NetApp Files 10-Q for Period Ending Oct 25, 2024
Ticker: NTAP · Form: 10-Q · Filed: Nov 25, 2024 · CIK: 1002047
| Field | Detail |
|---|---|
| Company | Netapp, INC. (NTAP) |
| Form Type | 10-Q |
| Filed Date | Nov 25, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
Related Tickers: NTAP
TL;DR
NetApp's 10-Q is in, check financials for Q3 2024.
AI Summary
NetApp, Inc. filed its 10-Q for the period ending October 25, 2024. The company reported its financial results and provided updates on its business operations. Key financial data and segment performance were detailed within the filing.
Why It Matters
This filing provides investors with a detailed look at NetApp's financial health and operational performance during the specified quarter, influencing investment decisions.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 2024-10-25 — Reporting Period End Date (Indicates the end of the fiscal quarter covered by the report.)
- 2024-11-25 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- NetApp, Inc. (company) — Filer of the 10-Q
- 2024-10-25 (date) — End of the reporting period
- 2024-11-25 (date) — Filing date
- San Jose, CA (location) — Company headquarters
FAQ
What is the primary business of NetApp, Inc. as indicated by its SIC code?
NetApp, Inc.'s Standard Industrial Classification (SIC) code is 3572, which corresponds to Computer Storage Devices.
What is the fiscal year end for NetApp, Inc.?
NetApp, Inc.'s fiscal year ends on April 26th.
What is the SEC file number for NetApp, Inc.?
The SEC file number for NetApp, Inc. is 000-27130.
What is the business address of NetApp, Inc.?
The business address of NetApp, Inc. is 3060 Olsen Drive, San Jose, CA 95128.
What is the accession number for this 10-Q filing?
The accession number for this 10-Q filing is 0000950170-24-130551.
Filing Stats: 4,465 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-11-25 16:05:27
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 Par Value NTAP The NASDAQ Stock Mar
Filing Documents
- ntap-20241025.htm (10-Q) — 3082KB
- ntap-ex31_1.htm (EX-31.1) — 12KB
- ntap-ex31_2.htm (EX-31.2) — 12KB
- ntap-ex32_1.htm (EX-32.1) — 7KB
- ntap-ex32_2.htm (EX-32.2) — 7KB
- 0000950170-24-130551.txt ( ) — 13386KB
- ntap-20241025.xsd (EX-101.SCH) — 1531KB
- ntap-20241025_htm.xml (XML) — 3092KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION Item 1 Condensed Consolidated Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Income 4 Condensed Consolidated Statements of Comprehensive Income 5 Condensed Consolidated Statements of Cash Flows 6 Condensed Consolidated Statements of Stockholders' Equity 7 Notes to Condensed Consolidated Financial Statements 9 Item 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 37 Item 4
Controls and Procedures
Controls and Procedures 38
— OTHER INFORMATION
PART II — OTHER INFORMATION Item 1
Legal Proceedings
Legal Proceedings 39 Item 1A
Risk Factors
Risk Factors 39 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 3 Defaults upon Senior Securities 39 Item 4 Mine Safety Disclosures 39 Item 5 Other Information 39 Item 6 Exhibits 40 SIGNATURE 41 TRADEMARKS 2024 NetApp, Inc. All Rights Reserved. No portions of this document may be reproduced without prior written consent of NetApp, Inc. NetApp, the NetApp logo, and the marks listed at http://www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners. 2 P ART I — FINANCIAL INFORMATION I tem 1. Condensed Consolidated Financial Statements (Unaudited) NETAPP, INC. C ONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except par value) (Unaudited) October 25, 2024 April 26, 2024 ASSETS Current assets: Cash and cash equivalents $ 1,478 $ 1,903 Short-term investments 744 1,349 Accounts receivable 873 1,007 Inventories 317 186 Other current assets 527 452 Total current assets 3,939 4,897 Property and equipment, net 593 604 Goodwill 2,759 2,759 Purchased intangible assets, net 96 124 Other non-current assets 1,617 1,503 Total assets $ 9,004 $ 9,887 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 554 $ 517 Accrued expenses 969 1,013 Current portion of long-term debt 749 400 Short-term deferred revenue and financed unearned services revenue 2,045 2,176 Total current liabilities 4,317 4,106 Long-term debt 1,244 1,992 Other long-term liabilities 496 585 Long-term deferred revenue and financed unearned services revenue 2,055 2,058 Total liabilities 8,112 8,741 Commitments and contingencies (Note 14) Stockholders' equity: Common stock and additional paid-in capital, $ 0.001 par value; 203 and 206 shares issued and outstanding as of October 25, 2024 and April 26