Cash flow NetApp, Inc.

Stocks

NTAP

US64110D1046

Computer Hardware

Market Closed - Nasdaq 16:00:00 2026-08-21 EDT			5-day change	1st Jan Change
192.27 ^USD	-0.28%		-7.15%	+79.54%

08-20	NetApp Fiscal Q1 Results Expected Above Guidance on Storage Demand, Oppenheimer Says	MT
08-19	Netapp Insider Sold Shares Worth $533,290, According to a Recent SEC Filing	MT

7babdaf5ba90ed49fe1a3b.tXFS-G93hrFcj_5cvd_eKKcKnzKsQRo35QuudWXmjQo.8BocwAIVyNQ2uqgGxOmtSdRP2XXcDmx51zPpJ1KDxznEPTi6Bj386RDqxg

Published financial data: NETAPP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2022	2023	2024	2025	2026
Revenues	6.32B	6.36B	6.27B	6.57B	6.92B
Total Revenues	6.32B	6.36B	6.27B	6.57B	6.92B
Cost of Goods Sold, Total	2.1B	2.15B	1.84B	1.96B	2.03B
Gross Profit	4.22B	4.21B	4.43B	4.61B	4.9B
Selling General & Admin Expenses, Total	2.14B	2.09B	2.14B	2.18B	2.21B
R&D Expenses	881M	956M	1.03B	1.01B	991M
Other Operating Expenses, Total	3.02B	3.05B	3.16B	3.19B	3.2B
Operating Income	1.2B	1.16B	1.27B	1.42B	1.7B
Interest Expense, Total	-73M	-67M	-64M	-64M	-109M
Interest And Investment Income	7M	69M	112M	112M	113M
Net Interest Expenses	-66M	2M	48M	48M	4M
Currency Exchange Gains (Loss)	-91M	4M	-59M	38M	-15M
Other Non Operating Income (Expenses)	95M	10M	60M	-40M	-15M
EBT, Excl. Unusual Items	1.14B	1.18B	1.32B	1.47B	1.67B
Restructuring Charges	-33M	-120M	-44M	-83M	-21M
Merger & Related Restructuring Charges	-13M	-21M	-10M	-5M	-
Gain (Loss) On Sale Of Investments	-	32M	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	1.1B	1.07B	1.26B	1.38B	1.65B
Income Tax Expense	158M	-208M	277M	197M	372M
Earnings From Continuing Operations	937M	1.27B	986M	1.19B	1.28B
Net Income to Company	937M	1.27B	986M	1.19B	1.28B
Net Income - (IS)	937M	1.27B	986M	1.19B	1.28B
Net Income to Common Incl Extra Items	937M	1.27B	986M	1.19B	1.28B
Net Income to Common Excl. Extra Items	937M	1.27B	986M	1.19B	1.28B
Per Share Items
Net EPS - Basic	4.2	5.87	4.74	5.81	6.41
Basic EPS - Continuing Operations	4.2	5.87	4.74	5.81	6.41
Basic Weighted Average Shares Outstanding	223M	217M	208M	204M	199M
Net EPS - Diluted	4.09	5.79	4.63	5.67	6.35
Diluted EPS - Continuing Operations	4.09	5.79	4.63	5.67	6.35
Diluted Weighted Average Shares Outstanding	229M	220M	213M	209M	201M
Normalized Basic EPS	3.2	3.38	3.96	4.51	5.24
Normalized Diluted EPS	3.11	3.34	3.86	4.4	5.19
Dividend Per Share	2	2	2	2.08	2.08
Payout Ratio	47.6	33.91	42.19	35.75	32.37
American Depositary Receipts Ratio (ADR)	0.07	0.07	0.07	0.07	0.07
Supplemental Items
EBITDA	1.36B	1.36B	1.49B	1.64B	1.88B
EBITA	1.22B	1.18B	1.29B	1.44B	1.7B
EBIT	1.2B	1.16B	1.27B	1.42B	1.7B
EBITDAR	1.44B	1.44B	1.56B	1.71B	1.95B
Total Revenues (As Reported)	6.32B	6.36B	6.27B	6.57B	6.92B
Effective Tax Rate - (Ratio)	14.43	-19.51	21.93	14.24	22.57
Current Domestic Taxes	242M	248M	114M	169M	107M
Current Foreign Taxes	60M	150M	110M	128M	130M
Total Current Taxes	302M	398M	224M	297M	237M
Deferred Domestic Taxes	-152M	-47M	30M	-118M	94M
Deferred Foreign Taxes	8M	-559M	23M	18M	41M
Total Deferred Taxes	-144M	-606M	53M	-100M	135M
Normalized Net Income	713M	734M	823M	919M	1.04B
Interest on Long-Term Debt	-	67M	64M	64M	109M
Supplemental Operating Expense Items
Selling and Marketing Expenses	1.86B	1.83B	1.83B	1.86B	1.87B
General and Administrative Expenses	279M	265M	308M	311M	344M
Research And Development Expense From Footnotes	914M	998M	1.06B	1.04B	1B
Net Rental Expense, Total	76M	77M	68M	66M	67M
Imputed Operating Lease Interest Expense	15.6M	14.68M	13.05M	11M	18.77M
Imputed Operating Lease Depreciation	60.4M	62.32M	54.95M	55M	48.23M
Stock-Based Comp., COGS (Total)	17M	24M	29M	30M	28M
Stock-Based Comp., R&D Exp. (Total)	75M	111M	132M	135M	126M
Stock-Based Comp., S&M Exp. (Total)	115M	135M	143M	162M	155M
Stock-Based Comp., G&A Exp. (Total)	38M	42M	53M	59M	73M
Total Stock-Based Compensation	245M	312M	357M	386M	382M

