NetApp, Inc. (NTAP)

NetApp Income Statement

Financials in millions USD. Fiscal year is May - April.

Year	2024	2023	2022	2021	2020
Revenue	6,268	6,362	6,318	5,744	5,412
Revenue Growth (YoY)	-1.48%	0.70%	9.99%	6.13%	-11.94%
Cost of Revenue	1,835	2,153	2,098	1,929	1,789
Gross Profit	4,433	4,209	4,220	3,815	3,623
Selling, General & Admin	2,136	2,094	2,136	2,001	1,848
Research & Development	1,029	956	881	881	847
Other Operating Expenses	54	141	46	-98	-17
Operating Expenses	3,219	3,191	3,063	2,784	2,678
Operating Income	1,214	1,018	1,157	1,031	945
Other Expense / Income	-49	-48	62	69	1
Pretax Income	1,263	1,066	1,095	962	944
Income Tax	277	-208	158	232	125
Net Income	986	1,274	937	730	819
Net Income Growth	-22.61%	35.97%	28.36%	-10.87%	-29.94%
Shares Outstanding (Basic)	208	217	223	222	230
Shares Outstanding (Diluted)	213	220	229	226	233
Shares Change	-3.18%	-3.93%	1.33%	-3.00%	-10.04%
EPS (Basic)	4.74	5.87	4.20	3.29	3.56
EPS (Diluted)	4.63	5.79	4.09	3.23	3.52
EPS Growth	-20.03%	41.56%	26.63%	-8.24%	-21.95%
Free Cash Flow	1,530	868	985	1,542	1,032
Free Cash Flow Per Share	7.36	4.00	4.42	6.95	4.49
Dividend Per Share	2.000	2.000	2.000	1.920	1.920
Dividend Growth	0%	0%	4.17%	0%	20.00%
Gross Margin	70.72%	66.16%	66.79%	66.42%	66.94%
Operating Margin	19.37%	16.00%	18.31%	17.95%	17.46%
Profit Margin	15.73%	20.03%	14.83%	12.71%	15.13%
Free Cash Flow Margin	24.41%	13.64%	15.59%	26.85%	19.07%
Effective Tax Rate	21.93%	-19.51%	14.43%	24.12%	13.24%
EBITDA	1,563	1,366	1,344	1,221	1,188
EBITDA Margin	24.94%	21.47%	21.27%	21.26%	21.95%
Depreciation & Amortization	300	300	249	259	244
EBIT	1,263	1,066	1,095	962	944
EBIT Margin	20.15%	16.76%	17.33%	16.75%	17.44%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).