Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Arista Networks Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	435,059)	232,572)	202,636)	134,235)	92,105)
Accrued compensation-related costs	134,225)	117,053)	99,571)	73,634)	80,133)
Supplier Liability	167,878)	71,481)	28,203)	—)	—)
Accrued manufacturing costs	61,491)	45,379)	52,010)	43,181)	31,920)
Accrued product development costs	1,041)	27,380)	22,188)	6,733)	11,410)
Other	42,667)	31,194)	24,671)	19,809)	16,786)
Accrued liabilities	407,302)	292,487)	226,643)	143,357)	140,249)
Deferred revenue	915,204)	637,432)	593,578)	396,259)	312,668)
Other current liabilities	152,041)	131,040)	86,972)	94,392)	52,052)
Current liabilities	1,909,606)	1,293,531)	1,109,829)	768,243)	597,074)
Income taxes payable	95,751)	89,839)	69,916)	53,053)	55,485)
Deferred revenue, non-current	591,000)	403,814)	335,734)	254,568)	262,620)
Other long-term liabilities	131,390)	102,406)	240,350)	342,764)	375,425)
Long-term liabilities	818,141)	596,059)	646,000)	650,385)	693,530)
Total liabilities	2,727,747)	1,889,590)	1,755,829)	1,418,628)	1,290,604)
Preferred stock, $0.0001 par value; no shares issued and outstanding	—)	—)	—)	—)	—)
Common stock, $0.0001 par value	31)	31)	31)	8)	8)
Additional paid-in capital	2,108,331)	1,780,714)	1,530,046)	1,292,431)	1,106,305)
Retained earnings	5,114,025)	3,138,983)	2,456,823)	2,027,614)	1,788,230)
Accumulated other comprehensive income (loss)	(3,328)	(33,908)	(8,300)	238)	143)
Stockholders’ equity	7,219,059)	4,885,820)	3,978,600)	3,320,291)	2,894,686)
Total liabilities and stockholders’ equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Arista Networks Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Arista Networks Inc. long-term liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Arista Networks Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Arista Networks Inc. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Arista Networks Inc. (NYSE:ANET)

Balance Sheet: Liabilities and Stockholders’ Equity