NetApp Financial Statements From 2010 to 2023

NTAP Stock

USD 61.53 0.02 0.0325%

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 six fundamental ratios for NetApp that can be evaluated and compared over time across peers in the industry. Please make sure to check NetApp's last-minute fundamental performance against the performance between 2010 and 2023 to make sure the trends are evolving in the right direction.

NetApp Earnings Before Interest Taxes and Depreciation Amortization EBITDA are relatively stable at the moment as compared to the past year. NetApp reported last year Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 1.22 Billion. As of 03/24/2023, Earnings before Tax is likely to grow to about 988.8 M, while Average Assets are likely to drop slightly above 8.4 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 741.6 M or Cost of Revenue of 1.9 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 . Check out the analysis of NetApp Correlation against competitors. To learn how to invest in NetApp Stock please use our How to Invest in NetApp guide.

NetApp Revenues

5.53 Billion

NetApp Balance Sheet

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Accumulated Retained Earnings Deficit

216.6 M

211 M

82.4 M

Slightly volatile

Trade and Non Trade Receivables

1 B

945 M

942.9 M

Slightly volatile

Property Plant and Equipment Net

641.9 M

525 M

796.9 M

Down

Slightly volatile

Trade and Non Trade Payables

443.6 M

420 M

402 M

Slightly volatile

Liabilities Non Current

4.8 B

5.2 B

3.9 B

Slightly volatile

Current Liabilities

3.9 B

3.5 B

3.3 B

Slightly volatile

Total Liabilities

8.6 B

8.7 B

7.3 B

Slightly volatile

Investments Current

68.8 M

67 M

1.3 B

Down

Slightly volatile

Investments

68.8 M

67 M

1.3 B

Down

Slightly volatile

Inventory

141.4 M

114 M

151.3 M

Pretty Stable

Goodwill and Intangible Assets

2.1 B

1.7 B

Slightly volatile

Shareholders Equity USD

703 M

685 M

1.5 B

Down

Slightly volatile

Shareholders Equity

703 M

685 M

1.5 B

Down

Slightly volatile

Deferred Revenue

4.1 B

4 B

3.6 B

Slightly volatile

Total Debt USD

2.5 B

2.6 B

1.9 B

Slightly volatile

Debt Non Current

2.2 B

2.6 B

1.6 B

Slightly volatile

Debt Current

230.9 M

225 M

441.1 M

Down

Slightly volatile

Total Debt

2.5 B

2.6 B

1.9 B

Slightly volatile

Cash and Equivalents USD

4 B

4.5 B

2.8 B

Slightly volatile

Cash and Equivalents

4 B

4.5 B

2.8 B

Slightly volatile

Assets Non Current

3.6 B

3.4 B

3.2 B

Slightly volatile

Current Assets

5.8 B

6 B

5.6 B

Down

Slightly volatile

Total Assets

8.9 B

9.4 B

8.8 B

Down

Very volatile

Accounts Payable

371.5 M

420 M

396.6 M

Slightly volatile

Receivables

866.5 M

945 M

930.8 M

Slightly volatile

Inventories

117.4 M

114 M

149.8 M

Very volatile

NetApp Income Statement

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Income Tax Expense

247.2 M

232 M

156.1 M

Slightly volatile

Weighted Average Shares Diluted

242.3 M

226 M

264 M

Down

Slightly volatile

Weighted Average Shares

237.3 M

222 M

259.7 M

Down

Slightly volatile

Selling General and Administrative Expense

1.9 B

2 B

Down

Slightly volatile

Research and Development Expense

778.2 M

792.9 M

869.2 M

Down

Slightly volatile

Revenues USD

5.5 B

5.7 B

5.8 B

Down

Pretty Stable

Revenues

5.5 B

5.7 B

5.8 B

Down

Pretty Stable

Operating Income

1 B

905.8 M

Slightly volatile

Operating Expenses

2.7 B

2.8 B

2.9 B

Down

Slightly volatile

Net Income Common Stock USD

741.6 M

730 M

731.5 M

Slightly volatile

Net Income Common Stock

741.6 M

730 M

731.5 M

Slightly volatile

Net Income

741.6 M

730 M

731.5 M

Slightly volatile

Interest Expense

66.8 M

67.2 M

73.6 M

Down

Slightly volatile

Gross Profit

4.2 B

3.8 B

Slightly volatile

Earning Before Interest and Taxes USD

992.7 M

962 M

887.8 M

Slightly volatile

Earning Before Interest and Taxes EBIT

992.7 M

962 M

887.8 M

Slightly volatile

Cost of Revenue

1.9 B

2 B

Down

Slightly volatile

Consolidated Income

741.6 M

730 M

731.5 M

Slightly volatile

Direct Expenses

1.9 B

2 B

Down

Slightly volatile

NetApp Cash Flow Statement

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Share Based Compensation

196.9 M

197 M

210.3 M

Down

Slightly volatile

Effect of Exchange Rate Changes on Cash

76.6 M

71 M

(29.7 M)

Slightly volatile

Net Cash Flow from Operations

1.2 B

1.3 B

1.2 B

Down

Pretty Stable

Net Cash Flow Investment Acquisitions and Disposals

213.7 M

160 M

292.1 M

Slightly volatile

Net Cash Flow from Investing

22.7 M

21 M

53.7 M

Slightly volatile

Net Cash Flow from Financing

479.1 M

444 M

(1 B)

Pretty Stable

Issuance Repayment of Debt Securities

1.2 B

1.1 B

428.7 M

Slightly volatile

Net Cash Flow or Change in Cash and Cash Equivalents

2 B

1.9 B

206 M

Slightly volatile

Depreciation Amortization and Accretion

248.5 M

259 M

268.6 M

Down

Slightly volatile

Capital Expenditure

225.5 M

209 M

(73.8 M)

Slightly volatile

Financial Ratios

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Tangible Assets Book Value per Share

