Adjustments to Financial Statements
Paying user area
Try for free
Arista Networks Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Arista Networks Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Adjustments to Total Assets
Arista Networks Inc., adjusted total assets
US$ in thousands
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).
1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »
2 Deferred tax assets, non-current. See details »
The annual financial data reveals a consistent upward trend in both total assets and adjusted total assets over the five-year period under review. Both metrics have increased year over year, indicating growth in the company's asset base.
- Total Assets
- There is a notable acceleration in the growth of total assets from 2020 to 2024. Starting at approximately USD 4.7 billion in 2020, total assets grew moderately to around USD 5.7 billion in 2021 and USD 6.8 billion in 2022. The growth rate then intensified in the last two years, reaching approximately USD 9.9 billion in 2023 and surging to over USD 14 billion by the end of 2024. This indicates expanding asset acquisition or appreciation, which could be associated with business expansion, investments, or capital inflows.
- Adjusted Total Assets
- Adjusted total assets closely mirror the trend of total assets, starting from about USD 4.3 billion in 2020 and increasing steadily each year to reach approximately USD 12.6 billion by 2024. The consistent increase suggests that even when adjustments are made to the asset base (likely for accounting or valuation reasons), the overall asset growth trajectory remains strong. The gap between total and adjusted total assets remains fairly consistent, hinting that adjustments have a proportional effect year over year.
Overall, the financial data indicates a robust increase in asset accumulation and positive growth momentum through the five-year span, reflecting potentially successful operational expansion or strategic investment decisions.
Adjustments to Current Liabilities
Arista Networks Inc., adjusted current liabilities
US$ in thousands
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| As Reported | ||||||
| Current liabilities | ||||||
| Adjustments | ||||||
| Less: Deferred revenue, current | ||||||
| After Adjustment | ||||||
| Adjusted current liabilities | ||||||
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).
The financial data reveals a clear upward trend in both current liabilities and adjusted current liabilities over the five-year period.
- Current Liabilities
- There is a consistent increase in current liabilities from US$768,243 thousand as of December 31, 2020, rising steadily each year to reach US$2,732,222 thousand by December 31, 2024. This represents an approximate 255% growth over the duration, suggesting expanding short-term obligations.
- Adjusted Current Liabilities
- Adjusted current liabilities also show a significant upward trajectory, climbing from US$371,984 thousand in 2020 to US$1,004,942 thousand in 2024. While this metric grew consistently year-over-year, the rate of increase appears less steep compared to total current liabilities, approximately 170% growth during the period.
Overall, the data indicates that the company's short-term liabilities have increased substantially, with total current liabilities outpacing the adjusted figures. This divergence may imply changes in accounting adjustments, reclassifications, or reassessments of certain current liabilities components. The growing magnitude of these liabilities reflects heightened financial obligations that may affect liquidity and working capital management.
Adjustments to Total Liabilities
Arista Networks Inc., adjusted total liabilities
US$ in thousands
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).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Deferred tax liabilities, non-current. See details »
- Total liabilities
-
The total liabilities demonstrate a consistent upward trend over the analyzed period. Beginning at approximately 1.42 billion USD at the end of 2020, liabilities increased steadily each year, reaching approximately 1.76 billion USD in 2021 and further to about 1.89 billion USD in 2022. The growth rate accelerated in the latter years, with liabilities rising significantly to approximately 2.73 billion USD in 2023 and then sharply increasing to around 4.05 billion USD by the end of 2024. This pattern indicates an accelerating accumulation of liabilities, especially notable in the last two years observed.
- Adjusted total liabilities
-
The adjusted total liabilities follow a similar upward trajectory, albeit on a smaller scale than the total liabilities. Starting from roughly 540 million USD in 2020, adjusted liabilities increased to approximately 697 million USD in 2021 and continued to rise to about 848 million USD in 2022. The increase was more pronounced in 2023, with the figure reaching approximately 1.22 billion USD. However, growth slowed considerably between 2023 and 2024, with adjusted total liabilities reaching roughly 1.26 billion USD, indicating a plateau in the adjusted liabilities during the final year reviewed.
Adjustments to Stockholders’ Equity
Arista Networks Inc., adjusted stockholders’ equity
US$ in thousands
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).
1 Net deferred tax assets (liabilities). See details »
The financial data reveals a consistent upward trajectory in both the stockholders’ equity and the adjusted stockholders’ equity over the five-year period from 2020 to 2024. This suggests a strengthening capital base and potentially enhanced financial stability.
- Stockholders’ Equity
- The stockholders’ equity has grown steadily, increasing from approximately $3.32 billion in 2020 to nearly $10.0 billion in 2024. This reflects a compound growth pattern, with the most significant annual increase observed between 2023 and 2024. The growth rate appears to accelerate in the latter years, indicating potential gains from retained earnings, capital injections, or positive operational outcomes.
- Adjusted Stockholders’ Equity
- Adjusted stockholders’ equity also demonstrates a continuous rise, starting from about $3.76 billion in 2020 and reaching approximately $11.35 billion by 2024. Similar to the unadjusted figures, the adjusted equity shows progressive strengthening year-over-year. The adjustments appear to amplify the value of equity, particularly notable in the years 2023 and 2024, which may be due to revaluation or accounting adjustments impacting the equity base.
