NetApp Financial Statements From 2010 to 2023

NTAP Stock  USD 65.79  0.58  0.87%   
NetApp financial statements provide useful quarterly and yearly information to potential NetApp Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on NetApp financial statements helps investors assess NetApp's valuation, profitability, and current liquidity needs.
There are currently one hundred ten fundamental ratios for NetApp that can be evaluated and compared over time across peers in the industry. Make sure you check NetApp's last-minute fundamentals against the trend between 2010 and 2023 to make sure the company can sustain itself down the road.
NetApp Invested Capital Average is very stable at the moment as compared to the past year. NetApp reported last year Invested Capital Average of 2.48 Billion. As of 27th of January 2023, Market Capitalization is likely to grow to about 11.2 B, while Earnings Before Interest Taxes and Depreciation Amortization EBITDA are likely to drop about 1.1 B.
  
Check NetApp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NetApp main balance sheet or income statement drivers, such as Direct Expenses of 1.9 B, Consolidated Income of 568.5 M or Cost of Revenue of 2.1 B, as well as many exotic indicators such as Interest Coverage of 13.82, Long Term Debt to Equity of 4.14 or Calculated Tax Rate of 22.31. NetApp financial statements analysis is a perfect complement when working with NetApp Valuation or Volatility modules. It can also supplement NetApp's financial leverage analysis and stock options assessment as well as various NetApp Technical models . Additionally, see the analysis of NetApp Correlation against competitors.

NetApp Revenues

5.44 Billion

NetApp Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Accumulated Retained Earnings Deficit1.5 B1.8 B824.3 M
Up
Slightly volatile
Trade and Non Trade Receivables772.8 M542.2 M787 M
Down
Slightly volatile
Property Plant and Equipment Net769.2 M724 M849.1 M
Down
Slightly volatile
Trade and Non Trade Payables302.2 M212.3 M316.7 M
Down
Pretty Stable
Liabilities Non Current2.9 B2.4 B3.1 B
Down
Slightly volatile
Current Liabilities3.3 B3.5 B3.3 B
Up
Slightly volatile
Total Liabilities7.4 B8.7 B7.2 B
Up
Slightly volatile
Investments Non Current65.1 M65.5 M71.7 M
Down
Slightly volatile
Investments CurrentB1.8 B1.9 B
Down
Slightly volatile
InvestmentsB1.9 B1.9 B
Down
Slightly volatile
Inventory144.6 M129.8 M139.7 M
Down
Slightly volatile
Goodwill and Intangible Assets1.2 B812 M1.3 B
Down
Very volatile
Shareholders Equity USD2.4 B2.3 BB
Down
Slightly volatile
Shareholders Equity703 M685 M1.5 B
Down
Slightly volatile
Deferred Revenue2.9 B2.2 B3.1 B
Down
Slightly volatile
Total Debt USD1.6 B1.3 B1.5 B
Down
Pretty Stable
Debt Non Current1.2 B1.3 B1.3 B
Down
Slightly volatile
Debt Current784.5 M764.1 M604.8 M
Up
Slightly volatile
Total Debt1.6 B1.3 B1.5 B
Down
Pretty Stable
Cash and Equivalents USD2.4 BB2.2 B
Up
Pretty Stable
Cash and Equivalents4.9 B4.5 B2.9 B
Up
Slightly volatile
Assets Non Current2.8 B2.3 B2.7 B
Down
Pretty Stable
Current Assets6.8 BB5.7 B
Down
Pretty Stable
Total Assets8.8 B9.4 B8.8 B
Down
Very volatile
Accumulated Other Comprehensive Income2.7 M2.5 M(22.8 M)
Up
Slightly volatile
Accounts Payable371.5 M420 M396.6 M
Up
Slightly volatile
Receivables866.5 M945 M930.8 M
Up
Slightly volatile
Inventories117.4 M114 M149.8 M
Up
Very volatile

