Arista Networks Inc.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.15B | $1.65B | $1.13B | $837.0M | $584.2M | $361.2M | $193.0M | $139.9M |
| Product | $1.86B | $1.42B | $978.8M | $718.3M | $500.1M | $317.5M | $179.4M | $134.8M |
| Service | $293.1M | $221.8M | $151.0M | $118.7M | $84.0M | $43.8M | $13.7M | $5.0M |
| Cost of Revenue | $778.0M | $584.4M | $406.1M | $294.0M | $192.0M | $122.7M | $61.3M | — |
| Gross Profit | $1.37B | $1.06B | $723.1M | $543.6M | $392.1M | $238.5M | $132.2M | — |
| Gross Margin | 63.9% | 64.5% | 64.0% | 64.9% | 67.1% | 66.0% | 68.5% | — |
| Operating Expenses | ||||||||
| Research & Development | $442.5M | $349.6M | $273.6M | $209.4M | $148.9M | $98.6M | $55.2M | — |
| SG&A Expense | $65.4M | $86.8M | $75.2M | $75.7M | $32.3M | $18.7M | $8.5M | — |
| Operating Income | $273.3M | $470.3M | $243.4M | $149.3M | $125.5M | $66.1M | $39.9M | — |
| Operating Margin | 12.7% | 28.6% | 21.5% | 17.8% | 21.5% | 18.3% | 20.7% | — |
| Interest Expense | $2.7M | $2.8M | $3.1M | — | — | — | — | — |
| Pretax Income | $288.8M | $474.8M | $242.2M | $146.0M | $121.5M | $58.3M | $33.0M | — |
| Income Tax Expense | $-39.3M | $51.6M | $58.0M | $24.9M | $34.7M | $15.8M | $11.6M | — |
| Net Income | $328.1M | $423.2M | $184.2M | $121.1M | $86.9M | $42.5M | $21.3M | — |
| Net Margin | 15.3% | 25.7% | 16.3% | 14.5% | 14.9% | 11.8% | 11.1% | — |
| EPS (Basic) | $0.27 | $0.37 | $0.17 | $0.11 | $0.09 | $0.05 | $0.02 | — |
| EPS (Diluted) | $0.25 | $0.33 | $0.16 | $0.10 | $0.08 | $0.05 | $0.02 | — |
| Shares Outstanding (Basic) | 1.20B | 1.16B | 1.10B | 1.06B | 774.8M | 437.1M | 395.4M | — |
| Shares Outstanding (Diluted) | 1.29B | 1.26B | 1.17B | 1.14B | 873.4M | 480.8M | 398.4M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |
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