Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Axon Enterprise Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	59,918)	32,220)	24,142)	25,874)	15,164)
Accrued salaries, benefits and bonus	97,882)	62,425)	36,892)	24,737)	19,063)
Accrued professional, consulting and lobbying fees	3,861)	7,152)	3,055)	3,235)	4,894)
Accrued warranty expense	811)	2,822)	769)	1,476)	898)
Accrued income and other taxes	13,559)	3,736)	3,848)	3,362)	4,167)
Accrued inventory in transit	10,548)	9,945)	4,597)	4,156)	—)
Other accrued expenses	29,273)	17,627)	10,682)	8,035)	12,070)
Accrued liabilities	155,934)	103,707)	59,843)	45,001)	41,092)
Current portion of deferred revenue	360,037)	265,591)	163,959)	117,864)	107,016)
Customer deposits	20,399)	10,463)	2,956)	2,974)	2,702)
Other current liabilities	6,358)	6,540)	5,431)	3,853)	37)
Current liabilities	602,646)	418,521)	256,331)	195,566)	166,011)
Deferred revenue, net of current portion	248,003)	185,721)	111,222)	87,936)	74,417)
Liability for unrecognized tax benefits	10,745)	3,797)	4,503)	3,832)	2,849)
Long-term deferred compensation	6,285)	5,679)	4,732)	3,936)	3,235)
Deferred tax liability, net	1)	811)	649)	354)	—)
Long-term operating lease liabilities	37,143)	20,439)	18,952)	6,792)	—)
Convertible notes, net	673,967)	—)	—)	—)	—)
Other long-term liabilities	4,613)	5,393)	8,379)	3,728)	5,704)
Long-term liabilities	980,757)	221,840)	148,437)	106,578)	86,205)
Total liabilities	1,583,403)	640,361)	404,768)	302,144)	252,216)
Preferred stock, $0.00001 par value; no shares issued and outstanding	—)	—)	—)	—)	—)
Common stock, $0.00001 par value	1)	1)	1)	1)	1)
Additional paid-in capital	1,174,594)	1,095,229)	962,159)	528,272)	453,400)
Treasury stock at cost	(155,947)	(155,947)	(155,947)	(155,947)	(155,947)
Retained earnings	257,022)	109,883)	169,901)	172,265)	171,383)
Accumulated other comprehensive income (loss)	(7,179)	(1,317)	141)	(1,096)	(1,513)
Stockholders’ equity	1,268,491)	1,047,849)	976,255)	543,495)	467,324)
Total liabilities and stockholders’ equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Axon Enterprise Inc. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Axon Enterprise Inc. long-term liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Axon Enterprise Inc. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Axon Enterprise Inc. stockholders’ equity increased from 2020 to 2021 and from 2021 to 2022.

Axon Enterprise Inc. (NASDAQ:AXON)

Balance Sheet: Liabilities and Stockholders’ Equity