NetApp, Inc.
For the period ended Jul 31, 2026. Filed Sep 2, 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.
Jul 31, 2026 · Filed Sep 2, 2026
NTAP$175.99-0.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
(In millions)
| Three Months Ended | ||
|---|---|---|
| July 31, 2026 | July 25, 2025 | |
| Cash flows from operating activities: | ||
| Net income | $375 | $233 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 33 | 51 |
| Non-cash operating lease cost | 11 | 11 |
| Stock-based compensation | 98 | 83 |
| Deferred income taxes | (5) | 9 |
| Other items, net | (15) | 46 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 317 | 466 |
| Inventories | (176) | 54 |
| Other operating assets | (114) | 110 |
| Accounts payable | 19 | (107) |
| Accrued expenses | (75) | (240) |
| Deferred revenue | 32 | (48) |
| Other operating liabilities | 3 | 5 |
| Net cash provided by operating activities | 503 | 673 |
| Cash flows from investing activities: | ||
| Purchases of investments | (1,603) | (741) |
| Maturities, sales and collections of investments | 1,109 | 598 |
| Purchases of property and equipment | (102) | (53) |
| Acquisition of business, net of cash acquired | (78) | — |
| Other investing activities, net | — | 15 |
| Net cash used in investing activities | (674) | (181) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock under employee stock award plans | 57 | 54 |
| Payments for taxes related to net share settlement of stock awards | (74) | (57) |
| Repurchase of common stock | (200) | (300) |
| Repayments and extinguishment of debt | — | (750) |
| Dividends paid | (102) | (104) |
| Net cash used in financing activities | (319) | (1,157) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (6) | 7 |
| Net change in cash, cash equivalents and restricted cash | (496) | (658) |
| Cash, cash equivalents and restricted cash: | ||
| Beginning of period | 2,075 | 2,749 |
| End of period | $1,579 | $2,091 |
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