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

- Company: Axon Enterprise, Inc. (AXON)
- Period: 2024-07-01 to 2024-09-30
- Filing: Q3 FY2024 10-Q, filed 2024-11-08, accession number 0001069183-24-000061
- Page: https://plicit.ai/financials/axon/fy2024-q3-cash-flow
- Chart image: https://plicit.ai/charts/axon-fy2024-q3-cash-flow-sankey.png

## Chart details

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.