Arista Networks, Inc. (ANET) FY2026 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-03-31

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Arista Networks, Inc. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026One 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. 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: $1,022,900,000.00Deferred revenue → Operating adjustments reconciliation: $826,200,000.00Income taxes, net → Operating adjustments reconciliation: $352,900,000.00Stock-based compensation → Operating adjustments reconciliation: $120,900,000.00Depreciation and amortization → Operating adjustments reconciliation: $23,300,000.00Operating adjustments reconciliation → Net cash from operating activities: $670,600,000.00Operating adjustments reconciliation → Other assets: $298,700,000.00Operating adjustments reconciliation → Inventories: $133,000,000.00Operating adjustments reconciliation → Deferred income taxes: $104,900,000.00Operating adjustments reconciliation → Other liabilities: $40,200,000.00Operating adjustments reconciliation → Accounts receivable, net: $36,900,000.00Operating adjustments reconciliation → Accounts payable: $35,600,000.00Operating adjustments reconciliation → Other: $3,400,000.00Proceeds from issuance of common stock under equity plans → financing reconciliation: $29,900,000.00financing reconciliation → Tax withholding paid on behalf of employees for net share settlement: $26,200,000.00financing reconciliation → Other: $3,700,000.00Net cash used in investing activities → investing reconciliation: $865,300,000.00Proceeds from maturities of marketable securities → investing reconciliation: $739,900,000.00Proceeds from sale of marketable securities → investing reconciliation: $376,900,000.00Other → investing reconciliation: $5,000,000.00investing reconciliation → Purchases of marketable securities: $1,932,600,000.00investing reconciliation → Purchases of property and equipment: $54,500,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,965,300,000.00Net cash from operating activities → Cash sources and uses: $1,693,500,000.00Cash sources and uses → Exchange-rate effect: $2,600,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,790,900,000.00Cash sources and uses → Net cash used in investing activities: $865,300,000.00Deferred revenue: $826,200,000.00Deferred revenue+$826.20 MDepreciation and amortization: $23,300,000.00Depreciation & amortization+$23.30 MDeferred income taxes: -$104,900,000.00Deferred income taxes−$104.90 MAccounts receivable, net: -$36,900,000.00Accounts receivable−$36.90 MAccounts payable: -$35,600,000.00Accounts payable−$35.60 MOther assets: -$298,700,000.00Other current assets−$298.70 MInventories: -$133,000,000.00Inventories−$133.00 MStock-based compensation: $120,900,000.00Stock-based compensation+$120.90 MNet income: $1,022,900,000.00Net income+$1.02 BOther liabilities: -$40,200,000.00Other operating liabilities−$40.20 MIncome taxes, net: $352,900,000.00Income tax balances+$352.90 MOther: -$3,400,000.00Other operating, net−$3.40 MNet cash from operating activities: $1,693,500,000.00Operating cash+$1.69 BOperating adjustments reconciliation: $1,323,300,000.00Proceeds from issuance of common stock under equity plans: $29,900,000.00Employee stock plans & options+$29.90 MTax withholding paid on behalf of employees for net share settlement: -$26,200,000.00Stock-award tax withholding−$26.20 MRepurchases of common stock: $0.00Other: -$3,700,000.00Other financing, net−$3.70 MNet cash from financing activities: $0.00Financing cash$0.00financing reconciliation: $29,900,000.00Proceeds from sale of marketable securities: $376,900,000.00AFS securities sales+$376.90 MPurchases of property and equipment: -$54,500,000.00PP&E purchases−$54.50 MPurchases of marketable securities: -$1,932,600,000.00Marketable securities purchases−$1.93 BProceeds from maturities of marketable securities: $739,900,000.00Marketable securities proceeds+$739.90 MOther: $5,000,000.00Other investing, net+$5.00 MNet cash used in investing activities: -$865,300,000.00. Cash required to fund net payments.Investing cash−$865.30 Minvesting reconciliation: $1,987,100,000.00Cash sources and uses: $3,658,800,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,965,300,000.00Beginning cash$1.97 BEnding cash: Cash, cash equivalents, and restricted cash: $2,790,900,000.00Ending cash$2.79 BExchange-rate effect: -$2,600,000.00FX effect−$2.60 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$1.64 BOperating cash − cash spent on PP&ECash flow / Net income1.66×Operating cash flow ÷ net incomeNet cash change+$825.60 MEnding cash − beginning cash
Chart details

Arista Networks, Inc. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
1,965,300,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,693,500,000 US dollars. Net cash provided.
Net income
1,022,900,000 US dollars
Deferred revenue
826,200,000 US dollars
Depreciation and amortization
23,300,000 US dollars
Deferred income taxes
negative 104,900,000 US dollars
Accounts receivable, net
negative 36,900,000 US dollars
Accounts payable
negative 35,600,000 US dollars
Other assets
negative 298,700,000 US dollars
Inventories
negative 133,000,000 US dollars
Stock-based compensation
120,900,000 US dollars
Other liabilities
negative 40,200,000 US dollars
Income taxes, net
352,900,000 US dollars
Other
negative 3,400,000 US dollars
Investing activities
negative 865,300,000 US dollars. Net cash used.
Proceeds from sale of marketable securities
376,900,000 US dollars
Purchases of property and equipment
negative 54,500,000 US dollars
Purchases of marketable securities
negative 1,932,600,000 US dollars
Proceeds from maturities of marketable securities
739,900,000 US dollars
Other
5,000,000 US dollars
Financing activities
0 US dollars. No net cash provided or used.
Proceeds from issuance of common stock under equity plans
29,900,000 US dollars
Tax withholding paid on behalf of employees for net share settlement
negative 26,200,000 US dollars
Repurchases of common stock
0 US dollars
Other
negative 3,700,000 US dollars
Operating adjustment reconciliation
1,323,300,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
29,900,000 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 gross reconciliation
1,987,100,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 2,600,000 US dollars
Ending cash on Mar 31, 2026
2,790,900,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,658,800,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
825,600,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.66×. 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
1,693,500,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
54,500,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,639,000,000 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 $670.60M 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: 1,693,500,000 US dollars minus 54,500,000 US dollars equals 1,639,000,000 US dollars.
Arista Networks, Inc. (ANET) FY2026 Q1 Statement of Cash Flows Sankey chart
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