Arista Networks, Inc. (ANET)

Arista Networks Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	5,860	4,381	2,948	2,318	2,411
Revenue Growth (YoY)	33.75%	48.62%	27.21%	-3.87%	12.05%
Cost of Revenue	2,230	1,706	1,067	835.63	866.37
Gross Profit	3,630	2,676	1,881	1,482	1,544
Selling, General & Admin	518.11	420.2	369.29	295.61	275.81
Research & Development	854.92	728.39	586.75	486.59	462.76
Operating Expenses	1,373	1,149	956.04	782.2	738.56
Operating Income	2,257	1,527	924.74	699.68	805.77
Other Expense / Income	-164.78	-54.69	-6.14	-39.18	-56.07
Pretax Income	2,422	1,582	930.88	738.86	861.85
Income Tax	334.71	229.35	90.03	104.31	2.4
Net Income	2,087	1,352	840.85	634.56	859.44
Net Income Growth	54.34%	60.84%	32.51%	-26.17%	162.08%
Shares Outstanding (Basic)	309	306	307	304	305
Shares Outstanding (Diluted)	317	316	319	318	324
Shares Change	0.21%	-0.87%	0.43%	-1.75%	0.04%
EPS (Basic)	6.75	4.41	2.74	2.09	2.82
EPS (Diluted)	6.58	4.27	2.63	2.00	2.66
EPS Growth	54.10%	62.36%	31.50%	-24.81%	162.07%
Free Cash Flow	2,000	448.17	951.12	719.73	947.28
Free Cash Flow Per Share	6.46	1.46	3.10	2.37	3.10
Gross Margin	61.95%	61.07%	63.80%	63.94%	64.06%
Operating Margin	38.52%	34.86%	31.37%	30.19%	33.42%
Profit Margin	35.62%	30.87%	28.52%	27.38%	35.65%
Free Cash Flow Margin	34.12%	10.23%	32.26%	31.06%	39.29%
Effective Tax Rate	13.82%	14.50%	9.67%	14.12%	0.28%
EBITDA	2,511	1,663	998.33	790.99	910.88
EBITDA Margin	42.85%	37.96%	33.86%	34.13%	37.78%
Depreciation & Amortization	88.87	81.35	67.45	52.13	49.03
EBIT	2,422	1,582	930.88	738.86	861.85
EBIT Margin	41.33%	36.10%	31.58%	31.88%	35.75%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).