Arista Networks Inc
For the period ended Jun 30, 2024. Filed Jul 31, 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.
Jun 30, 2024 · Filed Jul 31, 2024
ANET$170.80+7.3%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets as of June, 2024 and December 31, 2023
Condensed Consolidated Balance Sheets
(In thousands, except par value)
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $2,429,031 | $1,938,606 |
| Marketable securities | 3,844,923 | 3,069,362 |
| Accounts receivable, net | 1,226,795 | 1,024,569 |
| Inventories | 1,853,776 | 1,945,180 |
| Prepaid expenses and other current assets | 487,793 | 412,518 |
| Total current assets | 9,842,318 | 8,390,235 |
| Property and equipment, net | 96,282 | 101,580 |
| Acquisition-related intangible assets, net | 75,388 | 88,768 |
| Goodwill | 268,531 | 268,531 |
| Deferred tax assets | 1,177,172 | 945,792 |
| Other assets | 163,544 | 151,900 |
| TOTAL ASSETS | $11,623,235 | $9,946,806 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $297,832 | $435,059 |
| Accrued liabilities | 320,071 | 407,302 |
| Deferred revenue | 1,329,450 | 915,204 |
| Other current liabilities | 214,526 | 152,041 |
| Total current liabilities | 2,161,879 | 1,909,606 |
| Income taxes payable | 107,833 | 95,751 |
| Deferred revenue, non-current | 789,336 | 591,000 |
| Other long-term liabilities | 133,379 | 131,390 |
| TOTAL LIABILITIES | 3,192,427 | 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 June 30, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value—1,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 314,086 and 312,245 shares issued and outstanding as of June 30, 2024 and December 31, 2023 | 31 | 31 |
| Additional paid-in capital | 2,263,356 | 2,108,331 |
| Retained earnings | 6,182,479 | 5,114,025 |
| Accumulated other comprehensive income (loss) | (15,058) | (3,328) |
| TOTAL STOCKHOLDERS’ EQUITY | 8,430,808 | 7,219,059 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $11,623,235 | $9,946,806 |
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