33.21

32.523

27.7376

Slightly volatile

Sales per Share

26.01

25.874

23.0775

Slightly volatile

Return on Sales

0.17

0.167

0.1521

Slightly volatile

Return on Invested Capital

0.4

0.426

0.4453

Slightly volatile

Return on Average Equity

1.74

1.607

1.0712

Slightly volatile

Return on Average Assets

0.0845

0.084

0.0862

Slightly volatile

Price to Sales Ratio

2.81

2.887

2.0958

Slightly volatile

Price to Earnings Ratio

31.17

22.702

17.9476

Pretty Stable

Price to Book Value

19.4

24.272

21.1312

Slightly volatile

Payout Ratio

0.69

0.584

0.4845

Slightly volatile

Profit Margin

0.12

0.127

0.1256

Slightly volatile

Gross Margin

0.71

0.664

0.6563

Slightly volatile

Free Cash Flow per Share

6.02

6.946

4.3953

Slightly volatile

Enterprise Value over EBITDA

11.3

12.654

9.4602

Pretty Stable

Enterprise Value over EBIT

14.74

16.0

12.2669

Down

Very volatile

Earnings per Basic Share USD

3.06

3.29

2.9574

Slightly volatile

Earnings per Diluted Share

3.01

3.23

2.9118

Slightly volatile

Earnings per Basic Share

3.06

3.29

2.9574

Slightly volatile

EBITDA Margin

0.24

0.2027

Slightly volatile

Dividends per Basic Common Share

1.72

1.92

1.4668

Slightly volatile

Dividend Yield

0.0276

0.026

0.0302

Slightly volatile

Debt to Equity Ratio

10.6

12.664

14.5985

Slightly volatile

Current Ratio

1.68

1.738

1.7742

Down

Slightly volatile

Book Value per Share

3.17

3.086

5.2177

Down

Slightly volatile

Asset Turnover

0.73

0.659

0.6846

Slightly volatile

Total Assets Per Share

35.97

42.1622

35.3269

Slightly volatile

Cash Flow Per Share

5.02

6.0045

4.7819

Slightly volatile

Return on Investment

40.13

37.1945

31.7838

Slightly volatile

Operating Margin

13.69

15.2333

14.8466

Slightly volatile

Calculated Tax Rate

22.31

24.1164

17.7678

Down

Pretty Stable

Receivables Turnover

7.15

5.8927

6.2171

Down

Slightly volatile

Inventory Turnover

17.24

14.8958

14.892

Down

Slightly volatile

PPandE Turnover

7.63

9.0273

7.455

Slightly volatile

Cash and Equivalents Turnover

2.14

1.5726

2.2939

Down

Slightly volatile

Accounts Payable Turnover

18.08

13.3596

16.281

Down

Slightly volatile

Accrued Expenses Turnover

9.52

6.8748

8.5938

Down

Slightly volatile

Interest Coverage

13.82

13.4615

98.1158

Down

Slightly volatile

Long Term Debt to Equity

4.14

3.8423

2.824

Slightly volatile

Quick Ratio

1.84

1.6052

1.6255

Down

Slightly volatile

Net Current Assets as percentage of Total Assets

31.86

27.2329

25.6237

Down

Slightly volatile

Revenue to Assets

0.59

0.6137

0.6653

Down

Pretty Stable

NetApp Valuation Data

Trends

Current Value

Last Year

Historical Average

