EX-12.1 5 ex121-computationofratioof.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1

Axon Enterprise, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

 
 
Year Ended December 31,
 
Three Months Ended March 31,
 
 
2013
 
2014
 
2015
 
2016
 
2017
 
2018
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
 
$
28,034

 
32,311

 
35,361

 
31,497

 
15,761

 
14,846

Add: fixed charges
 
299

 
304

 
341

 
606

 
1,151

 
304

Total earnings
 
$
28,333

 
$
32,615

 
$
35,702

 
$
32,103

 
$
16,912

 
$
15,150

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
Interest expensed
 
16

 
12

 
10

 
13

 
186

 
20

Estimated interest component of rental expense
 
283

 
292

 
331

 
593

 
965

 
284

Total fixed charges
 
$
299

 
$
304

 
$
341

 
$
606

 
$
1,151

 
$
304

Ratio of earnings to fixed charges
 
$
94.76

 
$
107.29

 
$
104.70

 
$
52.98

 
$
14.69

 
$
49.84