Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Arista Networks Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	2,225,500)	1,845,100)	2,762,357)	3,175,139)	2,429,031)	2,092,101)	1,938,606)	1,748,818)	1,261,836)	956,341)	671,707)	716,253)	493,246)	635,025)	620,813)	630,982)	893,688)	843,336)	893,219)	970,349)	800,182)	761,333)
Marketable securities	6,618,900)	6,304,500)	5,541,116)	4,253,249)	3,844,923)	3,357,597)	3,069,362)	2,706,785)	2,479,290)	2,374,789)	2,352,022)	2,263,818)	2,408,656)	2,788,889)	2,787,502)	2,755,499)	2,388,015)	2,184,330)	1,979,649)	1,875,552)	1,981,589)	1,875,660)
Accounts receivable, net	1,623,600)	1,435,900)	1,140,478)	1,130,897)	1,226,795)	1,090,041)	1,024,569)	833,374)	779,726)	862,875)	923,096)	651,512)	585,786)	648,606)	516,509)	395,590)	364,214)	380,466)	389,540)	300,217)	383,225)	352,159)
Inventories	2,059,100)	1,957,300)	1,834,572)	1,769,962)	1,853,776)	2,025,204)	1,945,180)	1,893,538)	1,864,334)	1,682,703)	1,289,706)	1,100,550)	852,810)	694,217)	650,117)	575,665)	543,199)	483,168)	479,668)	438,102)	326,997)	261,798)
Prepaid expenses and other current assets	976,400)	733,500)	632,292)	548,693)	487,793)	361,340)	412,518)	472,483)	466,371)	393,825)	314,217)	299,545)	388,697)	338,437)	237,735)	166,222)	139,279)	111,595)	94,922)	69,647)	84,885)	85,949)
Current assets	13,503,500)	12,276,300)	11,910,815)	10,877,940)	9,842,318)	8,926,283)	8,390,235)	7,654,998)	6,851,557)	6,270,533)	5,550,748)	5,031,678)	4,729,195)	5,105,174)	4,812,676)	4,523,958)	4,328,395)	4,002,895)	3,836,998)	3,653,867)	3,576,878)	3,336,899)
Property and equipment, net	152,300)	123,900)	98,845)	93,034)	96,282)	97,949)	101,580)	102,592)	101,705)	97,157)	95,009)	96,449)	91,823)	87,391)	78,634)	75,373)	32,362)	32,462)	32,231)	32,670)	35,263)	37,806)
Goodwill	416,500)	268,500)	268,532)	268,532)	268,531)	268,531)	268,531)	268,531)	268,531)	265,924)	265,924)	271,018)	273,494)	216,915)	188,397)	188,397)	188,277)	188,277)	189,696)	84,968)	84,968)	84,781)
Deferred tax assets	1,802,500)	1,544,300)	1,440,418)	1,318,224)	1,177,172)	1,025,861)	945,792)	793,015)	705,856)	646,066)	574,912)	473,808)	442,455)	446,347)	442,295)	428,764)	433,674)	438,277)	441,531)	443,229)	446,254)	448,432)
Other assets	659,400)	301,600)	325,311)	288,993)	238,932)	231,555)	240,668)	249,899)	258,392)	263,386)	288,817)	289,057)	287,578)	252,359)	212,427)	220,858)	225,572)	231,819)	238,463)	184,638)	192,488)	203,927)
Long-term assets	3,030,700)	2,238,300)	2,133,106)	1,968,783)	1,780,917)	1,623,896)	1,556,571)	1,414,037)	1,334,484)	1,272,533)	1,224,662)	1,130,332)	1,095,350)	1,003,012)	921,753)	913,392)	879,885)	890,835)	901,921)	745,505)	758,973)	774,946)
Total assets	16,534,200)	14,514,600)	14,043,921)	12,846,723)	11,623,235)	10,550,179)	9,946,806)	9,069,035)	8,186,041)	7,543,066)	6,775,410)	6,162,010)	5,824,545)	6,108,186)	5,734,429)	5,437,350)	5,208,280)	4,893,730)	4,738,919)	4,399,372)	4,335,851)	4,111,845)

The analysis of the quarterly financial data reveals several notable trends across key asset categories for the company from March 2020 through June 2025.

