Netapp, inc. (NTAP)
Income statement / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09Jul'09
Revenues:
Net revenues

5,603

5,762

5,908

6,146

6,198

6,174

6,072

5,919

5,728

5,593

5,518

5,491

5,418

5,400

5,505

5,546

5,706

5,871

5,969

6,123

6,231

6,290

6,297

6,325

6,392

6,412

6,404

6,332

6,318

6,253

6,219

6,233

5,959

5,683

5,427

5,122

4,866

4,588

4,247

3,931

0

0

0

Cost of revenues:
Total cost of revenues

1,895

2,013

2,110

2,201

2,250

2,252

2,224

2,210

2,161

2,131

2,127

2,127

2,123

2,101

2,151

2,173

2,216

2,259

2,258

2,290

2,292

2,325

2,350

2,406

2,483

2,540

2,583

2,571

2,594

2,586

2,553

2,519

2,312

2,098

1,939

1,793

1,717

1,643

1,512

1,412

0

0

0

Gross profit

3,708

3,749

3,798

3,945

3,948

3,922

3,848

3,709

3,567

3,462

3,391

3,364

3,295

3,299

3,354

3,373

3,490

3,612

3,711

3,833

3,939

3,965

3,947

3,919

3,909

3,871

3,820

3,761

3,723

3,667

3,666

3,713

3,646

3,584

3,487

3,328

3,149

2,944

2,734

2,519

0

0

0

Operating expenses:
Sales and marketing

1,635

1,634

1,653

1,657

1,661

1,679

1,692

1,706

1,686

1,648

1,645

1,651

1,662

1,699

1,729

1,792

1,828

1,885

1,925

1,913

1,917

1,918

1,910

1,898

1,933

1,951

1,959

1,974

1,942

1,926

1,892

1,864

1,848

1,768

1,697

1,597

1,501

1,428

1,346

1,293

0

0

0

Research and development

840

832

834

827

825

815

798

783

771

759

765

779

789

808

824

861

893

923

936

920

918

918

917

918

930

915

910

904

882

875

851

828

783

740

697

648

615

579

554

535

0

0

0

General and administrative

269

276

276

278

280

285

285

280

279

271

271

271

285

291

296

307

294

294

293

284

286

286

282

281

281

278

275

272

269

266

265

264

262

261

260

251

246

242

235

238

0

0

0

Restructuring charges

37

37

37

35

19

19

19

0

52

0

0

-

0

-

-

108

28

28

27

0

38

38

39

88

49

49

48

0

0

0

0

-

-

-

-

-

0

0

-

2

0

0

0

Gain on sale or derecognition of assets

0

0

-

-

0

0

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

9

12

9

7

5

2

1

1

-39

0

0

0

Total operating expenses

2,670

2,668

2,727

2,724

2,785

2,580

2,576

2,551

2,518

2,720

2,723

2,743

2,813

2,835

2,887

3,025

3,045

3,130

3,181

3,117

3,161

3,162

3,150

3,185

3,194

3,195

3,196

3,153

3,099

3,074

3,016

2,966

2,908

2,781

2,664

2,504

2,364

2,251

2,139

2,030

0

0

0

Income from operations

1,038

1,081

1,071

1,221

1,163

1,342

1,272

1,158

1,049

742

668

621

482

464

467

348

445

482

530

716

778

803

797

734

714

676

624

607

624

593

650

746

738

802

822

824

784

692

595

488

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

42

41

38

38

37

39

40

39

37

34

32

31

0

0

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

83

78

75

74

74

74

76

75

75

74

73

74

0

0

0

Other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

8

7

5

2

4

4

3

5

2

1

4

1

0

0

0

Other income, net

40

40

44

47

49

55

54

41

26

12

6

0

-5

-7

-8

-3

4

4

1

-3

-2

2

11

7

-11

-26

-39

-41

-32

-30

-31

-34

-32

-30

-32

-30

-34

-37

-36

-41

0

0

0

Income before income taxes

1,078

1,121

1,115

1,268

1,212

1,397

1,326

1,199

1,075

754

674

621

477

457

459

345

449

486

531

713

775

805

808

741

703

649

584

566

592

563

