Stock Analysis on Net

Axon Enterprise Inc. (NASDAQ:AXON)

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

Balance Sheet: Assets 
Quarterly Data

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 (quarterly data)

US$ in thousands

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents 263,414 353,684 147,711 212,815 386,367 356,332 281,691 266,372 154,822 155,440 176,000 319,253 156,540 172,250 202,551 219,720 223,642 349,462 324,371 307,507 92,330
Marketable securities 54,810 39,240 35,280 45,900 57,600 72,180 83,340
Short-term investments 775,129 581,769 194,627 118,514 20,024 14,510 216,557 388,895 440,842 406,525 330,914 237,980 188,673 178,534 108,913 116,629 105,312 500 4,124 4,475
Accounts and notes receivable, net of allowance 379,887 358,190 418,308 379,672 344,907 320,819 265,267 201,907 185,373 229,201 172,803 154,253 147,945 146,878 149,013 134,630 149,096 130,579 116,518 94,296 87,849
Contract assets, net 216,869 196,902 168,673 196,754 147,861 180,421 130,976 86,561 72,472 63,945 63,105 50,799 43,959 47,718 33,602 26,648 17,945 13,960 13,263 10,468 9,278
Inventory 220,268 202,471 173,046 154,297 122,150 108,688 93,279 91,739 89,657 89,958 97,610 81,010 46,922 38,845 40,666 40,999 37,587 33,763 39,221 43,967 43,104
Prepaid expenses and other current assets 142,319 73,022 68,054 61,839 67,208 56,540 52,710 45,456 43,063 36,883 35,421 42,429 34,702 34,866 41,277 36,429 33,340 30,391 30,514 26,604 21,934
Current assets 2,052,696 1,805,278 1,205,699 1,169,791 1,146,117 1,109,490 1,123,820 1,080,930 986,229 981,952 875,853 885,724 618,741 619,091 576,022 575,055 566,922 558,155 524,387 486,966 258,970
Property and equipment, net 172,674 169,843 164,160 157,916 149,505 138,457 128,808 119,933 112,119 105,494 102,718 45,386 43,065 43,770 42,592 40,500 41,347 37,893 35,613 34,503 31,175
Deferred tax assets, net 171,122 156,866 96,355 100,548 108,840 127,193 104,169 52,387 46,403 45,770 39,773 34,142 29,433 27,688 23,290 20,658 18,770 19,347 18,080 15,813 14,200
Intangible assets, net 11,270 12,158 13,039 13,934 14,399 15,470 7,426 7,870 8,642 9,448 10,260 11,146 11,929 12,771 13,528 14,424 15,067 15,935 16,956 20,442 17,496
Goodwill 44,982 44,983 44,819 45,004 43,607 43,592 25,571 25,178 25,194 25,205 25,012 24,905 24,752 25,013 24,876 24,969 25,017 24,981 25,043 24,684 14,947
Long-term investments 31,116 156,207 28,536 24,925 17,731 31,232 49,431 48,669 78,464 90,681 120,615 129,580 50,225 45,499 41,391
Long-term notes receivable, net 4,467 5,210 8,462 8,992 10,184 11,256 12,621 17,466 18,546 22,457 22,611 26,115 27,556 31,598 33,463 35,170 36,316 40,230 38,220 37,158 34,624
Long-term contract assets, net 54,886 45,170 48,388 28,240 29,616 29,753 43,394 31,691 26,341 20,099 15,019 12,108 12,293
Strategic investments 296,563 296,563 290,329 281,691 154,452 83,520 58,520 58,520
Other long-term assets 168,173 159,616 110,643 100,982 98,003 98,247 91,627 84,244 102,920 79,917 67,288 63,806 59,457 40,209 37,142 35,594 35,756 22,999 23,396 22,831 21,573
Long-term assets 955,253 1,046,616 804,731 762,232 626,337 578,720 521,567 445,958 418,629 399,071 403,296 347,188 258,710 226,548 216,282 171,315 172,273 161,385 157,308 155,431 134,015
Total assets 3,007,949 2,851,894 2,010,430 1,932,023 1,772,454 1,688,210 1,645,387 1,526,888 1,404,858 1,381,023 1,279,149 1,232,912 877,451 845,639 792,304 746,370 739,195 719,540 681,695 642,397 392,985

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).


Assets: Selected Items

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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
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 Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Current Assets: Selected Items

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 Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.
Marketable securities Amount of investment in marketable security, classified as current. Axon Enterprise Inc. marketable securities increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
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 decreased from Q3 2022 to Q4 2022 but then slightly increased from Q4 2022 to Q1 2023.
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 Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.