Axon Enterprise, Inc. (AXON) Financial Statements (2024 and earlier)

Company Profile

Business Address 17800 N. 85TH ST.
SCOTTSDALE, AZ 85255
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 348 - Ordnance And Accessories, Except Vehicles And Guided Missiles (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments935,453370,842561,965350,784349,46281,967
Cash and cash equivalents353,684356,332155,440172,250349,46275,105
Short-term investments581,76914,510406,525178,534 6,862
Receivables367,090334,719247,801166,578147,87956,064
Inventory, net of allowances, customer advances and progress billings202,471108,68889,95838,84533,76345,465
Inventory202,471108,68889,95838,84533,76345,465
Contract with customer, asset, after allowance for credit loss196,902180,42163,94547,71813,960
Capitalized contract cost29,40519,96213,3169,6237,062
Other undisclosed current assets73,95794,8584,9675,5436,02921,696
Total current assets:1,805,2781,109,490981,952619,091558,155205,192
Noncurrent Assets
Property, plant and equipment169,843138,457105,49443,77037,89331,172
Long-term investments and receivables161,41742,488113,13877,09740,23036,877
Long-term investments 156,20731,23290,68145,499  
Accounts and financing receivable, after allowance for credit loss5,21011,25622,45731,59840,23036,877
Intangible assets, net (including goodwill)57,14159,06234,65337,78440,91633,750
Goodwill44,98343,59225,20525,01324,98114,927
Intangible assets, net (excluding goodwill)12,15815,4709,44812,77115,93518,823
Contract with customer, asset, after allowance for credit loss45,17029,75320,099  
Deferred income tax assets156,866127,19345,77027,688
Other noncurrent assets159,61698,24779,91740,20922,99915,366
Other undisclosed noncurrent assets296,56383,520  19,34715,755
Total noncurrent assets:1,046,616578,720399,071226,548161,385132,920
TOTAL ASSETS:2,851,8941,688,2101,381,023845,639719,540338,112
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities215,852135,92783,98570,87556,25632,094
Accounts payable59,91832,22024,14225,87415,1648,592
Accrued liabilities155,934103,70759,84345,00141,09223,502
Deferred revenue360,037265,591163,959117,864
Business combination, contingent consideration, liability      1,693
Other liabilities6,3586,5405,4313,8533789
Deferred revenue and credits70,401
Customer advances and deposits3,673
Contract with customer, liability107,016
Other undisclosed current liabilities20,39910,4632,9562,9742,702 
Total current liabilities:602,646418,521256,331195,566166,011107,950
Noncurrent Liabilities
Long-term debt and lease obligation673,967     
Long-term debt, excluding current maturities673,967     
Liabilities, other than long-term debt306,790221,840148,437102,74683,35661,012
Deferred revenue and credits54,881
Deferred revenue248,003185,721111,22287,936
Contract with customer, liability74,417
Deferred compensation liability, classified6,2855,6794,7323,9363,2353,859
Deferred income tax liabilities 1811649354
Liability for uncertainty in income taxes10,7453,7974,503   
Other liabilities4,61325,83227,33110,5205,7041,224
Operating lease, liability37,143   
Business combination, contingent consideration, liability      1,048
Other undisclosed noncurrent liabilities    3,8322,8491,706
Total noncurrent liabilities:980,757221,840148,437106,57886,20562,718
Total liabilities:1,583,403640,361404,768302,144252,216170,668
Equity
Equity, attributable to parent1,268,4911,047,849976,255543,495467,324167,444
Common stock111111
Treasury stock, value(155,947)(155,947)(155,947)(155,947)(155,947)(155,947)
Additional paid in capital1,174,5941,095,229962,159528,272453,400201,672
Accumulated other comprehensive income (loss)(7,179)(1,317)141(1,096)(1,513)(1,467)
Retained earnings257,022109,883169,901172,265171,383123,185
Total equity:1,268,4911,047,849976,255543,495467,324167,444
TOTAL LIABILITIES AND EQUITY:2,851,8941,688,2101,381,023845,639719,540338,112

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,189,935863,381681,003530,860420,068343,798
Revenue, net343,798
Cost of revenue
(Cost of Goods and Services Sold)
(461,297)(322,471)(264,672)(223,574)(161,485)(136,710)
Gross profit:728,638540,910416,331307,286258,583207,088
Operating expenses(635,385)(709,033)(430,481)(313,680)(233,742)(194,065)
Operating income (loss):93,253(168,123)(14,150)(6,394)24,84113,023
Nonoperating expense
(Other Nonoperating expense)
      
Income (loss) from continuing operations before equity method investments, income taxes:93,253(168,123)(14,150)(6,394)24,84113,023
Other undisclosed income from continuing operations before income taxes103,26526,7487,8598,4643,2632,738
Income (loss) from continuing operations before income taxes:196,518(141,375)(6,291)2,07028,10415,761
Income tax expense (benefit)(49,379)81,3574,567(1,188)1,101(10,554)
Income (loss) from continuing operations:147,139(60,018)(1,724)88229,2055,207
Income (loss) before gain (loss) on sale of properties:(60,018)(1,724)88229,2055,207
Net income (loss) available to common stockholders, diluted:147,139(60,018)(1,724)88229,2055,207

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):147,139(60,018)(1,724)88229,2055,207
Other comprehensive loss(5,862)(1,458)    
Comprehensive income (loss):141,277(61,476)(1,724)88229,2055,207
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   1,237417(46)(2,370)
Comprehensive income (loss), net of tax, attributable to parent:141,277(61,476)(487)1,29929,1592,837

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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