Fiscal Period: April	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	4.11B	2.32B	1.9B	2.74B	2.07B
Short Term Investments	28M	761M	1.36B	1.11B	1.51B
Total Cash And Short Term Investments	4.14B	3.08B	3.26B	3.85B	3.58B
Accounts Receivable, Total	1.23B	987M	1.01B	1.25B	1.29B
Total Receivables	1.23B	987M	1.01B	1.25B	1.29B
Inventory	204M	167M	186M	186M	198M
Other Current Assets, Total	371M	449M	446M	566M	708M
Total Current Assets	5.94B	4.68B	4.9B	5.85B	5.78B
Gross Property Plant And Equipment	2.15B	2.29B	2.33B	2.38B	2.21B
Accumulated Depreciation	-1.25B	-1.36B	-1.48B	-1.57B	-1.39B
Net Property Plant And Equipment	896M	931M	851M	804M	820M
Long-term Investments	103M	80M	85M	92M	98M
Goodwill	2.35B	2.76B	2.76B	2.72B	2.77B
Other Intangibles, Total	142M	181M	124M	43M	22M
Deferred Tax Assets Long-Term	362M	948M	896M	994M	859M
Deferred Charges Long-Term	117M	-	-	-	-
Other Long-Term Assets, Total	115M	239M	275M	316M	397M
Total Assets	10.03B	9.82B	9.89B	10.82B	10.74B
Liabilities
Accounts Payable, Total	607M	392M	517M	511M	550M
Accrued Expenses, Total	832M	793M	942M	1.06B	1.08B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	250M	-	400M	750M	-
Current Portion of Leases	47M	47M	40M	40M	42M
Current Income Taxes Payable	-	-	-	-	29M
Unearned Revenue Current, Total	2.17B	2.22B	2.18B	2.28B	2.32B
Other Current Liabilities	46M	17M	31M	18M	-
Total Current Liabilities	3.95B	3.47B	4.11B	4.66B	4.02B
Long-Term Debt	2.39B	2.39B	1.99B	2.48B	2.49B
Long-Term Leases	257M	248M	220M	216M	204M
Unearned Revenue Non Current	2.06B	2.1B	2.06B	2.26B	2.52B
Pension & Other Post Retirement Benefits	-	-	-	-	-
Other Non Current Liabilities	531M	460M	365M	163M	156M
Total Liabilities	9.19B	8.66B	8.74B	9.78B	9.39B
Common Stock, Total	760M	945M	997M	1.11B	1.21B
Retained Earnings	122M	265M	208M	-	153M
Comprehensive Income and Other	-44M	-51M	-59M	-66M	-11M
Total Common Equity	838M	1.16B	1.15B	1.04B	1.35B
Total Equity	838M	1.16B	1.15B	1.04B	1.35B
Total Liabilities And Equity	10.03B	9.82B	9.89B	10.82B	10.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	221M	212M	206M	200M	196M
ECS Total Common Shares Outstanding	220M	212M	206M	201M	196M
Book Value / Share	3.81	5.47	5.56	5.17	6.89
Tangible Book Value	-1.65B	-1.78B	-1.74B	-1.73B	-1.44B
Tangible Book Value Per Share	-7.5	-8.4	-8.43	-8.59	-7.36
Total Debt	2.94B	2.68B	2.65B	3.49B	2.73B
Net Debt	-1.2B	-393M	-606M	-362M	-851M
Debt Equivalent of Unfunded Proj. Benefit Obligation	30M	31M	36M	40M	34M
Debt Equivalent Oper. Leases	608M	616M	544M	528M	536M
Equity Method Investments, Total	73M	80M	85M	92M	98M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	131M	65M	116M	81M	14M
Inventories - Finished Goods, Total	73M	102M	70M	105M	184M
Land - (BS)	46M	46M	46M	46M	46M
Buildings, Total	353M	359M	367M	374M	377M
Machinery, Total	980M	1.14B	1.18B	1.23B	1.32B
Full Time Employees	12K	12K	11.8K	11.7K	11.7K

