← AXON ENTERPRISE, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $17.3m | $5.2m | $29.2m | $882k | ($1.7m) | ($60.0m) | $147.1m | $174.2m | $377.0m | $124.7m | — | |
| Depreciation, Depletion and Amortization | $3.7m | $8.0m | $10.6m | $11.4m | $12.5m | $18.7m | $24.4m | $32.6m | $48.4m | $83.2m | $109.4m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | $198k | $3.1m | — | — | — | |
| Amortization of Intangible Assets | $900k | $4.7m | $5.7m | $3.5m | $3.3m | $2.9m | $4.0m | $4.5m | $17.4m | $29.8m | — | |
| Depreciation | $2.5m | $3.4m | $4.9m | $7.9m | $9.2m | $15.8m | $20.4m | $28.1m | $39.4m | $57.0m | $109.4m | |
| Deferred Income Tax Expense (Benefit) | ($5.2m) | $2.8m | ($3.6m) | ($8.0m) | ($16.5m) | ($81.3m) | $22.1m | ($73.0m) | ($85.1m) | ($82.7m) | ($1.2m) | |
| Share-based Payment Arrangement, Noncash Expense | $9.4m | $15.6m | $21.9m | $78.5m | $133.6m | $303.3m | $106.2m | $131.4m | $382.6m | $634.2m | $633.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.8m | $3.5m | $14.1m | $4.1m | $7.8m | $331.3m | $4.9m | $107.9m | $58.2m | $351.0m | — | |
| Share-based Payment Arrangement, Expense | — | — | $3.3m | $37.4m | $93.8m | $230.3m | $243.9m | $246.0m | — | — | $633.4m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $0 | — | — | — | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | ($5.0m) | $2.0m | — | |
| Goodwill and Intangible Asset Impairment | $0 | $1.0m | $2.0m | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $0 | $0 | $0 | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | ($41.9m) | $286.4m | $99.9m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Inventories | $18.7m | $11.7m | ($14.8m) | $4.9m | $52.2m | $18.3m | $96.0m | $71.9m | ($607k) | $82.0m | ($179.0m) | |
| Inventory Write-down | — | — | — | — | — | — | — | — | $17.8m | $4.1m | — | |
| Net Cash Provided by (Used in) Operating Activities | $17.9m |
$18.5m
+3.15%
|
$63.9m
+245.46%
|
$65.7m
+2.81%
|
$38.5m
-41.41%
|
$124.5m
+223.52%
|
$235.4m
+89.05%
|
$189.3m
-19.59%
|
$408.3m
+115.74%
|
$211.3m
-48.24%
|
$265.8m
+25.77%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $5.0m | $10.4m | $11.1m | $15.9m | $72.6m | $49.9m | $55.8m | $59.6m | $78.8m | $136.3m | ($132.6m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($42k) | $28k | ($303k) | ($2.5m) | ($1.7m) | ($92k) | ($5.5m) | — | — | — | ($226.1m) | |
| Gain (Loss) on Investments | — | — | — | — | — | $23.0m | $98.9m | ($41.8m) | $283.2m | $140.0m | ($226.1m) | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | — | ($17.8m) | ($32.9m) | $38.7m | $120.3m | ($140.0m) | — | |
| Payments to Acquire Investments | $56.1m | $19.9m | $4.3m | $354.5m | $656.5m | $362.5m | $764.4m | $546.0m | $793.4m | $2.1b | ($585.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $3.5m | $10.6m | $5.0m | $0 | — | $22.4m | $2.1m | $21.1m | $621.8m | $646.9m | ($1.2b) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | ($54k) | $49k | — | |
| Net Cash Provided by (Used in) Investing Activities | ($3.0m) | $19.1m | ($9.9m) | ($240.7m) | ($356.5m) | $252.6m | ($831.0m) | $12.5m | ($490.6m) | ($724.9m) | ($101.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $75k | $0 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | — | ($38.9m) | — | |
| Payments for Repurchase of Common Stock | $33.7m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | $234.0m | $0 | $306.8m | $105.5m | — | — | — | — | $406.1m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | ($1.8m) | ($224k) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($34.7m) |
($3.9m)
+88.88%
|
$219.3m
+5791.44%
|
($3.9m)
-101.79%
|
$299.3m
+7701.35%
|
($174.2m)
-158.20%
|
$598.1m
+443.38%
|
$41.3m
-93.09%
|
($45.4m)
-209.98%
|
$1.3b
+2856.49%
|
($179.0m)
-114.29%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $906k | $736k | $272.6m | ($178.7m) | ($16.8m) | $200.9m | ($886k) | $245.1m | ($133.9m) | $746.6m | $612.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $59.5m | $44.0m | $351.0m | $172.4m | $155.6m | $356.4m | $355.6m | $600.7m | $466.8m | $1.2b | $612.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $736k | ($774k) | $329k | $2.0m | ($2.0m) | ($3.4m) | $2.1m | ($6.2m) | $7.8m | ($2.7m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | $0 | $3.5m | $3.5m | $57.2m | — | |
| Income Taxes Paid, Net | $14.0m | $11.5m | $10.6m | $3.7m | $10.9m | $5.1m | $10.5m | $64.5m | $67.8m | $51.1m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | ($23.0m) | ($98.9m) | $41.8m | ($283.2m) | ($40.4m) | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | ($23.0m) | ($98.9m) | $41.8m | ($283.2m) | ($6.0m) | — | |
| Gain (Loss) on Disposition of Intangible Assets | ($21k) | ($1.1m) | ($2.1m) | ($67k) | ($320k) | ($146k) | ($110k) | — | — | — | — | |
| Goodwill | $10.4m | $14.9m | $25.0m | $25.0m | $25.2m | $43.6m | $45.0m | $57.9m | $756.8m | $1.4b | $0 | |
| Income Tax Expense (Benefit) | $14.2m | $10.6m | ($1.1m) | $1.2m | ($4.6m) | ($81.4m) | $49.4m | ($19.2m) | $4.5m | ($105.7m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $94.2m | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $75.4m | — | |
| Operating Expenses | $138.7m | $194.1m | $233.7m | $313.7m | $430.5m | $709.0m | $635.4m | $800.6m | $1.2b | $1.7b | — | |
| Proceeds from Stock Options Exercised | $478k | $1.4m | $1.8m | $114k | $295k | $51.6m | $0 | $54.5m | $14.6m | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.