Cash flow Axon Enterprise, Inc.

Equities

AXON

US05464C1018

Aerospace & Defense

Market Closed - Nasdaq Other stock markets 21:00:00 20/09/2024 BST			5-day change	1st Jan Change
393.29 ^USD	+0.91%		+2.28%	+52.24%

09-17	Axon Enterprise Insider Sold Shares Worth $380,990, According to a Recent SEC Filing	MT
09-12	JMP Securities Raises Price Target on Axon Enterprise to $430 From $375	MT

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Published financial data: AXON ENTERPRISE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	531M	681M	863M	1.19B	1.56B
Total Revenues	531M	681M	863M	1.19B	1.56B
Cost of Goods Sold, Total	224M	265M	322M	461M	608M
Gross Profit	307M	416M	541M	729M	955M
Selling General & Admin Expenses, Total	211M	287M	515M	403M	489M
R&D Expenses	101M	123M	194M	227M	300M
Other Operating Expenses	-	-	-	-	9.01M
Other Operating Expenses, Total	312M	410M	709M	630M	798M
Operating Income	-4.39M	6.15M	-168M	98.55M	157M
Interest Expense, Total	-46K	-55K	-28K	-488K	-7M
Interest And Investment Income	8.7M	5.1M	1.7M	4.8M	49.11M
Net Interest Expenses	8.65M	5.04M	1.67M	4.31M	42.11M
Currency Exchange Gains (Loss)	-300K	-200K	400K	900K	-504K
Other Non Operating Income (Expenses)	110K	914K	1.58M	-947K	388K
EBT, Excl. Unusual Items	4.07M	11.91M	-164M	103M	199M
Merger & Related Restructuring Charges	-	-	-	-	-2.3M
Gain (Loss) On Sale Of Investments	-	2.1M	23.1M	99M	-41.78M
Asset Writedown	-2M	-1.2M	-	-5.3M	-
Legal Settlements	-	-19.1M	-	-	-
EBT, Incl. Unusual Items	2.07M	-6.29M	-141M	197M	155M
Income Tax Expense	1.19M	-4.57M	-81.36M	49.38M	-19.23M
Earnings From Continuing Operations	882K	-1.72M	-60.02M	147M	174M
Net Income to Company	882K	-1.72M	-60.02M	147M	174M
Net Income - (IS)	882K	-1.72M	-60.02M	147M	174M
Net Income to Common Incl Extra Items	882K	-1.72M	-60.02M	147M	174M
Net Income to Common Excl. Extra Items	882K	-1.72M	-60.02M	147M	174M
Per Share Items
Net EPS - Basic	0.01	-0.03	-0.91	2.07	2.35
Basic EPS - Continuing Operations	0.01	-0.03	-0.91	2.07	2.35
Basic Weighted Average Shares Outstanding	59.19M	61.78M	66.19M	71.09M	74.2M
Net EPS - Diluted	0.01	-0.03	-0.91	2.03	2.31
Diluted EPS - Continuing Operations	0.01	-0.03	-0.91	2.03	2.31
Diluted Weighted Average Shares Outstanding	60.02M	61.78M	66.19M	72.53M	75.46M
Normalized Basic EPS	0.04	0.12	-1.55	0.9	1.68
Normalized Diluted EPS	0.04	0.12	-1.55	0.89	1.65
Supplemental Items
EBITDA	6.97M	18.62M	-149M	123M	190M
EBITA	-894K	9.45M	-165M	103M	162M
EBIT	-4.39M	6.15M	-168M	98.55M	157M
EBITDAR	11.29M	25.33M	-142M	132M	200M
Total Revenues (As Reported)	531M	681M	863M	1.19B	1.56B
Effective Tax Rate - (Ratio)	57.39	72.6	57.55	25.13	-12.4
Current Domestic Taxes	6.66M	9.16M	-246K	20.92M	43.46M
Current Foreign Taxes	1.53M	1.94M	-60K	2.89M	2.8M
Total Current Taxes	8.19M	11.11M	-306K	23.81M	46.26M
Deferred Domestic Taxes	-7.72M	-13.29M	-80.82M	24.24M	-70.35M
Deferred Foreign Taxes	-264K	-3.13M	478K	-2.15M	89K
Total Deferred Taxes	-7.99M	-16.42M	-80.34M	22.09M	-70.26M
Normalized Net Income	2.54M	7.44M	-103M	64.26M	124M
Interest on Long-Term Debt	-	-	-	409K	6.58M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	900K	1.3M	2.6M	2.3M	1.9M
Selling and Marketing Expenses	900K	1.3M	2.6M	2.3M	1.9M
Research And Development Expense From Footnotes	101M	123M	194M	234M	304M
Net Rental Expense, Total	4.33M	6.7M	7.5M	8.7M	10.02M
Imputed Operating Lease Interest Expense	298K	168K	65.36K	91.28K	780K
