Stock Analysis on Net
Stock Analysis on Net

Axon Enterprise Inc. (NASDAQ:AXON)

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

Common-Size Balance Sheet: Assets 
Quarterly Data

Axon Enterprise Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Cash and cash equivalents 8.76 12.40 7.35 11.02 21.80 21.11 17.12 17.45 11.02 11.26 13.76 25.89 17.84 20.37 25.56 29.44 30.25 48.57 47.58 47.87 23.49
Marketable securities 1.82 1.38 1.75 2.38 3.25 4.28 5.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Short-term investments 25.77 20.40 9.68 6.13 1.13 0.86 13.16 25.47 31.38 29.44 25.87 19.30 21.50 21.11 13.75 15.63 14.25 0.00 0.07 0.64 1.14
Accounts and notes receivable, net of allowance 12.63 12.56 20.81 19.65 19.46 19.00 16.12 13.22 13.20 16.60 13.51 12.51 16.86 17.37 18.81 18.04 20.17 18.15 17.09 14.68 22.35
Contract assets, net 7.21 6.90 8.39 10.18 8.34 10.69 7.96 5.67 5.16 4.63 4.93 4.12 5.01 5.64 4.24 3.57 2.43 1.94 1.95 1.63 2.36
Inventory 7.32 7.10 8.61 7.99 6.89 6.44 5.67 6.01 6.38 6.51 7.63 6.57 5.35 4.59 5.13 5.49 5.08 4.69 5.75 6.84 10.97
Prepaid expenses and other current assets 4.73 2.56 3.39 3.20 3.79 3.35 3.20 2.98 3.07 2.67 2.77 3.44 3.95 4.12 5.21 4.88 4.51 4.22 4.48 4.14 5.58
Current assets 68.24% 63.30% 59.97% 60.55% 64.66% 65.72% 68.30% 70.79% 70.20% 71.10% 68.47% 71.84% 70.52% 73.21% 72.70% 77.05% 76.69% 77.57% 76.92% 75.80% 65.90%
Property and equipment, net 5.74 5.96 8.17 8.17 8.43 8.20 7.83 7.85 7.98 7.64 8.03 3.68 4.91 5.18 5.38 5.43 5.59 5.27 5.22 5.37 7.93
Deferred tax assets, net 5.69 5.50 4.79 5.20 6.14 7.53 6.33 3.43 3.30 3.31 3.11 2.77 3.35 3.27 2.94 2.77 2.54 2.69 2.65 2.46 3.61
Intangible assets, net 0.37 0.43 0.65 0.72 0.81 0.92 0.45 0.52 0.62 0.68 0.80 0.90 1.36 1.51 1.71 1.93 2.04 2.21 2.49 3.18 4.45
Goodwill 1.50 1.58 2.23 2.33 2.46 2.58 1.55 1.65 1.79 1.83 1.96 2.02 2.82 2.96 3.14 3.35 3.38 3.47 3.67 3.84 3.80
Long-term investments 1.03 5.48 1.42 1.29 1.00 1.85 3.00 3.19 5.59 6.57 9.43 10.51 5.72 5.38 5.22 0.00 0.00 0.00 0.00 0.00 0.00
Long-term notes receivable, net 0.15 0.18 0.42 0.47 0.57 0.67 0.77 1.14 1.32 1.63 1.77 2.12 3.14 3.74 4.22 4.71 4.91 5.59 5.61 5.78 8.81
Long-term contract assets, net 1.82 1.58 2.41 1.46 1.67 1.76 2.64 2.08 1.87 1.46 1.17 0.98 1.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Strategic investments 9.86 10.40 14.44 14.58 8.71 4.95 3.56 3.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other long-term assets 5.59 5.60 5.50 5.23 5.53 5.82 5.57 5.52 7.33 5.79 5.26 5.18 6.78 4.75 4.69 4.77 4.84 3.20 3.43 3.55 5.49
Long-term assets 31.76% 36.70% 40.03% 39.45% 35.34% 34.28% 31.70% 29.21% 29.80% 28.90% 31.53% 28.16% 29.48% 26.79% 27.30% 22.95% 23.31% 22.43% 23.08% 24.20% 34.10%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibited a fluctuating downward trend from 23.49% in March 2018 to 8.76% in March 2023, with noticeable peaks around mid-2018 and late 2021. This indicates a general reduction in liquid assets over the period, with occasional increases.
Marketable Securities
Marketable securities data appears only from mid-2021 onwards, showing a gradual decline from 5.07% to 1.82% by March 2023, suggesting a reduction in these readily marketable investments within total assets during the observed period.
Short-term Investments
Short-term investments initially fluctuated between 0.07% and 1.14% until early 2018, then markedly increased, peaking at 31.38% in March 2021, followed by a sharp decline to 0.86% in early 2022, after which the metric increased again to 25.77% by March 2023. This illustrates significant volatility, with substantial allocations to short-term investments during certain periods.
Accounts and Notes Receivable, Net