Fiscal Period: April	2022	2023	2024	2025	2026
Net Income	937M	1.27B	986M	1.19B	1.28B
Depreciation & Amortization - CF	148M	180M	198M	196M	179M
Amortization of Goodwill and Intangible Assets - (CF)	13M	26M	23M	19M	10M
Depreciation & Amortization, Total	161M	206M	221M	215M	189M
Amortization of Deferred Charges, Total - (CF)	33M	42M	34M	28M	11M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Stock-Based Compensation (CF)	245M	312M	357M	386M	382M
Other Operating Activities, Total	-143M	-621M	85M	-59M	232M
Change In Accounts Receivable	-313M	260M	-33M	-219M	-36M
Change In Inventories	-90M	37M	-18M	-1M	-12M
Change In Accounts Payable	181M	-207M	123M	-8M	31M
Change in Unearned Revenues	384M	46M	-14M	208M	281M
Change In Income Taxes	-45M	-76M	-106M	-207M	-7M
Change in Other Net Operating Assets	-139M	-166M	50M	-23M	-280M
Cash from Operations	1.21B	1.11B	1.68B	1.51B	2.07B
Capital Expenditure	-226M	-239M	-155M	-168M	-198M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-380M	-491M	-	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	45M	-719M	-580M	245M	-412M
Other Investing Activities, Total	-	59M	-	70M	15M
Cash from Investing	-561M	-1.39B	-735M	147M	-595M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	1.24B	-
Total Debt Issued	-	-	-	1.24B	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-250M	-	-400M	-750M
Total Debt Repaid	-	-250M	-	-400M	-750M
Issuance of Common Stock	105M	108M	100M	108M	103M
Repurchase of Common Stock	-674M	-934M	-1.03B	-1.35B	-1.09B
Common Dividends Paid	-446M	-432M	-416M	-424M	-413M
Common & Preferred Stock Dividends Paid	-446M	-432M	-416M	-424M	-413M
Other Financing Activities, Total	-2M	-5M	-1M	-3M	-
Cash from Financing	-1.02B	-1.51B	-1.34B	-828M	-2.15B
Foreign Exchange Rate Adjustments	-49M	-1M	-19M	15M	1M
Net Change in Cash	-416M	-1.8B	-413M	840M	-674M
Supplemental Items
Cash Interest Paid	67M	65M	59M	53M	109M
Cash Income Tax Paid (Refund)	398M	386M	357M	412M	435M
Levered Free Cash Flow	764M	970M	1.42B	1.16B	1.3B
Unlevered Free Cash Flow	810M	1.01B	1.46B	1.2B	1.36B
Change In Net Working Capital	155M	34M	-210M	153M	80M
Net Debt Issued / Repaid	-	-250M	-	840M	-750M