Imputed Operating Lease Depreciation	4.03M	6.53M	7.43M	8.61M	9.24M
Stock-Based Comp., COGS (Total)	1.56M	3.46M	5.84M	4.61M	6.6M
Stock-Based Comp., R&D Exp. (Total)	17.59M	26.25M	58.67M	50.27M	66.23M
Stock-Based Comp., SG&A Exp. (Total)	59.34M	104M	239M	51.3M	58.53M
Total Stock-Based Compensation	78.5M	134M	303M	106M	131M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	172M	155M	356M	354M	599M
Short Term Investments	179M	407M	86.69M	621M	722M
Total Cash And Short Term Investments	351M	562M	443M	975M	1.32B
Accounts Receivable, Total	195M	293M	501M	555M	693M
Total Receivables	195M	293M	501M	555M	693M
Inventory	38.84M	89.96M	109M	202M	270M
Prepaid Expenses	25.19M	23.52M	36.53M	41.8M	64.45M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	49K	49K	49K	1.81M	2M
Other Current Assets, Total	9.62M	13.32M	19.96M	29.4M	46.34M
Total Current Assets	619M	982M	1.11B	1.81B	2.4B
Gross Property Plant And Equipment	95.26M	175M	221M	286M	342M
Accumulated Depreciation	-41.83M	-47.18M	-58.78M	-77.9M	-105M
Net Property Plant And Equipment	53.42M	128M	162M	208M	237M
Long-term Investments	45.5M	102M	115M	453M	232M
Goodwill	25.01M	25.2M	43.59M	44.98M	57.94M
Other Intangibles, Total	12.77M	9.45M	15.47M	12.16M	19.54M
Accounts Receivable Long-Term	-	20.1M	29.75M	45.17M	77.71M
Loans Receivable Long-Term	31.6M	22.46M	11.26M	5.21M	2.59M
Deferred Tax Assets Long-Term	27.69M	45.77M	127M	157M	230M
Deferred Charges Long-Term	22.07M	32.46M	57.94M	96.26M	122M
Other Long-Term Assets, Total	8.49M	13.44M	17.03M	24.99M	62.91M
Total Assets	846M	1.38B	1.69B	2.85B	3.44B
Liabilities
Accounts Payable, Total	25.87M	24.14M	32.22M	59.92M	88.33M
Accrued Expenses, Total	40.16M	55.23M	97.15M	142M	175M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	3.85M	5.43M	6.54M	6.36M	9.79M
Current Income Taxes Payable	3.36M	3.85M	3.74M	13.56M	5.78M
Unearned Revenue Current, Total	121M	167M	276M	380M	514M
Other Current Liabilities	1.48M	769K	2.82M	812K	7.37M
Total Current Liabilities	196M	256M	419M	603M	800M
Long-Term Debt	-	-	-	674M	677M
Long-Term Leases	6.79M	18.95M	20.44M	37.14M	33.55M
Unearned Revenue Non Current	87.94M	111M	186M	248M	282M
Deferred Tax Liability Non Current	354K	649K	811K	1K	-
Other Non Current Liabilities	11.5M	17.61M	14.87M	21.64M	32.33M
Total Liabilities	302M	405M	640M	1.58B	1.82B
Common Stock, Total	1K	1K	1K	1K	1K
Additional Paid In Capital	528M	962M	1.1B	1.17B	1.35B
Retained Earnings	172M	170M	110M	257M	431M
Treasury Stock	-156M	-156M	-156M	-156M	-156M
Comprehensive Income and Other	-1.1M	141K	-1.32M	-7.18M	-10.68M
Total Common Equity	543M	976M	1.05B	1.27B	1.61B
Total Equity	543M	976M	1.05B	1.27B	1.61B
Total Liabilities And Equity	846M	1.38B	1.69B	2.85B	3.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	59.53M	63.78M	70.93M	72.86M	75.3M
ECS Total Common Shares Outstanding	59.5M	63.77M	70.9M	71.47M	75.3M
Book Value / Share	9.13	15.31	14.78	17.75	21.41
Tangible Book Value	506M	942M	989M	1.21B	1.53B
Tangible Book Value Per Share	8.5	14.77	13.95	16.95	20.38
Total Debt	10.64M	24.38M	26.98M	717M	720M
Net Debt	-340M	-538M	-416M	-257M	-600M
Debt Equivalent of Unfunded Proj. Benefit Obligation	3.94M	4.73M	5.68M	6.28M	11.34M
Debt Equivalent Oper. Leases	34.61M	53.62M	59.96M	69.62M	80.2M
Equity Method Investments, Total	-	11.71M	83.52M	297M	-
Account Code - Inventory Valuation	6	6	6	5	5
Inventories - Raw Materials, Total	20.79M	39.19M	38.27M	72.74M	104M
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	18.06M	50.76M	70.42M	130M	166M
