ANET Financial Statements

Balance sheet, income statement, cash flow, and dividends for Arista Networks Inc (ANET).


$139.24B Market Cap.

As of 02/19/2025 5:00 PM ET (MRY) • Disclaimer

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 Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

0%

-

0%

-

ANET Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$14,043,921,000 (41.19%)

$9,946,806,000 (46.81%)

$6,775,410,000 (18.15%)

$5,734,429,000 (21.01%)

Assets Current

$11,910,815,000 (41.96%)

$8,390,235,000 (51.16%)

$5,550,748,000 (15.34%)

$4,812,676,000 (25.43%)

Assets Non-Current

$2,133,106,000 (37.04%)

$1,556,571,000 (27.10%)

$1,224,662,000 (32.86%)

$921,753,000 (2.20%)

Goodwill & Intangible Assets

$330,540,000 (-7.49%)

$357,299,000 (-7.94%)

$388,129,000 (37.66%)

$281,952,000 (-9.77%)

Shareholders Equity

$9,994,807,000 (38.45%)

$7,219,059,000 (47.76%)

$4,885,820,000 (22.80%)

$3,978,600,000 (19.83%)

Property Plant & Equipment Net

$98,845,000 (-2.69%)

$101,580,000 (-31.55%)

$148,399,000 (3.19%)

$143,816,000 (31.32%)

Cash & Equivalents

$2,762,357,000 (42.49%)

$1,938,606,000 (188.61%)

$671,707,000 (8.20%)

$620,813,000 (-30.50%)

Accumulated Other Comprehensive Income

-$13,188,000 (-296.27%)

-$3,328,000 (90.19%)

-$33,908,000 (-308.53%)

-$8,300,000 (-3587.39%)

Deferred Revenue

$2,791,415,000 (85.33%)

$1,506,204,000 (44.65%)

$1,041,246,000 (12.04%)

$929,312,000 (42.79%)

Total Investments

$5,541,116,000 (80.53%)

$3,069,362,000 (28.35%)

$2,391,490,000 (-14.83%)

$2,807,749,000 (41.24%)

Investments Current

$5,541,116,000 (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%)

$39,468,000 (94.93%)

$20,247,000 (143.53%)

Inventory

$1,834,572,000 (-5.69%)

$1,945,180,000 (50.82%)

$1,289,706,000 (98.38%)

$650,117,000 (35.53%)

Trade & Non-Trade Receivables

$1,140,478,000 (11.31%)

$1,024,569,000 (10.99%)

$923,096,000 (78.72%)

$516,509,000 (32.59%)

Trade & Non-Trade Payables

$381,083,000 (-12.41%)

$435,059,000 (87.06%)

$232,572,000 (14.77%)

$202,636,000 (50.96%)

Accumulated Retained Earnings (Deficit)

$7,542,460,000 (47.49%)

$5,114,025,000 (62.92%)

$3,138,983,000 (27.77%)

$2,456,823,000 (21.17%)

Tax Assets

$1,440,418,000 (52.30%)

$945,792,000 (64.51%)

$574,912,000 (29.98%)

$442,295,000 (0.17%)

Tax Liabilities

$0 (0%)

$95,751,000 (6.58%)

$89,839,000 (-54.85%)

$198,990,000 (-29.18%)

Total Debt

$0 (0%)

$0 (0%)

$43,964,000 (-22.22%)

$56,527,000 (-21.92%)

Debt Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Debt Non-Current

$0 (0%)

$0 (0%)

$43,964,000 (-22.22%)

$56,527,000 (-21.92%)

Total Liabilities

$4,049,114,000 (48.44%)

$2,727,747,000 (44.36%)

$1,889,590,000 (7.62%)

$1,755,829,000 (23.77%)

Liabilities Current

$2,732,222,000 (43.08%)

$1,909,606,000 (47.63%)

$1,293,531,000 (16.55%)

$1,109,829,000 (44.46%)

Liabilities Non-Current

$1,316,892,000 (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 (306.11%)

$309,354,000 (0.94%)

$306,473,000 (-0.01%)

$306,512,000 (0.85%)

Weighted Average Shares Diluted

$1,281,077,000 (303.95%)

$317,135,000 (0.21%)

$316,459,000 (-0.87%)

$319,238,000 (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 (-269.37%)

-$654,819,000 (-261.26%)

$406,058,000 (147.10%)

-$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 (-30.19%)

$88,866,000 (9.24%)

$81,348,000 (20.61%)

$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% (10.98%)

42.80% (12.63%)

38.00% (12.09%)

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)

46.40% (-1.69%)

47.20% (18.00%)

40.00% (47.06%)

27.20% (1.12%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

48.69 (39.56%)

34.89 (26.79%)

27.52 (-47.55%)

52.46 (50.95%)

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 (7.14%)

0.38 (-2.33%)

0.39 (-12.24%)

0.44 (3.28%)

Earnings Per Share (EPS)

2.27 (-66.37%)

6.75 (53.06%)

4.41 (60.95%)

2.74 (31.10%)

Sales Per Share (SPS)

5.57 (-70.57%)

18.94 (32.51%)

14.3 (48.64%)

9.62 (26.14%)

Free Cash Flow Per Share (FCFPS)

2.93 (-54.73%)

6.46 (342.13%)

1.46 (-52.88%)

3.1 (31.04%)

Book Value Per Share (BVPS)

7.96 (-65.91%)

23.34 (46.38%)

15.94 (22.82%)

12.98 (18.82%)

Tangible Assets Book Value Per Share (TABVPS)

10.92 (-64.78%)

31 (48.74%)

20.84 (17.16%)

17.79 (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 (43.49%)

28.5 (30.18%)

21.89 (-49.87%)

43.68 (63.81%)

Asset Turnover

0.57 (-15.41%)

0.68 (-4.26%)

0.7 (27.26%)

0.55 (5.12%)

Current Ratio

4.36 (-0.80%)

4.39 (2.40%)

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 (32.51%)

$2,510,892,000 (50.97%)

$1,663,144,000 (66.59%)

$998,325,000 (26.21%)

Invested Capital

$8,218,802,000 (43.15%)

$5,741,295,000 (28.56%)

$4,466,007,000 (18.20%)

$3,778,362,000 (33.16%)

Working Capital

$9,178,593,000 (41.63%)

$6,480,629,000 (52.23%)

$4,257,217,000 (14.97%)

$3,702,847,000 (20.66%)

Tangible Asset Value

$13,713,381,000 (43.00%)

$9,589,507,000 (50.13%)

$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

$8,883,454,750 (42.64%)

$6,227,842,500 (42.92%)

$4,357,501,750 (16.25%)

$3,748,259,750 (22.00%)

Average Assets

$12,266,014,500 (41.21%)

$8,686,237,000 (39.71%)

$6,217,537,750 (16.91%)

$5,318,447,250 (20.97%)

Invested Capital Average

$7,032,898,250 (37.06%)

$5,131,286,000 (29.65%)

$3,957,897,000 (15.44%)

$3,428,634,250 (24.71%)

Shares

1,259,759,532 (304.94%)

311,100,142 (1.81%)

305,572,616 (-0.56%)

307,283,580 (1.53%)