NetApp, Inc. NTAP Cash Flow

Netapp, inc. (NTAP)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09	Jul'09
Cash flows from operating activities:
Net income
277,000	243,000	103,000	396,000	249,000	241,000	283,000	290,000	-479,000	174,000	131,000	162,000	146,000	109,000	64,000	-8,000	153,000	114,000	-30,000	135,000	177,000	160,000	88,000	197,500	192,100	166,800	81,600	173,800	158,100	109,600	63,800	180,700	119,600	165,600	139,500	160,600	186,400	175,400	150,700	145,200	107,900	95,600	51,700
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
47,000	50,000	49,000	48,000	51,000	49,000	49,000	48,000	48,000	51,000	51,000	53,000	56,000	57,000	60,000	77,000	66,000	67,000	69,000	72,000	80,000	77,000	78,000	82,000	83,600	82,500	85,900	89,100	86,400	86,700	82,400	82,600	73,600	68,400	68,500	42,300	41,000	41,600	40,700	40,000	40,800	42,200	43,000
Stock-based compensation
36,000	40,000	42,000	37,000	43,000	38,000	40,000	36,000	38,000	39,000	48,000	46,000	46,000	51,000	52,000	61,000	63,000	59,000	77,000	63,000	66,000	68,000	62,000	67,200	71,900	67,600	66,300	65,100	67,300	65,000	79,200	59,800	76,700	63,000	58,100	48,200	45,000	37,700	44,300	37,700	36,700	33,200	52,200
Accretion of discount and issuance costs on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,200	16,200	15,300	14,400	14,300	14,200	13,500	11,500	13,700	13,900	13,300	13,000	12,900	13,000	12,500	12,200	13,100
Deferred income taxes
0	-16,000	-7,000	18,000	4,000	1,000	-26,000	25,000	205,000	40,000	0	1,000	45,000	9,000	19,000	-9,000	-25,000	-28,000	-51,000	-5,000	4,000	-10,000	8,000	-45,100	-22,500	1,700	-10,100	-18,700	-7,900	-32,000	-18,000	3,100	7,200	-47,800	-23,400	14,100	-10,800	-41,500	11,900	-8,900	-500	200	-2,100
Unrealized losses (gains) on derivative activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,800	-	0	0	0
Tax benefit (charge) from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,700	-	25,100	61,800	-12,000	1,800	-17,100	-4,600	19,000
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	5,000	6,000	43,000	18,600	23,900	9,400	100	19,900	9,400	38,700	4,900	32,600	-4,000	52,600	32,100	64,400	21,700	41,600	0	-	-	-	-
Other items, net
-29,000	7,000	6,000	-6,000	-3,000	3,000	8,000	-19,000	-3,000	-10,000	5,000	1,000	7,000	-8,000	-7,000	40,000	57,000	-12,000	-15,000	63,000	24,000	-14,000	-38,000	-18,500	-16,200	-17,600	25,300	-21,000	-11,300	-53,100	14,800	-30,400	-70,000	-4,000	7,200	-129,100	-4,000	-10,300	100	-6,300	-1,200	-2,300	100
Changes in assets and liabilities, net of acquisitions of businesses:
Accounts receivable
41,000	237,000	-672,000	350,000	104,000	154,000	-423,000	279,000	156,000	80,000	-226,000	118,000	56,000	47,000	-311,000	206,000	-1,000	172,000	-361,000	112,000	35,000	49,000	-271,000	270,400	-4,100	55,900	-265,200	170,000	19,800	31,300	-244,200	146,200	59,800	29,400	-145,000	185,200	98,900	70,200	-91,600	29,200	-139,600	248,900	-117,200
Inventories
2,000	-5,000	-15,000	31,000	14,000	-11,000	-25,000	32,000	-10,000	-34,000	-24,000	39,000	28,000	16,000	-17,000	-5,000	-23,000	-68,000	47,000	29,000	10,000	3,000	-18,000	4,300	2,300	-700	-22,900	-33,400	-40,300	9,500	42,200	7,700	-9,500	25,100	-6,800	14,400	12,200	-6,000	-25,000	63,000	-11,200	-100	400
Other operating assets
-37,000	18,000	-59,000	31,000	23,000	24,000	-5,000	54,000	13,000	32,000	-61,000	-9,000	33,000	-17,000	-32,000	-27,000	-23,000	-42,000	-17,000	-3,000	13,000	-36,000	13,000	3,300	14,600	-39,100	-53,800	18,000	42,400	-10,200	27,100	-12,200	36,700	2,100	10,400	25,700	2,200	-24,000	-9,900	64,100	-26,200	11,100	-12,200
Accounts payable
