NetApp, Inc. (NTAP) Financial Statements (2023 and Earlier)

Company Profile

Business Address 3060 OLSEN DRIVE
SAN JOSE, CA 95128
State of Incorp. CA
Fiscal Year End April 30
Industry (SIC) 3572 - Computer Storage Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2014,5962,8823,8995,3914,9215,303
Cash and cash equivalents4,1704,5292,6582,3252,9412,4442,868
Short-term investments31672241,5742,4502,4772,435
Receivables7999459731,2161,009731813
Inventory, net of allowances, customer advances and progress billings16711414513112616398
Inventory16711414513112616398
Other current assets346346274364330383234
Total current assets:5,5136,0014,2745,6106,8566,1986,448
Noncurrent Assets
Property, plant and equipment575525727759756799937
Intangible assets, net (including goodwill)2,4802,1401,8221,7821,8331,8151,856
Goodwill2,3302,0391,7781,7351,7391,6841,676
Intangible assets, net (excluding goodwill)150101444794131180
Other noncurrent assets932694699590420681796
Total noncurrent assets:3,9873,3593,2483,1313,0093,2953,589
TOTAL ASSETS:9,5009,3607,5228,7419,8659,49310,037
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2391,3901,2001,3931,4341,1291,019
Accounts payable432420426542609347254
Accrued liabilities807970774851825782765
Deferred revenue2,0632,0621,894
Debt250 5226493851,249849
Deferred revenue and credits1,8041,7441,794
Contract with customer, liability1,825
Total current liabilities:3,5523,4523,6163,8673,6234,1223,662
Noncurrent Liabilities
Long-term debt and lease obligation2,3852,6321,1461,1441,5417441,490
Long-term debt, excluding current maturities2,3852,6321,1461,1441,5417441,490
Liabilities, other than long-term debt2,6812,5912,5182,6402,6341,8472,004
Deferred revenue and credits1,6731,5981,591
Deferred revenue1,9061,9411,804
Contract with customer, liability1,843
Other liabilities775650714797961249413
Total noncurrent liabilities:5,0665,2233,6643,7844,1752,5913,494
Total liabilities:8,6188,6757,2807,6517,7986,7137,156
Stockholders' equity
Stockholders' equity attributable to parent, including:8826852421,0902,0672,7802,881
Accumulated other comprehensive loss(41)(30)(42)(43)(70)(29)(31)
Retained earnings (accumulated deficit)214211  (218)40 
Other undisclosed stockholders' equity attributable to parent7095042841,1332,3552,7692,912
Total stockholders' equity:8826852421,0902,0672,7802,881
TOTAL LIABILITIES AND EQUITY:9,5009,3607,5228,7419,8659,49310,037

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues6,1935,7445,4126,1465,9115,5195,546
Revenue, net5,9115,5195,546
Cost of revenue(2,027)(1,929)(1,789)(2,201)(2,212)(2,129)(2,173)
Cost of goods and services sold(2,027)(1,929)(1,789)(2,201)(1,738)(1,614)(1,558)
Gross profit:4,1663,8153,6233,9453,6993,3903,373
Operating expenses(2,847)(2,784)(2,678)(2,724)(2,574)(2,725)(3,025)
Operating income:1,3191,0319451,2211,125665348
Nonoperating income (expense)(60)(69)(1)474152(3)
Investment income, nonoperating794888794446
Other nonoperating income (expense)7(4)617248 
Interest and debt expense(74)(74)(55)(58)(62)(52)(49)
Income from continuing operations before equity method investments, income taxes:1,1858888891,2101,104665296
Other undisclosed income from continuing operations before income taxes7474555862 49
Income from continuing operations before income taxes:1,2599629441,2681,166665345
Income tax expense(247)(232)(125)(99)(1,090)(156)(116)
Net income available to common stockholders, diluted:1,0127308191,16976509229

Comprehensive Income ($ in millions)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income:1,0127308191,16976509229
Other comprehensive income (loss) (3)2(3) 2(7)
Other undisclosed comprehensive loss(3)      
Comprehensive income:1,0097278211,16676511222
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)15(1)30(41)  
Comprehensive income, net of tax, attributable to parent:1,0057428201,19635511222

Statements Sources

The financial statements are based on the Company's filings with 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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