Axon enterprise, inc. (AAXN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

4,074

-

-

-

6,419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-

-

-

-

-

2,083

5,711

8,485

12,926

-2,071

422

2,276

4,580

6,341

3,843

3,650

3,463

5,104

1,521

6,103

7,205

5,086

7,557

3,884

3,391

5,375

5,114

4,457

3,298

3,815

3,676

3,442

3,803

-5,901

1,136

-2,294

19

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

2,881

3,165

2,709

2,687

2,800

2,389

3,065

2,750

2,411

2,364

2,277

1,796

1,604

914

901

942

901

981

948

745

617

949

1,101

1,105

1,162

1,095

1,088

1,529

1,419

1,405

1,718

1,728

1,666

1,984

1,995

2,049

2,068

Loss on disposal and abandonment of intangible assets

-13

-16

-33

0

-18

-14

-2,049

-54

0

-

-

-

-

-

-

-

-

-9

-51

-26

-139

-4

-85

-46

-80

-55

-2

-15

-96

-69

-196

144

-73

-

-

-

-

Purchase accounting adjustments to goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

0

171

-23

372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal and impairment of property and equipment, net

-517

-134

-845

-1,321

-242

-13

-137

-119

-34

28

0

0

0

-2

-57

-6

23

6

13

0

0

0

0

-2

-15

-2

0

0

29

18

-286

106

0

-2,003

-39

-711

-45

Bond premium amortization

-

-

-

-

-

-

-

-

-

-

167

209

218

285

268

337

375

398

426

447

379

282

247

236

192

115

105

69

0

1

-7

17

18

-

-

-

-

Change in provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

1

-

1

1

0

-

-

-

-

273

7

1

13

Change in provision for excess and obsolete inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

7

-

-

123

46

-

-

-

-

-

-

-

-

Change in provision for warranty expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-120

-306

-

1,150

-337

-169

-261

-362

61

35

-559

169

178

-98

Provision for excess and obsolete inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39

58

139

-

417

58

270

Stock-based compensation

20,195

48,300

13,663

8,627

7,905

6,577

6,255

4,954

4,093

4,187

4,000

3,976

3,447

2,627

2,216

2,306

2,220

2,177

1,863

1,679

1,544

1,458

1,437

1,507

1,177

1,434

963

1,020

923

1,224

849

589

758

504

693

877

962

Litigation judgment recovery

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,200

-

-

-

-

Deferred income taxes

-1,548

-4,041

-2,635

-1,888

577

-1,266

-2,268

-1,572

1,514

6,985

-2,697

-242

-1,216

-2,495

-1,227

-724

-721

1,882

-377

-40

-471

-6,264

1,952

1,509

6,401

-4,591

1,413

2,067

1,732

-1,203

-299

1,366

1,818

-1

-735

-1,904

159

Unrecognized tax benefits

341

389

-19

306

307

1,045

-113

108

104

-57

-416

148

134

565

-176

97

96

117

46

-493

174

1,915

-456

28

-1,285

-

-

-

58

695

194

17

12

-656

359

-3

1

Other noncash, net

1,156

1,005

1,101

926

896

0

4

8

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for expected credit losses

902

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

519

831

109

-21

622

69

4,566

1,679

2,136

333

793

4,723

2,739

178

1,970

1,910

-

-

-

-

-

-

-

-

Change in assets and liabilities:
Accounts and notes receivable and contract assets

