Income StatementBalance SheetCash FlowSegments
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NetApp Cash Flow Statement

Operating, investing, and financing cash movements

NetApp generated $1.8B in operating cash flow over the trailing twelve months. After $183.0M in capital expenditures, free cash flow was $1.6B. Free cash flow increased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$1.8BNet Cash From Investing (TTM)-$221.0MNet Cash From Financing (TTM)-$1.9BCapital Expenditures (TTM)$183.0MDepreciation And Amortization Cf (TTM)$204.0MNet Change In Cash (TTM)$117.0M
Latest FilingQ1 2026
Report Date2026-02-26
Market Cap$23.8B
P/E Ratio19.64
ROE112.59%

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Borrowings, Net of Issuance Costs$310.0M$310.0M$310.0M———
Repayments of debt$399.0M$0.0-$403.0M$0.0$750.0M—
Dividends paid$106.0M$106.0M$105.0M$104.0M$103.0M$103.0M
Proceeds from Debt Financing, Net of Issuance Costs$310.0M$310.0M$310.0M———
Net cash from financing activities-$842.0M-$289.0M—-$1.2B-$383.0M-$279.0M
Proceeds from issuance of common stock—$53.0M—$54.0M—$49.0M
Repurchases of common stock$300.0M$200.0M$250.0M$300.0M$250.0M$200.0M
Taxes paid for net share settlement$35.0M$36.0M$31.0M$57.0M$30.0M$25.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$45.0M$47.0M$35.0M$53.0M$49.0M$46.0M
Net cash from investing activities$564.0M——-$181.0M$249.0M-$483.0M
Other investing activities-$2.0M-$1.0M-$67.0M-$15.0M——
Proceeds from maturities/sales of investments$1.0B$399.0M$149.0M$598.0M$742.0M$641.0M
Purchases of investments$402.0M$406.0M$494.0M$741.0M$444.0M$1.1B

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$113.0M-$113.0M—-$107.0M—-$25.0M
Change in accounts receivable——$323.0M-$466.0M—$324.0M
Change in accrued liabilities$137.0M-$10.0M$156.0M-$240.0M-$37.0M—
Change in deferred revenue-$72.0M$72.0M$300.0M-$48.0M-$59.0M$173.0M
Change in income taxes payable/receivable-$95.0M$0.0-$123.0M$2.0M$1.0M—
Change in inventories$103.0M——-$54.0M-$6.0M-$17.0M
Change in other assets$156.0M—$19.0M-$110.0M$118.0M$46.0M
Change in other liabilities——$1.0M$3.0M-$3.0M-$9.0M
Other working capital changes$54.0M-$60.0M$25.0M$46.0M$29.0M—
Deferred income taxes-$52.0M-$41.0M—$9.0M$10.0M$29.0M
Depreciation and amortization$63.0M$64.0M$53.0M$51.0M$52.0M$48.0M
Net cash from operating activities$105.0M$385.0M$675.0M$673.0M$127.0M$317.0M
Net income$299.0M$299.0M$340.0M$233.0M$305.0M$334.0M
Non Cash Operating Lease Cost$11.0M$10.0M$10.0M$11.0M$10.0M$11.0M
Stock-based compensation$103.0M$103.0M$95.0M$83.0M$102.0M$97.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$60.0M$338.0M$640.0M$620.0M$78.0M$271.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash$1.0M-$12.0M$18.0M$7.0M—$1.0M
Net increase (decrease) in cash-$172.0M$31.0M$1.2B-$658.0M-$12.0M-$444.0M