Arista Networks (ANET) Operating Leases (2019 - 2023)

Arista Networks (ANET) has reported Operating Leases for 5 consecutive years, with $48.0 million the latest figure, recorded in Q3 2023.

• In Q3 2023, Operating Leases rose 2.08% year-over-year to $48.0 million; the TTM figure through Sep 2023 stood at $48.0 million (up 2.08% YoY), while the FY2022 annual figure was $44.0 million, down 42.77% from the prior year.
• Operating Leases came in at $48.0 million for Q3 2023 at Arista Networks, down from $51.7 million in the prior quarter.
• The five-year high for Operating Leases was $107.8 million in Q1 2019, with the low at $44.0 million in Q4 2022.
• Average Operating Leases over 5 years is $69.0 million, with a median of $67.8 million recorded in 2021.
• Across the five-year window, Operating Leases increased 8.61% in 2020 and slumped 42.77% in 2022, its largest moves.
• Year by year, Operating Leases stood at $83.0 million in 2019, then advanced by 8.61% to $90.2 million in 2020, then slipped by 14.8% to $76.8 million in 2021, then plunged by 42.77% to $44.0 million in 2022, then gained by 9.28% to $48.0 million in 2023.
• According to Business Quant data, Operating Leases over the past three periods registered $48.0 million, $51.7 million, and $55.3 million for Q3 2023, Q2 2023, and Q1 2023 respectively.