Cash and Cash Equivalents: This category shows considerable volatility throughout the observed period. Initially, cash balances rose from $761 million in March 2020 to a peak of approximately $1.75 billion by September 2023, indicating improved liquidity over the longer term. However, a sharp decline follows, dropping to roughly $1.85 billion by June 2025 after peaking higher earlier. Such fluctuations may suggest timing differences in cash inflows and outflows or strategic cash management decisions.
Marketable Securities: Marketable securities have exhibited a clear upward trajectory, increasing from $1.88 billion in March 2020 to over $6.6 billion by June 2025. This steady growth highlights an increasing allocation of financial assets into liquid investments, supporting the company's investment and liquidity strategies.
Accounts Receivable, Net: Accounts receivable experienced growth from $352 million in March 2020 to approximately $1.62 billion by June 2025. The increase is consistent, with noticeable spikes in late 2022 and early 2024 periods. This growth potentially correlates with revenue expansion but may also indicate lengthening collection periods or credit terms.
Inventories: Inventory levels have risen substantially over the period, beginning at $262 million in March 2020 and reaching more than $2.05 billion by June 2025. The increase, with occasional minor contractions, suggests scaling of operational activities or stockpiling of raw materials and finished goods, which could be driven by anticipated demand or supply chain management strategies.
Prepaid Expenses and Other Current Assets: These assets show a growth trend from approximately $86 million in early 2020 to nearly $976 million in mid-2025. The expanding balance may reflect increased upfront payments or other receivables related to business operations, indicating changes in vendor relationships or contract terms.
Current Assets: The total current assets grew consistently, from about $3.34 billion in March 2020 to $13.5 billion by June 2025. This growth underscores an overall strengthening in liquidity and short-term asset base, supported by increases in cash, marketable securities, receivables, and inventories.
Property and Equipment, Net: Property and equipment, net, remained relatively stable, fluctuating between $32 million and $152 million over the five-year span. The moderate growth and occasional dips likely reflect ongoing capital expenditures balanced against depreciation.
Goodwill: Goodwill shows a notable jump from $85 million in 2020 to a high of $416 million by mid-2025. This suggests acquisitions or restructurings resulting in recognition of goodwill, reflecting the purchase price exceeding the fair value of net identifiable assets in business combinations.
Deferred Tax Assets: Deferred tax assets increased steadily from $448 million in early 2020 to approximately $1.8 billion by June 2025. The rise indicates growing future tax benefits, possibly due to timing differences or loss carryforwards.
Other Assets: Other assets showed variability but increased overall, from about $204 million in 2020 to roughly $659 million in 2025. This category's fluctuations may include intangible assets or miscellaneous non-current assets.
Long-Term Assets: Long-term assets exhibited consistent growth from $775 million in March 2020 to over $3 billion by mid-2025, driven by increases in goodwill, deferred tax assets, property and equipment, and other assets. This pattern indicates investment in strategic assets and the expansion of long-term resources.
Total Assets: Total assets increased from approximately $4.11 billion in the first quarter of 2020 to $16.53 billion by mid-2025. The substantial increase is primarily fueled by growth in current assets and long-term assets, reflecting overall company expansion and asset accumulation.

In summary, the data reflect strong asset growth across all major categories, with particular emphasis on liquid and investable assets such as cash equivalents and marketable securities. The increases in accounts receivable and inventories suggest scaling operational activities, while growth in goodwill points to strategic acquisitions. The expansion of deferred tax assets and other long-term assets supports a strengthening balance sheet over this period. Volatility in certain line items such as cash equivalents may warrant further monitoring to understand underlying causes fully.

Assets: Selected Items

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Current Assets: Selected Items

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Arista Networks Inc. (NYSE:ANET)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data