Arista Networks Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
ANET$170.80+7.3%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023
Condensed Consolidated Balance Sheets
(In thousands, except par value)
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $2,092,101 | $1,938,606 |
| Marketable securities | 3,357,597 | 3,069,362 |
| Accounts receivable, net | 1,090,041 | 1,024,569 |
| Inventories | 2,025,204 | 1,945,180 |
| Prepaid expenses and other current assets | 361,340 | 412,518 |
| Total current assets | 8,926,283 | 8,390,235 |
| Property and equipment, net | 97,949 | 101,580 |
| Acquisition-related intangible assets, net | 82,078 | 88,768 |
| Goodwill | 268,531 | 268,531 |
| Deferred tax assets | 1,025,861 | 945,792 |
| Other assets | 149,477 | 151,900 |
| TOTAL ASSETS | $10,550,179 | $9,946,806 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $223,305 | $435,059 |
| Accrued liabilities | 270,586 | 407,302 |
| Deferred revenue | 997,914 | 915,204 |
| Other current liabilities | 291,259 | 152,041 |
| Total current liabilities | 1,783,064 | 1,909,606 |
| Income taxes payable | 107,179 | 95,751 |
| Deferred revenue, non-current | 665,328 | 591,000 |
| Other long-term liabilities | 132,293 | 131,390 |
| TOTAL LIABILITIES | 2,687,864 | 2,727,747 |
| Commitments and contingencies (Note 5) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, $0.0001 par value—100,000 shares authorized and no shares issued and outstanding as of March 31, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value—1,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 313,601 and 312,245 shares issued and outstanding as of March 31, 2024 and December 31, 2023 | 31 | 31 |
| Additional paid-in capital | 2,185,149 | 2,108,331 |
| Retained earnings | 5,689,064 | 5,114,025 |
| Accumulated other comprehensive income (loss) | (11,929) | (3,328) |
| TOTAL STOCKHOLDERS’ EQUITY | 7,862,315 | 7,219,059 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $10,550,179 | $9,946,806 |
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