10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-17-018158 |
| Period End Date | 20170731 |
| Filing Date | 20170829 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | ntap-20170728.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 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
|
269.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
270.00M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
270.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.87B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.95B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.29B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$2.44B | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
269.00M | shares | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$2.37B | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$2.48B | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$731.00M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNetCurrent
|
$518.00M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$143.00M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$163.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$383.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$316.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.20B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.30B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$799.00M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$799.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.70B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.68B | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$131.00M | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$124.00M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$681.00M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$677.00M | USD | Point-in-time |
| Total assets |
Assets
|
$9.49B | USD | Point-in-time |
| Total assets |
Assets
|
$9.60B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$289.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$347.00M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$782.00M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$653.00M | USD | Point-in-time |
| Commercial paper notes |
CommercialPaper
|
$894.00M | USD | Point-in-time |
| Commercial paper notes |
CommercialPaper
|
$500.00M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$749.00M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$749.00M | USD | Point-in-time |
| Short-term deferred revenue and financed unearned services revenue |
DeferredRevenueAndCreditsCurrent
|
$1.74B | USD | Point-in-time |
| Short-term deferred revenue and financed unearned services revenue |
DeferredRevenueAndCreditsCurrent
|
$1.70B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.12B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$4.29B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$744.00M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$745.00M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$249.00M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$250.00M | USD | Point-in-time |
| Long-term deferred revenue and financed unearned services revenue |
DeferredRevenueAndCreditsNoncurrent
|
$1.55B | USD | Point-in-time |
| Long-term deferred revenue and financed unearned services revenue |
DeferredRevenueAndCreditsNoncurrent
|
$1.60B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.83B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.71B | USD | Point-in-time |
| Commitments and contingencies (Note 16) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 16) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock and additional paid-in capital, $0.001 par value; 270 and 269 shares issued and outstanding as of July 28, 2017 and April 28, 2017, respectively |
CommonStocksIncludingAdditionalPaidInCapital
|
$2.77B | USD | Point-in-time |
| Common stock and additional paid-in capital, $0.001 par value; 270 and 269 shares issued and outstanding as of July 28, 2017 and April 28, 2017, respectively |
CommonStocksIncludingAdditionalPaidInCapital
|
$2.77B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$40.00M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$10.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-13.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-29.00M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$2.78B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$2.77B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$9.49B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$9.60B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Product |
SalesRevenueGoodsNet
|
$723.00M | USD | 1 Quarter |
| Product |
SalesRevenueGoodsNet
|
$660.00M | USD | 1 Quarter |
| Software maintenance |
SoftwareMaintenanceRevenues
|
$241.00M | USD | 1 Quarter |
| Software maintenance |
SoftwareMaintenanceRevenues
|
$234.00M | USD | 1 Quarter |
| Hardware maintenance and other services |
HardwareMaintenanceAndOtherServicesRevenues
|
$393.00M | USD | 1 Quarter |
| Hardware maintenance and other services |
HardwareMaintenanceAndOtherServicesRevenues
|
$368.00M | USD | 1 Quarter |
| Net revenues |
SalesRevenueNet
|
$1.29B | USD | 1 Quarter |
| Net revenues |
SalesRevenueNet
|
$1.32B | USD | 1 Quarter |
| Cost of product |
CostOfGoodsSold
|
$359.00M | USD | 1 Quarter |
| Cost of product |
CostOfGoodsSold
|
$371.00M | USD | 1 Quarter |
| Cost of software maintenance |
CostOfSoftwareMaintenance
|
$8.00M | USD | 1 Quarter |
| Cost of software maintenance |
CostOfSoftwareMaintenance
|
$7.00M | USD | 1 Quarter |
| Cost of hardware maintenance and other services |
CostOfHardwareMaintenanceAndOtherServices
|
$113.00M | USD | 1 Quarter |
| Cost of hardware maintenance and other services |
CostOfHardwareMaintenanceAndOtherServices
|
$130.00M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRevenue
|
$497.00M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRevenue
|
$491.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$834.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$797.00M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$429.00M | USD | 1 Quarter |
| Sales and marketing |
SellingAndMarketingExpense
|
$425.00M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$207.00M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$193.00M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$68.00M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$68.00M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$686.00M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$704.00M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$93.00M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$148.00M | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$5.00M | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$-1.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$92.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$153.00M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$28.00M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$17.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$64.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$136.00M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.23 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.50 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.23 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.49 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