Fiscal Period: April	2022	2023	2024	2025	2026
Profitability
Return on Assets	7.76	7.3	8.04	8.6	9.82
Return on Total Capital	20.84	19.01	20.74	21.39	24.59
Return On Equity %	123.05	127.59	85.55	108.51	106.73
Return on Common Equity	123.05	127.59	85.55	108.51	106.73
Margin Analysis
Gross Profit Margin %	66.79	66.16	70.72	70.19	70.74
SG&A Margin	33.81	32.91	34.08	33.11	31.96
EBITDA Margin %	21.59	21.46	23.76	24.95	27.21
EBITA Margin %	19.25	18.63	20.6	21.97	24.62
EBIT Margin %	19.04	18.22	20.23	21.68	24.48
Income From Continuing Operations Margin %	14.83	20.03	15.73	18.05	18.43
Net Income Margin %	14.83	20.03	15.73	18.05	18.43
Net Avail. For Common Margin %	14.83	20.03	15.73	18.05	18.43
Normalized Net Income Margin	11.29	11.54	13.13	13.99	15.06
Levered Free Cash Flow Margin	12.1	15.24	22.65	17.63	18.7
Unlevered Free Cash Flow Margin	12.82	15.9	23.28	18.24	19.69
Asset Turnover
Asset Turnover	0.65	0.64	0.64	0.63	0.64
Fixed Assets Turnover	8.23	6.96	7.03	7.94	8.53
Receivables Turnover (Average Receivables)	5.81	5.74	6.29	5.83	5.47
Inventory Turnover (Average Inventory)	13.19	11.61	10.4	10.53	10.55
Short Term Liquidity
Current Ratio	1.5	1.35	1.19	1.26	1.44
Quick Ratio	1.36	1.17	1.04	1.09	1.21
Operating Cash Flow to Current Liabilities	0.31	0.32	0.41	0.32	0.51
Days Sales Outstanding (Average Receivables)	62.65	63.42	57.9	62.39	66.54
Days Outstanding Inventory (Average Inventory)	27.59	31.36	35.01	34.56	34.5
Average Days Payable Outstanding	85.43	85.93	89.23	95.51	94.75
Cash Conversion Cycle (Average Days)	4.81	8.86	3.68	1.45	6.29
Long Term Solvency
Total Debt/Equity	350.84	231.58	231.41	335.67	202.29
Total Debt / Total Capital	77.82	69.84	69.83	77.05	66.92
LT Debt/Equity	315.39	227.52	193.02	259.71	199.19
Long-Term Debt / Total Capital	69.96	68.62	58.24	59.61	65.89
Total Liabilities / Total Assets	91.64	88.2	88.41	90.39	87.43
EBIT / Interest Expense	16.48	17.3	19.81	22.27	15.55
EBITDA / Interest Expense	19.73	21.52	24.33	26.66	17.9
(EBITDA - Capex) / Interest Expense	16.63	17.96	21.91	24.03	16.08
Total Debt / EBITDA	2.04	1.86	1.7	2.05	1.4
Net Debt / EBITDA	-0.83	-0.27	-0.39	-0.21	-0.44
Total Debt / (EBITDA - Capex)	2.42	2.23	1.89	2.27	1.56
Net Debt / (EBITDA - Capex)	-0.99	-0.33	-0.43	-0.24	-0.49
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.99	0.7	-1.48	4.85	5.37
Gross Profit, 1 Yr. Growth %	10.62	-0.26	5.32	4.06	6.2
