NetApp, Inc. (NTAP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Total Current Assets | 5.78B | 4.93B | 4.65B | 4.69B | 5.85B | 3.91B | 3.94B | 4.32B | 4.9B | 4.33B | 3.99B | 4.16B | 4.68B | 4.54B | 4.6B | 4.92B | 5.95B | 5.51B | 5.67B | 5.63B |
| Cash & Short-Term Investments | 3.58B | 3.02B | 3.01B | 3.32B | 3.85B | 2.26B | 2.22B | 3.02B | 3.25B | 2.92B | 2.62B | 2.98B | 3.07B | 3.14B | 3.03B | 3.44B | 4.13B | 4.2B | 4.55B | 4.55B |
| Cash Only | 3.58B | 1.63B | 2.07B | 2.08B | 2.74B | 1.51B | 1.48B | 1.65B | 1.9B | 1.82B | 1.93B | 2.02B | 2.32B | 2.64B | 2.67B | 3.29B | 4.11B | 4.17B | 4.51B | 4.49B |
| Short-Term Investments | 1.51B | 1.39B | 942M | 1.24B | 1.1B | 750M | 744M | 1.36B | 1.35B | 1.1B | 686M | 955M | 754M | 501M | 364M | 151M | 22M | 31M | 39M | 55M |
| Accounts Receivable | 1.29B | 1.31B | 988M | 787M | 1.25B | 898M | 873M | 679M | 1.01B | 787M | 787M | 653M | 987M | 821M | 910M | 865M | 1.23B | 799M | 647M | 655M |
| Days Sales Outstanding | 60.73 | 61.14 | 47.37 | 56.07 | 59.42 | 49.1 | 42.59 | 47.59 | 51.12 | 44.59 | 41.95 | 50.96 | 53.18 | 51.61 | 48.56 | 59.22 | 55.56 | 40.76 | 37.83 | 49.93 |
| Inventory | 198M | 109M | 127M | 133M | 186M | 268M | 317M | 214M | 186M | 131M | 122M | 131M | 167M | 175M | 244M | 232M | 204M | 167M | 155M | 108M |
| Days Inventory Outstanding | 23.96 | 21.31 | 24.75 | 29.75 | 40.43 | 53.66 | 50.23 | 39.28 | 30.6 | 25.3 | 25.47 | 30.42 | 31.43 | 36.31 | 37.6 | 35.93 | 28.68 | 27.08 | 23.6 | 22.01 |
| Other Current Assets | 708M | 495M | 525M | 443M | 573M | 481M | 527M | 411M | 452M | 492M | 464M | 401M | 456M | 403M | 416M | 386M | 377M | 346M | 319M | 321M |
| Total Non-Current Assets | 4.97B | 5.04B | 4.98B | 4.99B | 4.97B | 5.08B | 5.07B | 4.99B | 4.99B | 5.04B | 5.08B | 5.11B | 5.14B | 5.17B | 5.18B | 4.62B | 4.08B | 3.99B | 3.55B | 3.52B |
| Property, Plant & Equipment | 592M | 807M | 804M | 814M | 804M | 809M | 835M | 835M | 851M | 859M | 883M | 911M | 931M | 956M | 959M | 940M | 896M | 883M | 812M | 792M |
| Fixed Asset Turnover | 2.78x | 2.13x | 2.11x | 1.93x | 2.15x | 2.00x | 1.99x | 1.83x | 1.95x | 1.84x | 1.74x | 1.55x | 1.68x | 1.59x | 1.75x | 1.73x | 1.89x | 1.90x | 1.95x | 2.04x |
| Goodwill | 2.79B | 2.76B | 2.73B | 2.73B | 2.72B | 2.72B | 2.76B | 2.76B | 2.76B | 2.76B | 2.76B | 2.76B | 2.76B | 2.77B | 2.77B | 2.77B | 2.35B | 2.33B | 2.05B | 2.05B |
| Intangible Assets | 22M | 26M | 31M | 37M | 43M | 49M | 96M | 110M | 124M | 138M | 152M | 166M | 181M | 198M | 215M | 232M | 142M | 150M | 87M | 97M |
