NetApp, Inc.
For the period ended Apr 24, 2026. Filed Jun 5, 2026.
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FY2026 · Filed Jun 5, 2026
NTAP$175.99-0.0%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(In millions)
| Year Ended | |||
|---|---|---|---|
| April 24, 2026 | April 25, 2025 | April 26, 2024 | |
| Cash flows from operating activities: | |||
| Net income | $1,276 | $1,186 | $986 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 200 | 243 | 255 |
| Non-cash operating lease cost | 42 | 41 | 45 |
| Stock-based compensation | 382 | 386 | 357 |
| Deferred income taxes | 135 | (100) | 53 |
| Other items, net | 55 | — | (13) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (36) | (219) | (33) |
| Inventories | (12) | (1) | (18) |
| Other operating assets | (248) | (87) | (62) |
| Accounts payable | 31 | (8) | 123 |
| Accrued expenses | (23) | 62 | 113 |
| Deferred revenue | 281 | 208 | (14) |
| Long-term taxes payable | (7) | (207) | (106) |
| Other operating liabilities | (9) | 2 | (1) |
| Net cash provided by operating activities | 2,067 | 1,506 | 1,685 |
| Cash flows from investing activities: | |||
| Purchases of investments | (2,758) | (1,782) | (2,635) |
| Maturities, sales and collections of investments | 2,346 | 2,027 | 2,055 |
| Purchases of property and equipment | (198) | (168) | (155) |
| Other investing activities, net | 15 | 70 | — |
| Net cash (used in) provided by investing activities | (595) | 147 | (735) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock under employee stock award plans | 103 | 108 | 100 |
| Payments for taxes related to net share settlement of stock awards | (137) | (199) | (127) |
| Repurchase of common stock | (950) | (1,150) | (900) |
| Issuances of debt, net of issuance costs | — | 1,240 | — |
| Repayments and extinguishment of debt | (750) | (400) | — |
| Dividends paid | (413) | (424) | (416) |
| Other financing activities, net | — | (3) | (1) |
| Net cash used in financing activities | (2,147) | (828) | (1,344) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1 | 15 | (19) |
| Net change in cash, cash equivalents and restricted cash | (674) | 840 | (413) |
| Cash, cash equivalents and restricted cash: | |||
| Beginning of period | 2,749 | 1,909 | 2,322 |
| End of period | $2,075 | $2,749 | $1,909 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.