Arista Networks, Inc. (ANET) FY2024 Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-07-01 to 2024-09-30

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Arista Networks, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $747,938,000.00Deferred revenue → Operating adjustments reconciliation: $388,545,000.00Accounts receivable, net → Operating adjustments reconciliation: $105,727,000.00Stock-based compensation → Operating adjustments reconciliation: $98,123,000.00Inventories → Operating adjustments reconciliation: $83,814,000.00Depreciation and amortization → Operating adjustments reconciliation: $15,538,000.00Other liabilities → Operating adjustments reconciliation: $5,291,000.00Accrued liabilities → Operating adjustments reconciliation: $2,498,000.00Operating adjustments reconciliation → Net cash from operating activities: $426,518,000.00Operating adjustments reconciliation → Deferred income taxes: $148,266,000.00Operating adjustments reconciliation → Other assets: $80,542,000.00Operating adjustments reconciliation → Amortization (accretion) of investment premiums (discounts): $16,766,000.00Operating adjustments reconciliation → Income taxes, net: $14,304,000.00Operating adjustments reconciliation → Remaining operating cash flows, net (calculated): $7,371,000.00Operating adjustments reconciliation → Accounts payable: $5,769,000.00Proceeds from maturities of marketable securities → investing reconciliation: $474,776,000.00Proceeds from sales of marketable securities → investing reconciliation: $8,115,000.00Net cash used in investing activities → investing reconciliation: $373,872,000.00investing reconciliation → Purchases of marketable securities: $844,110,000.00investing reconciliation → Purchases of property and equipment: $7,025,000.00investing reconciliation → Remaining investing cash flows, net (calculated): $5,628,000.00Net cash used in financing activities → financing reconciliation: $55,626,000.00Proceeds from issuance of common stock under equity plans → financing reconciliation: $20,984,000.00financing reconciliation → Repurchases of common stock: $65,157,000.00financing reconciliation → Tax withholding paid on behalf of employees for net share settlement: $11,453,000.00Exchange-rate effect → Cash sources and uses: $1,681,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,429,899,000.00Net cash from operating activities → Cash sources and uses: $1,174,456,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,176,538,000.00Cash sources and uses → Net cash used in investing activities: $373,872,000.00Cash sources and uses → Net cash used in financing activities: $55,626,000.00Deferred revenue: $388,545,000.00Deferred revenue+$388.55 MDepreciation and amortization: $15,538,000.00Depreciation & amortization+$15.54 MDeferred income taxes: -$148,266,000.00Deferred income taxes−$148.27 MAccounts receivable, net: $105,727,000.00Accounts receivable+$105.73 MAccounts payable: -$5,769,000.00Accounts payable−$5.77 MOther assets: -$80,542,000.00Other current assets−$80.54 MInventories: $83,814,000.00Inventories+$83.81 MStock-based compensation: $98,123,000.00Stock-based compensation+$98.12 MNet income: $747,938,000.00Net income+$747.94 MOther liabilities: $5,291,000.00Other operating liabilities+$5.29 MAccrued liabilities: $2,498,000.00Accrued liabilities+$2.50 MAmortization (accretion) of investment premiums (discounts): -$16,766,000.00Securities accretion, net−$16.77 MIncome taxes, net: -$14,304,000.00Income tax balances−$14.30 MRemaining operating cash flows, net (calculated): -$7,371,000.00Remaining operating (calculated)−$7.37 MNet cash from operating activities: $1,174,456,000.00Operating cash+$1.17 BOperating adjustments reconciliation: $699,536,000.00Proceeds from issuance of common stock under equity plans: $20,984,000.00Employee stock plans & options+$20.98 MTax withholding paid on behalf of employees for net share settlement: -$11,453,000.00Stock-award tax withholding−$11.45 MRepurchases of common stock: -$65,157,000.00Common stock repurchases−$65.16 MNet cash used in financing activities: -$55,626,000.00. Cash required to fund net payments.Financing cash−$55.63 Mfinancing reconciliation: $76,610,000.00Proceeds from sales of marketable securities: $8,115,000.00AFS securities sales+$8.12 MProceeds from maturities of marketable securities: $474,776,000.00Marketable securities proceeds+$474.78 MPurchases of property and equipment: -$7,025,000.00PP&E purchases−$7.03 MPurchases of marketable securities: -$844,110,000.00Marketable securities purchases−$844.11 MRemaining investing cash flows, net (calculated): -$5,628,000.00Remaining investing (calculated)−$5.63 MNet cash used in investing activities: -$373,872,000.00. Cash required to fund net payments.Investing cash−$373.87 Minvesting reconciliation: $856,763,000.00Cash sources and uses: $3,606,036,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,429,899,000.00Beginning cash$2.43 BEnding cash: Cash, cash equivalents, and restricted cash: $3,176,538,000.00Ending cash$3.18 BExchange-rate effect: $1,681,000.00FX effect+$1.68 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.17 BOperating cash − cash spent on PP&ECash flow / Net income1.57×Operating cash flow ÷ net incomeNet cash change+$746.64 MEnding cash − beginning cash
Chart details

Arista Networks, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024

Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jun 30, 2024
2,429,899,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,174,456,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Noncash lease expense), so Other cannot be separated for this quarter. It may combine inflows and outflows.
Net income
747,938,000 US dollars
Deferred revenue
388,545,000 US dollars
Depreciation and amortization
15,538,000 US dollars
Deferred income taxes
negative 148,266,000 US dollars
Accounts receivable, net
105,727,000 US dollars
Accounts payable
negative 5,769,000 US dollars
Other assets
negative 80,542,000 US dollars
Inventories
83,814,000 US dollars
Stock-based compensation
98,123,000 US dollars
Other liabilities
5,291,000 US dollars
Accrued liabilities
2,498,000 US dollars
Amortization (accretion) of investment premiums (discounts)
negative 16,766,000 US dollars
Income taxes, net
negative 14,304,000 US dollars
Remaining operating cash flows, net (calculated)
negative 7,371,000 US dollars
Investing activities
negative 373,872,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Investments in notes and privately-held companies), so Other investing activities cannot be separated for this quarter. It may combine inflows and outflows.
Proceeds from sales of marketable securities
8,115,000 US dollars
Proceeds from maturities of marketable securities
474,776,000 US dollars
Purchases of property and equipment
negative 7,025,000 US dollars
Purchases of marketable securities
negative 844,110,000 US dollars
Remaining investing cash flows, net (calculated)
negative 5,628,000 US dollars
Financing activities
negative 55,626,000 US dollars. Net cash used.
Proceeds from issuance of common stock under equity plans
20,984,000 US dollars
Tax withholding paid on behalf of employees for net share settlement
negative 11,453,000 US dollars
Repurchases of common stock
negative 65,157,000 US dollars
Operating adjustment reconciliation
699,536,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
76,610,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing displayed reconciliation
856,763,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
1,681,000 US dollars
Ending cash on Sep 30, 2024
3,176,538,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,606,036,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
746,639,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.57×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,174,456,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
7,025,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,167,431,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $426.52M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,174,456,000 US dollars minus 7,025,000 US dollars equals 1,167,431,000 US dollars.
Arista Networks, Inc. (ANET) FY2024 Q3 Statement of Cash Flows Sankey chart
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