NetApp Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense55 M53.6 M113.7 M
Down
Slightly volatile
Weighted Average Shares Diluted295.7 M226 M267.7 M
Down
Slightly volatile
Weighted Average Shares288.2 M222 M263.1 M
Down
Slightly volatile
Selling General and Administrative Expense2.1 B1.8 B1.9 B
Down
Slightly volatile
Research and Development Expense790.1 M616.1 M808 M
Down
Slightly volatile
Revenues USD5.7 B4.5 B5.4 B
Down
Slightly volatile
Revenues5.4 B5.7 B5.8 B
Down
Slightly volatile
Operating Income786.5 M875 M863.8 M
Up
Slightly volatile
Operating Expenses2.8 B2.3 B2.7 B
Down
Slightly volatile
Net Income Common Stock USD568.5 M460.5 M623.2 M
Down
Pretty Stable
Net Income Common Stock568.5 M460.5 M623.2 M
Down
Pretty Stable
Net Income638.5 M730 M724.1 M
Up
Slightly volatile
Interest Expense88.2 M85.2 M76 M
Up
Slightly volatile
Gross Profit3.6 B2.9 B3.5 B
Down
Slightly volatile
Earning Before Interest and Taxes USD766.8 M599.3 M763.8 M
Down
Pretty Stable
Earning Before Interest and Taxes EBIT766.8 M599.3 M763.8 M
Down
Pretty Stable
Cost of Revenue2.1 B1.6 B1.9 B
Down
Slightly volatile
Consolidated Income568.5 M460.5 M623.2 M
Down
Pretty Stable
Direct Expenses1.9 B1.9 BB
Down
Slightly volatile

NetApp Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation164.8 M143.8 M192 M
Down
Slightly volatile
Effect of Exchange Rate Changes on Cash 3.5 M3.2 M(32.2 M)
Up
Slightly volatile
Net Cash Flow from Operations1.4 B1.3 B1.2 B
Up
Very volatile
Net Cash Flow Investment Acquisitions and Disposals(1 B)(989.3 M)(7.2 M)
Down
Very volatile
Net Cash Flow from Investing22.7 M21 M53.6 M
Up
Slightly volatile
Net Cash Flow from Financing479.1 M444 M(1 B)
Up
Pretty Stable
Issuance Repayment of Debt Securities 825.4 M765 M366.5 M
Up
Pretty Stable
Issuance Purchase of Equity Shares191.4 M177.4 M(865.5 M)
Up
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents204.7 M189.7 M46.1 M
Up
Slightly volatile
Depreciation Amortization and Accretion184.1 M149.4 M244.3 M
Down
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share24.9319.623.8289
Down
Slightly volatile
Sales per Share21.8525.455422.8142
Up
Slightly volatile
Return on Sales0.150.150.1439
Up
Slightly volatile
Return on Invested Capital0.270.220.3708
Up
Pretty Stable
Return on Average Equity17015790.4388
Up
Slightly volatile
Return on Average Assets7.438.64838.274
Up
Slightly volatile
Price to Sales Ratio2.412.72.1118
Up
Slightly volatile
Price to Earnings Ratio37.9133.7920.927
Up
Slightly volatile
Price to Book Value7.715.4316.846
Up
Pretty Stable
Payout Ratio0.961.060.6017
Up
Slightly volatile
Profit Margin11.1212.708912.491
Up
Slightly volatile
Gross Margin61.5766.417164.9519
Up
Slightly volatile
Free Cash Flow per Share7.386.83364.495
Up
Slightly volatile
Enterprise Value over EBITDA12.6614.4910.4188
Up
Slightly volatile
Enterprise Value over EBIT16.7618.913.7613
Up
Slightly volatile
Earnings per Basic Share USD1.821.362.299
Down
Very volatile
Earnings per Diluted Share2.593.232.8825
Up
Slightly volatile
Earnings per Basic Share2.653.292.9277
Up
Slightly volatile
EBITDA Margin19.0621.483319.4907
Up
Slightly volatile
Dividends per Basic Common Share1.020.831.1565
Up
Pretty Stable
Dividend Yield0.03160.03450.0315
Up
Slightly volatile
Debt to Equity Ratio4.143.84232.8666
Up
Slightly volatile
Current Ratio2.01.73841.7969
Down
Slightly volatile
Book Value per Share7.296.716.2991
Down
Slightly volatile
Asset Turnover0.720.66950.6665
Up
Slightly volatile
Total Assets Per Share35.9742.162235.3269
Up
Slightly volatile
Cash Flow Per Share5.026.00454.7819
Up
Slightly volatile
Return on Investment40.1337.194531.7838
Up
Slightly volatile
Operating Margin13.6915.233314.8466
Up
Slightly volatile
Calculated Tax Rate22.3124.116417.7678
Down
Pretty Stable
Receivables Turnover7.155.89276.2171
Down
Slightly volatile
Inventory Turnover17.2414.895814.892
Down
Slightly volatile
PPandE Turnover7.639.02737.455
Up
Slightly volatile
Cash and Equivalents Turnover2.141.57262.2939
Down
Slightly volatile
Accounts Payable Turnover18.0813.359616.281
Down
Slightly volatile
Accrued Expenses Turnover9.526.87488.5938
Down
Slightly volatile
Interest Coverage13.8213.461598.1158
Down
Slightly volatile
Long Term Debt to Equity4.143.84232.824
Up
Slightly volatile
Quick Ratio1.841.60521.6255
Down
Slightly volatile
Net Current Assets as percentage of Total Assets31.8627.232925.6237
Down
Slightly volatile
Revenue to Assets0.590.61370.6653
Down
Pretty Stable