-1,000	38,000	-195,000	44,000	26,000	50,000	-177,000	147,000	81,000	92,000	-58,000	81,000	26,000	17,000	-30,000	60,000	-53,000	-27,000	-33,000	85,000	-14,000	30,000	-62,000	57,800	-29,000	-2,900	-37,900	41,100	-29,900	-28,000	41,900	21,800	-56,000	22,800	22,800	41,000	16,300	15,800	-34,400	43,100	16,500	-2,400	-14,500
Accrued expenses
42,000	-38,000	-277,000	127,000	77,000	59,000	-221,000	104,000	126,000	67,000	-135,000	35,000	17,000	60,000	-198,000	108,000	10,000	31,000	-119,000	95,000	-26,000	91,000	-227,000	-	-	-	-	-	-	-	-	-	-	-	-	-	55,500	125,500	-221,600	-	80,900	90,800	-230,900
Deferred revenue and financed unearned services revenue
104,000	-43,000	-154,000	326,000	146,000	-42,000	-87,000	238,000	64,000	-61,000	-102,000	125,000	31,000	-96,000	-83,000	238,000	85,000	-16,000	-121,000	88,000	79,000	-19,000	-26,000	134,000	40,600	-13,300	-54,300	135,400	105,300	4,400	-47,000	271,900	107,600	60,200	66,700	231,400	123,300	2,500	25,700	116,600	74,300	-4,400	-9,800
Long-term taxes payable
-84,000	-46,000	-3,000	-104,000	3,000	-68,000	5,000	-9,000	721,000	2,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued compensation and other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,900	73,000	-175,400	-	-19,200	130,800	-146,700	112,200	12,600	75,200	-248,300	-	-	-	-	-	-	-	-
Other operating liabilities
-	-	0	-	-	-	-1,000	-1,000	-4,000	-2,000	-1,000	-1,000	4,000	5,000	-9,000	42,000	6,000	-5,000	-9,000	-5,000	-4,000	-8,000	24,000	28,100	7,700	3,200	5,000	18,500	9,700	1,700	4,100	-19,800	6,500	6,100	12,200	-16,600	-9,700	6,300	21,900	32,300	20,700	6,300	-12,600
Net cash provided by operating activities
420,000	-53,000	310,000	399,000	451,000	165,000	326,000	494,000	420,000	314,000	250,000	365,000	235,000	158,000	228,000	345,000	355,000	145,000	129,000	396,000	275,000	381,000	216,000	369,900	331,800	362,500	285,800	455,600	365,100	336,400	229,200	582,600	269,200	370,200	240,600	458,800	354,400	355,800	177,300	474,600	194,900	267,300	38,200
Cash flows from investing activities:
Purchases of investments
3,000	5,000	4,000	19,000	2,000	1,000	19,000	127,000	653,000	334,000	275,000	594,000	588,000	510,000	285,000	420,000	283,000	648,000	238,000	1,165,000	829,000	271,000	332,000	317,700	225,200	241,200	234,900	739,400	305,300	615,000	628,000	1,853,500	412,300	741,700	564,900	500	540,300	924,000	726,100	1,297,700	451,700	722,300	160,900
Maturities, sales and collections of investments
145,000	124,000	1,031,000	234,000	174,000	242,000	267,000	295,000	427,000	270,000	387,000	549,000	400,000	387,000	598,000	523,000	374,000	658,000	1,016,000	479,000	509,000	441,000	523,000	529,000	315,800	523,300	624,900	712,300	416,000	774,500	561,900	449,800	350,700	536,300	810,700	-	-	-	432,200	528,800	462,700	386,300	394,500
Purchases of property and equipment
32,000	36,000	32,000	35,000	31,000	43,000	64,000	48,000	32,000	29,000	36,000	38,000	45,000	56,000	36,000	35,000	41,000	46,000	38,000	37,000	29,000	51,000	58,000	55,600	57,900	42,200	65,300	63,600	110,700	67,100	61,900	124,200	91,300	93,300	98,300	72,900	66,300	43,300	40,200	38,400	49,700	22,800	24,700
Acquisitions of businesses, net of cash acquired
0	0	56,000	0	0	3,000	0	0	0	51,000	24,000	8,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	480,000	61,600	0	0	74,900	0	0	0	0
Other investing activities, net
-1,000	1,000	1,000	-3,000	1,000	0	-2,000	0	1,000	1,000	-1,000	-1,000	-3,000	0	1,000	-4,000	1,000	2,000	-2,000	1,000	-4,000	1,000	0	-4,400	800	-2,200	-1,200	-1,200	-200	-1,500	-1,300	-1,600	2,000	-300	-1,700	300	-800	100	-100	-4,100	-500	-4,000	400
Net cash provided by investing activities
