← NetApp, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $509.0m | $76.0m | $1.2b | $819.0m | $730.0m | $937.0m | $1.3b | $986.0m | $1.2b | $1.3b | |
| Depreciation, Depletion and Amortization | $178.0m | $145.0m | $150.0m | $154.0m | $158.0m | $148.0m | $181.0m | $198.0m | $196.0m | $179.0m | |
| Amortization of Intangible Assets | $48.0m | $53.0m | $46.0m | $39.0m | $49.0m | $46.0m | $68.0m | $57.0m | $47.0m | $21.0m | |
| Deferred Income Tax Expense (Benefit) | $90.0m | $277.0m | ($3.0m) | ($17.0m) | ($6.0m) | ($144.0m) | ($606.0m) | $53.0m | ($100.0m) | $135.0m | |
| Share-based Payment Arrangement, Noncash Expense | $195.0m | $161.0m | $158.0m | $153.0m | $197.0m | $245.0m | $312.0m | $357.0m | $386.0m | $382.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $75.0m | $96.0m | $79.0m | $42.0m | $74.0m | $84.0m | $127.0m | $199.0m | $137.0m | |
| Share-based Payment Arrangement, Expense | $195.0m | $161.0m | $158.0m | $153.0m | $197.0m | $245.0m | $312.0m | $357.0m | $386.0m | $382.0m | |
| Income Tax Expense (Benefit) | $156.0m | $1.1b | $99.0m | $125.0m | $232.0m | $158.0m | ($208.0m) | $277.0m | $197.0m | $372.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $64.0m | $109.0m | |
| Other Nonoperating Income (Expense) | $8.0m | $24.0m | $17.0m | $6.0m | ($4.0m) | ($4.0m) | $46.0m | $1.0m | ($2.0m) | ($30.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($81.0m) | $272.0m | $185.0m | ($238.0m) | ($62.0m) | $313.0m | ($260.0m) | $33.0m | $219.0m | $36.0m | |
| Increase (Decrease) in Inventories | $65.0m | ($37.0m) | $9.0m | $14.0m | ($31.0m) | $90.0m | ($37.0m) | $18.0m | $1.0m | $12.0m | |
| Proceeds from Stock Options Exercised | $60.0m | $88.0m | $25.0m | $4.0m | $8.0m | $1.0m | $1.0m | $2.0m | — | — | |
| Purchases of property and equipment, accrued but unpaid | $175.0m | $145.0m | $173.0m | $124.0m | $162.0m | $226.0m | $239.0m | $155.0m | $168.0m | $198.0m | |
| General and Administrative Expense | $271.0m | $280.0m | $278.0m | $263.0m | $257.0m | $279.0m | $265.0m | $308.0m | $311.0m | $344.0m | |
| Goodwill | $1.7b | $1.7b | $1.7b | $1.8b | $2.0b | $2.3b | $2.8b | $2.8b | $2.7b | $2.8b | |
| Investment Income, Interest | $44.0m | $79.0m | $88.0m | $48.0m | $9.0m | $7.0m | $69.0m | $112.0m | $112.0m | $113.0m | |
| Nonoperating Income (Expense) | $0 | $41.0m | $47.0m | ($1.0m) | ($69.0m) | ($62.0m) | $48.0m | $49.0m | $46.0m | ($26.0m) | |
| Operating Expenses | $2.7b | $2.6b | $2.7b | $2.7b | $2.8b | $3.1b | $3.2b | $3.2b | $3.3b | $3.2b | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | — | ($26.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $986.0m | $1.5b | $1.3b | $1.1b | $1.3b | $1.2b | $1.1b | $1.7b | $1.5b | $2.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $175.0m | $145.0m | $173.0m | $124.0m | $162.0m | $226.0m | $239.0m | $155.0m | $168.0m | $198.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $8.0m | $75.0m | $3.0m | $73.0m | $350.0m | $380.0m | $491.0m | $0 | $0 | — | |
| Payments to Acquire Investments | — | — | — | $13.0m | $5.0m | $18.0m | $1.3b | $2.6b | $1.8b | $2.8b | |
| Payments for (Proceeds from) Other Investing Activities | ($6.0m) | $1.0m | ($4.0m) | $0 | ($2.0m) | $0 | ($59.0m) | $0 | ($70.0m) | ($15.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($220.0m) | ($21.0m) | $704.0m | $1.3b | $21.0m | ($561.0m) | ($1.4b) | ($735.0m) | $147.0m | ($595.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $795.0m | $0 | — | — | — | — | — | — | — | |
| Repayments of Long-term Debt | — | $750.0m | $0 | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $705.0m | $794.0m | $2.1b | $1.4b | $125.0m | $600.0m | $850.0m | $900.0m | $1.1b | $950.0m | |
| Dividends paid | $208.0m | $214.0m | $403.0m | $439.0m | $427.0m | $446.0m | $432.0m | $416.0m | $424.0m | $413.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($1.2b) | ($986.0m) | ($2.6b) | ($2.0b) | $444.0m | ($1.0b) | ($1.5b) | ($1.3b) | ($828.0m) | ($2.1b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($11.0m) | $26.0m | ($30.0m) | ($34.0m) | $71.0m | ($49.0m) | ($1.0m) | ($19.0m) | $15.0m | $1.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($11.0m) | $26.0m | ($616.0m) | $335.0m | $1.9b | ($416.0m) | ($1.8b) | ($413.0m) | $840.0m | ($674.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($11.0m) | $26.0m | $2.3b | $2.7b | $4.5b | $4.1b | $2.3b | $1.9b | $2.7b | $2.1b | |
| Cash, Cash Equivalents, and Short-term Investments | $4.9b | $5.4b | $3.9b | $2.9b | $4.6b | $4.1b | $3.1b | $3.3b | $3.8b | $3.6b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $58.0m | $53.0m | $50.0m | $57.0m | $67.0m | $65.0m | $59.0m | $53.0m | $109.0m | |
| Income Taxes Paid, Net | $102.0m | $87.0m | $205.0m | $276.0m | $338.0m | $398.0m | $386.0m | $357.0m | $412.0m | $435.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.