NetApp Inc

For the period ended Jan 24, 2025. Filed Feb 27, 2025.

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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.

Jan 24, 2025 · Filed Feb 27, 2025

NTAP$176.07+4.1%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(In millions, except par value)

	January 24, 2025	April 26, 2024
ASSETS
Current assets:
Cash and cash equivalents	$1,511	$1,903
Short-term investments	750	1,349
Accounts receivable	898	1,007
Inventories	268	186
Other current assets	481	452
Total current assets	3,908	4,897
Property and equipment, net	567	604
Goodwill	2,723	2,759
Purchased intangible assets, net	49	124
Other non-current assets	1,742	1,503
Total assets	$8,989	$9,887
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$434	$517
Accrued expenses	941	1,013
Current portion of long-term debt	750	400
Short-term deferred revenue and financed unearned services revenue	2,070	2,176
Total current liabilities	4,195	4,106
Long-term debt	1,244	1,992
Other long-term liabilities	503	585
Long-term deferred revenue and financed unearned services revenue	2,052	2,058
Total liabilities	7,994	8,741
Commitments and contingencies (Note 14)
Stockholders' equity:
Common stock and additional paid-in capital, $0.001 par value; 203 and 206 shares issued and outstanding as of January 24, 2025 and April 26, 2024, respectively	1,060	997
Retained earnings	—	208
Accumulated other comprehensive loss	(65)	(59)
Total stockholders' equity	995	1,146
Total liabilities and stockholders' equity	$8,989	$9,887

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.