NetApp Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital2.5 B2.4 B2.4 B
Down
Slightly volatile
Tangible Asset ValueB5.2 B6.6 B
Down
Slightly volatile
Market Capitalization11.2 B10.8 B10.7 B
Down
Very volatile
Invested Capital Average2.8 B2.5 B2.9 B
Down
Slightly volatile
Invested Capital3.1 B2.9 B3.1 B
Down
Slightly volatile
Free Cash Flow1.1 B965.3 MB
Down
Slightly volatile
Enterprise Value10.4 B10 B9.8 B
Up
Very volatile
Average Equity2.3 BB2.1 B
Down
Slightly volatile
Earnings before Tax710.1 M514 M743.1 M
Down
Pretty Stable
Earnings Before Interest Taxes and Depreciation Amortization USDB790.2 MB
Down
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.1 B1.2 B1.1 B
Up
Slightly volatile
Average Assets8.5 B6.7 BB
Down
Slightly volatile
Revenue Per Employee486.2 K513.7 K497.5 K
Up
Slightly volatile
Net Income Per Employee57.2 K65.3 K62.7 K
Up
Slightly volatile

NetApp Fundamental Market Drivers

Forward Price Earnings12.0773
Cash And Short Term Investments4.1 B

NetApp Upcoming Events

Upcoming Quarterly Report23rd of February 2022
Next Financial Report1st of June 2022
Next Fiscal Quarter End31st of January 2022
Next Fiscal Year End1st of June 2022
Last Quarter Report31st of October 2021
Last Financial Announcement31st of January 2021

About NetApp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include NetApp income statement, its balance sheet, and the statement of cash flows. NetApp investors use historical funamental indicators, such as NetApp's revenue or net income, to determine how well the company is positioned to perform in the future. Although NetApp investors may use each financial statement separately, they are all related. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NetApp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on NetApp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in NetApp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Deferred Revenue2.2 B2.9 B
Cost of Revenue1.6 B2.1 B
Revenues5.7 B5.4 B
Revenue to Assets 0.61  0.59 
Revenue Per Employee513.7 K486.2 K

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Additionally, see the analysis of NetApp Correlation against competitors. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.48
Market Capitalization
14.2 B
Quarterly Revenue Growth
0.062
Return On Assets
0.0791
Return On Equity
1.5043
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine NetApp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.