| Long-Term Investments | 0 | 137M | 94M | 93M | 92M | 0 | 0 | 0 | 85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.58B | 366M | 341M | 329M | 316M | 495M | 409M | 373M | 275M | 337M | 326M | 320M | 319M | 311M | 306M | 306M | 335M | 352M | 355M | 353M |
| Total Assets | 10.74B | 9.97B | 9.63B | 9.68B | 10.82B | 8.99B | 9B | 9.31B | 9.89B | 9.37B | 9.07B | 9.27B | 9.82B | 9.71B | 9.78B | 9.54B | 10.03B | 9.5B | 9.22B | 9.16B |
| Asset Turnover | 0.19x | 0.17x | 0.18x | 0.15x | 0.17x | 0.18x | 0.18x | 0.16x | 0.17x | 0.17x | 0.17x | 0.15x | 0.16x | 0.16x | 0.17x | 0.16x | 0.17x | 0.17x | 0.17x | 0.16x |
| Asset Growth % | -0.73% | 10.92% | 6.95% | 3.95% | 9.47% | -4.06% | -0.76% | 0.44% | 0.7% | -3.51% | -7.23% | -2.87% | -2.07% | 2.21% | 6.05% | 4.24% | 7.12% | 9.37% | 9.52% | 8.79% |
| Total Current Liabilities | 4.02B | 3.59B | 3.47B | 3.57B | 4.66B | 4.2B | 4.32B | 4.51B | 4.11B | 3.77B | 3.73B | 3.25B | 3.47B | 3.39B | 3.4B | 3.58B | 3.95B | 3.55B | 3.19B | 3.1B |
| Accounts Payable | 550M | 413M | 436M | 404M | 511M | 434M | 554M | 437M | 517M | 396M | 411M | 344M | 392M | 432M | 584M | 515M | 607M | 432M | 432M | 368M |
| Days Payables Outstanding | 75.16 | 76.65 | 79.96 | 85.35 | 84.16 | 90.63 | 93.74 | 93.68 | 88.15 | 80.7 | 76 | 75.12 | 75.72 | 88.05 | 86.81 | 92.47 | 80.33 | 72.67 | 71.79 | 78.11 |
| Short-Term Debt | 0 | 41M | 0 | 0 | 750M | 750M | 749M | 1.15B | 400M | 400M | 400M | 0 | 0 | 0 | 0 | 250M | 250M | 250M | 0 | 0 |
| Deferred Revenue (Current) | 2.32B | 2.27B | 2.14B | 2.27B | 2.28B | 2.07B | 2.04B | 2.13B | 2.18B | 2.09B | 2B | 2.13B | 2.22B | 2.13B | 1.99B | 2.09B | 2.17B | 2.06B | 1.97B | 1.99B |
| Other Current Liabilities | 1.15B | 491M | 848M | 854M | 1.08B | 900M | 928M | 754M | 973M | 836M | 878M | 734M | 810M | 787M | 772M | 672M | 878M | 759M | 747M | 694M |
| Current Ratio | 1.44x | 1.37x | 1.34x | 1.31x | 1.26x | 0.93x | 0.91x | 0.96x | 1.19x | 1.15x | 1.07x | 1.28x | 1.35x | 1.34x | 1.36x | 1.38x | 1.50x | 1.55x | 1.77x | 1.81x |
| Quick Ratio | 1.39x | 1.34x | 1.30x | 1.28x | 1.22x | 0.87x | 0.84x | 0.91x | 1.15x | 1.11x | 1.04x | 1.24x | 1.30x | 1.29x | 1.28x | 1.31x | 1.45x | 1.51x | 1.73x | 1.78x |
| Cash Conversion Cycle | 9.53 | 5.8 | -7.84 | 0.48 | 15.69 | 12.14 | -0.92 | -6.81 | -6.42 | -10.81 | -8.59 | 6.26 | 8.88 | -0.13 | -0.65 | 2.68 | 3.91 | -4.82 | -10.36 | -6.18 |
| Total Non-Current Liabilities | 5.37B | 5.22B | 5.17B | 5.13B | 5.12B | 3.8B | 3.79B | 3.87B | 4.63B | 4.61B | 4.57B | 5.15B | 5.19B | 5.21B | 5.18B | 5.31B | 5.24B | 5.07B | 5.27B | 5.33B |
