Axon Enterprise, Inc. (AXON) FY2025 Q1 Statement of Cash Flows
2025-01-01 to 2025-03-31
Statement of Cash Flows
2025-01-01 to 2025-03-31
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Chart details
Axon Enterprise, Inc. cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025
Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2024
- 466,763,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 25,794,000 US dollars. Net cash provided.
- Net income
- 87,980,000 US dollars
- Stock-based compensation
- 140,239,000 US dollars
- Deferred income taxes
- negative 48,768,000 US dollars
- Receivables and contract assets
- negative 73,565,000 US dollars
- Accounts payable, accrued and other liabilities
- 8,611,000 US dollars
- Gain on strategic investments and marketable securities, net
- negative 143,921,000 US dollars
- Inventory
- negative 16,986,000 US dollars
- Other noncash items
- 9,515,000 US dollars
- Deferred revenue
- 33,505,000 US dollars
- Provision for bad debts and inventory
- 3,800,000 US dollars
- Depreciation and amortization
- 19,453,000 US dollars
- Prepaid expenses and other assets
- negative 22,735,000 US dollars
- Debt inducement expense
- 28,666,000 US dollars
- Investing activities
- negative 702,217,000 US dollars. Net cash used.
- Proceeds from call, maturity, and sale of investments
- 401,811,000 US dollars
- Business combinations, net of cash acquired
- 0 US dollars
- Other, net
- 3,000 US dollars
- Purchases of investments
- negative 1,079,169,000 US dollars
- Purchases of property and equipment
- negative 24,862,000 US dollars
- Financing activities
- 1,313,226,000 US dollars. Net cash provided.
- Proceeds from issuance of notes
- 1,750,000,000 US dollars
- Income and payroll tax payments for net-settled stock awards
- negative 5,035,000 US dollars
- Other, net
- negative 76,000 US dollars
- Principal payments for induced conversion of convertible debt
- negative 407,453,000 US dollars
- Payments to third-parties for debt issuance, amendment and repurchase activity
- negative 24,210,000 US dollars
- Operating adjustment reconciliation
- 305,975,000 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
- 1,750,000,000 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
- 1,104,031,000 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
- 1,192,000 US dollars
- Ending cash on Mar 31, 2025
- 1,104,758,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 1,806,975,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 637,995,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 0.29×. 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
- 25,794,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 24,862,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 932,000 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 $25.79M of net income directly to operating cash and $62.19M 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: 25,794,000 US dollars minus 24,862,000 US dollars equals 932,000 US dollars.
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