Stock Analysis on Net
Stock Analysis on Net

Arista Networks Inc. (NYSE:ANET)

Common-Size Balance Sheet: Assets

Arista Networks Inc., common-size consolidated balance sheet: assets

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 19.49 9.91 10.83 18.85 26.55
Marketable securities 30.86 34.71 48.61 41.77 38.54
Accounts receivable, net 10.30 13.62 9.01 8.22 9.37
Inventories 19.56 19.04 11.34 10.12 5.83
Inventory deposits 1.31 2.39 0.81 0.40 0.33
Other prepaid expenses and deposits 2.84 2.25 3.34 1.61 2.34
Prepaid expenses and other current assets 4.15% 4.64% 4.15% 2.00% 2.66%
Current assets 84.35% 81.92% 83.93% 80.97% 82.95%
Property and equipment, net 1.02 1.40 1.37 0.68 0.94
Acquisition-related intangible assets, net 0.89 1.80 1.63 2.59 1.08
Goodwill 2.70 3.92 3.29 4.00 1.31
Deferred tax assets 9.51 8.49 7.71 9.32 10.80
Other assets 1.53 2.46 2.07 2.44 2.92
Long-term assets 15.65% 18.08% 16.07% 19.03% 17.05%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

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).

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 as a percentage of total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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 as a percentage of total assets increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
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 as a percentage of total assets increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.