ANET: Arista Networks Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Arista Networks Inc (ANET).
$139.24B Market Cap.
ANET Market Cap. (MRY)
ANET Shares Outstanding (MRY)
ANET Assets (MRY)
Total Assets
$14.04B
Total Liabilities
$4.05B
Total Investments
$5.54B
ANET Income (MRY)
Revenue
$7.00B
Net Income
$2.85B
Operating Expense
$1.55B
ANET Cash Flow (MRY)
CF Operations
$3.71B
CF Investing
-$2.46B
CF Financing
-$421.81M
ANET Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $14,043,900,000 (41.05%) | $9,956,635,000 (46.95%) | $6,775,410,000 (18.15%) | $5,734,429,000 (21.01%) |
Assets Current | $11,910,900,000 (41.80%) | $8,400,064,000 (51.33%) | $5,550,748,000 (15.34%) | $4,812,676,000 (25.43%) |
Assets Non-Current | $2,133,000,000 (37.03%) | $1,556,571,000 (27.10%) | $1,224,662,000 (32.86%) | $921,753,000 (2.20%) |
Goodwill & Intangible Assets | $268,500,000 (-24.85%) | $357,299,000 (-7.94%) | $388,129,000 (37.66%) | $281,952,000 (-9.77%) |
Shareholders Equity | $9,994,800,000 (38.45%) | $7,219,059,000 (47.76%) | $4,885,820,000 (22.80%) | $3,978,600,000 (19.83%) |
Property Plant & Equipment Net | $98,800,000 (-2.74%) | $101,580,000 (6.92%) | $95,009,000 (-33.94%) | $143,816,000 (31.32%) |
Cash & Equivalents | $2,762,400,000 (42.49%) | $1,938,606,000 (188.61%) | $671,707,000 (8.20%) | $620,813,000 (-30.50%) |
Accumulated Other Comprehensive Income | -$13,200,000 (-296.63%) | -$3,328,000 (90.19%) | -$33,908,000 (-308.53%) | -$8,300,000 (-3587.39%) |
Deferred Revenue | $2,791,400,000 (85.33%) | $1,506,204,000 (44.65%) | $1,041,246,000 (12.04%) | $929,312,000 (42.79%) |
Total Investments | $5,541,100,000 (80.53%) | $3,069,362,000 (30.50%) | $2,352,022,000 (-16.23%) | $2,807,749,000 (41.24%) |
Investments Current | $5,541,100,000 (80.53%) | $3,069,362,000 (30.50%) | $2,352,022,000 (-15.62%) | $2,787,502,000 (40.81%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $20,247,000 (143.53%) |
Inventory | $1,834,600,000 (-5.68%) | $1,945,180,000 (50.82%) | $1,289,706,000 (98.38%) | $650,117,000 (35.53%) |
Trade & Non-Trade Receivables | $1,140,500,000 (10.26%) | $1,034,398,000 (12.06%) | $923,096,000 (78.72%) | $516,509,000 (32.59%) |
Trade & Non-Trade Payables | $381,100,000 (-12.40%) | $435,059,000 (87.06%) | $232,572,000 (14.77%) | $202,636,000 (50.96%) |
Accumulated Retained Earnings (Deficit) | $7,542,500,000 (47.49%) | $5,114,025,000 (62.92%) | $3,138,983,000 (27.77%) | $2,456,823,000 (21.17%) |
Tax Assets | $1,440,400,000 (52.30%) | $945,792,000 (64.51%) | $574,912,000 (29.98%) | $442,295,000 (0.17%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $89,839,000 (-54.85%) | $198,990,000 (-29.18%) |
Total Debt | $0 (0%) | $0 (0%) | $0 (0%) | $56,527,000 (-21.92%) |
Debt Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Debt Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $56,527,000 (-21.92%) |
Total Liabilities | $4,049,100,000 (47.91%) | $2,737,576,000 (44.88%) | $1,889,590,000 (7.62%) | $1,755,829,000 (23.77%) |
Liabilities Current | $2,732,200,000 (42.34%) | $1,919,435,000 (48.39%) | $1,293,531,000 (16.55%) | $1,109,829,000 (44.46%) |
Liabilities Non-Current | $1,316,900,000 (60.96%) | $818,141,000 (37.26%) | $596,059,000 (-7.73%) | $646,000,000 (-0.67%) |
ANET Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $7,003,146,000 (19.50%) | $5,860,168,000 (33.75%) | $4,381,310,000 (48.62%) | $2,948,037,000 (27.21%) |
