Company name:
Arista Networks Inc
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IPO SHARE PRICE:$43.00
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IPO DATE:June 06, 2014
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TICKER:ANET
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:5453 Great America Parkway Santa Clara California 95054
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Arista Networks Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Statement of Cash Flow
(USD in thousand)
Selected Year:
31-Dec
2020
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
63.9% -
Net income (loss)
13.8% -
Stock-based compensation
5.1% -
Deferred revenue
4.5% -
Depreciation and amortization
4.1% -
Accounts payable
1.7% -
Other liabilities
1.7% -
Lease expense
1.4% -
Prepaid expenses and other assets
1.1% -
Accounts receivable
1.0% -
(Accretion) amortization of investment discount premium net
0.9% -
Income tax payable
0.5% -
Other assets
0.3% -
Accrued liabilities
SOURCEs
0.0%
4.5%
5.1%
4.1%
13.8%
63.9%
100 %
0%
USES
74.0%
23.7%
23.7% -
Inventory
0.9% -
Gain or loss on sale of marketable securities
0.9% -
Deferred income taxes
0.4% -
(Gain) loss on investments in privately-held companies
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $328,115 | $859,867 | $634,557 | $634,557 | $731,832 | ||||||
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Depreciation and amortization
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27,671 | 32,849 | 44,590 | 44,590 | 50,460 | ||||||
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Amortization of (discount) premium on investments
|
- | - | - | - | - | ||||||
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Amortization of debt discount
|
- | - | - | - | - | ||||||
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Stock-based compensation
|
91,202 | 101,280 | 137,042 | 137,042 | 160,380 | ||||||
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Provision for (recovery of) bad debt expense
|
- | - | - | - | - | ||||||
|
(Accretion) amortization of investment discount premium net
(Accretion) amortization of investment discount premium net
|
(3,360) | (6,771) | 10,381 | 10,381 | 17,404 | ||||||
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Lease expense
|
- | 16,179 | 16,970 | 16,970 | 17,456 | ||||||
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Excess tax benefit related to stock-options compensation
Excess tax benefit related to stock-options compensation
|
- | - | - | - | - | ||||||
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Deferred income taxes
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(57,896) | (75,741) | (9,144) | (9,144) | (49,620) | ||||||
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(Gain) loss on investments in privately-held companies
(Gain) loss on investments in privately-held companies
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13,800 | (5,427) | (4,164) | (4,164) | (16,656) | ||||||
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Gain or loss on sale of marketable securities
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- | - | (9,432) | (9,432) | - | ||||||
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Loss (gain) on notes receivable
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- | - | - | - | - | ||||||
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Write-off of debt discount on notes payable
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- | - | - | - | - | ||||||
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Accounts receivable
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(77,916) | (60,210) | 10,673 | 10,673 | (350,392) | ||||||
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Inventory
|
51,054 | 20,927 | (235,318) | (235,318) | (165,288) | ||||||
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Prepaid expenses and other assets
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21,411 | 54,259 | 13,846 | 13,846 | (99,232) | ||||||
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Other assets
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(3,389) | (8,112) | 4,965 | 4,965 | (11,540) | ||||||
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Accounts payable
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39,337 | (1,937) | 41,161 | 41,161 | (122,568) | ||||||
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Income tax payable
|
(112) | 23,523 | 8,805 | 8,805 | 41,888 | ||||||
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Interest payable
|
- | - | - | - | - | ||||||
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Interest payable related party
|
- | - | - | - | - | ||||||
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Accrued liabilities
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(14,786) | 16,366 | 2,728 | 2,728 | 130,156 | ||||||
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Deferred revenue
|
70,533 | (11,939) | 50,352 | 50,352 | 339,204 | ||||||
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Other
|
- | - | - | - | - | ||||||
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Other liabilities
|
17,455 | 7,921 | 17,102 | 17,102 | 74,212 | ||||||
| Net cash provided by (used in) operating activities | $503,119 | $963,034 | $735,114 | $735,114 | $747,696 |
Selected Year:
31-Dec
2020
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
52.7% -
Maturities of marketable securities
26.4% -
Sale of marketable securities
0.1% -
