Stock Analysis on Net

Arista Networks Inc. (NYSE:ANET)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Arista Networks Inc., consolidated balance sheet: assets

US$ in thousands

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 1,938,606 671,707 620,813 893,219 1,111,286
Marketable securities 3,069,362 2,352,022 2,787,502 1,979,649 1,613,082
Accounts receivable, net 1,024,569 923,096 516,509 389,540 391,987
Inventories 1,945,180 1,289,706 650,117 479,668 243,825
Inventory deposits 130,509 162,047 46,311 18,783 13,716
Other prepaid expenses and deposits 282,009 152,170 191,424 76,139 97,740
Prepaid expenses and other current assets 412,518 314,217 237,735 94,922 111,456
Current assets 8,390,235 5,550,748 4,812,676 3,836,998 3,471,636
Property and equipment, net 101,580 95,009 78,634 32,231 39,273
Acquisition-related intangible assets, net 88,768 122,205 93,555 122,790 45,235
Goodwill 268,531 265,924 188,397 189,696 54,855
Deferred tax assets 945,792 574,912 442,295 441,531 452,025
Other assets 151,900 166,612 118,872 115,673 122,266
Long-term assets 1,556,571 1,224,662 921,753 901,921 713,654
Total assets 9,946,806 6,775,410 5,734,429 4,738,919 4,185,290

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Arista Networks Inc. current assets increased from 2021 to 2022 and from 2022 to 2023.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Arista Networks Inc. property and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Arista Networks Inc. long-term assets increased from 2021 to 2022 and from 2022 to 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Arista Networks Inc. total assets increased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Arista Networks Inc. cash and cash equivalents increased from 2021 to 2022 and from 2022 to 2023.
Marketable securities Amount of investment in marketable security, classified as current. Arista Networks Inc. marketable securities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Arista Networks Inc. accounts receivable, net increased from 2021 to 2022 and from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Arista Networks Inc. inventories increased from 2021 to 2022 and from 2022 to 2023.