Arista Networks, Inc. Website

Arista Networks, Inc.

NYSE-ANET

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

2,410.7

2,317.5

2,948

4,381.3

5,860.2

6,311.7

Total Revenues % Chg.

12.1%

-3.9%

27.2%

48.6%

33.8%

19.9%

Cost of Goods Sold, Total

866.4

835.6

1,067.3

1,705.6

2,229.9

2,271.4

Gross Profit

1,544.3

1,481.9

1,880.8

2,675.7

3,630.3

4,040.2

Selling General & Admin Expenses, Total

275.8

291.4

369.3

420.2

518.1

538.2

R&D Expenses

462.8

486.6

586.8

728.4

854.9

899.7

Other Operating Expenses, Total

738.6

778

956

1,148.6

1,373

1,437.9

Operating Income

805.8

703.9

924.7

1,527.1

2,257.2

2,602.3

Interest Expense, Total

—

—

—

—

—

—

Interest And Investment Income

—

—

51.1

27.1

7.2

27.6

152.4

233

Net Interest Expenses

51.1

27.1

7.2

27.6

152.4

233

Currency Exchange Gains (Loss)

—

—

—

—

—

—

—

—

Other Non Operating Income (Expenses)

-0.1

-1.6

-1.1

-0.3

-6.3

-2.7

EBT, Excl. Unusual Items

856.8

729.5

930.9

1,554.3

2,403.3

2,832.6

Merger & Related Restructuring Charges

—

—

—

—

—

—

-4.2

—

—

—

—

Gain (Loss) On Sale Of Investments

—

—

—

—

5.4

13.6

—

27.5

18.7

-0.5

Legal Settlements

—

—

—

—

—

—

—

—

—

—

Other Unusual Items

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

862.3

738.9

930.9

1,581.8

2,422

2,832.1

Income Tax Expense

2.4

104.3

90

229.4

334.7

370

Earnings From Continuing Operations

859.9

634.6

840.9

1,352.4

2,087.3

2,462.1

Net Income

859.9

634.6

840.9

1,352.4

2,087.3

2,462.1

Preferred Dividend and Other Adjustments

0.4

—

—

—

—

—

Net Income to Common Incl Extra Items

859.4

634.6

840.9

1,352.4

2,087.3

2,462.1

Net Income to Common Excl. Extra Items

859.4

634.6

840.9

1,352.4

2,087.3

2,462.1

Total Shares Outstanding

305.6

304.7

307.7

306.9

312.2

314.1

Weighted Avg. Shares Outstanding

305.2

303.9

306.5

306.5

309.4

312.1

Weighted Avg. Shares Outstanding Dil

323.5

317.9

319.2

316.5

317.1

319.1

EPS

2.8

2.1

2.7

4.4

6.7

7.9

EPS Diluted

2.7

2

2.6

4.3

6.6

7.7

EBITDA

838.6

739

975.1

1,589.8

2,327.9

2,656.4

Effective Tax Rate

0.3%

14.1%

9.7%

14.5%

13.8%

13.1%