Stock Analysis on Net
Stock Analysis on Net

Arista Networks Inc. (NYSE:ANET)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable
Accrued compensation-related costs
Supplier liability
Accrued manufacturing costs
Other
Accrued liabilities
Deferred revenue
Other current liabilities
Current liabilities
Deferred revenue, non-current
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.0001 par value; no shares issued and outstanding
Common stock, $0.0001 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

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).

Current Liabilities
Current liabilities as a percentage of total liabilities and stockholders’ equity showed an overall upward trend from 16.21% in 2020 to 19.45% in 2024, with minor fluctuations. Accounts payable increased from 2.83% in 2020, peaking at 4.37% in 2023 before declining to 2.71% in 2024. Accrued compensation-related costs rose slightly through 2021 and 2022, then decreased steadily to 1.05% by 2024. Supplier liability, recorded beginning in 2021, peaked in 2023 at 1.69% but dropped sharply to 0.45% by 2024. Accrued manufacturing costs showed a declining trend from 0.91% in 2020 and 2021 to 0.62% in 2023, with a small increase to 0.78% in 2024. Other current liabilities decreased overall from 1.99% in 2020 to 1.34% in 2024. Deferred revenue, a significant component, increased notably from 8.36% in 2020 to 12.3% in 2024, showing strength in unearned revenues.
Long-term Liabilities
Long-term liabilities decreased from 13.72% in 2020 to a low of 8.23% in 2023, before rising modestly to 9.38% in 2024. This decline was driven primarily by a reduction in other long-term liabilities from 8.35% in 2020 to 1.8% in 2024. Non-current deferred revenue showed a steady rise from 5.37% in 2020 to 7.58% in 2024, indicating an increased proportion of deferred income classified as long-term.
Total Liabilities
Total liabilities relative to total liabilities and stockholders’ equity remained fairly stable, fluctuating slightly between 27.42% and 30.62% over the observed period, ending marginally lower at 28.83% in 2024. The stability suggests consistent leverage levels without significant increases or decreases in liability structure.
Equity Components
Stockholders’ equity consistently comprises the majority of the capital structure, ranging from 69.38% in 2021 to 72.58% in 2023, slightly declining to 71.17% in 2024. Retained earnings showed a strong upward trajectory, increasing from 42.79% in 2020 to 53.71% in 2024, reflecting accumulation of profits or reserves over time. Conversely, additional paid-in capital declined steadily from 27.27% in 2020 to 17.55% in 2024, indicating a reduction in contributed capital. Accumulated other comprehensive income (loss) fluctuated around zero with small negative values in later years, suggesting minimal impact on equity from this component.
Overall Capital Structure
The total of liabilities and stockholders’ equity consistently equals 100%, confirming data integrity. The trends exhibit a capital structure with a stable balance between liabilities and equity. Increasing retained earnings and deferred revenue alongside stable total liabilities indicate a strengthening equity base supported by ongoing earnings retention and growth in deferred income, which may correlate with business expansion or recurring revenue models. The reduction in additional paid-in capital might reflect changes in equity financing or share repurchase activities.