Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Axon Enterprise Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	353,684)	356,332)	155,440)	172,250)	349,462)
Marketable securities	39,240)	72,180)	—)	—)	—)
Short-term investments	581,769)	14,510)	406,525)	178,534)	—)
Accounts and notes receivable, net of allowance	358,190)	320,819)	229,201)	146,878)	130,579)
Contract assets, net	196,902)	180,421)	63,945)	47,718)	13,960)
Inventory	202,471)	108,688)	89,958)	38,845)	33,763)
Prepaid expenses and other current assets	73,022)	56,540)	36,883)	34,866)	30,391)
Current assets	1,805,278)	1,109,490)	981,952)	619,091)	558,155)
Property and equipment, net	169,843)	138,457)	105,494)	43,770)	37,893)
Deferred tax assets, net	156,866)	127,193)	45,770)	27,688)	19,347)
Intangible assets, net	12,158)	15,470)	9,448)	12,771)	15,935)
Goodwill	44,983)	43,592)	25,205)	25,013)	24,981)
Long-term investments	156,207)	31,232)	90,681)	45,499)	—)
Long-term notes receivable, net	5,210)	11,256)	22,457)	31,598)	40,230)
Long-term contract assets, net	45,170)	29,753)	20,099)	—)	—)
Strategic investments	296,563)	83,520)	11,711)	—)	—)
Cash surrender value of corporate-owned life insurance policies	4,274)	5,276)	4,654)	4,214)	3,596)
Deferred commissions	93,213)	54,028)	32,455)	22,068)	15,530)
Restricted cash	54)	57)	62)	56)	661)
Operating lease assets	38,370)	23,270)	22,308)	9,653)	—)
Deferred implementation costs	3,045)	3,915)	—)	—)	—)
Prepaid expenses, deposits and other	20,660)	11,701)	8,727)	4,218)	3,212)
Other long-term assets	159,616)	98,247)	68,206)	40,209)	22,999)
Long-term assets	1,046,616)	578,720)	399,071)	226,548)	161,385)
Total assets	2,851,894)	1,688,210)	1,381,023)	845,639)	719,540)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Axon Enterprise Inc. current assets increased from 2020 to 2021 and from 2021 to 2022.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Axon Enterprise Inc. property and equipment, net increased from 2020 to 2021 and from 2021 to 2022.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Axon Enterprise Inc. long-term assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Axon Enterprise Inc. total assets increased from 2020 to 2021 and from 2021 to 2022.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Axon Enterprise Inc. cash and cash equivalents increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Marketable securities	Amount of investment in marketable security, classified as current.	Axon Enterprise Inc. marketable securities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Accounts and notes receivable, net of allowance	The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.	Axon Enterprise Inc. accounts and notes receivable, net of allowance increased from 2020 to 2021 and from 2021 to 2022.
Inventory	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Axon Enterprise Inc. inventory increased from 2020 to 2021 and from 2021 to 2022.

Axon Enterprise Inc. (NASDAQ:AXON)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items