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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

Swipe to see the full flow
Axon Enterprise, Inc. cash flow reconciliation, Jan 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. 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: $158,146,000.00Net income → Operating adjustments reconciliation: $83,704,000.00Stock-based compensation → Operating adjustments reconciliation: $251,716,000.00Deferred revenue → Operating adjustments reconciliation: $56,720,000.00Depreciation and amortization → Operating adjustments reconciliation: $30,745,000.00Provision for bad debts and inventory → Operating adjustments reconciliation: $13,824,000.00Other noncash items → Operating adjustments reconciliation: $13,183,000.00Accounts payable, accrued and other liabilities → Operating adjustments reconciliation: $10,243,000.00Operating adjustments reconciliation → Receivables and contract assets: $226,759,000.00Operating adjustments reconciliation → (Gain) loss on strategic investments and marketable securities, net: $192,158,000.00Operating adjustments reconciliation → Deferred income taxes: $27,061,000.00Operating adjustments reconciliation → Inventory: $11,629,000.00Operating adjustments reconciliation → Other, net: $2,528,000.00Proceeds from call, maturity, and sale of investments → investing reconciliation: $858,326,000.00Other, net → investing reconciliation: $34,000.00investing reconciliation → Purchases of investments: $615,414,000.00investing reconciliation → Business acquisitions, net of cash acquired: $237,796,000.00investing reconciliation → Proceeds from call, maturity, and sale of investments: $53,984,000.00Net cash used in financing activities → financing reconciliation: $12,608,000.00Proceeds from options exercised → financing reconciliation: $9,717,000.00financing reconciliation → Income and payroll tax payments for net-settled stock awards: $22,325,000.00Net cash used in investing activities → investing reconciliation: $48,834,000.00Exchange-rate effect → Cash sources and uses: $75,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $600,670,000.00Net cash from operating activities → Cash sources and uses: $158,146,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $697,449,000.00Cash sources and uses → Net cash used in investing activities: $48,834,000.00Cash sources and uses → Net cash used in financing activities: $12,608,000.00Other noncash items: $13,183,000.00Other non-cash expenses+$13.18 MProvision for bad debts and inventory: $13,824,000.00Loan & lease loss provision+$13.82 M(Gain) loss on strategic investments and marketable securities, net: -$192,158,000.00Investment gain & loss−$192.16 MDeferred income taxes: -$27,061,000.00Deferred income taxes−$27.06 MReceivables and contract assets: -$226,759,000.00Accounts & notes receivable−$226.76 MOther, net: -$2,528,000.00Other operating assets−$2.53 MNet income: $241,850,000.00Net income+$241.85 MDepreciation and amortization: $30,745,000.00Depreciation & amortization+$30.75 MAccounts payable, accrued and other liabilities: $10,243,000.00Payables & accrued liabilities+$10.24 MDeferred revenue: $56,720,000.00Deferred revenue+$56.72 MInventory: -$11,629,000.00Inventories−$11.63 MStock-based compensation: $251,716,000.00Stock-based compensation+$251.72 MNet cash from operating activities: $158,146,000.00Operating cash+$158.15 MOperating adjustments reconciliation: $460,135,000.00Proceeds 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: -$22,325,000.00Stock-award tax withholding−$22.33 MNet cash used in financing activities: -$12,608,000.00. Cash required to fund net payments.Financing cash−$12.61 Mfinancing reconciliation: $22,325,000.00Proceeds from call, maturity, and sale of investments: $858,326,000.00Marketable securities proceeds+$858.33 MBusiness acquisitions, net of cash acquired: -$237,796,000.00Acquisitions, net of cash−$237.80 MOther, net: $34,000.00Other investing, net+$34.00 KPurchases of investments: -$615,414,000.00Investment purchases−$615.41 MProceeds from call, maturity, and sale of investments: -$53,984,000.00PP&E purchases−$53.98 MNet cash used in investing activities: -$48,834,000.00. Cash required to fund net payments.Investing cash−$48.83 Minvesting reconciliation: $907,194,000.00Cash sources and uses: $758,891,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $600,670,000.00Beginning cash$600.67 MEnding cash: Cash, cash equivalents, and restricted cash: $697,449,000.00Ending cash$697.45 MExchange-rate effect: $75,000.00FX effect+$75.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$104.16 MOperating cash − cash spent on PP&ECash flow / Net income0.65×Operating cash flow ÷ net incomeNet cash change+$96.78 MEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. 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 Dec 31, 2023
600,670,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
158,146,000 US dollars. Net cash provided.
Net income
241,850,000 US dollars
Other noncash items
13,183,000 US dollars
Provision for bad debts and inventory
13,824,000 US dollars
(Gain) loss on strategic investments and marketable securities, net
negative 192,158,000 US dollars
Deferred income taxes
negative 27,061,000 US dollars
Receivables and contract assets
negative 226,759,000 US dollars
Other, net
negative 2,528,000 US dollars
Depreciation and amortization
30,745,000 US dollars
Accounts payable, accrued and other liabilities
10,243,000 US dollars
Deferred revenue
56,720,000 US dollars
Inventory
negative 11,629,000 US dollars
Stock-based compensation
251,716,000 US dollars
Investing activities
negative 48,834,000 US dollars. Net cash used.
Proceeds from call, maturity, and sale of investments
858,326,000 US dollars
Business acquisitions, net of cash acquired
negative 237,796,000 US dollars
Other, net
34,000 US dollars
Purchases of investments
negative 615,414,000 US dollars
Proceeds from call, maturity, and sale of investments
negative 53,984,000 US dollars
Financing activities
negative 12,608,000 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 22,325,000 US dollars
Operating adjustment reconciliation
460,135,000 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
22,325,000 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
907,194,000 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
75,000 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
758,891,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
96,779,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.65×. 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
158,146,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
53,984,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
104,162,000 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 exceeds operating cash. The diagram allocates $158.15M of net income directly to operating cash and $83.70M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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: 158,146,000 US dollars minus 53,984,000 US dollars equals 104,162,000 US dollars.
Axon Enterprise, Inc. (AXON) FY2024 YTD Q3 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!