NetApp, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.28B | $1.19B | $986.0M | $1.27B | $937.0M | $730.0M | $819.0M | $1.17B |
| Depreciation & Amortization | $179.0M | $196.0M | $198.0M | $181.0M | $148.0M | $158.0M | $154.0M | $150.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $21.0M | $47.0M | $57.0M | $68.0M | $46.0M | $49.0M | $39.0M | $46.0M |
| Stock-Based Compensation | $382.0M | $386.0M | $357.0M | $312.0M | $245.0M | $197.0M | $153.0M | $158.0M |
| Net Cash from Operating Activities | $2.07B | $1.51B | $1.69B | $1.11B | $1.21B | $1.33B | $1.06B | $1.34B |
| Investing Activities | ||||||||
| Capital Expenditures | $198.0M | $168.0M | $155.0M | $239.0M | $226.0M | $162.0M | $124.0M | $173.0M |
| Business Acquisitions | — | $0 | $0 | $491.0M | $380.0M | $350.0M | $73.0M | $3.0M |
| Net Cash from Investing Activities | $-595.0M | $147.0M | $-735.0M | $-1.39B | $-561.0M | $21.0M | $1.27B | $704.0M |
| Financing Activities | ||||||||
| Dividends Paid | $413.0M | $424.0M | $416.0M | $432.0M | $446.0M | $427.0M | $439.0M | $403.0M |
| Stock Repurchases | $950.0M | $1.15B | $900.0M | $850.0M | $600.0M | $125.0M | $1.41B | $2.11B |
| Net Cash from Financing Activities | $-2.15B | $-828.0M | $-1.34B | $-1.51B | $-1.02B | $444.0M | $-1.96B | $-2.63B |
| Net Change in Cash | $-674.0M | $840.0M | $-413.0M | $-1.80B | $-416.0M | $1.87B | $335.0M | $-616.0M |
| Free Cash Flow | $1.87B | $1.34B | $1.53B | $868.0M | $985.0M | $1.17B | $936.0M | $1.17B |