Arista Networks, Inc. (ANET) Financial Statements (2025 and earlier)

Company Profile

Business Address 5453 GREAT AMERICA PARKWAY
SANTA CLARA, CA 95054
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3576 - Computer Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0083,0243,4082,8732,7241,956
Cash and cash equivalent1,9396726218931,111650
Short-term investments3,0692,3522,7881,9801,6131,306
Receivables1,025923517390392332
Inventory, net of allowances, customer advances and progress billings1,9451,290650480244265
Inventory1,9451,290650480244265
Prepaid expense 2822828163352
Other current assets  124164616496
Other undisclosed current assets13116246191415
Total current assets:8,3905,5514,8133,8373,4722,715
Noncurrent Assets
Operating lease, right-of-use asset  53657788✕
Property, plant and equipment1029579323975
Long-term investments and receivables  39208430
Long-term investments  39208430
Intangible assets, net (including goodwill), including:357388282312100112
Goodwill 2692661881905554
Intangible assets, net (excluding goodwill)89122941234559
Other undisclosed intangible assets, net (including goodwill)      
Deferred income tax assets946575442442452✕
Other noncurrent assets1527433303023
Deferred tax assets, net✕✕✕✕✕✕126
Total noncurrent assets:1,5571,225922902714367
TOTAL ASSETS:9,9476,7755,7344,7394,1853,082
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities842525429278232217
Accounts payable4352332031349294
Accrued liabilities407292227143140123
Deferred revenue915637594396313✕
Other liabilities15213187945231
Contract with customer, liability✕✕✕✕✕✕359
Total current liabilities:1,9101,2941,110768597607
Noncurrent Liabilities
Long-term debt and lease obligation:   577283 
Liabilities, other than long-term debt818596589578611300
Accounts payable and accrued liabilities 969070535536
Deferred revenue591404336255263✕
Contract with customer, liability✕✕✕✕✕✕229
Deferred tax liabilities, net✕✕✕✕✕✕4
Deferred income tax liabilities  0129228255✕
Other liabilities1315855423832
Operating lease, liability  44577283✕
Other undisclosed noncurrent liabilities      32
Total noncurrent liabilities:818596646650694332
Total liabilities:2,7281,8901,7561,4191,291939
Equity
Equity, attributable to parent7,2194,8863,9793,3202,8952,143
Common stock000000
Additional paid in capital2,1081,7811,5301,2921,106957
Accumulated other comprehensive income (loss)(3)(34)(8)00(4)
Retained earnings5,1143,1392,4572,0281,7881,191
Total equity:7,2194,8863,9793,3202,8952,143
TOTAL LIABILITIES AND EQUITY:9,9476,7755,7344,7394,1853,082

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5,8604,3812,9482,3182,4112,151
Cost of revenue
(Cost of Product and Service Sold)		(2,230)(1,706)(1,067)(836)(866)(778)
Gross profit:3,6302,6761,8811,4821,5441,373
Operating expenses(1,373)(1,149)(956)(782)(739)(1,100)
Operating income:2,2571,527925700806273
Nonoperating income165556395615
Investment income, nonoperating12(0)(1)(2)(0)0
Other nonoperating income      18
Interest and debt expense      (3)
Income from continuing operations before equity method investments, income taxes:2,4221,582931739862286
Other undisclosed income from continuing operations before income taxes      3
Income from continuing operations before income taxes:2,4221,582931739862289
Income tax expense (benefit)(335)(229)(90)(104)(2)39
Income from continuing operations:2,0871,352841635860328
Income before gain (loss) on sale of properties:✕✕✕841635860328
Net income attributable to parent:2,0871,352841635860328
Undistributed earnings (loss) allocated to participating securities, basic     (0)(0)
Net income available to common stockholders, basic:2,0871,352841635859328
Other undisclosed net income available to common stockholders, diluted     00
Net income available to common stockholders, diluted:2,0871,352841635859328

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:2,0871,352841635860328
Comprehensive income:2,0871,352841635860328
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31(26)(9)04(2)
Comprehensive income, net of tax, attributable to parent:2,1181,327832635864326

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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