2023 Q1 Form 10-K Financial Statement

#000155837023002413 Filed on February 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $343.0M $336.1M $1.190B
YoY Change 33.78% 54.49% 37.82%
Cost Of Revenue $138.9M $130.5M $461.3M
YoY Change 37.99% 58.1% 43.05%
Gross Profit $204.1M $205.7M $728.6M
YoY Change 31.05% 52.29% 34.71%
Gross Profit Margin 59.5% 61.19% 61.23%
Selling, General & Admin $116.6M $114.4M $401.6M
YoY Change 29.33% 2.66% -22.03%
% of Gross Profit 57.11% 55.63% 55.11%
Research & Development $70.93M $68.72M $233.8M
YoY Change 46.49% 35.61% 20.5%
% of Gross Profit 34.75% 33.41% 32.09%
Depreciation & Amortization $6.689M $6.210M $24.38M
YoY Change 16.23% 17.75% 30.42%
% of Gross Profit 3.28% 3.02% 3.35%
Operating Expenses $187.5M $183.1M $635.4M
YoY Change 35.33% 12.96% -10.39%
Operating Profit $16.61M $22.54M $93.25M
YoY Change -3.41% -183.28% -155.47%
Interest Expense $25.28M $12.19M $103.3M
YoY Change -54.29% -220.11% 286.07%
% of Operating Profit 152.19% 54.07% 110.74%
Other Income/Expense, Net $15.61M $98.97M
YoY Change 291.73%
Pretax Income $41.88M $34.73M $196.5M
YoY Change -42.22% -193.33% -239.0%
Income Tax -$3.255M $5.555M $49.38M
% Of Pretax Income -7.77% 15.99% 25.13%
Net Earnings $45.14M $29.18M $147.1M
YoY Change -17.74% -315.98% -345.16%
Net Earnings / Revenue 13.16% 8.68% 12.37%
Basic Earnings Per Share $0.62 $2.07
Diluted Earnings Per Share $0.61 $0.40 $2.03
COMMON SHARES
Basic Shares Outstanding 72.86M 71.17M 71.09M
Diluted Shares Outstanding 73.88M 72.53M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $318.2M $392.9M $974.7M
YoY Change -28.32% -8.31% 120.01%
Cash & Equivalents $263.4M $353.7M $353.7M
Short-Term Investments $54.81M $39.24M $621.0M
Other Short-Term Assets $142.3M $73.02M $73.02M
YoY Change 111.76% 29.15% 29.15%
Inventory $220.3M $202.5M $202.5M
Prepaid Expenses
Receivables $596.8M $555.1M $555.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.053B $1.805B $1.805B
YoY Change 79.1% 62.71% 62.71%
LONG-TERM ASSETS
Property, Plant & Equipment $172.7M $169.8M $208.2M
YoY Change 15.5% 22.67% 28.74%
Goodwill $44.98M $44.98M
YoY Change 3.15% 3.19%
Intangibles $11.27M $12.16M
YoY Change -21.73% -21.41%
Long-Term Investments $327.7M $452.8M $452.8M
YoY Change 90.31% 294.56% 294.56%
Other Assets $168.2M $159.6M $278.1M
YoY Change 71.6% 62.46% 37.56%
Total Long-Term Assets $955.3M $1.047B $1.047B
YoY Change 52.51% 80.85% 80.85%
TOTAL ASSETS
Total Short-Term Assets $2.053B $1.805B $1.805B
Total Long-Term Assets $955.3M $1.047B $1.047B
Total Assets $3.008B $2.852B $2.852B
YoY Change 69.71% 68.93% 68.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.99M $59.92M $59.92M
YoY Change 33.72% 85.97% 85.97%
Accrued Expenses $120.6M $155.9M $148.7M
YoY Change 73.7% 50.36% 39.64%
Deferred Revenue $408.1M $360.0M
YoY Change 24.93% 35.56%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $616.1M $602.6M $602.6M
YoY Change 30.9% 43.99% 43.99%
LONG-TERM LIABILITIES
Long-Term Debt $674.7M $674.0M $674.0M
YoY Change
Other Long-Term Liabilities $4.511M $4.613M $306.8M
YoY Change -1.79% -14.45% 38.8%
Total Long-Term Liabilities $4.511M $4.613M $980.8M
YoY Change -1.79% -14.45% 343.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $616.1M $602.6M $602.6M
Total Long-Term Liabilities $4.511M $4.613M $980.8M
Total Liabilities $1.605B $1.583B $1.583B
YoY Change 147.81% 147.27% 147.27%
SHAREHOLDERS EQUITY
Retained Earnings $302.2M $257.0M
YoY Change 83.4% 133.91%
Common Stock $1.262B $1.175B
YoY Change 12.8% 7.25%
Preferred Stock
YoY Change
Treasury Stock (at cost) $155.9M $155.9M
YoY Change 0.0% 0.0%
Treasury Stock Shares $20.22M $20.22M
Shareholders Equity $1.403B $1.268B $1.268B
YoY Change
Total Liabilities & Shareholders Equity $3.008B $2.852B $2.852B
YoY Change 69.71% 68.93% 68.93%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $45.14M $29.18M $147.1M
YoY Change -17.74% -315.98% -345.16%
Depreciation, Depletion And Amortization $6.689M $6.210M $24.38M
YoY Change 16.23% 17.75% 30.42%
Cash From Operating Activities -$56.32M $131.1M $235.4M
YoY Change -228.11% 914.08% 89.05%
INVESTING ACTIVITIES
Capital Expenditures $8.513M $11.70M $55.80M
YoY Change -50.21% -185.89% 11.86%
Acquisitions $2.104M
YoY Change -90.6%
Other Investing Activities -$64.04M -$517.3M -$774.9M
YoY Change -1043.51% -399.41% -355.87%
Cash From Investing Activities -$72.67M -$529.0M -$831.0M
YoY Change 602.3% -432.38% -429.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.99M 600.6M 598.1M
YoY Change -2703.84% -717.36% -443.38%
NET CHANGE
Cash From Operating Activities -56.32M 131.1M 235.4M
Cash From Investing Activities -72.67M -529.0M -831.0M
Cash From Financing Activities 37.99M 600.6M 598.1M
Net Change In Cash -90.23M 202.7M -886.0K
YoY Change -381.96% 171.03% -100.44%
FREE CASH FLOW
Cash From Operating Activities -$56.32M $131.1M $235.4M
Capital Expenditures $8.513M $11.70M $55.80M
Free Cash Flow -$64.84M $119.4M $179.6M
YoY Change -341.33% 349.8% 140.67%

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CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66191000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61782000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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72534000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66191000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1237000
CY2022 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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-1044000
CY2021 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-207000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
141277000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q4 us-gaap Stockholders Equity
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CY2020 us-gaap Stock Issued During Period Value New Issues
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306779000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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133572000
CY2020 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1050000
CY2020 us-gaap Net Income Loss
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1237000
CY2020Q4 us-gaap Stockholders Equity
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976255000
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
105514000
CY2022 axon Credit Loss Reserve
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699000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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CY2021 us-gaap Stock Issued During Period Value Stock Options Exercised
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51614000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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303331000
CY2021 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
3920000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-60018000
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1458000
CY2021Q4 us-gaap Stockholders Equity
