Arista Networks, Inc. financial data

Symbol
ANET on NYSE
Industry
Computer Communications Equipment
Location
5453 Great America Parkway, Santa Clara, CA
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Jul 31, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 452 % +10.4%
Quick Ratio 100 % -2.29%
Debt-to-equity 37.2 % -7.25%
Return On Equity 32.8 % -1.86%
Return On Assets 23.9 % +0.25%
Operating Margin 41.2 % +14.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 314M shares +1.48%
Common Stock, Shares, Outstanding 314M shares +1.53%
Entity Public Float 40.8B USD +76.8%
Common Stock, Value, Issued 31K USD 0%
Weighted Average Number of Shares Outstanding, Basic 314M shares +1.64%
Weighted Average Number of Shares Outstanding, Diluted 320M shares +1.09%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 6.31B USD +19.9%
Research and Development Expense 900M USD +11.2%
Selling and Marketing Expense 417M USD +16.4%
General and Administrative Expense 121M USD +22.8%
Operating Income (Loss) 2.6B USD +36.9%
Nonoperating Income (Expense) 230M USD +149%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2.83B USD +42.1%
Income Tax Expense (Benefit) 370M USD +30.4%
Net Income (Loss) Attributable to Parent 2.46B USD +44%
Earnings Per Share, Basic 7.9 USD/shares +42.1%
Earnings Per Share, Diluted 7.72 USD/shares +42.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.43B USD +92.5%
Accounts Receivable, after Allowance for Credit Loss, Current 1.23B USD +57.3%
Inventory, Net 1.85B USD -0.57%
Other Assets, Current 274M USD +92.2%
Assets, Current 9.84B USD +43.7%
Deferred Income Tax Assets, Net 1.18B USD +66.8%
Property, Plant and Equipment, Net 96.3M USD -5.33%
Operating Lease, Right-of-Use Asset 55.9M USD +4.68%
Goodwill 269M USD 0%
Other Assets, Noncurrent 164M USD +416%
Assets 11.6B USD +42%
Accounts Payable, Current 298M USD -15.4%
Employee-related Liabilities, Current 103M USD +16.1%
Accrued Liabilities, Current 320M USD -11.8%
Contract with Customer, Liability, Current 1.33B USD +113%
Liabilities, Current 2.16B USD +30.6%
Contract with Customer, Liability, Noncurrent 789M USD +71.3%
Accrued Income Taxes, Noncurrent 108M USD +9.23%
Deferred Income Tax Liabilities, Net 0 USD
Operating Lease, Liability, Noncurrent 44.4M USD +1.02%
Other Liabilities, Noncurrent 133M USD +117%
Liabilities 3.19B USD +37.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax -15.1M USD +40.3%
Retained Earnings (Accumulated Deficit) 6.18B USD +56.3%
Stockholders' Equity Attributable to Parent 8.43B USD +43.9%
Liabilities and Equity 11.6B USD +42%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 514M USD +37.2%
Net Cash Provided by (Used in) Financing Activities -63.1M USD +7.83%
Net Cash Provided by (Used in) Investing Activities -296M USD -1259%
Common Stock, Shares Authorized 1B shares 0%
Common Stock, Shares, Issued 314M shares +1.53%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 153M USD -46.1%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.43B USD +92.4%
Deferred Tax Assets, Valuation Allowance 146M USD +10.2%
Deferred Tax Assets, Gross 1.35B USD +34%
Operating Lease, Liability 65.5M USD +2.63%
Depreciation 33.9M USD +18.1%
Payments to Acquire Property, Plant, and Equipment 9.4M USD +66.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 2.47B USD +43.3%
Lessee, Operating Lease, Liability, to be Paid 61.6M USD
Property, Plant and Equipment, Gross 301M USD +9.54%
Operating Lease, Liability, Current 21.1M USD +6.18%
Lessee, Operating Lease, Liability, to be Paid, Year Two 21.2M USD +43.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 23.5M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) -77.8M USD -9.37%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 6.48M USD -14.2%
Lessee, Operating Lease, Liability, to be Paid, Year Three 12.8M USD +9.96%
Deferred Tax Assets, Operating Loss Carryforwards 34.3M USD +16.3%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 100M shares 0%
Unrecognized Tax Benefits 163M USD +18.9%
Lessee, Operating Lease, Liability, to be Paid, Year Four 8.69M USD -9.01%
Additional Paid in Capital 2.26B USD +17.4%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 28.2M USD -24.3%
Depreciation, Depletion and Amortization 15.6M USD -25.3%
Deferred Tax Assets, Net of Valuation Allowance 1.21B USD +37.6%
Share-based Payment Arrangement, Expense 323M USD +24.1%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%