Arista Networks, Inc. (ANET) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8732,7241,9561,536868687449
Cash and cash equivalents8931,111650859568687240
Short-term investments1,9801,6131,306676300 209
Receivables39039233224725314497
Inventory, net of allowances, customer advances and progress billings4802442653062369281
Inventory4802442653062369281
Prepaid expense16335247292130
Deferred tax assets    12
Other current assets61649696792910
Other undisclosed current assets1914153460  
Total current assets:3,8373,4722,7152,2661,526974679
Noncurrent Assets
Operating lease, right-of-use asset7788
Property, plant and equipment32397574778072
Long-term investments and receivables, including:843036363737
Long-term investments843036363434
Other undisclosed long-term investments and receivables   0033
Intangible assets, net (including goodwill)312100112    
Goodwill1905554    
Intangible assets, net (excluding goodwill)1234559    
Deferred income tax assets442452
Other noncurrent assets30302319192112
Deferred tax assets, net12665714812
Total noncurrent assets:902714367194203186132
TOTAL ASSETS:4,7394,1853,0822,4611,7291,160811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities278232217186170105107
Accounts payable134929452794432
Accrued liabilities143140123134916140
Employee-related liabilities      31
Taxes payable      3
Deferred revenue396313
Deferred compensation liability      5
Deferred revenue and credits32827312260
Contract with customer, liability359
Other liabilities9452311616811
Other undisclosed current liabilities      (38)
Total current liabilities:768597607530460235144
Noncurrent Liabilities
Long-term debt and lease obligation7283     
Operating lease, liability7283
Liabilities, other than long-term debt5786113002331239669
Deferred revenue and credits1881007546
Accounts payable and accrued liabilities53553634141417
Deferred revenue255263
Contract with customer, liability229
Deferred tax liabilities, net42100
Deferred income tax liabilities228255
Other liabilities42383210875
Other undisclosed noncurrent liabilities  3236384142
Total noncurrent liabilities:650694332269162137111
Total liabilities:1,4191,291939799621372255
Stockholders' equity
Stockholders' equity attributable to parent3,3202,8952,1431,6621,108788556
Common stock0000000
Additional paid in capital1,2921,106957805674538426
Accumulated other comprehensive income (loss)00(4)(2)(1)(1)(0)
Retained earnings2,0281,7881,191859435251130
Total stockholders' equity:3,3202,8952,1431,6621,108788556
TOTAL LIABILITIES AND EQUITY:4,7394,1853,0822,4611,7291,160811

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,3182,4112,1511,6461,129838584
Revenue, net1,6461,129838584
Cost of revenue(836)(866)(778)(584)(406)(294)(192)
Cost of goods and services sold(836)(866)(778)(584)(406)(294)(3)
Gross profit:1,4821,5441,3731,062723544392
Operating expenses(782)(739)(1,100)(591)(480)(394)(267)
Operating income:700806273470243149126
Nonoperating income (expense)3956154(1)(3)(4)
Other nonoperating income (expense)  1872(0)2
Interest and debt expense  (3)   (1)
Income from continuing operations before equity method investments, income taxes:739862286475242146120
Other undisclosed income from continuing operations before income taxes  3   1
Income from continuing operations before income taxes:739862289475242146122
Income tax expense (benefit)(104)(2)39(52)(58)(25)(35)
Net income attributable to parent:63586032842318412187
Undistributed earnings (loss) allocated to participating securities, basic (0)(0)(1)
Other undisclosed net loss available to common stockholders, basic    (1)(2)(18)
Net income available to common stockholders, basic:63585932842218311969
Other undisclosed net income available to common stockholders, diluted 000002
Net income available to common stockholders, diluted:63585932842218311971

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:63586032842318412187
Comprehensive income:63586032842318412187
Other undisclosed comprehensive income (loss), net of tax, attributable to parent04(2)(0)(1)(0)(0)
Comprehensive income, net of tax, attributable to parent:63586432642318312186

Statements sources

The financial statements are based on the company's filings with the 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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