Arista Networks, Inc. financial data

Symbol
ANET on NYSE
Industry
Computer Communications Equipment
Location
5453 Great America Parkway, Santa Clara, California
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 442 % +10.9%
Quick Ratio 107 % +18%
Debt-to-equity 37.6 % -9.23%
Return On Equity 33.4 % +2.3%
Return On Assets 24.3 % +5.16%
Operating Margin 40 % +12.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 313M shares +1.65%
Common Stock, Shares, Outstanding 314M shares +1.79%
Entity Public Float 40.8B USD +76.8%
Common Stock, Value, Issued 31K USD 0%
Weighted Average Number of Shares Outstanding, Basic 313M shares +1.97%
Weighted Average Number of Shares Outstanding, Diluted 320M shares +1.36%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 6.08B USD +25.2%
Research and Development Expense 862M USD +13.7%
Selling and Marketing Expense 411M USD +20.9%
General and Administrative Expense 122M USD +28%
Operating Income (Loss) 2.43B USD +40.3%
Nonoperating Income (Expense) 215M USD +509%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 2.65B USD +49.7%
Income Tax Expense (Benefit) 360M USD +42.4%
Net Income (Loss) Attributable to Parent 2.29B USD +50.9%
Earnings Per Share, Basic 7.37 USD/shares +48.9%
Earnings Per Share, Diluted 7.19 USD/shares +49.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.09B USD +119%
Accounts Receivable, after Allowance for Credit Loss, Current 1.09B USD +26.3%
Inventory, Net 2.03B USD +20.4%
Other Assets, Current 274M USD +92.2%
Assets, Current 8.93B USD +42.4%
Deferred Income Tax Assets, Net 1.03B USD +58.8%
Property, Plant and Equipment, Net 97.9M USD +0.82%
Operating Lease, Right-of-Use Asset 55.9M USD +4.68%
Goodwill 269M USD +0.98%
Other Assets, Noncurrent 149M USD +217%
Assets 10.6B USD +39.9%
Accounts Payable, Current 223M USD -32.4%
Employee-related Liabilities, Current 62.9M USD +8.9%
Accrued Liabilities, Current 271M USD -23.1%
Contract with Customer, Liability, Current 998M USD +48.6%
Liabilities, Current 1.78B USD +12.5%
Contract with Customer, Liability, Noncurrent 665M USD +58.2%
Accrued Income Taxes, Noncurrent 107M USD +13.1%
Deferred Income Tax Liabilities, Net 0 USD -100%
Operating Lease, Liability, Noncurrent 44.4M USD +1.02%
Other Liabilities, Noncurrent 132M USD +127%
Liabilities 2.69B USD +21.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax -11.9M USD +44.5%
Retained Earnings (Accumulated Deficit) 5.69B USD +62.9%
Stockholders' Equity Attributable to Parent 7.86B USD +47.5%
Liabilities and Equity 10.6B USD +39.9%

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 +1.79%
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 2.09B USD +118%
Deferred Tax Assets, Valuation Allowance 146M USD +10.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 1.35B USD +34%
Operating Lease, Liability 65.5M USD +2.63%
Depreciation 33.2M USD +22.5%
Payments to Acquire Property, Plant, and Equipment 9.4M USD +66.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 2.3B USD +50.6%
Lessee, Operating Lease, Liability, to be Paid 65.9M USD
Property, Plant and Equipment, Gross 295M USD +12.7%
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 23.7M 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
Deferred Federal Income Tax Expense (Benefit) -372M USD -69.5%
Current Income Tax Expense (Benefit) 706M USD +48.9%
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%
Operating Lease, Payments 22.7M USD -5.02%
Additional Paid in Capital 2.19B USD +17.6%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 107M USD +40%
Current Federal Tax Expense (Benefit) 574M USD +59.9%
Amortization of Intangible Assets 30.8M USD -13.6%
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 311M USD +27.7%
Deferred State and Local Income Tax Expense (Benefit) -41.2M USD -18.6%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%