Income Statement

Quarterly Annual

Selected Quarter:

31-Dec
2020

Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers

100%

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Service revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	90,009	95,150	99,349	105,048	112,123	119,157	125,189	130,201	486,670	520,804
Product revenue	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	505,415	513,171	555,066	447,498	410,906	421,413	480,242	518,281	1,830,842	2,073,124
Total Revenue	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$595,424	$608,321	$654,415	$552,546	$523,029	$540,570	$605,431	$648,482	$2,317,512	$2,593,928

Selected Quarter:

31-Dec
2020

Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells

70.0%

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Cost of Product	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	198,152	200,534	218,220	175,476	163,629	176,432	199,465	210,436	749,962	841,744
Service costs	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	16,702	17,596	18,921	20,767	21,149	20,049	21,004	23,462	85,664	93,848
Total cost of revenue	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	$214,854	$218,130	$237,141	$196,243	$184,778	$196,481	$220,469	$233,898	$835,626	$935,592
Gross profit	-	-	-	-	-	-	-	-	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	380,570	390,191	417,274	356,303	338,251	344,089	384,962	414,584	1,481,886	1,658,336
Total gross profit	45,679	45,679	45,679	-	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and marketing	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	51,053	53,040	55,279	54,535	57,086	51,237	53,372	67,671	229,366	270,684
Research and development	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	119,669	114,295	118,732	110,063	113,154	111,544	128,049	133,847	486,594	535,388
General and administrative	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	15,506	16,019	14,657	15,716	18,349	14,319	15,146	18,428	66,242	73,712
Litigation settlement	-	-	-	-	-	-	-	-	-	45,679	45,679	-	-	45,679	45,679	45,679	-	-	-	-	-	-	-	-	-	-
Total operating expenses	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	$186,228	$183,354	$188,668	$180,314	$188,589	$177,100	$196,567	$219,946	$782,202	$879,784

Selected Quarter:

31-Dec
2020

Income after excluding Operating Expenses from Total Revenue

30.0%

Key metric that shows earnings potential of the company's business model

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Operating income	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$194,342	$206,837	$228,606	$175,989	$149,662	$166,989	$188,395	$194,638	$699,684	$778,552

Selected Quarter:

31-Dec
2020

Cost usually unrelated to delivering service or manufacturing a product that business sells

0.9%

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter:	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Other expense or income	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	12,333	13,811	19,169	11,183	12,157	-	-	-	-	-
Other income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,811	19,169	11,183	-	8,256	13,224	5,542	39,179	22,168
Total non-operating income (expense)	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	12,333	13,811	19,169	11,183	12,157	8,256	13,224	5,542	39,179	22,168

Selected Quarter:

31-Dec
2020

Income after excluding Operating and Non-operating Expenses from Total Revenue

30.9%

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
EBIT	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$206,675	$220,648	$247,775	$187,172	$161,819	$175,245	$201,619	$200,180	$738,863	$800,720

Selected Quarter:

31-Dec
2020

Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure

2.7%

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Interest expense and/or income	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expense or income	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	-	45,679	-	-	-	12,333	-	-	-	-	-	-	-	-	-
Income before income taxes	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	206,675	220,648	247,775	187,172	161,819	175,245	201,619	200,180	738,863	800,720
Income tax expense or benefit	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	5,646	31,397	38,880	(73,520)	23,388	30,452	33,244	17,222	104,306	68,888

Selected Quarter:

31-Dec
2020

Ultimate measure of Income - Net result after excluding all expenses from Total Revenue

28.2%

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net income (loss)	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$45,679	$201,029	$189,251	$208,895	$260,692	$138,431	$144,793	$168,375	-	$634,557	-
Net income (loss) attributable to common stock - basic Net income (loss) attributable to common stock - basic	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	200,911	189,152	208,799	260,583	138,431	144,793	168,375	182,958	634,557	731,832
Diluted	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	45,679	200,918	189,158	208,804	260,588	138,431	144,793	168,375	182,958	634,557	731,832

Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective

	2015 31-Mar	2015 30-Jun	2015 30-Oct	2016 19-Feb	2016 29-Apr	2016 29-Jul	2016 28-Oct	2017 10-Feb	2017 28-Apr	2017 28-Jul	2017 27-Oct	2018 09-Feb	2018 27-Apr	2018 31-Jul	2018 26-Oct	2019 08-Feb	2019 26-Apr	2019 26-Jul	2019 25-Oct	2020 10-Feb	2020 01-May	2020 29-Jul	2020 27-Oct	2021 12-Feb	2021 12-Feb	2021 12-Feb
Common	-	-	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	45,678,795	76,622,544	76,644,302	76,399,052	76,479,227	75,704,516	76,025,600	75,661,464	76,331,573	76,331,573	76,331,573

Selected Quarter:

31-Dec
2020

Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)

	2015 31-Mar	2015 30-Jun	2015 30-Sep	2015 31-Dec	2016 31-Mar	2016 30-Jun	2016 30-Sep	2016 31-Dec	2017 31-Mar	2017 30-Jun	2017 30-Sep	2017 31-Dec	2018 31-Mar	2018 30-Jun	2018 30-Sep	2018 31-Dec	2019 31-Mar	2019 30-Jun	2019 30-Sep	2019 31-Dec	2020 31-Mar	2020 30-Jun	2020 30-Sep	Selected Quarter: 2020 31-Dec	Last Twelve Months LTM 2020 31-Dec	Last Quarter Annualized LQA 2020 31-Dec
Net Income per basic share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$2.65	$2.47	$2.73	$3.41	$1.82	$1.91	$2.22	$2.41	$8.35	$9.64
Net Income per diluted share	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$45,678,795.00	$2.47	$2.33	$2.59	$3.25	$1.73	$1.83	$2.12	$2.31	$7.99	$9.24

Arista Networks Inc

Short Description

Income Statement

Product revenue

Service revenue

Cost of Product

Research and development

Sales and marketing

Service costs

General and administrative

Operating Income

Other income

EBIT

Income tax expense or benefit

Net income (loss)