Stock Analysis on Net

Arista Networks Inc. (NYSE:ANET)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in thousands

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 3,175,139 2,429,031 2,092,101 1,938,606 1,748,818 1,261,836 956,341 671,707 716,253 493,246 635,025 620,813 630,982 893,688 843,336 893,219 970,349 800,182 761,333 1,111,286 1,095,265 944,414 809,491
Marketable securities 4,253,249 3,844,923 3,357,597 3,069,362 2,706,785 2,479,290 2,374,789 2,352,022 2,263,818 2,408,656 2,788,889 2,787,502 2,755,499 2,388,015 2,184,330 1,979,649 1,875,552 1,981,589 1,875,660 1,613,082 1,351,775 1,313,389 1,341,427
Accounts receivable, net 1,130,897 1,226,795 1,090,041 1,024,569 833,374 779,726 862,875 923,096 651,512 585,786 648,606 516,509 395,590 364,214 380,466 389,540 300,217 383,225 352,159 391,987 447,252 343,080 271,246
Inventories 1,769,962 1,853,776 2,025,204 1,945,180 1,893,538 1,864,334 1,682,703 1,289,706 1,100,550 852,810 694,217 650,117 575,665 543,199 483,168 479,668 438,102 326,997 261,798 243,825 239,802 314,177 347,153
Prepaid expenses and other current assets 548,693 487,793 361,340 412,518 472,483 466,371 393,825 314,217 299,545 388,697 338,437 237,735 166,222 139,279 111,595 94,922 69,647 84,885 85,949 111,456 106,326 113,458 131,657
Current assets 10,877,940 9,842,318 8,926,283 8,390,235 7,654,998 6,851,557 6,270,533 5,550,748 5,031,678 4,729,195 5,105,174 4,812,676 4,523,958 4,328,395 4,002,895 3,836,998 3,653,867 3,576,878 3,336,899 3,471,636 3,240,420 3,028,518 2,900,974
Property and equipment, net 93,034 96,282 97,949 101,580 102,592 101,705 97,157 95,009 96,449 91,823 87,391 78,634 75,373 32,362 32,462 32,231 32,670 35,263 37,806 39,273 40,188 41,023 41,529
Acquisition-related intangible assets, net 68,698 75,388 82,078 88,768 95,458 103,575 112,890 122,205 131,520 140,836 105,244 93,555 100,713 107,995 115,359 122,790 77,752 83,562 89,373 45,235 48,319 51,612 55,111
Goodwill 268,532 268,531 268,531 268,531 268,531 268,531 265,924 265,924 271,018 273,494 216,915 188,397 188,397 188,277 188,277 189,696 84,968 84,968 84,781 54,855 54,855 53,684 53,684
Deferred tax assets 1,318,224 1,177,172 1,025,861 945,792 793,015 705,856 646,066 574,912 473,808 442,455 446,347 442,295 428,764 433,674 438,277 441,531 443,229 446,254 448,432 452,025 110,630 113,660 126,045
Other assets 220,295 163,544 149,477 151,900 154,441 154,817 150,496 166,612 157,537 146,742 147,115 118,872 120,145 117,577 116,460 115,673 106,886 108,926 114,554 122,266 125,413 152,795 155,101
Long-term assets 1,968,783 1,780,917 1,623,896 1,556,571 1,414,037 1,334,484 1,272,533 1,224,662 1,130,332 1,095,350 1,003,012 921,753 913,392 879,885 890,835 901,921 745,505 758,973 774,946 713,654 379,405 412,774 431,470
Total assets 12,846,723 11,623,235 10,550,179 9,946,806 9,069,035 8,186,041 7,543,066 6,775,410 6,162,010 5,824,545 6,108,186 5,734,429 5,437,350 5,208,280 4,893,730 4,738,919 4,399,372 4,335,851 4,111,845 4,185,290 3,619,825 3,441,292 3,332,444

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Marketable securities Amount of investment in marketable security, classified as current. Arista Networks Inc. marketable securities increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
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 decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.