9,700

8,333

19,491

-10,988

21,994

16,471

26,381

7,731

17,060

9,278

10,102

4,067

11,858

14,029

11,198

1,016

2,195

4,701

-2,149

4,144

-9,713

3,636

3,948

2,649

-1,986

2,393

3,205

83

-1,294

3,433

5,563

-5,439

2,523

-471

2,555

-1,621

-1,925

Inventory

8,630

-1,399

-1,213

3,579

3,936

-5,771

-4,525

-2,100

-2,408

-7,328

-6,694

12,082

13,686

7,864

4,056

2,421

4,327

-3,177

-5,292

1,026

4,303

2,195

1,002

1,867

2,150

-1,459

-801

1,482

894

879

-1,637

1,047

-226

-121

-162

220

-1,264

Prepaid expenses and other assets

-2,277

-2,122

6,206

2,609

3,152

658

4,652

5,727

1,702

-2,260

1,197

7,348

2,707

170

-4,216

10,587

4,070

1,832

-2,654

6,775

1,399

17

-2,626

-885

4,574

-1,674

-1,534

2,643

1,134

-394

226

-533

524

64

-1,283

391

1,201

Accounts payable, accrued and other liabilities

-3,562

18,495

3,224

-9,468

-7,284

9,200

6,994

-9,428

6,740

-1,852

-4,149

969

6,562

5,833

7,488

-482

5,560

4,171

-1,930

3,580

47

11,040

2,094

-4,910

1,628

7,056

104

1,493

-2,093

1,490

2,545

296

100

2,402

1,609

71

-671

Deferred revenue

4,499

-4,463

21,899

3,345

3,232

22,542

21,204

3,942

6,554

-

-

-

6,313

7,973

10,519

11,432

4,380

4,622

7,534

1,750

1,383

5,689

5,860

2,613

1,307

1,599

3,029

1,809

1,659

1,575

1,332

1,035

225

580

630

-578

-337

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-632

-269

1,041

654

-750

675

-341

619

-19

-155

-611

76

-157

850

-115

172

-403

214

103

205

-68

-30

-65

Net cash provided by (used in) operating activities

13,415

45,809

22,440

11,394

-13,970

31,239

16,530

-1,938

18,044

24,322

6,607

-5,849

-6,609

-824

11,623

3,243

7,093

16,131

19,345

-2,039

13,008

12,794

16,676

1,652

4,310

9,339

10,864

7,704

4,519

3,258

9,873

9,721

3,662

2,628

5,482

4,798

4,356

Cash flows from investing activities:
Purchases of investments

99,512

111,784

100,701

36,670

105,322

0

0

3,529

802

0

0

19,950

0

6,770

20,649

8,339

20,328

11,866

11,848

11,887

26,863

9,287

6,301

3,490

13,822

10,662

5,773

12,677

0

6

-6

997

5,244

-0

704

989

9,785

Proceeds from call / maturity of investments

84,315

37,876

66,888

25,319

0

500

3,620

3,871

3,167

11,447

15,256

15,576

18,801

9,716

22,806

14,396

18,033

11,386

11,354

10,736

10,629

2,329

4,468

1,820

2,380

2,755

4,945

0

1,680

1,502

2,009

1,128

5,000

-

-

-

-

Purchases of property and equipment

2,209

3,828

4,250

2,590

5,271

4,259

2,215

3,602

1,063

1,347

3,331

3,398

2,343

1,622

1,371

684

1,280

2,164

2,069

1,346

424

439

844

423

799

609

335

456

383

446

285

325

277

682

511

334

325

Proceeds from disposal of property and equipment

78

-

-

-

0

-

-

-

-

-

-

-

-

2

7

-3

36

27

13

0

0

-

-

-

-

0

0

0

34

-

-

-

-

-

-

-

-

Purchases of intangible assets

45

76

-16

182

162

98

206

220

34

593

261

75

95

3,156

154

87

98

99

201

151

50

58

16

42

67

52

69

98

104

91

85

129

122

102

97

125

87

Investment in unconsolidated affiliate

4,700

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

0

4,150

0

6,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-22,073

-77,812

-38,047

-14,123

-110,755

-3,857

1,223

-8,494

1,268

9,531

7,514

-7,847

9,884

-5,330

639

5,283

-3,637

-2,716

-6,097

-10,488

-16,708

-7,455

-2,683

-2,135

-12,308

-9,826

-1,232

-13,231

1,227

1,004

1,644

-324

-644

216

3,835

-1,449

-10,198

Cash flows from financing activities:
Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

24,784

8,962

0

7,556

0

0

-

-

-

-

0

0

19,649

5,351

-

-

-

-

7,610

12,389

7,438

5,061

Proceeds from options exercised

28

8

2

4

100

1,044

127

230

356

128

14

945

296

47

209

192

30

100

20

1,948

605

2,403

1,225

97

7,275

5,138

6,168

3,744

307

1,198

333

382

14

1,383

39

0

3

Income and payroll tax payments for net-settled stock awards

5,190

783

1,136

873

1,259

2,154

1,166

7,030

3,777

623

258

407

2,165

473

263

292

744

522

201

453

194

85

72

52

1,138

88

36

7

178

-

-

-

-

-

-

-

-

Payments on capital lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

8

-

10

9

10

52

10

9

9

10

8

10

8

9

8

9

8

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

519

831

109

-21

622

69

4,566

1,679

2,136

333

793

4,723

2,739

178

1,970

1,910

-

-

-

-

-

-

-

-

Net cash used in financing activities

-5,162

-775

-1,134

-869

-1,159

-2,810

-1,039

226,618

-3,421

-2,245

-244

546

-1,877

-753

719

-24,798

-9,722

174

-7,704

6,052

2,081

4,444

-1,412

-18,724

10,852

7,780

6,302

-13,951

-3,320

5,902

-3,523

-15,756

14

-6,216

-12,349

-7,438

-5,057

Effect of exchange rate changes on cash and cash equivalents

-1,890

1,007

-426

-319

67

-393

157

-1,007

469

34

1,560

-781

-76

275

313

213

105

50

-11

-19

100

-31

91

17

8

-28

-8

-22

27

-4

0

-21

15

98

-112

-2

26

Net decrease in cash and cash equivalents

-15,710

-31,771

-17,167

-3,917

-125,817

24,179

16,871

215,179

16,360

31,642

15,437

-13,931

1,322

-6,632

13,294

-16,059

-6,161

13,639

5,533

-6,494

-1,519

9,752

12,672

-19,190

2,862

7,265

15,926

-19,500

2,453

10,161

7,995

-6,379

3,048

-3,273

-3,144

-4,092

-10,872

Supplemental disclosures:
Cash paid for income taxes, net of refunds

3,863

-

1,091

573

758

-

199

7,695

63

-

2,272

9,789

145

-

3,037

4,738

3,533

-

982

4,639

209

-

36

317

50

-

135

2,242

50

-

44

685

135

-

13

0

36

Non-cash transactions
Property and equipment purchases in accounts payable and accrued liabilities

617

-

956

-237

328

-

449

529

136

-

-795

557

794

-

55

36

54

-

-10

163

42

-

83

-39

114

-

8

-176

227

-

-13

-59

107

-

-464

398

108

Non-cash purchase consideration related to business combinations

-

-

-

-

-

-

-

-

-

-

-19

19

1,007

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-