(Purchases) sale of investments in private companies
SOURCEs
20.8%
52.7%
26.4%
100 %
0%
USES
91.7%
7.8%
91.7% -
Purchases of marketable securities
7.8% -
Business combinations net of cash
0.5% -
(Purchase) sale of property equipment and intangible assets
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|
|
|
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|---|---|---|---|---|---|---|---|---|---|---|---|
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(Increase) decrease in restricted cash and deposits
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- | - | - | - | - | ||||||
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(Purchases) sales of marketable securities
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(1,174,259) | - | - | - | - | ||||||
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Purchases of marketable securities
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(1,174,259) | (1,503,893) | (2,688,064) | (2,688,064) | (1,886,512) | ||||||
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Sale of marketable securities
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- | - | 772,978 | 772,978 | - | ||||||
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Maturities of marketable securities
|
547,797 | 1,208,717 | 1,545,689 | 1,545,689 | 1,448,352 | ||||||
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(Purchases) sale of investments in private companies
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(8,000) | 28,220 | 3,399 | 3,399 | 13,596 | ||||||
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(Purchase) sale of property and equipment
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(23,830) | (15,751) | - | - | - | ||||||
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(Purchase) sale of property equipment and intangible assets
(Purchase) sale of property equipment and intangible assets
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(23,830) | (15,751) | (15,384) | (15,384) | (61,536) | ||||||
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Repayments of notes receivable
|
2,000 | - | - | - | - | ||||||
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Acquisition of business net of cash
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(96,821) | (1,365) | - | - | - | ||||||
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Business combinations net of cash
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(96,821) | (1,365) | (227,420) | (227,420) | (909,680) | ||||||
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Other investing activities
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(2,000) | - | - | - | - | ||||||
| Net cash provided by (used in) investing activities | ($755,113) | ($284,072) | ($608,802) | ($608,802) | ($1,113,304) |
Selected Year:
31-Dec
2020
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
14.3% -
Issuance of common stock under Employee Stock Purchase Plan (ESPP)
SOURCEs
85.7%
14.3%
100 %
0%
USES
97.8%
97.8% -
Repurchases of common stock
2.2% -
Employee withholding taxes paid on share-based compensation
|
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|
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|---|---|---|---|---|---|---|---|---|---|---|---|
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Initial Public Offering (IPO) net
|
- | - | - | - | - | ||||||
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Issuance of common stock from excercise of stock options
Issuance of common stock from excercise of stock options
|
- | - | - | - | - | ||||||
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Issuance of common stock under Employee Stock Purchase Plan (ESPP)
Issuance of common stock under Employee Stock Purchase Plan (ESPP)
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53,658 | 57,378 | 57,556 | 57,556 | 59,408 | ||||||
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Repayment of notes payable
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- | - | - | - | - | ||||||
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Repayments of lease financing obligations
|
(1,929) | - | - | - | - | ||||||
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Employee withholding taxes paid on share-based compensation
Employee withholding taxes paid on share-based compensation
|
(8,878) | (9,200) | (8,722) | (8,722) | (11,160) | ||||||
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Minimum employee withholding taxes paid on share-based compensation
Minimum employee withholding taxes paid on share-based compensation
|
- | - | - | - | - | ||||||
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Excess tax benefit from stock-based compensation
|
- | - | - | - | - | ||||||
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Repurchases of common stock
|
- | (266,142) | (395,173) | (395,173) | - | ||||||
| Net cash provided by (used in) financing activities | $42,851 | ($217,964) | ($346,339) | ($346,339) | $48,248 |
Selected Year:
31-Dec
2020
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
($218,061,000)
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents - Beginning of period | $864,697 | $654,164 | $1,115,515 | - | $3,898,328 | ||||||
| Effect of changes in foreign exchange rates on cash | (1,390) | 353 | 1,966 | - | 8,848 | ||||||
| (Decrease) increase in cash and cash equivalents | (210,533) | 461,351 | (218,061) | - | (308,512) | ||||||
| Cash and equivalents - End of period | $654,164 | $1,115,515 | ($1) | - | ($4) |