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1047849000
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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-4870000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
106176000
CY2022 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
48858000
CY2022 axon Adjustments To Additional Paid In Capital Purchase Of Convertible Note Hedge
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194994000
CY2022 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
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124269000
CY2022 us-gaap Net Income Loss
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147139000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1268491000
CY2022 us-gaap Profit Loss
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147139000
CY2021 us-gaap Profit Loss
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-60018000
CY2020 us-gaap Profit Loss
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-1724000
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24381000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18694000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
12475000
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
198000
CY2022 axon Payment Of Coupon Interest
PaymentOfCouponInterest
211000
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
58000
CY2022 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-110000
CY2021 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-146000
CY2020 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-320000
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-5452000
CY2021 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-92000
CY2020 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1722000
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
98943000
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
23035000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
106176000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
303331000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
133572000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
22090000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 axon Provision For Unrecognized Tax Benefits
ProvisionForUnrecognizedTaxBenefits
3475000
CY2021 axon Provision For Unrecognized Tax Benefits
ProvisionForUnrecognizedTaxBenefits
-706000
CY2020 axon Provision For Unrecognized Tax Benefits
ProvisionForUnrecognizedTaxBenefits
671000
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-1463000
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5217000
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3345000
CY2022 axon Non Cash Lease Expense
NonCashLeaseExpense
6725000
CY2021 axon Non Cash Lease Expense
NonCashLeaseExpense
5573000
CY2020 axon Non Cash Lease Expense
NonCashLeaseExpense
4104000
CY2021 axon Credit Loss Reserve
CreditLossReserve
-214000
CY2020 axon Credit Loss Reserve
CreditLossReserve
1302000
CY2022 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
73228000
CY2021 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
205769000
CY2020 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
107762000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
95987000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18272000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
52156000
CY2022 axon Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
52207000
CY2021 axon Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
40158000
CY2020 axon Increase Decrease In Prepaid Expense And Other Current Assets
IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets
14885000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
80757000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
45301000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8886000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
159718000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
175615000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
65139000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
235361000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
124494000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38481000
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
764374000
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
362479000
CY2020 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
656522000
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
72138000
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
718617000
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
379839000
CY2022 axon Payments On Exercise Of Warrants Of Strategic Investment
PaymentsOnExerciseOfWarrantsOfStrategicInvestment
6555000
CY2021 axon Proceeds From Equity Securities Without Readily Determinable Fair Value
ProceedsFromEquitySecuritiesWithoutReadilyDeterminableFairValue
14546000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55802000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49886000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72629000
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
287000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
43000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
95000
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
307000
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
392000
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
241000
CY2022 axon Payments To Acquire Equity Securities Without Readily Determinable Fair Value
PaymentsToAcquireEquitySecuritiesWithoutReadilyDeterminableFairValue
74250000
CY2021 axon Payments To Acquire Equity Securities Without Readily Determinable Fair Value
PaymentsToAcquireEquitySecuritiesWithoutReadilyDeterminableFairValue
45500000
CY2020 axon Payments To Acquire Equity Securities Without Readily Determinable Fair Value
PaymentsToAcquireEquitySecuritiesWithoutReadilyDeterminableFairValue
7068000
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2104000
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
22393000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-830967000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
252556000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-356526000
CY2022 axon Net Proceeds From Equity Offering
NetProceedsFromEquityOffering
-74000
CY2021 axon Net Proceeds From Equity Offering
NetProceedsFromEquityOffering
105514000
CY2020 axon Net Proceeds From Equity Offering
NetProceedsFromEquityOffering
306779000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
51614000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
295000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4870000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
331309000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7809000
CY2022 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
673769000
CY2022 us-gaap Proceeds From Issuance Of Warrants
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124269000