10 Year Trend

Working Capital

2.5 B

2.3 B

Down

Slightly volatile

Tangible Asset Value

7.1 B

7.2 B

7.1 B

Down

Slightly volatile

Market Capitalization

16.4 B

16.6 B

12.1 B

Slightly volatile

Invested Capital Average

2.6 B

2.3 B

2.8 B

Down

Slightly volatile

Invested Capital

2.4 B

1.9 B

2.8 B

Down

Slightly volatile

Free Cash Flow

1.5 B

1.1 B

Slightly volatile

Enterprise Value

15.2 B

15.5 B

11 B

Slightly volatile

Average Equity

466.2 M

454.2 M

1.6 B

Down

Slightly volatile

Earnings before Tax

988.8 M

962 M

887.6 M

Slightly volatile

Earnings Before Interest Taxes and Depreciation Amortization USD

1.3 B

1.2 B

Slightly volatile

Earnings Before Interest Taxes and Depreciation Amortization EBITDA

1.3 B

1.2 B

Slightly volatile

Average Assets

8.4 B

8.7 B

8.6 B

Down

Pretty Stable

Revenue Per Employee

486.2 K

513.7 K

497.5 K

Slightly volatile

Net Income Per Employee

57.2 K

65.3 K

62.7 K

Slightly volatile

NetApp Fundamental Market Drivers

	Forward Price Earnings	12.0773
	Cash And Short Term Investments	4.1 B

NetApp Upcoming Events

	7th of June 2023 Upcoming Quarterly Report	View
	23rd of August 2023 Next Financial Report	View
	30th of April 2023 Next Fiscal Quarter End	View
	7th of June 2023 Next Fiscal Year End	View
	31st of January 2023 Last Quarter Report	View
	30th of April 2022 Last Financial Announcement	View

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 Reported	Projected for 2023
Deferred Revenue	4 B	4.1 B
Cost of Revenue	1.9 B	1.9 B
Revenues	5.7 B	5.5 B
Revenue to Assets	0.61	0.59
Revenue Per Employee	513.7 K	486.2 K

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Check out the analysis of NetApp Correlation against competitors. To learn how to invest in NetApp Stock please use our How to Invest in NetApp guide. 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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Complementary Tools for NetApp Stock analysis

When running NetApp Inc price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.

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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

(0.73)

Dividend Share

Earnings Share

5.65

Revenue Per Share

29.469

Quarterly Revenue Growth

(0.06)

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.

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NetApp Financial Statements From 2010 to 2023

NetApp Revenues

5.53 Billion

NetApp Balance Sheet

NetApp Income Statement

NetApp Cash Flow Statement

Financial Ratios

NetApp Valuation Data

NetApp Fundamental Market Drivers

NetApp Upcoming Events

About NetApp Financial Statements

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