NetApp, Inc.
For the period ended Jan 23, 2026. Filed Feb 26, 2026.
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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 23, 2026 · Filed Feb 26, 2026
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)
| Nine Months Ended | ||
|---|---|---|
| January 23, 2026 | January 24, 2025 | |
| Cash flows from operating activities: | ||
| Net income | $872 | $846 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 151 | 190 |
| Non-cash operating lease cost | 32 | 31 |
| Stock-based compensation | 282 | 291 |
| Deferred income taxes | 48 | (110) |
| Other items, net | 58 | (25) |
| Changes in assets and liabilities, net of acquisitions of businesses: | ||
| Accounts receivable | (63) | 104 |
| Inventories | 77 | (82) |
| Other operating assets | (54) | (68) |
| Accounts payable | (98) | (77) |
| Accrued expenses | (248) | (94) |
| Deferred revenue and financed unearned services revenue | 66 | (92) |
| Long-term taxes payable | 3 | (84) |
| Other operating liabilities | (9) | 1 |
| Net cash provided by operating activities | 1,117 | 831 |
| Cash flows from investing activities: | ||
| Purchases of investments | (2,263) | (1,288) |
| Maturities, sales and collections of investments | 1,981 | 1,878 |
| Purchases of property and equipment | (148) | (133) |
| Other investing activities, net | 15 | 3 |
| Net cash (used in) provided by investing activities | (415) | 460 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock under employee stock award plans | 103 | 108 |
| Payments for taxes related to net share settlement of stock awards | (112) | (168) |
| Repurchase of common stock | (750) | (900) |
| Repayments and extinguishment of debt | (750) | (400) |
| Dividends paid | (310) | (319) |
| Net cash used in financing activities | (1,819) | (1,679) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 3 | (3) |
| Net change in cash, cash equivalents and restricted cash | (1,114) | (391) |
| Cash, cash equivalents and restricted cash: | ||
| Beginning of period | 2,749 | 1,909 |
| End of period | $1,635 | $1,518 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.