Arista Networks Inc
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
ANET$185.02-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $2,852,054 | $2,087,321 | $1,352,446 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 62,038 | 70,630 | 62,700 |
| Stock-based compensation | 355,364 | 296,756 | 230,934 |
| Deferred income taxes | (492,874) | (370,796) | (244,382) |
| Amortization (accretion) of investment premiums (discount) | (60,468) | (33,518) | 12,767 |
| Other | 6,939 | (463) | (8,831) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (106,080) | (105,927) | (401,950) |
| Inventories | 110,608 | (655,474) | (638,948) |
| Other assets | (234,242) | (66,401) | (117,465) |
| Accounts payable | (51,635) | 198,612 | 31,436 |
| Other liabilities | 47,823 | 128,148 | 71,123 |
| Deferred revenue | 1,285,211 | 464,958 | 98,957 |
| Income taxes, net | (66,503) | 20,168 | 44,026 |
| Net cash provided by operating activities | 3,708,235 | 2,034,014 | 492,813 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Proceeds from maturities of marketable securities | 2,058,588 | 1,887,939 | 1,643,824 |
| Proceeds from sale of marketable securities | 48,845 | 67,284 | 193,782 |
| Purchases of marketable securities | (4,526,127) | (2,606,878) | (1,418,857) |
| Purchases of property, equipment and intangible assets | (32,032) | (34,434) | (44,644) |
| Cash paid for business combination, net of cash acquired | — | 1,799 | (145,087) |
| Other Investing activities | (6,628) | (3,164) | (12,691) |
| Net cash provided by (used in) investing activities | (2,457,354) | (687,454) | 216,327 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from issuance of common stock under equity plans | 60,181 | 62,093 | 48,411 |
| Tax withholding paid on behalf of employees for net share settlement | (58,372) | (33,563) | (32,725) |
| Repurchase of common stock | (423,619) | (112,279) | (670,287) |
| Net cash used in financing activities | (421,810) | (83,749) | (654,601) |
| Effect of exchange rate changes | (4,767) | 675 | (3,611) |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 824,304 | 1,263,486 | 50,928 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period | 1,939,464 | 675,978 | 625,050 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period | $2,763,768 | $1,939,464 | $675,978 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid for income taxes, net of refunds | $970,639 | $686,155 | $427,846 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.