111,000	178,000	938,000	183,000	140,000	195,000	186,000	120,000	-49,000	-145,000	53,000	-90,000	-230,000	-179,000	276,000	-668,000	49,000	-38,000	742,000	-724,000	-430,000	118,000	133,000	160,100	31,900	242,100	325,900	-106,600	-89,200	93,900	-126,700	-1,526,300	-154,900	-298,400	-330,800	282,200	-306,200	-344,300	-408,900	-803,200	-38,200	-354,800	208,500
Cash flows from financing activities:
Proceeds from issuance of common stock under employee stock award plans
47,000	1,000	54,000	3,000	53,000	2,000	63,000	16,000	100,000	9,000	48,000	28,000	51,000	19,000	42,000	50,000	45,000	6,000	19,000	11,000	75,000	43,000	28,000	9,200	67,900	52,400	71,500	15,100	50,400	10,100	35,000	41,100	49,100	5,300	46,600	12,200	75,900	96,200	139,900	40,400	96,600	26,800	33,300
Payments for taxes related to net share settlement of stock awards
3,000	3,000	71,000	4,000	3,000	5,000	84,000	8,000	7,000	3,000	57,000	6,000	6,000	3,000	33,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
500,000	500,000	250,000	500,000	550,000	561,000	500,000	344,000	150,000	150,000	150,000	129,000	284,000	117,000	175,000	262,000	85,000	183,000	430,000	246,000	200,000	600,000	119,000	374,000	507,000	150,500	849,500	180,000	61,700	198,300	150,000	0	0	400,000	200,000	0	0	0	0	-	-	-	-
Proceeds from (repayments of) commercial paper notes, net
194,000	468,000	-219,000	85,000	-86,000	50,000	-185,000	-247,000	-86,000	-176,000	394,000	107,000	392,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	5,000	6,000	43,000	18,600	23,900	9,400	100	19,900	9,400	38,700	4,900	32,600	-4,000	52,600	32,100	64,400	21,700	41,600	0	-	-	-	-
Issuance of long-term debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	495,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of short-term loan
-	-	-	-	-	-	-	-	-	-	-	0	0	0	850,000	20,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	1,264,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
108,000	111,000	115,000	97,000	99,000	102,000	105,000	53,000	53,000	54,000	54,000	51,000	52,000	52,000	53,000	51,000	52,000	53,000	54,000	51,000	52,000	52,000	53,000	48,900	50,400	51,300	51,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities, net
-2,000	0	-2,000	-1,000	-3,000	-1,000	-1,000	0	-5,000	-1,000	0	0	-4,000	-1,000	-2,000	-4,000	-4,000	0	1,000	-1,000	-4,000	-2,000	-2,000	-1,500	-1,800	-15,200	9,500	-1,200	-400	1,700	-2,000	-2,100	1,500	1,300	300	-1,400	2,400	-2,000	0	-	-	-	-
Net cash used in financing activities
-372,000	-545,000	-603,000	-514,000	-688,000	-617,000	-812,000	-636,000	-951,000	420,000	181,000	-51,000	97,000	-154,000	-1,071,000	681,000	-96,000	-230,000	-464,000	-286,000	-176,000	-605,000	392,000	-396,700	-467,400	-155,200	-2,084,700	-146,200	985,000	-147,800	-112,100	71,600	46,600	-340,800	-121,000	75,200	100,000	135,800	139,900	62,200	96,200	28,200	33,300
Effect of exchange rate changes on cash, cash equivalents and restricted cash
1,000	-2,000	-3,000	-13,000	8,000	-11,000	-14,000	-11,000	24,000	-6,000	19,000	4,000	-2,000	-6,000	-7,000	15,000	-11,000	-3,000	-5,000	-4,000	-34,000	-21,000	0	5,100	-4,100	14,300	-7,300	-7,400	4,000	4,900	-10,800	1,000	-9,000	-5,200	-2,900	21,700	100	11,800	-1,300	-4,400	-5,900	3,700	10,200
Net increase (decrease) in cash, cash equivalents and restricted cash
160,000	-422,000	642,000	55,000	-89,000	-268,000	-314,000	-33,000	-556,000	583,000	503,000	228,000	100,000	-181,000	-574,000	373,000	297,000	-126,000	402,000	-618,000	-365,000	-127,000	741,000	138,400	-107,800	463,700	-1,480,300	195,400	1,264,900	287,400	-20,400	-871,100	151,900	-274,200	-214,100	837,900	148,300	159,100	-93,000	-270,800	247,000	-55,600	290,200