NetApp, Inc. (NTAP) financial statements (2020 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)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3,0083,8995,3914,9215,3035,3265,049
Cash and cash equivalents2,7052,3252,9412,4442,8681,9222,291
Short-term investments3031,5742,4502,4772,4353,4052,712
Other undisclosed cash, cash equivalents, and short-term investments      46
Receivables8211,2161,009731813779856
Inventory, net of allowances, customer advances and progress billings11313112616398147122
Inventory11313112616398147122
Deferred tax assets    252269
Other current assets276364330383234522490
Other undisclosed current assets     (252)(315)
Total current assets:4,2185,6106,8566,1986,4486,7736,471
Noncurrent Assets
Property, plant and equipment7407597567999371,0301,109
Long-term investments and receivables      36
Long-term investments      36
Intangible assets, net (including goodwill)1,8131,7821,8331,8151,8561,1171,110
Goodwill1,7701,7351,7391,6841,6761,027988
Intangible assets, net (excluding goodwill)43479413118090122
Deferred costs     32 
Other noncurrent assets712590420681796481530
Deferred tax assets, net    256245
Other undisclosed noncurrent assets     (288)(281)
Total noncurrent assets:3,2653,1313,0093,2953,5892,6282,748
TOTAL ASSETS:7,4838,7419,8659,49310,0379,4019,219
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0411,3931,4341,1291,0191,344655
Accounts payable381542609347254283247
Accrued liabilities660851825782765701 
Employee-related liabilities     359408
Deferred revenue1,795
Debt6936493851,249849107
Deferred compensation liability     36
Deferred revenue and credits1,8041,7441,7941,7241,654
Contract with customer, liability1,825
Other liabilities      386
Other undisclosed current liabilities     (371)(13)
Total current liabilities:3,5293,8673,6234,1223,6622,7092,695
Noncurrent Liabilities
Long-term debt and lease obligation1,1461,1441,5417441,4901,488996
Long-term debt, excluding current maturities1,1461,1441,5417441,4901,488996
Liabilities, other than long-term debt2,5262,6402,6341,8472,0042,1021,946
Deferred revenue and credits1,6731,5981,5911,4731,446
Pension and other postretirement defined benefit plans, liabilities27
Accounts payable and accrued liabilities     28 
Deferred revenue1,778
Contract with customer, liability1,843
Deferred compensation liability, classified     29 
Liability for uncertainty in income taxes     214176
Liability, pension and other postretirement and postemployment benefits     41
Other liabilities748797961249413318296
Other undisclosed noncurrent liabilities     (311)(203)
Total noncurrent liabilities:3,6723,7844,1752,5913,4943,2782,738
Total liabilities:7,2017,6517,7986,7137,1565,9875,433
Stockholders' equity
Stockholders' equity attributable to parent, including:2821,0902,0672,7802,8813,4143,787
Common stock     00
Additional paid in capital     3,3843,776
Accumulated other comprehensive income (loss)(39)(43)(70)(29)(31)(24)9
Retained earnings (accumulated deficit)  (218)40 531
Other undisclosed stockholders' equity attributable to parent3211,1332,3552,7692,912  
Total stockholders' equity:2821,0902,0672,7802,8813,4143,787
TOTAL LIABILITIES AND EQUITY:7,4838,7419,8659,49310,0379,4019,219

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

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues5,6036,1465,9115,5195,5466,1236,325
Revenue, net5,9115,5195,5466,1236,325
Cost of revenue(1,895)(2,201)(2,212)(2,129)(2,173)(2,290)(2,406)
Cost of goods and services sold(1,895)(2,201)(1,738)(1,614)(1,558)(1,657)(2,375)
Gross profit:3,7083,9453,6993,3903,3733,8333,919
Operating expenses(2,670)(2,724)(2,574)(2,725)(3,025)(3,117)(3,185)
Operating income:1,0381,2211,125665348717734
Nonoperating income (expense)40474152(3)(4)6
Investment income, nonoperating61887944463735
Other nonoperating income3417248 28
Interest and debt expense(55)(58)(62)(52)(49)(42)(36)
Income from continuing operations before equity method investments, income taxes:1,0231,2101,104665296671705
Other undisclosed income from continuing operations before income taxes555862 494236
Income from continuing operations before income taxes:1,0781,2681,166665345713741
Income tax expense(59)(99)(1,090)(156)(116)(153)(103)
Net income available to common stockholders, diluted:1,0191,16976509229560638

Comprehensive Income ($ in millions)

1/31/2020
TTM
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net income:1,0191,16976509229560638
Other comprehensive income (loss)(3)(3) 2(7)(33)0
Comprehensive income:1,0161,16676511222527638
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3230(41)    
Comprehensive income, net of tax, attributable to parent:1,0481,19635511222527638

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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