◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

NETAPP, INC. CIK: 1002047 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-22-017904
Period End Date 20220731
Filing Date 20220830
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance ntap-20220729_htm.xml
Balance Sheet 60 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 220.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 218.00M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 218.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.11B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 220.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.29B USD Point-in-time
Short-term investments ShortTermInvestments $151.00M USD Point-in-time
Short-term investments ShortTermInvestments $22.00M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $865.00M USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $1.23B USD Point-in-time
Inventories InventoryNet $232.00M USD Point-in-time
Inventories InventoryNet $204.00M USD Point-in-time
Other current assets OtherAssetsCurrent $386.00M USD Point-in-time
Other current assets OtherAssetsCurrent $377.00M USD Point-in-time
Total current assets AssetsCurrent $5.95B USD Point-in-time
Total current assets AssetsCurrent $4.92B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $602.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $622.00M USD Point-in-time
Goodwill Goodwill $2.35B USD Point-in-time
Goodwill Goodwill $2.77B USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $232.00M USD Point-in-time
Other intangible assets, net FiniteLivedIntangibleAssetsNet $142.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $1.00B USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $991.00M USD Point-in-time
Total assets Assets $10.03B USD Point-in-time
Total assets Assets $9.54B USD Point-in-time
Accounts payable AccountsPayableCurrent $515.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $607.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $925.00M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $722.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $250.00M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $250.00M USD Point-in-time
Short-term deferred revenue and financed unearned services revenue ContractWithCustomerLiabilityCurrent $2.09B USD Point-in-time
Short-term deferred revenue and financed unearned services revenue ContractWithCustomerLiabilityCurrent $2.17B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.58B USD Point-in-time
Total current liabilities LiabilitiesCurrent $3.95B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.39B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.39B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $788.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $843.00M USD Point-in-time
Long-term deferred revenue and financed unearned services revenue ContractWithCustomerLiabilityNoncurrent $2.06B USD Point-in-time
Long-term deferred revenue and financed unearned services revenue ContractWithCustomerLiabilityNoncurrent $2.08B USD Point-in-time
Total liabilities Liabilities $8.89B USD Point-in-time
Total liabilities Liabilities $9.19B USD Point-in-time
Commitments and contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 15) CommitmentsAndContingencies - USD Point-in-time
Common stock and additional paid-in capital, $0.001 par value; 223 and 220 shares issued and outstanding as of July 29, 2022 and April 29, 2022, respectively CommonStocksIncludingAdditionalPaidInCapital $705.00M USD Point-in-time
Common stock and additional paid-in capital, $0.001 par value; 223 and 220 shares issued and outstanding as of July 29, 2022 and April 29, 2022, respectively CommonStocksIncludingAdditionalPaidInCapital $760.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $122.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit - USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-44.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-48.00M USD Point-in-time
Total stockholders' equity StockholdersEquity $657.00M USD Point-in-time
Total stockholders' equity StockholdersEquity $685.00M USD Point-in-time
Total stockholders' equity StockholdersEquity $838.00M USD Point-in-time
Total stockholders' equity StockholdersEquity $720.00M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $10.03B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $9.54B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Net revenues RevenueFromContractWithCustomerExcludingAssessedTax $1.59B USD 1 Quarter
Net revenues RevenueFromContractWithCustomerExcludingAssessedTax $1.46B USD 1 Quarter
Total cost of revenues CostOfGoodsAndServicesSold $459.00M USD 1 Quarter
Total cost of revenues CostOfGoodsAndServicesSold $546.00M USD 1 Quarter
Gross profit GrossProfit $1.05B USD 1 Quarter
Gross profit GrossProfit $999.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $458.00M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $451.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $210.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $240.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $66.00M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $72.00M USD 1 Quarter
Restructuring charges RestructuringCharges $22.00M USD 1 Quarter
Restructuring charges RestructuringCharges $11.00M USD 1 Quarter
Acquisition-related expense BusinessCombinationAcquisitionRelatedCosts $10.00M USD 1 Quarter
Acquisition-related expense BusinessCombinationAcquisitionRelatedCosts $1.00M USD 1 Quarter
Total operating expenses OperatingExpenses $750.00M USD 1 Quarter
Total operating expenses OperatingExpenses $791.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $255.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $249.00M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $-12.00M USD 1 Quarter
Other expense, net NonoperatingIncomeExpense $15.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $237.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $270.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $56.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $35.00M USD 1 Quarter
Net income NetIncomeLoss $214.00M USD 1 Quarter
Net income NetIncomeLoss $202.00M USD 1 Quarter
Basic EarningsPerShareBasic $0.97 USD 1 Quarter
Basic EarningsPerShareBasic $0.91 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.96 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.88 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 220.00M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 223.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 229.00M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 224.00M shares 1 Quarter
Cash Flow Statement 67 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $214.00M USD 1 Quarter
Net income NetIncomeLoss $202.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $46.00M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $58.00M USD 1 Quarter
Non-cash operating lease cost NonCashOperatingLeaseCost $13.00M USD 1 Quarter
Non-cash operating lease cost NonCashOperatingLeaseCost $14.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $67.00M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $53.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-15.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-15.00M USD 1 Quarter
Other items, net OtherOperatingActivitiesCashFlowStatement $-66.00M USD 1 Quarter
