$20.3 B

ANET Mkt cap, 14-Sep-2018

$519.8 M

Arista Networks Revenue Q2, 2018
Arista Networks Gross profit (Q2, 2018)333.9 M
Arista Networks Gross profit margin (Q2, 2018), %64.2%
Arista Networks Net income (Q2, 2018)-155.3 M
Arista Networks EBIT (Q2, 2018)-239.8 M
Arista Networks Cash, 30-Jun-2018711.2 M
Arista Networks EV19.6 B

Arista Networks Revenue

Arista Networks revenue was $1.65 b in FY, 2017 which is a 45.8% year over year increase from the previous period.

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Arista Networks Revenue Breakdown

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Arista Networks revenue breakdown by business segment: 13.0% from Service and 87.0% from Product

Arista Networks revenue breakdown by geographic segment: 9.4% from Asia Pacific, 18.2% from Europe, Middle East and Africa, 71.4% from United States and 1.1% from Other

Arista Networks Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

837.6 m1.1 b1.6 b

Revenue growth, %

35%46%

Cost of goods sold

294 m406.1 m584.4 m

Gross profit

543.6 m723.1 m1.1 b

Gross profit Margin, %

65%64%64%

Sales and marketing expense

109.1 m130.9 m155.1 m

R&D expense

209.4 m273.6 m349.6 m

General and administrative expense

75.7 m75.2 m86.8 m

Operating expense total

394.3 m479.7 m591.5 m

EBIT

149.3 m243.4 m470.3 m

EBIT margin, %

18%22%29%

Interest expense

3.2 m3.1 m2.8 m

Pre tax profit

146 m242.2 m474.8 m

Income tax expense

24.9 m58 m51.6 m

Net Income

121.1 m184.2 m423.2 m

Arista Networks Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

687.3 m567.9 m859.2 m

Accounts Receivable

144.3 m253.1 m247.3 m

Inventories

92.1 m236.5 m306.2 m

Current Assets

974.3 m1.5 b2.3 b

PP&E

79.7 m168.7 m177.3 m

Total Assets

1.2 b1.7 b2.5 b

Accounts Payable

79.5 m79.5 m52.2 m

Current Liabilities

235 m459.6 m529.9 m

Long-term debt

41.2 m39.6 m37.7 m

Total Debt

41.2 m39.6 m37.7 m

Total Liabilities

371.7 m621.2 m798.9 m

Common Stock

7 k7 k7 k

Additional Paid-in Capital

537.9 m674.2 m804.7 m

Retained Earnings

250.9 m435.1 m859.1 m

Total Equity

788.2 m1.1 b1.7 b

Debt to Equity Ratio

0.1 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

1.5 x1.6 x1.5 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

275.2 m343 m418.5 m710.7 m531.1 m500.5 m746.6 m823.5 m854.5 m886.2 m711.2 m

Accounts Receivable

209.2 m122.3 m160.2 m135.1 m146.7 m210.2 m209.1 m269.6 m212.6 m207.3 m260.9 m

Inventories

91.2 m100.3 m109.9 m84 m118.1 m162.1 m286.8 m363.8 m333.2 m268.1 m245.4 m

Current Assets

736 m850.2 m921.1 m1 b1.1 b1.3 b1.7 b1.9 b2.1 b2.4 b2.6 b

PP&E

72.8 m73.2 m75.2 m79.9 m79.7 m78.1 m76.3 m75.8 m73.1 m73.8 m73.7 m

Total Assets

875.1 m990.8 m1.1 b1.2 b1.3 b1.5 b1.9 b2.2 b2.3 b2.6 b2.8 b

Accounts Payable

29.1 m43.8 m31.5 m24.8 m60.1 m77 m61 m80.4 m32.9 m70.4 m53.2 m

Current Liabilities

148.3 m202.5 m225 m214.3 m263.4 m355.1 m532.5 m610.8 m567.5 m457.8 m826.8 m

