NetApp Historical Income Statement

NTAP Stock

USD 123.45 1.25 1.02%

Historical analysis of NetApp income statement accounts such as Gross Profit of 2.5 B can show how well NetApp Inc performed in making a profits. Evaluating NetApp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of NetApp's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining NetApp Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether NetApp Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

About NetApp Income Statement Analysis

NetApp Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to NetApp shareholders. The income statement also shows NetApp investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

NetApp Income Statement Chart

At this time, NetApp's Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 11/21/2024, Non Recurring is likely to grow to about 170.3 M, while Total Revenue is likely to drop slightly above 4 B.

Depreciation And Amortization Total Revenue Gross Profit Other Operating Expenses Operating Income Net Income Applicable To Common Shares

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Revenue

Total revenue comprises all receipts NetApp Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of NetApp Inc minus its cost of goods sold. It is profit before NetApp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of NetApp Inc. It is also known as NetApp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from NetApp Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of NetApp Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

Most accounts from NetApp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into NetApp Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

	2021	2022	2023	2024 (projected)
Gross Profit	4.2B	4.2B	4.4B	2.5B
Total Revenue	6.3B	6.4B	6.3B	4.0B

Gross Profit Total Revenue

NetApp income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.44	0.86	0.8	0.9	0.21	0.33	0.85	0.49	0.89	0.89	0.18	-0.25	0.27	-0.13	0.79	0.91	-0.04	0.23	-0.1	-0.17	-0.17	-0.1	0.23	-0.06
Interest Expense	0.44		0.46	0.48	0.41	0.33	0.38	0.46	0.43	0.38	0.43	0.33	0.14	0.54	-0.29	0.32	0.41	0.47	0.27	0.07	-0.34	-0.05	0.13	0.28	-0.08
Total Revenue	0.86	0.46		0.98	0.99	0.56	0.56	0.97	0.67	0.95	0.99	0.53	0.01	0.45	0.1	0.96	0.98	0.08	0.18	-0.17	0.02	-0.08	0.08	-0.08	-0.01
Gross Profit	0.8	0.48	0.98		0.95	0.64	0.65	0.98	0.73	0.88	0.97	0.61	0.02	0.53	0.1	0.94	0.94	0.2	0.26	-0.22	0.01	-0.07	0.13	-0.07	0.09
Other Operating Expenses	0.9	0.41	0.99	0.95		0.45	0.47	0.96	0.59	0.98	0.99	0.42	-0.03	0.34	0.09	0.95	0.99	-0.04	0.14	-0.15	0.02	-0.1	0.03	-0.05	-0.06
Operating Income	0.21	0.33	0.56	0.64	0.45		0.92	0.53	0.88	0.38	0.5	0.99	0.4	0.73	0.34	0.54	0.52	0.44	0.46	-0.13	0.19	0.24	0.33	-0.17	0.41
Ebit	0.33	0.38	0.56	0.65	0.47	0.92		0.58	0.98	0.37	0.53	0.92	0.1	0.88	0.02	0.55	0.55	0.59	0.62	-0.11	-0.14	0.25	0.29	0.09	0.53
Research Development	0.85	0.46	0.97	0.98	0.96	0.53	0.58		0.68	0.88	0.99	0.51	-0.07	0.47	0.03	0.96	0.96	0.13	0.29	-0.22	-0.05	-0.07	0.11	0.03	0.11
Ebitda	0.49	0.43	0.67	0.73	0.59	0.88	0.98	0.68		0.51	0.64	0.87	0.04	0.86	0.0	0.65	0.68	0.52	0.63	-0.11	-0.16	0.22	0.24	0.14	0.48
Cost Of Revenue	0.89	0.38	0.95	0.88	0.98	0.38	0.37	0.88	0.51		0.94	0.35	-0.01	0.26	0.1	0.9	0.95	-0.11	0.03	-0.06	0.05	-0.09	-0.01	-0.09	-0.18
Total Operating Expenses	0.89	0.43	0.99	0.97	0.99	0.5	0.53	0.99	0.64	0.94		0.47	-0.05	0.4	0.09	0.97	0.99	0.03	0.22	-0.21	0.0	-0.1	0.05	-0.02	0.03
Income Before Tax	0.18	0.33	0.53	0.61	0.42	0.99	0.92	0.51	0.87	0.35	0.47		0.45	0.73	0.35	0.52	0.48	0.44	0.5	-0.05	0.2	0.33	0.41	-0.12	0.45
Total Other Income Expense Net	-0.25	0.14	0.01	0.02	-0.03	0.4	0.1	-0.07	0.04	-0.01	-0.05	0.45		-0.07	0.69	0.01	-0.05	-0.13	0.05	0.46	0.68	0.58	0.67	-0.11	0.18
Net Income	0.27	0.54	0.45	0.53	0.34	0.73	0.88	0.47	0.86	0.26	0.4	0.73	-0.07		-0.39	0.37	0.4	0.86	0.52	-0.05	-0.52	0.17	0.23	0.14	0.34
Income Tax Expense	-0.13	-0.29	0.1	0.1	0.09	0.34	0.02	0.03	0.0	0.1	0.09	0.35	0.69	-0.39		0.19	0.1	-0.59	-0.05	0.0	0.98	0.2	0.24	-0.35	0.14
Selling General Administrative	0.79	0.32	0.96	0.94	0.95	0.54	0.55	0.96	0.65	0.9	0.97	0.52	0.01	0.37	0.19		0.95	-0.04	0.27	-0.18	0.08	0.03	0.15	-0.05	0.11
Selling And Marketing Expenses	0.91	0.41	0.98	0.94	0.99	0.52	0.55	0.96	0.68	0.95	0.99	0.48	-0.05	0.4	0.1	0.95		-0.01	0.25	-0.19	0.01	-0.07	0.02	0.01	0.04
Net Income From Continuing Ops	-0.04	0.47	0.08	0.2	-0.04	0.44	0.59	0.13	0.52	-0.11	0.03	0.44	-0.13	0.86	-0.59	-0.04	-0.01		0.34	0.0	-0.64	0.09	0.2	0.15	0.25
Non Recurring	0.23	0.27	0.18	0.26	0.14	0.46	0.62	0.29	0.63	0.03	0.22	0.5	0.05	0.52	-0.05	0.27	0.25	0.34		0.09	-0.19	0.45	0.4	0.63	0.67
Non Operating Income Net Other	-0.1	0.07	-0.17	-0.22	-0.15	-0.13	-0.11	-0.22	-0.11	-0.06	-0.21	-0.05	0.46	-0.05	0.0	-0.18	-0.19	0.0	0.09		0.04	0.79	0.7	0.49	0.23
Tax Provision	-0.17	-0.34	0.02	0.01	0.02	0.19	-0.14	-0.05	-0.16	0.05	0.0	0.2	0.68	-0.52	0.98	0.08	0.01	-0.64	-0.19	0.04		0.15	0.21	-0.36	0.06
Net Interest Income	-0.17	-0.05	-0.08	-0.07	-0.1	0.24	0.25	-0.07	0.22	-0.09	-0.1	0.33	0.58	0.17	0.2	0.03	-0.07	0.09	0.45	0.79	0.15		0.9	0.45	0.62
Interest Income	-0.1	0.13	0.08	0.13	0.03	0.33	0.29	0.11	0.24	-0.01	0.05	0.41	0.67	0.23	0.24	0.15	0.02	0.2	0.4	0.7	0.21	0.9		0.39	0.6
Reconciled Depreciation	0.23	0.28	-0.08	-0.07	-0.05	-0.17	0.09	0.03	0.14	-0.09	-0.02	-0.12	-0.11	0.14	-0.35	-0.05	0.01	0.15	0.63	0.49	-0.36	0.45	0.39		0.56
Extraordinary Items	-0.06	-0.08	-0.01	0.09	-0.06	0.41	0.53	0.11	0.48	-0.18	0.03	0.45	0.18	0.34	0.14	0.11	0.04	0.25	0.67	0.23	0.06	0.62	0.6	0.56