Receivables maintained a moderately stable share between approximately 12% and 22%, with a slight downward trend observed toward the latter periods ending near 12.63% in early 2023. There were intermittent increases around late 2018 and early 2022.
Contract Assets, Net
Contract assets rose steadily from 2.36% in early 2018 to a high point of 10.69% in December 2021, signaling growing recognition of contract-related revenue components, followed by a gradual decline to 7.21% by March 2023.
Inventory
Inventory as a percentage of total assets decreased from 10.97% in early 2018 to below 5% by the end of 2018, then oscillated in the 5% to 8.61% range over subsequent years, ending around 7.32%. This defines a general stabilization with moderate variability.
Prepaid Expenses and Other Current Assets
This category maintained relatively low proportions, mostly between 2.5% and 5.5%, with minor fluctuations over time but no clear persistent trend.
Current Assets
Current assets increased substantially from 65.9% in early 2018, peaking near 77.57% by late 2018, then generally declined to around 60%–68% in the later periods. This overall trend reflects shifting asset compositions between current and long-term categories.
Property and Equipment, Net
There was a gradual reduction from approximately 7.93% in early 2018 to around 4.91% by early 2020, followed by a brief spike to over 8% in late 2020 and early 2021, then a decline again near 5.74% by early 2023. This suggests variability in fixed asset investments over time.
Deferred Tax Assets, Net
Deferred tax assets showed small fluctuations mostly in the 2.3% to 7.5% range, with a notable increase between 2019 and 2021, peaking at 7.53%, followed by a moderate decline thereafter.
Intangible Assets, Net
A slow but consistent decrease is apparent from 4.45% at the start of 2018, dropping to 0.37% by early 2023, indicating diminishing intangible asset holdings in relation to total assets.
Goodwill
Goodwill experienced a downward trajectory from 3.8% to 1.5% over the analyzed period, marking a consistent reduction and a lower relative significance within total assets.
Long-term Investments
Long-term investments emerged as a more prominent asset class starting in 2019 at approximately 5.22%, increasing to a peak above 10% in early 2020, then declining to near 1.03% by the first quarter of 2023, reflecting variable allocations over time.
Long-term Notes Receivable, Net
This item displayed a clear downward trend, falling from 8.81% in early 2018 to a minimal 0.15% by early 2023, suggesting a significant reduction of long-term receivables held.
Long-term Contract Assets, Net
From 2019 onward, these assets grew from 1.4% to a peak of 2.64% in late 2021 before declining to just below 1.6% by early 2023, marking modest growth with a recent decrease.
Strategic Investments
Starting data in early 2021 showed an increase from 3.83% to nearly 14.58% by early 2022, then a reduction to 9.86% by early 2023, illustrating a period of expanding strategic investment holdings followed by partial divestment.
Other Long-term Assets
These assets fluctuated modestly between roughly 3.2% and 7.33%, remaining a relatively stable, though minor, part of the asset mix throughout the periods.
Long-term Assets Overall
The share of long-term assets generally declined from 34.1% in early 2018 to a low near 22.43% by the end of 2018, then progressively increased to a peak of 40.03% in late 2022 before dropping again to 31.76% in early 2023. This indicates shifting investments between long-term and current asset categories during the period.
Total Assets
The total assets serve as the base of the percentages and remain constant at 100% by definition across all periods.