Long-term debt

42.2 m41.9 m41.6 m40.8 m40.4 m40 m39.1 m38.7 m38.2 m37.1 m36.6 m

Total Debt

42.2 m41.9 m41.6 m40.8 m40.4 m40 m39.1 m38.7 m38.2 m37.1 m36.6 m

Total Liabilities

264.6 m325.3 m349.7 m360.1 m418.2 m507.7 m711.2 m805.2 m777.2 m735 m1.1 b

Common Stock

7 k7 k7 k7 k7 k7 k7 k7 k7 k8 k8 k

Additional Paid-in Capital

456.5 m487.4 m516.6 m564.3 m592.5 m636.1 m711.1 m737.4 m770.3 m841.4 m872.6 m

Retained Earnings

154.3 m178.3 m207 m286.2 m325.1 m376.3 m518.9 m621.6 m755.3 m1 b852 m

Total Equity

610.5 m665.5 m723.2 m849.9 m916.8 m1 b1.2 b1.4 b1.5 b1.8 b1.7 b

Debt to Equity Ratio

0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

1.4 x1.5 x1.5 x1.4 x1.5 x1.5 x1.6 x1.6 x1.5 x1.4 x1.6 x

Arista Networks Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

121.1 m184.2 m423.2 m

Depreciation and Amortization

13.7 m19.7 m20.6 m

Accounts Receivable

(47.3 m)(108.9 m)5.8 m

Inventories

(14.1 m)(144.4 m)(69.7 m)

Accounts Payable

9 m38.7 m(30.1 m)

Cash From Operating Activities

447.3 m131.4 m631.6 m

Purchases of PP&E

(20 m)(21.4 m)(15.3 m)

Cash From Investing Activities

184.2 m(326 m)(392.6 m)

Long-term Borrowings

(1.1 m)(1.3 m)(1.6 m)

Cash From Financing Activities

63.1 m75.6 m51.5 m

Net Change in Cash

447.3 m(119.4 m)291.3 m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

24.5 m48.5 m77.2 m35.2 m74.1 m125.4 m83 m185.6 m319.4 m144.5 m(10.7 m)

Depreciation and Amortization

2.9 m6.2 m9.7 m4.8 m9.7 m14.8 m4.9 m10 m15.4 m5.7 m11.3 m

Accounts Receivable

(16.1 m)(25.4 m)(63.2 m)9.1 m(2.4 m)(66 m)44.1 m(16.5 m)40.5 m40 m(13.6 m)

Inventories

(10.7 m)(22.3 m)(31.9 m)8.1 m(26 m)(70 m)(50.3 m)(127.3 m)(96.7 m)38.1 m60.8 m

Accounts Payable

(1.9 m)11.8 m(145 k)(16.1 m)18.5 m35.5 m(18.6 m)1.3 m(46.1 m)20 m3.6 m

Cash From Operating Activities

20.8 m73.4 m84 m71.1 m126 m78.7 m162.9 m242.1 m448 m195.5 m326.1 m

Purchases of PP&E

(5.1 m)(8.8 m)(14 m)(8 m)(12 m)(15.8 m)(4.6 m)(9.5 m)(12.2 m)(6.3 m)(13.1 m)

Cash From Investing Activities

(5.8 m)(9.5 m)39.4 m(60.3 m)(308.2 m)(319.6 m)(2.9 m)(12.9 m)(200.3 m)(183.9 m)(497 m)

Long-term Borrowings

(255 k)(514 k)(778 k)(314 k)(634 k)(960 k)(383 k)(773 k)(1.2 m)(456 k)(921 k)

Cash From Financing Activities

20.2 m39 m55.3 m12.4 m25.9 m54.2 m18.5 m26 m38.2 m15.3 m23.4 m

Net Change in Cash

35.2 m102.9 m178.5 m23.3 m(156.3 m)(186.8 m)178.6 m255.6 m286.6 m27 m(148 m)

Arista Networks Ratios

USDY, 2018

EV/EBIT

-81.8 x

EV/CFO

60.2 x

Financial Leverage

1.6 x
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Arista Networks Operating Metrics

Arista Networks's Units Shipped was reported to be 10 m in FY, 2016. Arista Networks's Customers was reported to be 4.9 k in FY, 2017.
FY, 2015FY, 2016FY, 2017

Countries

70 80 80

Customers

3.70 k4.20 k4.90 k

Units Shipped

5 m10 m
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