NetApp, Inc. (NTAP) financial statements (2021 and earlier)

Company profile

Business Address 1395 CROSSMAN AVENUE
SUNNYVALE, CA 94089
State of Incorp. CA
Fiscal Year End April 30
SIC 3572 - Computer Storage Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8942,8823,8995,3914,9215,3035,326
Cash and cash equivalents3,8082,6582,3252,9412,4442,8681,922
Short-term investments862241,5742,4502,4772,4353,405
Receivables7999731,2161,009731813779
Inventory, net of allowances, customer advances and progress billings10614513112616398147
Inventory10614513112616398147
Deferred tax assets    252
Other current assets315274364330383234522
Other undisclosed current assets      (252)
Total current assets:5,1144,2745,6106,8566,1986,4486,773
Noncurrent Assets
Property, plant and equipment7317277597567999371,030
Intangible assets, net (including goodwill)2,1491,8221,7821,8331,8151,8561,117
Goodwill2,0391,7781,7351,7391,6841,6761,027
Intangible assets, net (excluding goodwill)11044479413118090
Deferred costs      32
Other noncurrent assets692699590420681796481
Deferred tax assets, net    256
Other undisclosed noncurrent assets      (288)
Total noncurrent assets:3,5723,2483,1313,0093,2953,5892,628
TOTAL ASSETS:8,6867,5228,7419,8659,49310,0379,401
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0971,2001,3931,4341,1291,0191,344
Accounts payable336426542609347254283
Accrued liabilities761774851825782765701
Employee-related liabilities      359
Deferred revenue1,9531,894
Debt 5226493851,24984910
Deferred compensation liability      3
Deferred revenue and credits1,8041,7441,7941,724
Contract with customer, liability1,825
Other undisclosed current liabilities      (371)
Total current liabilities:3,0503,6163,8673,6234,1223,6622,709
Noncurrent Liabilities
Long-term debt and lease obligation2,6321,1461,1441,5417441,4901,488
Long-term debt, excluding current maturities2,6321,1461,1441,5417441,4901,488
Liabilities, other than long-term debt2,5262,5182,6402,6341,8472,0042,102
Deferred revenue and credits1,6731,5981,5911,473
Accounts payable and accrued liabilities      28
Deferred revenue1,8751,804
Contract with customer, liability1,843
Deferred compensation liability, classified      29
Liability for uncertainty in income taxes      214
Liability, pension and other postretirement and postemployment benefits      41
Other liabilities651714797961249413318
Other undisclosed noncurrent liabilities      (311)
Total noncurrent liabilities:5,1583,6643,7844,1752,5913,4943,278
Total liabilities:8,2087,2807,6517,7986,7137,1565,987
Stockholders' equity
Stockholders' equity attributable to parent, including:4782421,0902,0672,7802,8813,414
Common stock      0
Additional paid in capital      3,384
Accumulated other comprehensive loss(34)(42)(43)(70)(29)(31)(24)
Retained earnings (accumulated deficit)56  (218)40 53
Other undisclosed stockholders' equity attributable to parent4562841,1332,3552,7692,912 
Total stockholders' equity:4782421,0902,0672,7802,8813,414
TOTAL LIABILITIES AND EQUITY:8,6867,5228,7419,8659,49310,0379,401

Income statement (P&L) ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Revenues5,5905,4126,1465,9115,5195,5466,123
Revenue, net5,9115,5195,5466,123
Cost of revenue(1,869)(1,789)(2,201)(2,212)(2,129)(2,173)(2,290)
Cost of goods and services sold(1,869)(1,789)(2,201)(1,738)(1,614)(1,558)(1,657)
Gross profit:3,7213,6233,9453,6993,3903,3733,833
Operating expenses(2,868)(2,678)(2,724)(2,574)(2,725)(3,025)(3,117)
Operating income:8539451,2211,125665348717
Nonoperating income (expense)(77)(1)474152(3)(4)
Investment income, nonoperating14488879444637
Other nonoperating income (expense)(22)617248 2
Interest and debt expense(69)(55)(58)(62)(52)(49)(42)
Income from continuing operations before equity method investments, income taxes:7078891,2101,104665296671
Other undisclosed income from continuing operations before income taxes69555862 4942
Income from continuing operations before income taxes:7769441,2681,166665345713
Income tax expense(184)(125)(99)(1,090)(156)(116)(153)
Net income available to common stockholders, diluted:5928191,16976509229560

Comprehensive Income ($ in millions)

1/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
Net income:5928191,16976509229560
Other comprehensive income (loss)32(3) 2(7)(33)
Comprehensive income:5958211,16676511222527
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(1)30(41)   
Comprehensive income, net of tax, attributable to parent:5978201,19635511222527

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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