$AXON
AXON ENTERPRISE, INC.

2016 Q1 Form 10-Q Financial Statement

#000106918316000176 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $55.53M $44.76M
YoY Change 24.06% 23.7%
Cost Of Revenue $18.63M $14.89M
YoY Change 25.07% 6.56%
Gross Profit $36.90M $29.87M
YoY Change 23.55% 34.49%
Gross Profit Margin 66.45% 66.73%
Selling, General & Admin $24.83M $14.57M
YoY Change 70.5% 5.96%
% of Gross Profit 67.29% 48.76%
Research & Development $6.927M $4.558M
YoY Change 51.97% 26.4%
% of Gross Profit 18.77% 15.26%
Depreciation & Amortization $901.0K $617.0K
YoY Change 46.03% -46.9%
% of Gross Profit 2.44% 2.07%
Operating Expenses $31.76M $19.12M
YoY Change 66.08% 10.21%
Operating Profit $5.142M $10.75M
YoY Change -52.15% 121.27%
Interest Expense $118.0K -$65.00K
YoY Change -281.54% -316.67%
% of Operating Profit 2.29% -0.6%
Other Income/Expense, Net
YoY Change
Pretax Income $5.260M $10.68M
YoY Change -50.75% 118.58%
Income Tax $1.797M $3.475M
% Of Pretax Income 34.16% 32.54%
Net Earnings $3.463M $7.205M
YoY Change -51.94% 112.47%
Net Earnings / Revenue 6.24% 16.1%
Basic Earnings Per Share $0.06 $0.14
Diluted Earnings Per Share $0.06 $0.13
COMMON SHARES
Basic Shares Outstanding 53.69M shares 53.17M shares
Diluted Shares Outstanding 54.79M shares 54.51M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.1M $90.10M
YoY Change 15.54% 43.47%
Cash & Equivalents $53.37M $46.85M
Short-Term Investments $50.70M $43.20M
Other Short-Term Assets $10.30M $9.500M
YoY Change 8.42% -42.42%
Inventory $20.21M $22.63M
Prepaid Expenses
Receivables $29.80M $21.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $164.4M $143.2M
YoY Change 14.84% 26.6%
LONG-TERM ASSETS
Property, Plant & Equipment $22.18M $17.21M
YoY Change 28.84% -6.44%
Goodwill $9.179M $2.206M
YoY Change 316.09% -1.3%
Intangibles $7.431M $2.965M
YoY Change 150.62% -4.82%
Long-Term Investments $10.00M $14.70M
YoY Change -31.97% 0.0%
Other Assets $9.039M $4.039M
YoY Change 123.79% 265.52%
Total Long-Term Assets $72.69M $52.64M
YoY Change 38.09% 1.87%
TOTAL ASSETS
Total Short-Term Assets $164.4M $143.2M
Total Long-Term Assets $72.69M $52.64M
Total Assets $237.1M $195.8M
YoY Change 21.09% 18.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.486M $7.808M
YoY Change 21.49% 11.34%
Accrued Expenses $12.63M $6.999M
YoY Change 80.4% -25.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $48.40M $30.12M
YoY Change 60.7% 23.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $35.50M $25.70M
YoY Change 38.13% 4530.63%
Total Long-Term Liabilities $35.50M $25.70M
YoY Change 38.13% 4530.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $48.40M $30.12M
Total Long-Term Liabilities $35.50M $25.70M
Total Liabilities $83.88M $55.78M
YoY Change 50.39% 36.12%
SHAREHOLDERS EQUITY
Retained Earnings $104.4M $88.25M
YoY Change 18.35% 36.78%
Common Stock $179.6M $166.3M
YoY Change 8.03% 9.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $131.2M $114.6M
YoY Change 14.41% 24.34%
Treasury Stock Shares 18.91M shares 18.14M shares
Shareholders Equity $153.2M $140.0M
YoY Change
Total Liabilities & Shareholders Equity $237.1M $195.8M
YoY Change 21.09% 18.84%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $3.463M $7.205M
YoY Change -51.94% 112.47%
Depreciation, Depletion And Amortization $901.0K $617.0K
YoY Change 46.03% -46.9%
Cash From Operating Activities $7.093M $13.01M
YoY Change -45.47% 201.81%
INVESTING ACTIVITIES
Capital Expenditures $1.280M $424.0K
YoY Change 201.89% -46.93%
Acquisitions
YoY Change
Other Investing Activities -$2.260M -$16.23M
YoY Change -86.08% 41.87%
Cash From Investing Activities -$3.637M -$16.71M
YoY Change -78.23% 35.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.962M $0.00
YoY Change
Debt Paid & Issued, Net $15.00K $0.00
YoY Change
Cash From Financing Activities -$9.722M $2.081M
YoY Change -567.18% -80.82%
NET CHANGE
Cash From Operating Activities $7.093M $13.01M
Cash From Investing Activities -$3.637M -$16.71M
Cash From Financing Activities -$9.722M $2.081M
Net Change In Cash -$6.266M -$1.619M
YoY Change 287.03% -156.73%
FREE CASH FLOW
Cash From Operating Activities $7.093M $13.01M
Capital Expenditures $1.280M $424.0K
Free Cash Flow $5.813M $12.58M
YoY Change -53.81% 258.42%

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2017-07-31
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CY2016Q1 us-gaap Preferred Stock Shares Issued
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0 USD
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36000 USD
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605000 USD
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30000 USD
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314000 USD
CY2016Q1 us-gaap Product Warranty Accrual
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449000 USD
CY2015Q1 us-gaap Product Warranty Accrual Payments
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118000 USD
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26000 USD
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36020000 USD
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10000 USD
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0 USD
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15000 USD
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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1000000 shares
CY2015Q4 us-gaap Short Term Investments
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50254000 USD
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1215000 USD
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1011000 USD
CY2015Q4 us-gaap Treasury Stock Shares
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18432158 shares
CY2016Q1 us-gaap Treasury Stock Shares
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18907498 shares
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122201000 USD
CY2016Q1 us-gaap Treasury Stock Value
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131163000 USD
CY2016Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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3600000 USD
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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54513000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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54498000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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53167000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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53693000 shares

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