v3.25.2

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 2,225.5	$ 2,762.4
Marketable securities	6,618.9	5,541.1
Accounts receivable, net	1,623.6	1,140.5
Inventories	2,059.1	1,834.6
Prepaid expenses and other current assets	976.4	632.3
Total current assets	13,503.5	11,910.9
Property and equipment, net	152.3	98.8
Goodwill	416.5	268.5
Deferred tax assets	1,802.5	1,440.4
Other assets	659.4	325.3
TOTAL ASSETS	16,534.2	14,043.9
CURRENT LIABILITIES:
Accounts payable	543.9	381.1
Accrued liabilities	380.7	435.3
Deferred revenue	2,787.6	1,727.3
Other current liabilities	339.2	188.5
Total current liabilities	4,051.4	2,732.2
Deferred revenue, non-current	1,274.1	1,064.1
Other long-term liabilities	307.1	252.8
TOTAL LIABILITIES	5,632.6	4,049.1
Commitments and Contingencies (Note 5)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.0001 par value—100 shares authorized and no shares issued and outstanding as of June 30, 2025 and December 31, 2024	0.0	0.0
Common stock, $0.0001 par value—4,000 shares authorized as of June 30, 2025 and December 31, 2024; 1,256.8 and 1,261.3 shares issued and outstanding as of June 30, 2025 and December 31, 2024	0.1	0.1
Additional paid-in capital	2,635.6	2,465.4
Retained earnings	8,262.1	7,542.5
Accumulated other comprehensive income (loss)	3.8	(13.2)
TOTAL STOCKHOLDERS’ EQUITY	10,901.6	9,994.8
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 16,534.2	$ 14,043.9

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Arista Networks, Inc. 10-Q