Land - (BS)	2.9M	57.05M	54.87M	51.61M	51.61M
Buildings, Total	20.09M	20.91M	25.71M	25.87M	32.09M
Machinery, Total	46.35M	57.36M	79.2M	93.77M	152M
Full Time Employees	1.32K	1.71K	2.15K	2.82K	3.33K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.57M	2.1M	2.2M	2.18M	2.39M
Order Backlog	931M	1.28B	2.05B	4.15B	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	882K	-1.72M	-60.02M	147M	174M
Depreciation & Amortization - CF	7.86M	9.18M	15.79M	20.38M	28.14M
Amortization of Goodwill and Intangible Assets - (CF)	3.5M	3.3M	2.9M	4M	4.5M
Depreciation & Amortization, Total	11.36M	12.48M	18.69M	24.38M	32.64M
Amortization of Deferred Charges, Total - (CF)	-	-	-	198K	3.13M
(Gain) Loss From Sale Of Asset	1.31M	2.04M	238K	5.56M	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-17.82M	-100M	25.34M
Asset Writedown & Restructuring Costs	1.3M	-	-	-	-
Stock-Based Compensation (CF)	78.5M	134M	303M	106M	131M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	-	1.3M	-214K	699K	-
Other Operating Activities, Total	-3.08M	-8.41M	-76.44M	32.56M	-59.06M
Change In Accounts Receivable	-38.83M	-108M	-206M	-73.23M	-173M
Change In Inventories	-4.9M	-52.16M	-18.27M	-95.99M	-71.9M
Change In Accounts Payable	4.97M	8.89M	45.3M	80.76M	64.38M
Change in Unearned Revenues	24.01M	65.14M	176M	160M	164M
Change in Other Net Operating Assets	-9.84M	-14.88M	-40.16M	-52.21M	-102M
Cash from Operations	65.67M	38.48M	124M	235M	189M
Capital Expenditure	-15.94M	-72.63M	-49.89M	-55.8M	-59.64M
Sale of Property, Plant, and Equipment	-	95K	43K	287K	98K
Cash Acquisitions	-	-	-22.39M	-2.1M	-21.09M
Sale (Purchase) of Intangible assets	-404K	-241K	-392K	-307K	-635K
Investment in Marketable and Equity Securities, Total	-224M	-284M	325M	-766M	93.74M
Other Investing Activities, Total	-	-	-	-6.56M	-
Cash from Investing	-241M	-357M	253M	-831M	12.48M
Long-Term Debt Issued, Total	-	-	-	674M	-
Total Debt Issued	-	-	-	674M	-
Long-Term Debt Repaid, Total	-	-	-	-195M	-
Total Debt Repaid	-	-	-	-195M	-
Issuance of Common Stock	114K	307M	157M	124M	149M
Repurchase of Common Stock	-4.05M	-7.81M	-331M	-4.87M	-108M
Other Financing Activities, Total	-	-	-	-74K	-
Cash from Financing	-3.94M	299M	-174M	598M	41.31M
Foreign Exchange Rate Adjustments	329K	1.98M	-1.98M	-3.38M	2.06M
Net Change in Cash	-179M	-16.8M	201M	-886K	245M
Supplemental Items
Cash Interest Paid	-	-	-	-	3.51M
Cash Income Tax Paid (Refund)	3.67M	10.89M	5.11M	10.51M	64.49M
Levered Free Cash Flow	36.86M	-25.12M	81.25M	156M	149M
Unlevered Free Cash Flow	36.89M	-25.09M	81.27M	156M	150M
Change In Net Working Capital	33.88M	102M	85.4M	-20.19M	51.63M
Net Debt Issued / Repaid	-	-	-	479M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-0.35	0.35	-6.85	2.71	3.12
Return on Total Capital	-0.54	0.49	-10.13	4.02	4.55
Return On Equity %	0.17	-0.23	-5.93	12.7	12.1
Return on Common Equity	0.17	-0.23	-5.93	12.7	12.1
Margin Analysis
Gross Profit Margin %	57.88	61.13	62.65	61.23	61.11
SG&A Margin	39.74	42.14	59.65	33.89	31.27
EBITDA Margin %	1.31	2.73	-17.31	10.33	12.14
EBITA Margin %	-0.17	1.39	-19.14	8.62	10.34
EBIT Margin %	-0.83	0.9	-19.47	8.28	10.05
Income From Continuing Operations Margin %	0.17	-0.25	-6.95	12.37	11.14
Net Income Margin %	0.17	-0.25	-6.95	12.37	11.14
Net Avail. For Common Margin %	0.17	-0.25	-6.95	12.37	11.14
Normalized Net Income Margin	0.48	1.09	-11.91	5.4	7.96
Levered Free Cash Flow Margin	6.94	-3.69	9.41	13.12	9.53
Unlevered Free Cash Flow Margin