279.00M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
270.00M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
282.00M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
278.00M | shares | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.20 | USD | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.19 | USD | 1 Quarter |
Cash Flow Statement
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$64.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$136.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$60.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$51.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$48.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$52.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$2.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$19.00M | USD | 1 Quarter |
| Other items, net |
OtherOperatingActivitiesCashFlowStatement
|
$5.00M | USD | 1 Quarter |
| Other items, net |
OtherOperatingActivitiesCashFlowStatement
|
$-7.00M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-311.00M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-218.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-17.00M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-20.00M | USD | 1 Quarter |
| Other operating assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-71.00M | USD | 1 Quarter |
| Other operating assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-32.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-58.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-30.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-198.00M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-135.00M | USD | 1 Quarter |
| Deferred revenue and financed unearned services revenue |
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
$-83.00M | USD | 1 Quarter |
| Deferred revenue and financed unearned services revenue |
IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
|
$-107.00M | USD | 1 Quarter |
| Other operating liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-9.00M | USD | 1 Quarter |
| Other operating liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-1.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$228.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$250.00M | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$275.00M | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$285.00M | USD | 1 Quarter |
| Maturities, sales and collections of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$598.00M | USD | 1 Quarter |
| Maturities, sales and collections of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$387.00M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$36.00M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$36.00M | USD | 1 Quarter |
| Acquisition of business, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Acquisition of business, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$24.00M | USD | 1 Quarter |
| Other investing activities, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-5.00M | USD | 1 Quarter |
| Other investing activities, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$1.00M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$57.00M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$276.00M | USD | 1 Quarter |
| Proceeds from issuance of common stock under employee stock award plans |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$42.00M | USD | 1 Quarter |
| Proceeds from issuance of common stock under employee stock award plans |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$48.00M | USD | 1 Quarter |
| Payments for taxes related to net share settlement of stock awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$33.00M | 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
|
$175.00M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$150.00M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$9.00B | USD | 57 Qtrs |
| Proceeds from issuance of commercial paper notes, net |
ProceedsFromRepaymentsOfCommercialPaper
|
$394.00M | USD | 1 Quarter |
| Proceeds from issuance of commercial paper notes, net |
ProceedsFromRepaymentsOfCommercialPaper
|
- | USD | 1 Quarter |
| Repayment of short-term loan |
RepaymentsOfShortTermDebt
|
$850.00M | USD | 1 Quarter |
| Repayment of short-term loan |
RepaymentsOfShortTermDebt
|
- | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$54.00M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$53.00M | USD | 1 Quarter |
| Other financing activities, net |
ProceedsFromRepaymentsOfOtherLongTermDebt
|
$-2.00M | USD | 1 Quarter |
| Other financing activities, net |
ProceedsFromRepaymentsOfOtherLongTermDebt
|
- | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$181.00M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-1.07B | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$19.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-7.00M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-574.00M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$507.00M | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.87B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.95B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.29B | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.44B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.87B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.95B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.29B | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$2.44B | USD | Point-in-time |
Comprehensive Income
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$64.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$136.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$10.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$-6.00M | USD | 1 Quarter |
| Unrealized holding gains arising during the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$3.00M | USD | 1 Quarter |
| Unrealized holding gains arising during the period |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$6.00M | USD | 1 Quarter |
| Unrealized holding gains arising during the period |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
- | USD | 1 Quarter |
| Unrealized holding gains arising during the period |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
$3.00M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
- | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$16.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$152.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$64.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.