EBITDA, 1 Yr. Growth %	23.55	0.07	9.08	10.14	14.88
EBITA, 1 Yr. Growth %	28.54	-2.55	8.95	11.85	18.07
EBIT, 1 Yr. Growth %	28.25	-3.66	9.4	12.38	18.95
Earnings From Cont. Operations, 1 Yr. Growth %	28.36	35.97	-22.61	20.28	7.59
Net Income, 1 Yr. Growth %	28.36	35.97	-22.61	20.28	7.59
Normalized Net Income, 1 Yr. Growth %	30.1	2.98	12.09	11.69	13.46
Diluted EPS Before Extra, 1 Yr. Growth %	26.63	41.56	-20.03	22.46	11.99
Accounts Receivable, 1 Yr. Growth %	30.16	-19.76	2.03	23.73	3.21
Inventory, 1 Yr. Growth %	78.95	-18.14	11.38	0	6.45
Net Property, Plant and Equip., 1 Yr. Growth %	40.22	3.91	-8.59	-5.52	1.99
Total Assets, 1 Yr. Growth %	7.12	-2.07	0.7	9.47	-0.73
Tangible Book Value, 1 Yr. Growth %	13.4	7.94	-2.47	-0.63	-16.4
Common Equity, 1 Yr. Growth %	22.34	38.31	-1.12	-9.25	29.9
Cash From Operations, 1 Yr. Growth %	-9.15	-8.59	52.21	-10.62	37.25
Capital Expenditures, 1 Yr. Growth %	39.51	5.75	-35.15	8.39	17.86
Levered Free Cash Flow, 1 Yr. Growth %	-32.43	26.86	46.42	-18.38	12.47
Unlevered Free Cash Flow, 1 Yr. Growth %	-31.21	24.88	44.31	-17.87	14.41
Dividend Per Share, 1 Yr. Growth %	4.17	0	0	4	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.05	5.24	-0.4	1.64	5.11
Gross Profit, 2 Yr. CAGR %	7.92	5.04	2.49	4.69	5.12
EBITDA, 2 Yr. CAGR %	12.28	11.45	4.48	9.61	12.48
EBITA, 2 Yr. CAGR %	14.47	12.22	3.04	10.39	14.92
EBIT, 2 Yr. CAGR %	13.86	11.46	2.67	10.88	15.62
Earnings From Cont. Operations, 2 Yr. CAGR %	6.96	32.11	2.58	-3.52	13.76
Net Income, 2 Yr. CAGR %	6.96	32.11	2.58	-3.52	13.76
Normalized Net Income, 2 Yr. CAGR %	11.79	16.08	7.44	11.89	12.57
Diluted EPS Before Extra, 2 Yr. CAGR %	7.79	33.89	6.4	-1.04	17.11
Accounts Receivable, 2 Yr. CAGR %	12.43	2.2	-9.52	12.36	13.01
Inventory, 2 Yr. CAGR %	18.61	21.03	-4.51	5.54	3.18
Net Property, Plant and Equip., 2 Yr. CAGR %	1.84	20.7	-2.54	-7.07	-1.84
Total Assets, 2 Yr. CAGR %	15.45	2.42	-0.7	4.99	4.24
Tangible Book Value, 2 Yr. CAGR %	2.19	10.64	2.6	-1.56	-8.86
Common Equity, 2 Yr. CAGR %	86.09	30.08	16.94	-5.27	8.58
Cash From Operations, 2 Yr. CAGR %	6.89	-8.87	17.96	16.64	10.76
Capital Expenditures, 2 Yr. CAGR %	35	21.46	-17.18	-16.16	13.02
Levered Free Cash Flow, 2 Yr. CAGR %	-8.44	-7.29	36.29	9.32	-4.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	-7.47	-7.19	34.24	8.86	-3.35
Dividend Per Share, 2 Yr. CAGR %	2.06	2.06	0	1.98	1.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.92	5.54	2.95	1.32	2.87