Overall, the data indicates robust financial growth and an expanding equity position, implying that the company has been successful in increasing its net asset value substantially over the reviewed period. This trend enhances the company's ability to support growth initiatives, absorb financial shocks, or return value to shareholders.
Adjustments to Capitalization Table
Arista Networks Inc., adjusted capitalization table
US$ in thousands
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).
1 Operating lease liability (before adoption of FASB Topic 842). See details »
2 Operating lease liabilities, current (included in Other current liabilities). See details »
3 Operating lease liabilities, non-current (included in Other long-term liabilities). See details »
4 Net deferred tax assets (liabilities). See details »
- Stockholders’ Equity and Total Reported Capital
- There is a consistent upward trend in stockholders’ equity and total reported capital from 2020 to 2024. The values increased from approximately 3.32 billion USD in 2020 to nearly 10.0 billion USD in 2024. This reflects strong growth in the company’s net assets over the five-year period.
- Adjusted Total Debt
- Adjusted total debt demonstrates a gradual decline from about 90.2 million USD in 2020 to roughly 59.6 million USD in 2024. This suggests a reduction in the company’s debt burden or improved debt management over time, enhancing financial stability.
- Adjusted Stockholders’ Equity
- Adjusted stockholders’ equity exhibits significant growth throughout the period, rising from approximately 3.76 billion USD in 2020 to 11.35 billion USD in 2024. This growth rate is more pronounced than the unadjusted equity figures, indicating likely revaluation or inclusion of additional equity components in the adjusted figures.
- Adjusted Total Capital
- The adjusted total capital increased steadily, moving from 3.85 billion USD in 2020 to over 11.4 billion USD in 2024. This mirrors the trend observed in adjusted equity and underscores the balance sheet's overall expansion and capitalization improvement.
- Key Insights
- The data indicates a solid enhancement of the company’s financial position, driven by increasing equity and declining adjusted debt levels. The growth in equity and total capital suggests successful capital accumulation and retention of earnings or new investments. Meanwhile, the reduction in adjusted debt contributes to a potentially lower financial risk profile. The absence of reported total debt values calls for caution in assessing the full extent of the company’s liabilities, but the available adjusted figures provide a positive outlook on leverage trends.
Adjustments to Revenues
Arista Networks Inc., adjusted revenue
US$ in thousands
| 12 months ended: | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|---|
| As Reported | ||||||
| Revenue | ||||||
| Adjustment | ||||||
| Add: Increase (decrease) in deferred revenue | ||||||
| After Adjustment | ||||||
| Adjusted revenue | ||||||
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).
The financial data over the five-year period reveals a consistent and robust upward trajectory in both revenue and adjusted revenue for the company.
- Revenue
- Starting from 2,317,512 thousand US dollars at the end of 2020, revenue increased significantly each year, reaching 7,003,146 thousand US dollars by the end of 2024. This represents a strong compound growth trend indicating expanding business operations and successful market penetration.
- Adjusted Revenue
- Adjusted revenue figures, which typically account for non-recurring items or other adjustments, also exhibited a parallel rising trend. Beginning at 2,393,051 thousand US dollars in 2020, adjusted revenue rose yearly to reach 8,288,357 thousand US dollars in 2024. The adjusted revenue consistently exceeds the reported revenue, suggesting that certain adjustments add back elements that could be considered ongoing operational income or other valuable revenues.
Overall, the financial results demonstrate substantial year-over-year growth, with both reported and adjusted revenue nearly tripling over the period analyzed. This consistent increase illustrates a positive business scaling trend and potentially strong market demand resilience. The gap between adjusted and reported revenues also widens over time, indicating either increasing impact of the adjustments or changing accounting treatments affecting revenue recognition.
Adjustments to Reported Income
Arista Networks Inc., adjusted net income
US$ in thousands
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).
1 Deferred income tax expense (benefit). See details »
The annual financial data reveals a consistent and robust upward trend in both net income and adjusted net income over the five-year period analyzed.
- Net Income
- Net income has shown significant growth each year, increasing from $634,557 thousand in 2020 to $2,852,054 thousand in 2024. This represents more than a fourfold increase over the period, indicating strong profitability improvement and operational efficiency expansion. The year-on-year increments suggest accelerating growth, particularly evident between 2021 and 2024, with the largest absolute increase occurring from 2023 to 2024.
- Adjusted Net Income
- Adjusted net income also exhibits a marked upward trajectory, rising from $701,628 thousand in 2020 to $3,634,604 thousand in 2024. The adjusted figures consistently exceed the reported net income values, implying that adjustments made for one-time or non-recurring items positively impact the profitability measure. The increase in adjusted net income is especially pronounced in the last two years, with a notable jump from 2023 to 2024, suggesting substantial one-time adjustments or improvements in underlying operating performance.
Overall, the data shows a positive and accelerating growth trend in profitability metrics, with adjusted net income growing at a faster pace than net income. This may reflect improved core business performance alongside favorable adjustments, enhancing the company’s financial health and value creation over the period. The absence of any declines or stagnant periods further underscores a stable and expanding profit base.