Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Net Profit Margin since 2014
- Total Asset Turnover since 2014
- Price to Earnings (P/E) since 2014
- Analysis of Revenues
- Aggregate Accruals
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Arista Networks Inc., consolidated statement of comprehensive 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).
The financial data reveals a consistent upward trajectory in net income over the five-year period, increasing from 634,557 thousand US dollars in 2020 to 2,852,054 thousand US dollars in 2024. This indicates strong profitability growth. Comprehensive income also follows a similar trend, rising steadily from 634,652 thousand to 2,842,194 thousand US dollars, reflective of the underlying net income performance.
- Foreign currency translation adjustments
- These adjustments exhibit volatility throughout the period, with positive and negative fluctuations including a positive 1,514 thousand US dollars in 2020 and a significant negative adjustment of -4,156 thousand in 2024. No clear upward or downward trend is apparent, suggesting exposure to inconsistent foreign exchange impacts.
- Changes in net unrealized gains (losses) on available-for-sale securities
- This item presents high variability, with realized losses in 2021 (-7,157 thousand) and 2022 (-23,025 thousand), but gains in 2020 (8,013 thousand) and especially in 2023 (25,939 thousand), followed by a loss again in 2024 (-5,657 thousand). Such fluctuations suggest sensitivity to market value changes of available-for-sale securities.
- Reclassification adjustment for net (gains) losses included in net income
- Values are less consistent with some missing data, showing a negative amount in 2020 (-9,432 thousand), followed by a small positive adjustment in 2022 (632 thousand) and 2023 (3,816 thousand), then decreasing again to -47 thousand in 2024. These variations indicate sporadic reclassifications related to investment gains or losses.
- Available-for-sale investments
- Data aligns closely with the changes in unrealized gains/losses, confirming the fluctuating valuation of investment holdings. Negative values predominated in the earlier years with a shift to positive in 2023 (29,755 thousand) before returning to a negative figure in 2024 (-5,704 thousand).
- Other comprehensive income (loss), net of tax
- This line reflects the combined impact of foreign currency translation and investment fair value changes. It moves from a marginal positive figure in 2020 (95 thousand) to substantial negative amounts in 2021 (-8,538 thousand) and 2022 (-25,608 thousand), then rebounds to a positive 30,580 thousand in 2023 before declining again to -9,860 thousand in 2024. The pattern underscores the volatility in the components of other comprehensive income.
Overall, the data points to strong operational performance with steadily increasing net and comprehensive incomes. However, certain components of other comprehensive income, particularly those related to marketable securities and foreign currency, introduce notable variability and volatility into total comprehensive income. This highlights the importance of managing exposure to foreign exchange risk and investment portfolio fluctuations to stabilize comprehensive earnings further.