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Arista Networks, Inc. (ANET)
NYSE: ANET · Real-Time Price · USD
199.39
-0.14 (-0.07%)
At close: Sep 18, 2026, 4:00 PM EDT
202.51
+3.12 (1.56%)
Pre-market: Sep 21, 2026, 4:09 AM 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
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
4,0453,5112,8522,0871,352840.85
Depreciation & Amortization
92.772.66270.662.750.33
Loss (Gain) From Sale of Investments
----12.7726.85
Stock-Based Compensation
502.3439.2355.4296.8230.93186.88
Other Operating Activities
-203.9-339.1-546.5-404.8-253.21-82.18
Change in Accounts Receivable
-642.6-746.4-106.1-105.9-401.95-126.97
Change in Inventory
-476.2-412.5110.6-655.5-638.95-170.45
Change in Accounts Payable
141.4260.5-51.6198.631.4466.68
Change in Unearned Revenue
2,8042,4521,28546598.96278.49
Change in Income Taxes
-1.8-47.8-66.520.244.03-2.59
Change in Other Net Operating Assets
-954-818-186.461.7-46.34-52.04
Operating Cash Flow
5,3074,3723,7082,034492.811,016
Operating Cash Flow Growth
31.12%17.90%82.31%312.73%-51.49%38.19%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-151.3-119.5-32-34.4-44.64-64.74
Cash Acquisitions
--300-1.8-145.091.3
Investment in Securities
-4,459-3,172-2,419-651.7418.75-862.13
Other Investing Activities
-20.114.9-6.6-3.2-12.69-
Investing Cash Flow
-4,630-3,576-2,457-687.5216.33-925.56

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Issuance of Common Stock
59.857.760.262.148.4167.25
Repurchase of Common Stock
-662.5-1,654-482-145.9-703.01-428.13
Other Financing Activities
-3.7-----
Financing Cash Flow
-606.4-1,596-421.8-83.8-654.6-360.88

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-5.21.7-4.80.8-3.61-1.82
Net Cash Flow
64.7-798.5824.31,26450.93-272.4

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
5,1554,2523,6762,000448.17951.12
Free Cash Flow Growth
29.68%15.67%83.85%346.17%-52.88%32.15%
Free Cash Flow Margin
48.91%47.22%52.49%34.12%10.23%32.26%
Free Cash Flow Per Share
4.043.332.871.580.350.74
Levered Free Cash Flow
3,8923,3882,8441,503264.9649.26
Unlevered Free Cash Flow
3,8923,3882,8441,503264.9649.26

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
1,0961,096970.6686.2427.85189.77
Change in Working Capital
870.9687.8985.2-15.9-912.82-6.88
SEC Filings: 10-K · 10-Q