation → Proceeds from call, maturity, and sale of investments: $26,472,000.00Net cash used in financing activities → financing reconciliation: $7,713,000.00Proceeds from options exercised → financing reconciliation: $9,717,000.00financing reconciliation → Income and payroll tax payments for net-settled stock awards: $17,430,000.00Exchange-rate effect → Cash sources and uses: $2,161,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $568,609,000.00Net cash from operating activities → Cash sources and uses: $91,321,000.00Net cash from investing activities → Cash sources and uses: $43,071,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $697,449,000.00Cash sources and uses → Net cash used in financing activities: $7,713,000.00Other noncash items: $9,018,000.00Other non-cash expenses+$9.02 M(Gain) loss on strategic investments and marketable securities, net: -$86,772,000.00Investment gain & loss−$86.77 MDeferred income taxes: -$19,306,000.00Deferred income taxes−$19.31 MReceivables and contract assets: -$166,246,000.00Accounts & notes receivable−$166.25 MNet income: $67,835,000.00Net income+$67.84 MDepreciation and amortization: $6,181,000.00Depreciation & amortization+$6.18 MAccounts payable, accrued and other liabilities: $53,314,000.00Payables & accrued liabilities+$53.31 MDeferred revenue: $68,787,000.00Deferred revenue+$68.79 MInventory: -$3,513,000.00Inventories−$3.51 MStock-based compensation: $101,780,000.00Stock-based compensation+$101.78 MRemaining operating cash flows, net (calculated): $60,243,000.00Remaining operating (calculated)+$60.24 MNet cash from operating activities: $91,321,000.00Operating cash+$91.32 MOperating adjustments reconciliation: $299,323,000.00Proceeds from options exercised: $9,717,000.00Stock option exercises+$9.72 MNet proceeds from equity offering: $0.00Income and payroll tax payments for net-settled stock awards: -$17,430,000.00Stock-award tax withholding−$17.43 MNet cash used in financing activities: -$7,713,000.00. Cash required to fund net payments.Financing cash−$7.71 Mfinancing reconciliation: $17,430,000.00Proceeds from call, maturity, and sale of investments: $193,968,000.00Marketable securities proceeds+$193.97 MBusiness acquisitions, net of cash acquired: -$0.00Purchases of investments: -$201,053,000.00Investment purchases−$201.05 MProceeds from call, maturity, and sale of investments: -$26,472,000.00PP&E purchases−$26.47 MRemaining investing cash flows, net (calculated): $76,628,000.00Remaining investing (calculated)+$76.63 MNet cash from investing activities: $43,071,000.00Investing cash+$43.07 Minvesting reconciliation: $270,596,000.00Cash sources and uses: $705,162,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $568,609,000.00Beginning cash$568.61 MEnding cash: Cash, cash equivalents, and restricted cash: $697,449,000.00Ending cash$697.45 MExchange-rate effect: $2,161,000.00FX effect+$2.16 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$64.85 MOperating cash − cash spent on PP&ECash flow / Net income1.35×Operating cash flow ÷ net incomeNet cash change+$128.84 MEnding cash − beginning cash
Chart details

Axon Enterprise, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
568,609,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
91,321,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Realized gain on remeasurement of previously held minority interest, net, Prepaid expenses and other assets, Noncash lease expense, Unrecognized tax benefits, Bond amortization and Amortization of debt issuance costs), so Other, net and Provision for bad debts and inventory cannot be separated for this quarter. It may combine inflows and outflows.
Net income
67,835,000 US dollars
Other noncash items
9,018,000 US dollars
(Gain) loss on strategic investments and marketable securities, net
negative 86,772,000 US dollars
Deferred income taxes
negative 19,306,000 US dollars
Receivables and contract assets
negative 166,246,000 US dollars
Depreciation and amortization
6,181,000 US dollars
Accounts payable, accrued and other liabilities
53,314,000 US dollars
Deferred revenue
68,787,000 US dollars
Inventory
negative 3,513,000 US dollars
Stock-based compensation
101,780,000 US dollars
Remaining operating cash flows, net (calculated)
60,243,000 US dollars
Investing activities
43,071,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Strategic investments and Proceeds from disposal of property and equipment), so Other, net cannot be separated for this quarter. It may combine inflows and outflows.
Proceeds from call, maturity, and sale of investments
193,968,000 US dollars
Business acquisitions, net of cash acquired
0 US dollars
Purchases of investments
negative 201,053,000 US dollars
Proceeds from call, maturity, and sale of investments
negative 26,472,000 US dollars
Remaining investing cash flows, net (calculated)
76,628,000 US dollars
Financing activities
negative 7,713,000 US dollars. Net cash used.
Proceeds from options exercised
9,717,000 US dollars
Net proceeds from equity offering
0 US dollars
Income and payroll tax payments for net-settled stock awards
negative 17,430,000 US dollars
Operating adjustment reconciliation
299,323,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
17,430,000 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 displayed reconciliation
270,596,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
2,161,000 US dollars
Ending cash on Sep 30, 2024
697,449,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
705,162,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
128,840,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.35×. 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
91,321,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
26,472,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
64,849,000 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 $23.49M 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.
  • Cash-flow net income is $67.84 M, derived by subtracting the earlier cumulative period; the income statement reports $67.03 M for the same period. The difference is $810.00 K. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 91,321,000 US dollars minus 26,472,000 US dollars equals 64,849,000 US dollars.
  • Cash-flow net income is $67.84 M, derived by subtracting the earlier cumulative period; the income statement reports $67.03 M for the same period. The difference is $810.00 K. Neither amount has been adjusted.
Axon Enterprise, Inc. (AXON) FY2024 Q3 Statement of Cash Flows Sankey chart
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