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NetApp Account Relationship Matchups

NetApp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	159M	259M	249M	301M	255M	173.1M
Interest Expense	55M	74M	73M	234M	64M	44.1M
Total Revenue	5.4B	5.7B	6.3B	6.4B	6.3B	4.0B
Gross Profit	3.6B	3.8B	4.2B	4.2B	4.4B	2.5B
Other Operating Expenses	4.5B	4.8B	5.1B	5.2B	5B	3.4B
Operating Income	945M	1.0B	1.2B	1.0B	1.2B	1.3B
Ebit	945M	1.0B	1.1B	1.1B	1.3B	1.4B
Research Development	827M	847M	881M	956M	1.0B	567.2M
Ebitda	1.1B	1.3B	1.4B	1.4B	1.6B	1.7B
Cost Of Revenue	1.8B	1.9B	2.1B	2.2B	1.8B	1.5B
Total Operating Expenses	2.7B	2.9B	3.0B	3.1B	3.2B	2.0B
Income Before Tax	944M	962M	1.1B	1.1B	1.3B	1.3B
Total Other Income Expense Net	(1M)	(69M)	(62M)	48M	49M	51.5M
Net Income	819M	730M	937M	1.3B	986M	1.0B
Income Tax Expense	125M	232M	158M	(208M)	277M	290.9M
Selling General Administrative	263M	257M	279M	265M	308M	220.0M
Net Income Applicable To Common Shares	819M	730M	937M	1.3B	1.5B	1.5B
Selling And Marketing Expenses	1.6B	1.7B	1.9B	1.8B	1.8B	1.5B
Net Income From Continuing Ops	819M	730M	937M	1.3B	986M	762.9M
Non Recurring	21M	58M	46M	141M	162.2M	170.3M
Non Operating Income Net Other	(1M)	(69M)	(62M)	48M	43.2M	45.4M
Tax Provision	125M	232M	158M	(208M)	277M	175.8M
Net Interest Income	(7M)	(65M)	(66M)	2M	48M	50.4M
Interest Income	48M	9M	7M	69M	112M	62.7M
Reconciled Depreciation	193M	207M	194M	248M	255M	236.2M

Pair Trading with NetApp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NetApp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NetApp will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to NetApp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NetApp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back NetApp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling NetApp Inc to buy it.

The correlation of NetApp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NetApp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NetApp Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for NetApp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for NetApp Stock Analysis

When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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NetApp Historical Income Statement

About NetApp Income Statement Analysis

NetApp Income Statement Chart

Depreciation And Amortization

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Net Income Applicable To Common Shares

NetApp income statement Correlations

NetApp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NetApp income statement Accounts

Pair Trading with NetApp

Additional Tools for NetApp Stock Analysis

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Other Operating Expenses	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.99	Total Revenue
Total Operating Expenses	+ 0.99	Other Operating Expenses
Selling And Marketing Expenses	+ 0.99	Other Operating Expenses
Income Before Tax	+ 0.99	Operating Income
Total Operating Expenses	+ 0.99	Research Development

Tax Provision	- 0.64	Net Income From Continuing Ops
Net Income From Continuing Ops	- 0.59	Income Tax Expense
Tax Provision	- 0.52	Net Income
Income Tax Expense	- 0.39	Net Income
Reconciled Depreciation	- 0.36	Tax Provision
Reconciled Depreciation	- 0.35	Income Tax Expense