Arista networks, inc. (ANET)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13Jun'13
Revenue:
Revenue from Contract with Customer, Excluding Assessed Tax

523,029

552,546

654,415

608,321

595,424

595,726

563,309

519,845

472,489

467,867

437,633

405,211

335,475

327,969

290,261

268,741

242,196

245,446

217,548

195,552

179,045

173,489

155,463

137,947

117,207

101,625

83,485

Cost of revenue:
Total cost of revenue

184,778

196,243

237,141

218,130

214,854

220,734

201,726

185,962

169,570

160,702

157,016

145,434

121,265

-

-

-

-

89,278

75,800

67,662

61,291

57,049

54,506

44,567

35,893

36,589

29,584

Gross profit

338,251

356,303

417,274

390,191

380,570

374,992

361,583

333,883

302,919

307,165

280,617

259,777

214,210

210,155

186,420

171,451

155,090

156,168

141,748

127,890

117,754

116,440

100,957

93,380

81,314

65,036

53,901

Operating expenses:
Research and development

113,154

110,063

118,732

114,295

119,669

118,439

117,589

104,078

102,362

107,180

79,610

81,194

81,610

71,398

70,648

69,020

62,515

57,413

58,748

49,947

43,340

44,344

36,231

34,888

33,446

26,635

21,086

Sales and marketing

57,086

54,535

55,279

53,040

51,053

50,911

47,903

46,188

42,140

38,808

40,640

38,630

37,027

38,321

33,216

31,744

27,606

31,308

26,508

26,681

24,587

25,016

20,956

20,711

18,655

14,523

13,045

General and administrative

18,349

15,716

14,657

16,019

15,506

12,000

15,321

18,420

19,679

21,789

19,535

23,319

22,155

22,941

19,535

17,529

15,234

18,050

25,195

18,403

14,072

8,078

9,896

7,126

7,231

5,242

3,506

Litigation Settlement, Expense

-

0

0

0

-

0

0

405,000

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

188,589

180,314

188,668

183,354

186,228

181,350

180,813

573,686

164,181

167,777

139,785

143,143

140,792

132,660

123,399

118,293

105,355

106,771

110,451

95,031

81,999

77,438

67,083

62,725

59,332

46,400

37,637

Income from operations

149,662

175,989

228,606

206,837

194,342

193,642

180,770

-239,803

138,738

139,388

140,832

116,634

73,418

77,495

63,021

53,158

49,735

49,397

31,297

32,859

35,755

39,002

33,874

30,655

21,982

18,636

16,264

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

918

735

732

751

746

753

832

821

768

764

1,435

1,771

1,358

1,339

Interest expenserelated party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

439

433

Other income, net

-

-

-

-

-

-

-

-

-

2,988

2,136

1,119

1,025

560

639

416

337

-109

13

417

-468

-151

-824

2,472

-764

-23

-1

Nonoperating Income (Expense)

12,157

11,183

19,169

13,811

12,333

4,848

8,619

-2,169

4,156

2,247

1,435

496

310

-358

-96

-316

-414

-855

-740

-415

-1,289

-919

-1,588

1,037

-2,535

-1,820

-1,773

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

161,819

187,172

247,775

220,648

206,675

198,490

189,389

-241,972

142,894

141,635

142,267

117,130

73,728

77,137

62,925

52,842

49,321

48,542

30,557

32,444

34,466

38,083

32,286

31,692

19,447

16,816

14,491

Income Tax Expense (Benefit)

23,388

-73,520

38,880

31,397

5,646

28,168

20,865

-86,703

-1,644

37,802

8,545

14,445

-9,233

18,354

11,668

13,938

14,076

4,618

1,867

8,448

9,974

7,046

10,420

10,074

7,118

4,960

4,240

Net Income (Loss) Attributable to Parent

138,431

260,692

208,895

189,251

201,029

170,322

168,524

-155,269

144,538

103,833

133,722

102,685

82,961

58,783

51,257

38,904

35,245

43,924

28,690

23,996

24,492

31,037

21,866

21,618

12,329

11,856

10,251

Net income attributable to common stockholders:
Net Income (Loss) Available to Common Stockholders, Basic

138,431

260,583

208,798

189,152

200,911

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,838

4,948

Net Income (Loss) Available to Common Stockholders, Diluted

138,431

260,588

208,804

189,158

200,918

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,128

5,159

Earnings Per Share [Abstract]
Basic (in dollars per share)

1.82

3.41

2.73

2.47

2.65

2.26

2.25

-2.08

1.95

1.42

1.84

1.42

1.16

0.84

0.74

0.57

0.52

0.65

0.42

0.36

0.37

0.48

0.34

0.37

0.22

0.21

0.18

Diluted (in dollars per share)

1.73

3.25

2.59

2.33

2.47

2.10

2.08

-2.08

1.79

1.29

1.68

1.30

1.07

0.79

0.69

0.53

0.48

0.60

0.39

0.33

0.34

0.43

0.30

0.34

0.20

0.20

0.18

Weighted-average shares used in computing net income per share attributable to common stockholders:
Weighted Average Number of Shares Outstanding, Basic

76,264

76,345

76,427

76,556

75,920

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,557

26,926

Weighted Average Number of Shares Outstanding, Diluted

79,939

80,204

80,770

81,341

81,201

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,412

29,252

Product
Revenue from Contract with Customer, Excluding Assessed Tax

410,906

447,498

555,066

513,171

505,415

503,235

485,481

444,767

407,617

407,195

380,344

353,904

291,367

289,008

254,238

235,616

212,475

217,325

193,339

174,072

160,141

157,205

141,455

126,390

106,493

-

-

Total cost of revenue

163,629

175,476

218,220

200,534

198,152

204,507

187,764

171,622

156,691

147,919

145,874

134,406

109,836

108,057

94,777

88,021

78,913

81,142

67,990

60,014

54,439

51,312

49,633

40,032

33,027

-

-

Service
Revenue from Contract with Customer, Excluding Assessed Tax

112,123

105,048

99,349

95,150

90,009

92,491

77,828

75,078

64,872

60,672

57,289

51,307

44,108

38,961

36,023

33,125

29,721

28,121

24,209

21,480

18,904

16,284

14,008

11,557

10,714

-

-

Total cost of revenue

21,149

20,767

18,921

17,596

16,702

16,227

13,962

14,340

12,879

12,783

11,142

11,028

11,429

9,757

9,064

9,269

8,193

8,136

7,810

7,648

6,852

5,737

4,873

4,535

2,866

-

-