Cost of Revenue | $2,511,843,000 (12.64%) | $2,229,887,000 (30.74%) | $1,705,614,000 (59.81%) | $1,067,258,000 (27.72%) |
Selling General & Administrative Expense | $549,970,000 (6.15%) | $518,114,000 (23.30%) | $420,196,000 (13.79%) | $369,288,000 (24.92%) |
Research & Development Expense | $996,717,000 (16.59%) | $854,918,000 (17.37%) | $728,394,000 (24.14%) | $586,752,000 (20.58%) |
Operating Expenses | $1,546,687,000 (12.65%) | $1,373,032,000 (19.54%) | $1,148,590,000 (20.14%) | $956,040,000 (22.22%) |
Interest Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Income Tax Expense | $412,980,000 (23.39%) | $334,705,000 (45.94%) | $229,350,000 (154.76%) | $90,025,000 (-13.69%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $2,852,054,000 (36.64%) | $2,087,321,000 (54.34%) | $1,352,446,000 (60.84%) | $840,854,000 (32.51%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | $2,852,054,000 (36.64%) | $2,087,321,000 (54.34%) | $1,352,446,000 (60.84%) | $840,854,000 (32.51%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $2,852,054,000 (36.64%) | $2,087,321,000 (54.34%) | $1,352,446,000 (60.84%) | $840,854,000 (32.51%) |
Weighted Average Shares | $1,256,303,000 (1.53%) | $1,237,417,000 (0.94%) | $1,225,891,000 (-0.01%) | $1,226,048,000 (0.85%) |
Weighted Average Shares Diluted | $1,281,077,000 (0.99%) | $1,268,538,000 (0.21%) | $1,265,835,000 (-0.87%) | $1,276,952,000 (0.43%) |
Earning Before Interest & Taxes (EBIT) | $3,265,034,000 (34.81%) | $2,422,026,000 (53.12%) | $1,581,796,000 (69.92%) | $930,879,000 (25.99%) |
Gross Profit | $4,491,303,000 (23.72%) | $3,630,281,000 (35.68%) | $2,675,696,000 (42.27%) | $1,880,779,000 (26.92%) |
Operating Income | $2,944,616,000 (30.45%) | $2,257,249,000 (47.81%) | $1,527,106,000 (65.14%) | $924,739,000 (32.17%) |
ANET Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$2,457,354,000 (-257.46%) | -$687,454,000 (-417.78%) | $216,327,000 (123.37%) | -$925,562,000 (-52.03%) |
Net Cash Flow from Financing | -$421,810,000 (-403.66%) | -$83,749,000 (87.21%) | -$654,601,000 (-81.39%) | -$360,882,000 (-4.20%) |
Net Cash Flow from Operations | $3,708,235,000 (82.31%) | $2,034,014,000 (312.74%) | $492,813,000 (-51.49%) | $1,015,856,000 (38.19%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $824,304,000 (-34.76%) | $1,263,486,000 (2380.93%) | $50,928,000 (118.70%) | -$272,404,000 (-24.92%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $1,799,000 (101.24%) | -$145,087,000 (-11269.13%) | $1,299,000 (100.57%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$2,418,694,000 (-271.16%) | -$651,655,000 (-255.62%) | $418,749,000 (148.57%) | -$862,125,000 (-135.55%) |
Capital Expenditure | -$32,032,000 (6.98%) | -$34,434,000 (22.87%) | -$44,644,000 (31.04%) | -$64,736,000 (-320.80%) |
Issuance (Repayment) of Debt Securities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Issuance (Purchase) of Equity Shares | -$363,438,000 (-624.18%) | -$50,186,000 (91.93%) | -$621,876,000 (-80.57%) | -$344,400,000 (-2.01%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$4,767,000 (-806.22%) | $675,000 (118.69%) | -$3,611,000 (-98.84%) | -$1,816,000 (-192.37%) |
Share Based Compensation | $355,364,000 (19.75%) | $296,756,000 (28.50%) | $230,934,000 (23.58%) | $186,875,000 (36.36%) |
Depreciation Amortization & Accretion | $62,038,000 (-12.16%) | $70,630,000 (12.65%) | $62,700,000 (-7.04%) | $67,446,000 (29.39%) |
ANET Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 64.10% (3.55%) | 61.90% (1.31%) | 61.10% (-4.23%) | 63.80% (-0.16%) |
