Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Axon Enterprise Inc., balance sheet: property, plant and equipment

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Land	51,612)	54,868)	57,052)	2,900)	2,900)
Building and leasehold improvements	25,874)	25,712)	20,912)	20,089)	19,578)
Production equipment	57,170)	54,090)	37,539)	29,961)	19,817)
Computers, equipment and software	25,154)	15,343)	10,889)	8,126)	8,392)
Furniture and office equipment	7,420)	6,838)	6,954)	6,514)	6,529)
Vehicles	4,027)	2,932)	1,980)	1,753)	1,385)
Capitalized internal software development costs	14,198)	12,200)	3,874)	3,874)	4,357)
Construction-in-process	62,283)	25,258)	13,479)	12,385)	14,820)
Property and equipment, cost	247,738)	197,241)	152,679)	85,602)	77,778)
Accumulated depreciation	(77,895)	(58,784)	(47,185)	(41,832)	(39,885)
Property and equipment, net	169,843)	138,457)	105,494)	43,770)	37,893)

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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Item	Description	The company
Property and equipment, cost	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business 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, cost increased from 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.

Axon Enterprise Inc., asset age ratios

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Average age ratio	39.72%	41.29%	49.34%	50.58%	53.27%
Estimated total useful life (years)	10	9	10	10	15
Estimated age, time elapsed since purchase (years)	4	4	5	5	8
Estimated remaining life (years)	6	5	5	5	7

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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Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Axon Enterprise Inc. average age ratio of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Axon Enterprise Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Axon Enterprise Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.
Estimated remaining life		Axon Enterprise Inc. estimated remaining life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation	77,895)	58,784)	47,185)	41,832)	39,885)
Property and equipment, cost	247,738)	197,241)	152,679)	85,602)	77,778)
Land	51,612)	54,868)	57,052)	2,900)	2,900)
Asset Age Ratio
Average age¹	39.72%	41.29%	49.34%	50.58%	53.27%

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).

2022 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property and equipment, cost – Land)
= 100 × 77,895 ÷ (247,738 – 51,612) = 39.72%

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Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Axon Enterprise Inc. average age ratio of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Property and equipment, cost	247,738)	197,241)	152,679)	85,602)	77,778)
Land	51,612)	54,868)	57,052)	2,900)	2,900)
Depreciation and amortization expense related to property and equipment	20,400)	15,800)	9,200)	7,900)	4,900)
Asset Age Ratio (Years)
Estimated total useful life¹	10	9	10	10	15

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).

2022 Calculations

¹ Estimated total useful life = (Property and equipment, cost – Land) ÷ Depreciation and amortization expense related to property and equipment
= (247,738 – 51,612) ÷ 20,400 = 10

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Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Axon Enterprise Inc. estimated total useful life of depreciable property, plant and equipment decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation	77,895)	58,784)	47,185)	41,832)	39,885)
Depreciation and amortization expense related to property and equipment	20,400)	15,800)	9,200)	7,900)	4,900)
Asset Age Ratio (Years)
Time elapsed since purchase¹	4	4	5	5	8

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).

2022 Calculations

¹ Time elapsed since purchase = Accumulated depreciation ÷ Depreciation and amortization expense related to property and equipment
= 77,895 ÷ 20,400 = 4

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Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Axon Enterprise Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Property and equipment, net	169,843)	138,457)	105,494)	43,770)	37,893)
Land	51,612)	54,868)	57,052)	2,900)	2,900)
Depreciation and amortization expense related to property and equipment	20,400)	15,800)	9,200)	7,900)	4,900)
Asset Age Ratio (Years)
Estimated remaining life¹	6	5	5	5	7

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).

2022 Calculations

¹ Estimated remaining life = (Property and equipment, net – Land) ÷ Depreciation and amortization expense related to property and equipment
= (169,843 – 51,612) ÷ 20,400 = 6

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Asset age ratio	Description	The company
Estimated remaining life		Axon Enterprise Inc. estimated remaining life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.

Axon Enterprise Inc. (NASDAQ:AXON)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life