Other items, net OtherOperatingActivitiesCashFlowStatement $4.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-364.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-287.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $28.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-6.00M USD 1 Quarter
Other operating assets IncreaseDecreaseInOtherOperatingAssets $-1.00M USD 1 Quarter
Other operating assets IncreaseDecreaseInOtherOperatingAssets $-29.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-90.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-51.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-242.00M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-208.00M USD 1 Quarter
Deferred revenue and financed unearned services revenue IncreaseDecreaseInContractWithCustomerLiability $-32.00M USD 1 Quarter
Deferred revenue and financed unearned services revenue IncreaseDecreaseInContractWithCustomerLiability $-82.00M USD 1 Quarter
Long-term taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-8.00M USD 1 Quarter
Long-term taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $1.00M USD 1 Quarter
Other operating liabilities IncreaseDecreaseInOtherOperatingLiabilities - USD 1 Quarter
Other operating liabilities IncreaseDecreaseInOtherOperatingLiabilities $1.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $281.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $242.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $133.00M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $5.00M USD 1 Quarter
Maturities, sales and collections of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $2.00M USD 1 Quarter
Maturities, sales and collections of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $16.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $51.00M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $65.00M USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $491.00M USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $14.00M USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $-59.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-628.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-54.00M USD 1 Quarter
Proceeds from issuance of common stock under employee stock award plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $53.00M USD 1 Quarter
Proceeds from issuance of common stock under employee stock award plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $54.00M USD 1 Quarter
Payments for taxes related to net share settlement of stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $52.00M USD 1 Quarter
Payments for taxes related to net share settlement of stock awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $57.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $350.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $100.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $14.20B USD 77 Qtrs
Dividends paid PaymentsOfDividends $110.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $112.00M USD 1 Quarter
Other financing activities, net ProceedsFromRepaymentsOfOtherLongTermDebt $-2.00M USD 1 Quarter
Other financing activities, net ProceedsFromRepaymentsOfOtherLongTermDebt $-1.00M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-459.00M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-218.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-18.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-5.00M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-35.00M USD 1 Quarter
Net change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-824.00M USD 1 Quarter
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.12B USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.50B USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.54B USD Point-in-time
Beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.29B USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.12B USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.50B USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.54B USD Point-in-time
End of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.29B USD Point-in-time
Stockholders Equity 28 line items
Line Item Tag Value Unit Period
Cash dividends declared, per common share CommonStockDividendsPerShareDeclared $0.50 USD 1 Quarter
Cash dividends declared, per common share CommonStockDividendsPerShareDeclared $0.50 USD 1 Quarter
Balances StockholdersEquity $657.00M USD Point-in-time
Balances StockholdersEquity $685.00M USD Point-in-time
Balances StockholdersEquity $838.00M USD Point-in-time
Balances StockholdersEquity $720.00M USD Point-in-time
Balances (in shares) CommonStockSharesOutstanding 218.00M shares Point-in-time
Balances (in shares) CommonStockSharesOutstanding 220.00M shares Point-in-time
Net income NetIncomeLoss $214.00M USD 1 Quarter
Net income NetIncomeLoss $202.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-4.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-4.00M USD 1 Quarter
Issuance of common stock under employee stock award plans, net of taxes StockIssuedDuringPeriodValueShareBasedCompensation $2.00M USD 1 Quarter
Issuance of common stock under employee stock award plans, net of taxes StockIssuedDuringPeriodValueShareBasedCompensation $-4.00M USD 1 Quarter
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue $350.00M USD 1 Quarter
Repurchase of common stock StockRepurchasedAndRetiredDuringPeriodValue $100.00M USD 1 Quarter
Repurchase of common stock, shares StockRepurchasedAndRetiredDuringPeriodShares 5.00M shares 1 Quarter
Repurchase of common stock, shares StockRepurchasedAndRetiredDuringPeriodShares 352.00M shares 77 Qtrs
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $53.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $67.00M USD 1 Quarter
Cash dividends declared ($0.50 per common share) DividendsCommonStockCash $112.00M USD 1 Quarter
Cash dividends declared ($0.50 per common share) DividendsCommonStockCash $110.00M USD 1 Quarter
Balances StockholdersEquity $657.00M USD Point-in-time
Balances StockholdersEquity $685.00M USD Point-in-time
Balances StockholdersEquity $838.00M USD Point-in-time
Balances StockholdersEquity $720.00M USD Point-in-time
Balances (in shares) CommonStockSharesOutstanding 218.00M shares Point-in-time
Balances (in shares) CommonStockSharesOutstanding 220.00M shares Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $214.00M USD 1 Quarter
Net income NetIncomeLoss $202.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-4.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-3.00M USD 1 Quarter
Unrealized holding gains (losses) arising during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax - USD 1 Quarter
Unrealized holding gains (losses) arising during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax $-1.00M USD 1 Quarter
Unrealized holding gains (losses) arising during the period OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax - USD 1 Quarter
Unrealized holding gains (losses) arising during the period OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax $1.00M USD 1 Quarter
Reclassification adjustments for gains included in net income OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax $1.00M USD 1 Quarter
Reclassification adjustments for gains included in net income OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax - USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-4.00M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-4.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $210.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $198.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...