Arista Networks, Inc. (ANET) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,4082,8732,7241,9561,536868687
Cash and cash equivalents6218931,111650859568687
Short-term investments2,7881,9801,6131,306676300 
Receivables517390392332247253144
Inventory, net of allowances, customer advances and progress billings65048024426530623692
Inventory65048024426530623692
Prepaid expense28163352472921
Other current assets164616496967929
Other undisclosed current assets461914153460 
Total current assets:4,8133,8373,4722,7152,2661,526974
Noncurrent Assets
Operating lease, right-of-use asset657788
Property, plant and equipment79323975747780
Long-term investments and receivables, including:208430363637
Long-term investments208430363634
Other undisclosed long-term investments and receivables    003
Intangible assets, net (including goodwill)282312100112   
Goodwill1881905554   
Intangible assets, net (excluding goodwill)941234559   
Deferred income tax assets442442452
Other noncurrent assets33303023191921
Deferred tax assets, net126657148
Total noncurrent assets:922902714367194203186
TOTAL ASSETS:5,7344,7394,1853,0822,4611,7291,160
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities429278232217186170105
Accounts payable2031349294527944
Accrued liabilities2271431401231349161
Deferred revenue594396313
Deferred revenue and credits328273122
Contract with customer, liability359
Other liabilities8794523116168
Total current liabilities:1,110768597607530460235
Noncurrent Liabilities
Long-term debt and lease obligation577283    
Operating lease, liability577283
Liabilities, other than long-term debt58957861130023312396
Deferred revenue and credits18810075
Accounts payable and accrued liabilities70535536341414
Deferred revenue336255263
Contract with customer, liability229
Deferred tax liabilities, net4210
Deferred income tax liabilities129228255
Other liabilities554238321087
Other undisclosed noncurrent liabilities   32363841
Total noncurrent liabilities:646650694332269162137
Total liabilities:1,7561,4191,291939799621372
Stockholders' equity
Stockholders' equity attributable to parent3,9793,3202,8952,1431,6621,108788
Common stock0000000
Additional paid in capital1,5301,2921,106957805674538
Accumulated other comprehensive income (loss)(8)00(4)(2)(1)(1)
Retained earnings2,4572,0281,7881,191859435251
Total stockholders' equity:3,9793,3202,8952,1431,6621,108788
TOTAL LIABILITIES AND EQUITY:5,7344,7394,1853,0822,4611,7291,160

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,9482,3182,4112,1511,6461,129838
Revenue, net1,6461,129838
Cost of revenue
(Cost of Goods and Services Sold)
(1,067)(836)(866)(778)(584)(406)(294)
Gross profit:1,8811,4821,5441,3731,062723544
Operating expenses(956)(782)(739)(1,100)(591)(480)(394)
Operating income:925700806273470243149
Nonoperating income (expense)63956154(1)(3)
Investment income, nonoperating(1)(2)(0)0   
Other nonoperating income (expense)   1872(0)
Interest and debt expense   (3)   
Income from continuing operations before equity method investments, income taxes:931739862286475242146
Other undisclosed income from continuing operations before income taxes   3   
Income from continuing operations before income taxes:931739862289475242146
Income tax expense (benefit)(90)(104)(2)39(52)(58)(25)
Net income attributable to parent:841635860328423184121
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0)(1)
Other undisclosed net loss available to common stockholders, basic     (1)(2)
Net income available to common stockholders, basic:841635859328422183119
Other undisclosed net income available to common stockholders, diluted  00000
Net income available to common stockholders, diluted:841635859328422183119

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:841635860328423184121
Comprehensive income:841635860328423184121
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9)04(2)(0)(1)(0)
Comprehensive income, net of tax, attributable to parent:832635864326423183121

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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