Arista Networks, Inc. (ANET) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7241,9561,536868687449
Cash and cash equivalents1,111650859568687240
Short-term investments1,6131,306676300 209
Receivables39233224725314497
Inventory, net of allowances, customer advances and progress billings2442653062369281
Inventory2442653062369281
Prepaid expense335247292130
Deferred tax assets    12
Other current assets649696792910
Other undisclosed current assets14153460  
Total current assets:3,4722,7152,2661,526974679
Noncurrent Assets
Operating lease, right-of-use asset88
Property, plant and equipment397574778072
Long-term investments and receivables, including:43036363737
Long-term investments43036363434
Other undisclosed long-term investments and receivables  0033
Intangible assets, net (including goodwill)100112    
Goodwill5554    
Intangible assets, net (excluding goodwill)4559    
Deferred income tax assets452
Other noncurrent assets302319192112
Deferred tax assets, net12665714812
Total noncurrent assets:714367194203186132
TOTAL ASSETS:4,1853,0822,4611,7291,160811
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities232217186170105107
Accounts payable929452794432
Accrued liabilities140123134916140
Employee-related liabilities     31
Taxes payable     3
Deferred revenue313
Deferred compensation liability     5
Deferred revenue and credits32827312260
Contract with customer, liability359
Other liabilities52311616811
Other undisclosed current liabilities     (38)
Total current liabilities:597607530460235144
Noncurrent Liabilities
Long-term debt and lease obligation83     
Operating lease, liability83
Liabilities, other than long-term debt6113002331239669
Deferred revenue and credits1881007546
Accounts payable and accrued liabilities553634141417
Deferred revenue263
Contract with customer, liability229
Deferred tax liabilities, net42100
Deferred income tax liabilities255
Other liabilities383210875
Other undisclosed noncurrent liabilities 3236384142
Total noncurrent liabilities:694332269162137111
Total liabilities:1,291939799621372255
Stockholders' equity
Stockholders' equity attributable to parent2,8952,1431,6621,108788556
Common stock000000
Additional paid in capital1,106957805674538426
Accumulated other comprehensive income (loss)0(4)(2)(1)(1)(0)
Retained earnings1,7881,191859435251130
Total stockholders' equity:2,8952,1431,6621,108788556
TOTAL LIABILITIES AND EQUITY:4,1853,0822,4611,7291,160811

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,4112,1511,6461,129838584
Revenue, net1,6461,129838584
Cost of revenue(866)(778)(584)(406)(294)(192)
Cost of goods and services sold(866)(778)(584)(406)(294)(3)
Gross profit:1,5441,3731,062723544392
Operating expenses(739)(1,100)(591)(480)(394)(267)
Operating income:806273470243149126
Nonoperating income (expense)56154(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:862286475242146120
Other undisclosed income from continuing operations before income taxes 3   1
Income from continuing operations before income taxes:862289475242146122
Income tax expense (benefit)(2)39(52)(58)(25)(35)
Net income attributable to parent:86032842318412187
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:85932842218311969
Other undisclosed net income available to common stockholders, diluted000002
Net income available to common stockholders, diluted:85932842218311971

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:86032842318412187
Comprehensive income:86032842318412187
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(2)(0)(1)(0)(0)
Comprehensive income, net of tax, attributable to parent:86432642318312186

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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