Axon Enterprise, Inc. (AXON)

Axon Enterprise Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	257.1	377.03	175.78	146.93	-60.02	-1.72
Depreciation & Amortization	73.9	48.43	19.32	23.12	18.69	12.48
Loss (Gain) From Sale of Assets	-	-	-	-	-	2.04
Loss (Gain) From Sale of Investments	-225.71	-283.22	41.79	-98.94	-17.82	3.35
Stock-Based Compensation	556.52	382.6	131.36	106.18	303.33	133.57
Provision & Write-off of Bad Debts	15.08	20.07	5.48	0.7	-	1.3
Other Operating Activities	-59.22	-63.92	-59.64	38.05	-76.41	-11.75
Change in Accounts Receivable	-385.14	-245.84	-178.99	-78.23	-205.77	-107.76
Change in Inventory	-45.94	0.61	-77.63	-95.01	-18.27	-52.16
Change in Accounts Payable	89.01	54.52	65.33	80.98	45.3	8.89
Change in Unearned Revenue	120.48	155.64	146.82	155.57	175.62	65.14
Change in Other Net Operating Assets	-151.8	-37.61	-80.35	-43.98	-40.16	-14.89
Operating Cash Flow	244.27	408.31	189.26	235.36	124.49	38.48
Operating Cash Flow Growth	-18.08%	115.74%	-19.59%	89.05%	223.52%	-41.40%
Capital Expenditures	-99.25	-78.79	-59.64	-55.8	-49.89	-72.63
Sale of Property, Plant & Equipment	-	-	-	-	0.04	0.1
Cash Acquisitions	-406.83	-621.82	-21.09	-2.1	-22.39	-
Sale (Purchase) of Intangibles	-	-	-	-	-0.39	-0.24
Investment in Securities	-434.12	209.98	93.74	-773.04	325.18	-283.75
Other Investing Activities	-0.03	0.05	-0.54	-0.02	-	-
Investing Cash Flow	-940.23	-490.57	12.48	-830.97	252.56	-356.53
Long-Term Debt Issued	-	-	-	673.77	-	-
Long-Term Debt Repaid	-	-	-	-194.99	-	-
Net Debt Issued (Repaid)	1,343	-	-	478.78	-	-
Issuance of Common Stock	367.1	14.58	149.21	-	157.13	0.3
Repurchase of Common Stock	-245.48	-58.18	-107.89	-4.87	-331.31	-7.81
Other Financing Activities	-28.95	-1.84	-	124.2	-	306.78
Financing Cash Flow	1,435	-45.44	41.31	598.1	-174.18	299.27
Foreign Exchange Rate Adjustments	-0.54	-6.21	2.07	-3.38	-1.98	1.98
Net Cash Flow	738.69	-133.91	245.12	-0.89	200.89	-16.8
Free Cash Flow	145.02	329.53	129.63	179.56	74.61	-34.15
Free Cash Flow Growth	-34.14%	154.21%	-27.81%	140.67%	-	-
Free Cash Flow Margin	5.67%	15.82%	8.31%	15.13%	8.64%	-5.01%
Free Cash Flow Per Share	1.77	4.20	1.72	2.48	1.13	-0.55
Cash Interest Paid	58.19	3.45	3.51	-	-	-
Cash Income Tax Paid	58.78	67.85	64.49	10.51	5.11	10.89
Levered Free Cash Flow	248.67	392.34	101.12	151.79	81.27	-37.03
Unlevered Free Cash Flow	290.7	396.78	105.49	151.79	81.27	-37.03
Change in Working Capital	-373.39	-72.69	-124.82	19.33	-43.28	-100.78

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q