619

712

706

771

790

794

749

655

558

447

0

0

0

Provision (benefit) for income taxes

59

130

126

99

149

1,062

1,058

1,083

1,087

141

126

140

166

139

136

116

77

90

89

153

153

167

164

103

88

68

61

61

80

89

89

107

120

119

128

121

92

76

59

46

0

0

0

Net income

1,019

991

989

1,169

1,063

335

268

116

-12

613

548

481

311

318

323

229

372

396

442

560

622

637

644

638

614

580

523

505

512

473

529

605

585

652

661

673

657

579

499

400

0

0

0

Net income per share:
Basic

1.23

1.03

0.43

1.59

1.00

0.93

1.08

1.08

-1.79

0.65

0.49

0.60

0.53

0.39

0.23

-0.03

0.52

0.39

-0.10

0.43

0.57

0.50

0.27

0.58

0.57

0.49

0.23

0.49

0.44

0.30

0.17

0.49

0.33

0.46

0.38

0.44

0.51

0.49

0.43

0.43

0.32

0.28

0.15

Diluted

1.21

1.03

0.42

1.57

0.98

0.91

1.05

1.11

-1.79

0.63

0.47

0.58

0.52

0.38

0.23

-0.04

0.52

0.39

-0.10

0.43

0.56

0.49

0.27

0.57

0.55

0.48

0.23

0.47

0.43

0.30

0.17

0.48

0.32

0.44

0.34

0.40

0.46

0.45

0.40

0.41

0.30

0.27

0.15

Shares used in net income per share calculations:
Basic

226

235

239

246

250

258

262

265

268

269

270

269

274

278

279

285

293

294

304

311

312

318

323

329

339

340

350

358

359

362

366

363

360

361

370

367

364

359

352

345

341

336

334

Diluted

229

236

243

248

255

264

269

283

268

275

278

277

281

284

282

292

296

296

304

315

317

323

329

336

346

349

359

367

364

368

371

382

373

376

405

402

406

391

374

363

360

349

338

Cash dividends declared per share

-

-

-

-

-

-

-

-

0.20

0.20

0.20

-

0.19

0.19

0.19

-

0.18

0.18

0.18

-

0.16

0.16

0.16

-

0.15

0.15

0.15

-

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

Product [Member]
Net revenues

3,202

3,382

3,524

3,755

3,782

3,767

3,673

3,525

3,404

3,236

3,127

3,060

2,911

2,877

2,982

2,986

3,143

3,322

3,436

3,655

3,783

3,869

3,896

3,944

4,038

4,084

4,125

4,092

4,119

4,121

4,142

4,209

4,005

3,786

3,595

3,367

3,165

2,940

2,640

2,381

0

0

0

Total cost of revenues

1,470

1,579

1,666

1,752

1,791

1,791

1,760

1,738

1,684

1,650

1,629

1,612

1,594

1,540

1,572

1,558

1,575

1,614

1,608

1,657

1,669

1,699

1,721

1,777

1,841

1,903

1,957

1,959

2,006

2,011

1,994

1,979

1,795

1,605

1,469

1,342

1,273

1,199

1,074

976

0

0

0

Software Maintenance [Member]
Net revenues

1,009

985

967

946

938

920

908

902

850

869

887

905

957

951

942

949

942

934

926

899

899

900

907

915

914

915

903

893

879

853

832

812

786

765

744

720

707

695

688

679

0

0

0

Total cost of revenues

43

41

38

35

31

27

25

25

25

26

27

28

31

33

35

37

38

38

38

36

34

33

31

31

30

29

29

28

27

26

25

23

21

19

17

15

14

13

12

12

0

0

0

Hardware Maintenance and Other Services [Member]
Net revenues

1,392

1,395

1,417

1,445

1,478

1,487

1,491

1,492

1,474

1,488

1,504

1,526

1,550

1,572

1,581

1,611

1,621

1,615

1,607

1,569

1,548

1,520

1,494

1,466

1,439

1,412

1,375

1,346

1,319

1,278

1,245

1,211

1,167

1,130

1,087

1,034

993

952

918

870

0

0

0

Total cost of revenues

382

393

406

414

428

434

439

447

452

455

471

487

498

528

544

578

603

607

612

597

588

592

597

598

611

607

596

583

560

548

533

516

495

473

452

436

429

431

426

423

0

0

0