Stock Analysis on Net

Arista Networks Inc. (NYSE:ANET)

$24.99

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.

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

US$ in thousands

Microsoft Excel
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
Marketable securities
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Acquisition-related intangible assets, net
Goodwill
Deferred tax assets
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Cash and cash equivalents
The cash and cash equivalents show a fluctuating pattern over the observed periods. Starting at approximately 761 million in March 2020, there is an overall increasing trend with some variability, peaking notably at around 3.18 billion in September 2024 before a decline in the last reported quarter to about 1.85 billion. This indicates periods of strong liquidity accumulation followed by reductions, possibly due to investments or other cash outflows.
Marketable securities
Marketable securities display a generally upward trend throughout the periods. Starting from about 1.88 billion in March 2020, the figure steadily grows to reach 6.3 billion by the last quarter in March 2025. This suggests a strengthening investment portfolio or increased allocation into securities as part of asset management.
Accounts receivable, net
Accounts receivable exhibit growth with some volatility. The value rises from approximately 352 million at the beginning to about 1.44 billion in the last period, indicating increased sales or extended credit terms. There are occasional decreases, especially after peak quarters, but the overall progression suggests expansion in credit sales or collection delays.
Inventories
Inventories show a steady increase from around 262 million in March 2020 to approximately 1.96 billion by March 2025. Notably, there is a large build-up particularly through 2022 and 2023, which may indicate preparation for increased sales demand or accumulation due to supply chain dynamics.
Prepaid expenses and other current assets
Prepaid expenses and other current assets increase significantly over the period, beginning at about 86 million and rising to approximately 733 million by the last quarter. The growth is mostly consistent but shows some variability, possibly reflecting prepayments or other short-term asset management adjustments.
Current assets
Current assets increase from roughly 3.34 billion in March 2020 to about 12.28 billion in March 2025, demonstrating broad growth across the various components contributing to current asset totals. Despite intermittent decreases (notably in mid-2022), the trend indicates an expansion of liquid and short-term assets.
Property and equipment, net
Net property and equipment remain relatively stable with minor fluctuations, starting near 38 million and ending around 124 million. A notable increase occurs around late 2021, indicating likely asset purchases or revaluation, followed by stabilization.
Acquisition-related intangible assets, net
These assets show a downward trend from about 89 million to 56 million over the observed timeline, suggesting amortization and reduction of intangible asset values related to acquisitions.
Goodwill
Goodwill increases sharply early in the period, nearly doubling from 85 million to approximately 189 million around the end of 2020, then grows further to stabilize around 268 million in later periods. This points to significant acquisitions or revaluations in the earlier years followed by consistent maintenance of goodwill balances.
Deferred tax assets
Deferred tax assets grow steadily from about 448 million to over 1.54 billion, reflecting increasing recognition of future tax benefits, possibly due to timing differences or loss carryforwards.
Other assets
Other assets fluctuate moderately, beginning near 115 million and increasing to about 245 million by March 2025. There is an upward tendency towards later periods, potentially indicating diversification or accumulation of miscellaneous long-term assets.
Long-term assets
Long-term assets increase from approximately 775 million to about 2.24 billion over the period. This upward trend reflects growing investments in non-current asset categories, including property, intangible assets, goodwill, deferred tax assets, and others.
Total assets
Total assets show consistent growth throughout the timeline, beginning at about 4.11 billion and reaching approximately 14.51 billion by March 2025. This significant increase illustrates overall business expansion in asset base, driven by growth in current and long-term assets.

Assets: Selected Items


Current Assets: Selected Items