Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Arista Networks Inc., adjusted total assets

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total assets	14,043,921)	9,946,806)	6,775,410)	5,734,429)	4,738,919)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax assets, non-current²	1,440,418)	945,792)	574,912)	442,295)	441,531)
After Adjustment
Adjusted total assets	12,603,503)	9,001,014)	6,200,498)	5,292,134)	4,297,388)

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 »

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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	2,732,222)	1,909,606)	1,293,531)	1,109,829)	768,243)
Adjustments
Less: Deferred revenue, current	1,727,280)	915,204)	637,432)	593,578)	396,259)
After Adjustment
Adjusted current liabilities	1,004,942)	994,402)	656,099)	516,251)	371,984)

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).

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Arista Networks Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total liabilities	4,049,114)	2,727,747)	1,889,590)	1,755,829)	1,418,628)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities, non-current²	—)	—)	42)	129,074)	227,936)
Less: Deferred revenue	2,791,415)	1,506,204)	1,041,246)	929,312)	650,827)
After Adjustment
Adjusted total liabilities	1,257,699)	1,221,543)	848,302)	697,443)	539,865)

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 »

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Arista Networks Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Stockholders’ equity	9,994,807)	7,219,059)	4,885,820)	3,978,600)	3,320,291)
Adjustments
Less: Net deferred tax assets (liabilities)¹	1,440,418)	945,792)	574,870)	313,221)	213,595)
Add: Deferred revenue	2,791,415)	1,506,204)	1,041,246)	929,312)	650,827)
After Adjustment
Adjusted stockholders’ equity	11,345,804)	7,779,471)	5,352,196)	4,594,691)	3,757,523)

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 »

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Arista Networks Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total reported debt	—)	—)	—)	—)	—)
Stockholders’ equity	9,994,807)	7,219,059)	4,885,820)	3,978,600)	3,320,291)
Total reported capital	9,994,807)	7,219,059)	4,885,820)	3,978,600)	3,320,291)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Operating lease liabilities, current (included in Other current liabilities)²	22,143)	21,106)	19,878)	20,298)	17,773)
Add: Operating lease liabilities, non-current (included in Other long-term liabilities)³	37,499)	44,413)	43,964)	56,527)	72,397)
Adjusted total debt	59,642)	65,519)	63,842)	76,825)	90,170)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	1,440,418)	945,792)	574,870)	313,221)	213,595)
Add: Deferred revenue	2,791,415)	1,506,204)	1,041,246)	929,312)	650,827)
Adjusted stockholders’ equity	11,345,804)	7,779,471)	5,352,196)	4,594,691)	3,757,523)
After Adjustment
Adjusted total capital	11,405,446)	7,844,990)	5,416,038)	4,671,516)	3,847,693)

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 »

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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	7,003,146)	5,860,168)	4,381,310)	2,948,037)	2,317,512)
Adjustment
Add: Increase (decrease) in deferred revenue	1,285,211)	464,958)	111,934)	278,485)	75,539)
After Adjustment
Adjusted revenue	8,288,357)	6,325,126)	4,493,244)	3,226,522)	2,393,051)

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).

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Arista Networks Inc., adjusted net income

US$ in thousands

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Net income	2,852,054)	2,087,321)	1,352,446)	840,854)	634,557)
Adjustments
Add: Deferred income tax expense (benefit)¹	(492,801)	(370,796)	(244,379)	(99,047)	(8,563)
Add: Increase (decrease) in deferred revenue	1,285,211)	464,958)	111,934)	278,485)	75,539)
Add: Other comprehensive income (loss), net of tax	(9,860)	30,580)	(25,608)	(8,538)	95)
After Adjustment
Adjusted net income	3,634,604)	2,212,063)	1,194,393)	1,011,754)	701,628)

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 »

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Arista Networks Inc. (NYSE:ANET)

Adjustments to Financial Statements

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income