Axon Enterprise Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $124.7M | $377.0M | $175.8M | $146.9M | $-60.0M | $-1.7M | $882.0K | $29.2M |
| Depreciation & Amortization | $83.2M | $48.4M | $19.3M | $23.1M | $18.7M | $12.5M | $11.4M | $10.6M |
| Depreciation | $57.0M | $39.4M | $28.1M | $20.4M | $15.8M | $9.2M | $7.9M | $4.9M |
| Amortization | $29.8M | $17.4M | $4.5M | $4.0M | $2.9M | $3.3M | $3.5M | $5.7M |
| Stock-Based Compensation | $634.2M | $382.6M | $131.4M | $106.2M | $303.3M | $133.6M | $78.5M | $21.9M |
| Net Cash from Operating Activities | $211.3M | $408.3M | $189.3M | $235.4M | $124.5M | $38.5M | $65.7M | $63.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $136.3M | $78.8M | $59.6M | $55.8M | $49.9M | $72.6M | $15.9M | $11.1M |
| Business Acquisitions | $646.9M | $621.8M | $21.1M | $2.1M | $22.4M | — | $0 | $5.0M |
| Net Cash from Investing Activities | $-724.9M | $-490.6M | $12.5M | $-831.0M | $252.6M | $-356.5M | $-240.7M | $-9.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | $0 |
| Net Cash from Financing Activities | $1.25B | $-45.4M | $41.3M | $598.1M | $-174.2M | $299.3M | $-3.9M | $219.3M |
| Net Change in Cash | $746.6M | $-133.9M | $245.1M | $-886.0K | $200.9M | $-16.8M | $-178.7M | $272.6M |
| Free Cash Flow | $75.1M | $329.5M | $129.6M | $179.6M | $74.6M | $-34.1M | $49.7M | $52.7M |