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Arista Networks, Inc. (ANET)
NYSE: ANET · Real-Time Price · USD
180.35
+9.33 (5.46%)
At close: Jul 31, 2026, 4:00 PM EDT
179.06
-1.29 (-0.72%)
After-hours: Jul 31, 2026, 7:59 PM EDT

Arista Networks Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
3,7213,5112,8522,0871,352840.85
Depreciation & Amortization
82.172.66270.662.750.33
Stock-Based Compensation
467.1439.2355.4296.8230.93186.88
Other Adjustments
-328.2-339.1-546.5-404.8-240.45-55.33
Change in Receivables
-487.9-746.4-106.1-105.9-401.95-126.97
Changes in Inventories
-422.8-412.5110.6-655.5-638.95-170.45
Changes in Accounts Payable
218.2260.5-51.6198.631.4466.68
Changes in Income Taxes Payable
63.8-47.8-66.520.244.03-2.59
Changes in Unearned Revenue
2,9812,4521,28546598.96278.49
Changes in Other Operating Activities
-869.9-818-186.461.7-46.34-52.04
Operating Cash Flow
5,4244,3723,7082,034492.811,016
Operating Cash Flow Growth
41.39%17.90%82.31%312.73%-51.49%38.19%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-108.6-119.5-32-34.4-44.64-64.74
Purchases of Investments
-7,136-6,748-4,526-2,607-1,419-2,337
Proceeds from Sale of Investments
3,8863,5772,1071,9551,8381,475
Cash Acquisitions
--300-1.8-145.091.3
Other Investing Activities
-14.9-6.6-3.2-12.69-
Investing Cash Flow
-3,676-3,576-2,457-687.5216.33-925.56

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Issuance of Common Stock
59.557.760.262.148.4167.25
Repurchase of Common Stock
-857.9-1,654-482-145.9-703.01-428.13
Net Common Stock Issued (Repurchased)
-798.4-1,596-421.8-83.8-654.6-360.88
Other Financing Activities
-3.7-----
Financing Cash Flow
-802.1-1,596-421.8-83.8-654.6-360.88

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-1.61.7-4.80.8-3.61-1.82
Net Cash Flow
944.4-798.5824.31,26450.93-272.4

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
5,3154,2523,6762,000448.17951.12
Free Cash Flow Growth
39.96%15.67%83.85%346.17%-52.88%32.15%
FCF Margin
54.74%47.22%52.49%34.12%10.23%32.26%
Free Cash Flow Per Share
4.173.332.871.580.350.74
Levered Free Cash Flow
5,6644,8993,9732,214859.63946.55
Unlevered Free Cash Flow
5,3294,5733,6932,072812.87941
SEC Filings: 10-K · 10-Q