Arista Networks, Inc. (ANET) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0243,4082,8732,7241,9561,536
Cash and cash equivalents6726218931,111650859
Short-term investments2,3522,7881,9801,6131,306676
Receivables923517390392332247
Inventory, net of allowances, customer advances and progress billings1,290650480244265306
Inventory1,290650480244265306
Prepaid expense 282816335247
Other current assets12416461649696
Other undisclosed current assets1624619141534
Total current assets:5,5514,8133,8373,4722,7152,266
Noncurrent Assets
Operating lease, right-of-use asset53657788
Property, plant and equipment957932397574
Long-term investments and receivables, including: 3920843036
Long-term investments 3920843036
Other undisclosed long-term investments and receivables      0
Intangible assets, net (including goodwill)388282312100112 
Goodwill2661881905554 
Intangible assets, net (excluding goodwill)122941234559 
Deferred income tax assets575442442452
Other noncurrent assets743330302319
Deferred tax assets, net12665
Other undisclosed noncurrent assets      
Total noncurrent assets:1,225922902714367194
TOTAL ASSETS:6,7755,7344,7394,1853,0822,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities525429278232217186
Accounts payable233203134929452
Accrued liabilities292227143140123134
Deferred revenue637594396313
Deferred revenue and credits328
Contract with customer, liability359
Other liabilities1318794523116
Total current liabilities:1,2941,110768597607530
Noncurrent Liabilities
Long-term debt and lease obligation:  577283  
Liabilities, other than long-term debt596589578611300233
Deferred revenue and credits188
Accounts payable and accrued liabilities907053553634
Deferred revenue404336255263
Contract with customer, liability229
Deferred tax liabilities, net42
Deferred income tax liabilities 0129228255
Other liabilities585542383210
Operating lease, liability44577283
Other undisclosed noncurrent liabilities     3236
Total noncurrent liabilities:596646650694332269
Total liabilities:1,8901,7561,4191,291939799
Equity
Equity, attributable to parent4,8863,9793,3202,8952,1431,662
Common stock000000
Additional paid in capital1,7811,5301,2921,106957805
Accumulated other comprehensive income (loss)(34)(8)00(4)(2)
Retained earnings3,1392,4572,0281,7881,191859
Total equity:4,8863,9793,3202,8952,1431,662
TOTAL LIABILITIES AND EQUITY:6,7755,7344,7394,1853,0822,461

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,3812,9482,3182,4112,1511,646
Revenue, net1,646
Cost of revenue
(Cost of Goods and Services Sold)
(1,706)(1,067)(836)(866)(778)(584)
Gross profit:2,6761,8811,4821,5441,3731,062
Operating expenses(1,149)(956)(782)(739)(1,100)(591)
Operating income:1,527925700806273470
Nonoperating income5563956154
Investment income, nonoperating(0)(1)(2)(0)0 
Other nonoperating income     187
Interest and debt expense     (3) 
Income from continuing operations before equity method investments, income taxes:1,582931739862286475
Other undisclosed income from continuing operations before income taxes     3 
Income from continuing operations before income taxes:1,582931739862289475
Income tax expense (benefit)(229)(90)(104)(2)39(52)
Income from continuing operations:1,352841635860328423
Income before gain (loss) on sale of properties:841635860328423
Net income attributable to parent:1,352841635860328423
Undistributed earnings (loss) allocated to participating securities, basic    (0)(0)(1)
Net income available to common stockholders, basic:1,352841635859328422
Other undisclosed net income available to common stockholders, diluted    000
Net income available to common stockholders, diluted:1,352841635859328422

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,352841635860328423
Comprehensive income:1,352841635860328423
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(26)(9)04(2)(0)
Comprehensive income, net of tax, attributable to parent:1,327832635864326423

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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