CY2022 us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
194994000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
598100000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-174181000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
299265000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3380000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1982000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1976000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-886000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
200887000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-16804000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
356438000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
155551000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172355000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
355552000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
356438000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
155551000
CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff
0
CY2022 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Writeoff
DebtSecuritiesAvailableForSaleAllowanceForCreditLossWriteoff
0
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
1900000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
100000
CY2022Q4 axon Restricted Cash Including Prepaid Expenses And Other Assets
RestrictedCashIncludingPrepaidExpensesAndOtherAssets
1800000
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5300000
CY2022 axon Number Of Revenue Sources
NumberOfRevenueSources
2
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3600000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3300000
CY2022 axon Warranty Period After Purchase Of Product
WarrantyPeriodAfterPurchaseOfProduct
P1Y
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2822000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
769000
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1476000
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2209000
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
873000
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
700000
CY2022 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
198000
CY2021 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
2926000
CY2020 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-7000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
811000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2822000
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
769000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
233800000
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
194000000.0
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
123200000
CY2022 axon Number Of Depository Institutions
NumberOfDepositoryInstitutions
3
CY2022Q4 axon Cash And Cash Equivalents Held At Depository Institutions With Significant Concentrations
CashAndCashEquivalentsHeldAtDepositoryInstitutionsWithSignificantConcentrations
139900000
CY2022 axon Number Of Depository Institutions
NumberOfDepositoryInstitutions
3
CY2022Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
4300000
CY2021Q4 us-gaap Cash Surrender Value Fair Value Disclosure
CashSurrenderValueFairValueDisclosure
5300000
CY2022Q4 axon Debt Instrument Principal Amount Denomination For Fair Value Calculation
DebtInstrumentPrincipalAmountDenominationForFairValueCalculation
1000
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Net Income Loss
NetIncomeLoss
147139000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-60018000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1189935000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-1724000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
71093000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66191000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61782000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1441000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72534000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66191000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61782000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.07
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.91
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.03
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.91
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9298000
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7690000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12150000
CY2022 us-gaap Reclassifications
Reclassifications
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Reclassification of Prior Year Presentation</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:21.6pt;margin:0pt 0pt 12pt 0pt;">Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications are not material and had no effect on the reported results of operations.</p>
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
863381000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
681003000
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1189935000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
863381000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
681003000
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
8900000
CY2022 axon Revenue From Contract With Customer Payment Due Date From Date Of Invoice
RevenueFromContractWithCustomerPaymentDueDateFromDateOfInvoice
P30D
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
242072000
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
210174000
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
84044000
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
608040000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
451312000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
275181000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
261271000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
177812000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
135513000
CY2022 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
31900000
CY2022 axon Increase In Contract With Customer Asset Percentage
IncreaseInContractWithCustomerAssetPercentage
0.152
CY2022 axon Increase In Contract With Customer Liability
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CY2022Q4 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
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CY2021Q4 axon Allowance For Expected Credit Losses On Customer Receivables
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CY2021Q4 us-gaap Inventory Raw Materials
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CY2021Q4 axon Deferred Implementation Costs
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 axon Income Tax Reconciliation Change In Liability For Unrecognized Tax Benefits
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CY2020 axon Income Tax Reconciliation Change In Liability For Unrecognized Tax Benefits
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