Gross Profit, 3 Yr. CAGR %	2.27	5.12	5.13	3.01	5.19
EBITDA, 3 Yr. CAGR %	0.49	8.05	10.65	6.34	11.34
EBITA, 3 Yr. CAGR %	0.64	8.49	11.12	5.9	12.89
EBIT, 3 Yr. CAGR %	0.56	7.69	10.77	5.81	13.51
Earnings From Cont. Operations, 3 Yr. CAGR %	-7.11	15.87	10.54	8.17	0.05
Net Income, 3 Yr. CAGR %	-7.11	15.87	10.54	8.17	0.05
Normalized Net Income, 3 Yr. CAGR %	-2.47	8.77	14.73	8.84	12.41
Diluted EPS Before Extra, 3 Yr. CAGR %	-3.21	18.04	12.75	11.5	3.13
Accounts Receivable, 3 Yr. CAGR %	0.38	0.48	2.14	0.43	9.22
Inventory, 3 Yr. CAGR %	15.91	4.82	17.73	-3.03	5.84
Net Property, Plant and Equip., 3 Yr. CAGR %	5.69	2.52	10.02	-3.55	-4.14
Total Assets, 3 Yr. CAGR %	4.68	9.29	1.84	2.58	3.05
Tangible Book Value, 3 Yr. CAGR %	33.6	4.07	6.08	1.51	-6.77
Common Equity, 3 Yr. CAGR %	-8.39	68.56	18.71	7.46	5.24
Cash From Operations, 3 Yr. CAGR %	-3.34	1.46	8.12	7.54	23.14
Capital Expenditures, 3 Yr. CAGR %	9.32	24.45	-1.46	-9.41	-6.08
Levered Free Cash Flow, 3 Yr. CAGR %	-1.8	2.07	7.97	14.88	10.14
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.34	2.25	7.52	13.96	10.47
Dividend Per Share, 3 Yr. CAGR %	7.72	1.37	1.37	1.32	1.32
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.85	1.45	0.39	3.96	3.81
Gross Profit, 5 Yr. CAGR %	4.64	2.56	2.36	4.95	5.13
EBITDA, 5 Yr. CAGR %	9.66	4.37	2.07	8.67	11.38
EBITA, 5 Yr. CAGR %	12.26	4.37	1.59	9.25	12.62
EBIT, 5 Yr. CAGR %	12.66	4.28	1.4	8.96	12.68
Earnings From Cont. Operations, 5 Yr. CAGR %	14.27	61.49	-3.35	7.69	11.82
Net Income, 5 Yr. CAGR %	14.27	61.49	-3.35	7.69	11.82
Normalized Net Income, 5 Yr. CAGR %	11.47	3.67	1.38	10.01	13.86
Diluted EPS Before Extra, 5 Yr. CAGR %	19.05	69	0.53	10	14.48
Accounts Receivable, 5 Yr. CAGR %	10.97	-1.17	-3.7	5.07	6.36
Inventory, 5 Yr. CAGR %	4.59	6.48	7.26	5.11	11.67
Net Property, Plant and Equip., 5 Yr. CAGR %	2.32	4.25	2.31	-1.43	5.11
Total Assets, 5 Yr. CAGR %	1.1	-0.35	2.49	7.55	2.8
Tangible Book Value, 5 Yr. CAGR %	11.32	32.08	20.21	1.78	-0.17
Common Equity, 5 Yr. CAGR %	-21.32	-12.63	1.01	33.86	14.55
Cash From Operations, 5 Yr. CAGR %	4.2	-5.62	4.67	7.28	9.17
Capital Expenditures, 5 Yr. CAGR %	5.25	10.51	-2.17	6.26	4.1
Levered Free Cash Flow, 5 Yr. CAGR %	11.33	1.94	11.95	4.91	2.81
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.06	1.92	11.59	4.85	3.03
Dividend Per Share, 5 Yr. CAGR %	21.35	20.11	4.56	1.61	1.61