NetApp Inc
For the period ended Jul 26, 2024. Filed Aug 28, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 26, 2024 · Filed Aug 28, 2024
NTAP$175.99-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In millions)
| Three Months Ended | ||
|---|---|---|
| July 26, 2024 | July 28, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $248 | $149 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 63 | 64 |
| Non-cash operating lease cost | 10 | 11 |
| Stock-based compensation | 85 | 87 |
| Deferred income taxes | (17) | (6) |
| Other items, net | (19) | (2) |
| Changes in assets and liabilities, net of acquisitions of businesses: | ||
| Accounts receivable | 335 | 332 |
| Inventories | (29) | 37 |
| Other operating assets | 49 | 57 |
| Accounts payable | (77) | (56) |
| Accrued expenses | (221) | (89) |
| Deferred revenue and financed unearned services revenue | (92) | (133) |
| Long-term taxes payable | 4 | 1 |
| Other operating liabilities | 2 | 1 |
| Net cash provided by operating activities | 341 | 453 |
| Cash flows from investing activities: | ||
| Purchases of investments | (480) | (571) |
| Maturities, sales and collections of investments | 470 | 379 |
| Purchases of property and equipment | (41) | (35) |
| Other investing activities, net | — | (1) |
| Net cash used in investing activities | (51) | (228) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock under employee stock award plans | 55 | 52 |
| Payments for taxes related to net share settlement of stock awards | (97) | (65) |
| Repurchase of common stock | (400) | (400) |
| Dividends paid | (107) | (106) |
| Other financing activities, net | 1 | (2) |
| Net cash used in financing activities | (548) | (521) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 8 | — |
| Net change in cash, cash equivalents and restricted cash | (250) | (296) |
| Cash, cash equivalents and restricted cash: | ||
| Beginning of period | 1,909 | 2,322 |
| End of period | $1,659 | $2,026 |
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