Stock Analysis on Net

Arista Networks Inc. (NYSE:ANET)

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Arista Networks Inc., consolidated cash flow statement

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income 2,852,054 2,087,321 1,352,446 840,854 634,557
Depreciation and amortization 62,038 70,630 62,700 50,334 35,158
Stock-based compensation 355,364 296,756 230,934 186,875 137,042
Deferred income taxes (492,874) (370,796) (244,382) (99,290) (9,144)
Amortization (accretion) of investment premiums (discount) (60,468) (33,518) 12,767 26,847 10,381
Other 6,939 (463) (8,831) 17,112 12,806
Accounts receivable, net (106,080) (101,473) (401,531) (126,969) 10,673
Inventories 110,608 (655,474) (638,948) (170,449) (235,318)
Other assets (234,242) (66,401) (117,465) (130,222) (1,001)
Accounts payable (51,635) 198,612 31,436 66,681 41,161
Other liabilities 47,823 123,694 70,704 78,187 19,830
Deferred revenue 1,285,211 464,958 98,957 278,485 50,352
Income taxes, net (66,503) 20,168 44,026 (2,589) 28,617
Changes in operating assets and liabilities 985,182 (15,916) (912,821) (6,876) (85,686)
Adjustments to reconcile net income to net cash provided by operating activities 856,181 (53,307) (859,633) 175,002 100,557
Net cash provided by operating activities 3,708,235 2,034,014 492,813 1,015,856 735,114
Proceeds from maturities of marketable securities 2,058,588 1,887,939 1,643,824 1,455,465 1,545,689
Proceeds from sale of marketable securities 48,845 67,284 193,782 19,607 772,978
Purchases of marketable securities (4,526,127) (2,606,878) (1,418,857) (2,317,264) (2,688,064)
Purchases of property, equipment and intangible assets (32,032) (34,434) (44,644) (64,736) (15,384)
Cash paid for business combination, net of cash acquired 1,799 (145,087) 1,299 (227,420)
Other investing activities (6,628) (3,164) (12,691) (19,933) 3,399
Net cash (used in) provided by investing activities (2,457,354) (687,454) 216,327 (925,562) (608,802)
Proceeds from issuance of common stock under equity plans 60,181 62,093 48,411 67,245 57,556
Tax withholding paid on behalf of employees for net share settlement (58,372) (33,563) (32,725) (16,482) (8,722)
Repurchase of common stock (423,619) (112,279) (670,287) (411,645) (395,173)
Net cash used in financing activities (421,810) (83,749) (654,601) (360,882) (346,339)
Effect of exchange rate changes (4,767) 675 (3,611) (1,816) 1,966
Net increase (decrease) in cash, cash equivalents and restricted cash 824,304 1,263,486 50,928 (272,404) (218,061)
Cash, cash equivalents and restricted cash, beginning of period 1,939,464 675,978 625,050 897,454 1,115,515
Cash, cash equivalents and restricted cash, end of period 2,763,768 1,939,464 675,978 625,050 897,454

Based on: 10-K (reporting date: 2024-12-31), 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).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Arista Networks Inc. net cash provided by operating activities increased from 2022 to 2023 and from 2023 to 2024.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Arista Networks Inc. net cash (used in) provided by investing activities decreased from 2022 to 2023 and from 2023 to 2024.
Net cash used in financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Arista Networks Inc. net cash used in financing activities increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.