Profit Margin | 40.70% (14.33%) | 35.60% (15.21%) | 30.90% (8.42%) | 28.50% (4.01%) |
EBITDA Margin | 47.50% (11.76%) | 42.50% (13.33%) | 37.50% (10.62%) | 33.90% (-0.59%) |
Return on Average Equity (ROAE) | 32.10% (-4.18%) | 33.50% (8.06%) | 31.00% (38.39%) | 22.40% (8.21%) |
Return on Average Assets (ROAA) | 23.30% (-2.92%) | 24.00% (10.09%) | 21.80% (37.97%) | 15.80% (9.72%) |
Return on Sales (ROS) | 46.60% (12.83%) | 41.30% (14.40%) | 36.10% (14.24%) | 31.60% (-0.94%) |
Return on Invested Capital (ROIC) | 46.30% (-1.91%) | 47.20% (17.71%) | 40.10% (47.43%) | 27.20% (1.12%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 48.69 (39.76%) | 34.84 (26.32%) | 27.58 (-47.43%) | 52.46 (50.80%) |
Price to Sales Ratio (P/S) | 19.83 (59.49%) | 12.43 (46.47%) | 8.49 (-43.21%) | 14.95 (56.88%) |
Price to Book Ratio (P/B) | 13.93 (37.26%) | 10.15 (33.72%) | 7.59 (-31.63%) | 11.1 (67.68%) |
Debt to Equity Ratio (D/E) | 0.41 (6.86%) | 0.38 (-2.07%) | 0.39 (-12.24%) | 0.44 (3.28%) |
Earnings Per Share (EPS) | 2.27 (34.32%) | 1.69 (53.64%) | 1.1 (60.58%) | 0.69 (31.23%) |
Sales Per Share (SPS) | 5.57 (17.69%) | 4.74 (32.51%) | 3.57 (48.61%) | 2.4 (26.18%) |
Free Cash Flow Per Share (FCFPS) | 2.93 (81.06%) | 1.62 (341.53%) | 0.37 (-52.84%) | 0.78 (31.08%) |
Book Value Per Share (BVPS) | 7.96 (36.37%) | 5.83 (46.36%) | 3.99 (22.84%) | 3.25 (18.82%) |
Tangible Assets Book Value Per Share (TABVPS) | 10.96 (41.34%) | 7.76 (48.91%) | 5.21 (17.16%) | 4.45 (22.14%) |
Enterprise Value Over EBIT (EV/EBIT) | 42 (40.00%) | 30 (30.43%) | 23 (-51.06%) | 47 (62.07%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 40.9 (42.44%) | 28.71 (29.67%) | 22.14 (-49.30%) | 43.68 (63.81%) |
Asset Turnover | 0.57 (-15.28%) | 0.67 (-4.40%) | 0.7 (27.26%) | 0.55 (5.12%) |
Current Ratio | 4.36 (-0.39%) | 4.38 (1.98%) | 4.29 (-1.04%) | 4.34 (-13.19%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $3,676,203,000 (83.85%) | $1,999,580,000 (346.17%) | $448,169,000 (-52.88%) | $951,120,000 (32.15%) |
Enterprise Value (EV) | $136,066,082,072 (90.13%) | $71,566,420,442 (96.55%) | $36,412,050,952 (-16.49%) | $43,602,660,625 (106.75%) |
Earnings Before Tax (EBT) | $3,265,034,000 (34.81%) | $2,422,026,000 (53.12%) | $1,581,796,000 (69.92%) | $930,879,000 (25.99%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $3,327,072,000 (33.47%) | $2,492,656,000 (51.58%) | $1,644,496,000 (64.73%) | $998,325,000 (26.21%) |
Invested Capital | $8,280,800,000 (44.23%) | $5,741,295,000 (29.83%) | $4,422,043,000 (17.04%) | $3,778,362,000 (33.16%) |
Working Capital | $9,178,700,000 (41.63%) | $6,480,629,000 (52.23%) | $4,257,217,000 (14.97%) | $3,702,847,000 (20.66%) |
Tangible Asset Value | $13,775,400,000 (43.50%) | $9,599,336,000 (50.29%) | $6,387,281,000 (17.14%) | $5,452,477,000 (23.18%) |
Market Capitalization | $139,241,221,072 (90.05%) | $73,267,194,442 (97.59%) | $37,081,236,952 (-16.05%) | $44,172,014,625 (100.92%) |
Average Equity | $8,883,453,000 (42.64%) | $6,227,842,500 (42.92%) | $4,357,501,750 (16.25%) | $3,748,259,750 (22.00%) |
Average Assets | $12,266,009,250 (41.17%) | $8,688,694,250 (39.74%) | $6,217,537,750 (16.91%) | $5,318,447,250 (20.97%) |
Invested Capital Average | $7,048,397,750 (37.36%) | $5,131,286,000 (30.01%) | $3,946,906,000 (15.12%) | $3,428,634,250 (24.71%) |
Shares | 1,259,759,532 (1.23%) | 1,244,400,568 (1.81%) | 1,222,290,464 (-0.56%) | 1,229,134,320 (1.53%) |
