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Arista Networks (ANET) Cash Flow Waterfall

Trace Arista Networks's operating cash flow down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$5.42B

Capex

-$146M

Free Cash Flow

$5.28B

FCF Margin

+97.3%

Cash flow waterfall for Arista Networks (ANET) — TTM through Q1 2026

Free cash flow: $5.28B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Arista Networks (ANET) — TTM through Q1 2026

  • Operating Cash Flow$5.42B
  • Capital Expenditure-$146M
  • Free Cash Flow$5.28B
  • Acquisitions-$300M
  • Other Investing-$3.23B
  • Share Buybacks-$842M
  • Other Financing & FX$38.5M
  • Net Cash Increase$944M
Want to see what drove the FCF change?Free Cash Flow Bridge

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