| Long-Term Debt | 2.49B | 2.49B | 2.49B | 2.48B | 2.48B | 1.24B | 1.24B | 1.24B | 1.99B | 1.99B | 1.99B | 2.39B | 2.39B | 2.39B | 2.39B | 2.39B | 2.39B | 2.38B | 2.63B | 2.63B |
| Capital Lease Obligations | 0 | 207M | 211M | 219M | 216M | 215M | 216M | 216M | 220M | 225M | 230M | 238M | 248M | 254M | 261M | 278M | 257M | 269M | 224M | 211M |
| Deferred Tax Liabilities | 0 | 0 | 49M | 48M | 45M | 169M | 161M | 157M | 153M | 152M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 360M | 168M | 127M | 127M | 118M | 119M | 119M | 217M | 212M | 208M | 350M | 465M | 460M | 483M | 476M | 565M | 531M | 506M | 511M | 573M |
| Total Liabilities | 9.39B | 8.81B | 8.64B | 8.7B | 9.78B | 7.99B | 8.11B | 8.38B | 8.74B | 8.38B | 8.3B | 8.4B | 8.66B | 8.61B | 8.58B | 8.89B | 9.19B | 8.62B | 8.46B | 8.44B |
| Total Debt | 2.49B | 2.73B | 2.74B | 2.75B | 3.49B | 2.25B | 2.25B | 2.65B | 2.65B | 2.66B | 2.66B | 2.67B | 2.68B | 2.69B | 2.69B | 2.96B | 2.94B | 2.95B | 2.91B | 2.9B |
| Net Debt | -1.1B | 1.1B | 667M | 660M | 749M | 739M | 772M | 996M | 749M | 836M | 728M | 652M | 368M | 50M | 26M | -323M | -1.17B | -1.22B | -1.6B | -1.59B |
| Debt / Equity | 1.84x | 2.36x | 2.78x | 2.82x | 3.36x | 2.26x | 2.52x | 2.85x | 2.31x | 2.67x | 3.46x | 3.06x | 2.32x | 2.44x | 2.24x | 4.51x | 3.51x | 3.35x | 3.83x | 4.02x |
| Debt / EBITDA | 4.29x | 5.71x | 6.07x | 7.63x | 8.71x | 5.28x | 5.51x | 7.68x | 6.17x | 6.19x | 7.46x | 10.56x | 7.16x | 11.35x | 7.61x | 9.07x | 8.19x | 7.69x | 8.19x | 9.41x |
| Net Debt / EBITDA | -1.89x | 2.31x | 1.48x | 1.83x | 1.87x | 1.73x | 1.89x | 2.89x | 1.74x | 1.95x | 2.04x | 2.58x | 0.98x | 0.21x | 0.07x | -0.99x | -3.26x | -3.17x | -4.51x | -5.18x |
| Interest Coverage | - | 17.65x | 16.12x | 11.48x | 17.86x | 31.83x | 25.00x | 19.69x | 24.75x | 23.47x | 22.00x | 12.63x | 20.63x | 12.06x | 18.94x | 16.00x | 16.11x | 17.11x | 16.56x | 14.17x |
| Total Equity | 1.35B | 1.16B | 986M | 975M | 1.04B | 995M | 892M | 929M | 1.15B | 994M | 770M | 873M | 1.16B | 1.1B | 1.2B | 657M | 838M | 882M | 759M | 720M |
| Equity Growth % | 29.9% | 16.38% | 10.54% | 4.95% | -9.25% | 0.1% | 15.84% | 6.41% | -1.12% | -9.8% | -35.94% | 32.88% | 38.31% | 24.94% | 58.37% | -8.75% | 22.34% | 84.52% | 105.14% | 153.52% |
| Book Value per Share | 6.79 | 5.79 | 4.88 | 4.80 | 5.05 | 4.78 | 4.25 | 4.38 | 5.41 | 4.71 | 3.65 | 4.04 | 5.34 | 5.03 | 5.46 | 2.93 | 3.68 | 3.85 | 3.31 | 3.14 |
| Total Shareholders' Equity | 1.35B | 1.16B | 986M | 975M | 1.04B | 995M | 892M | 929M | 1.15B | 994M | 770M | 873M | 1.16B | 1.1B | 1.2B | 657M | 838M | 882M | 759M | 720M |
| Common Stock | 1.21B | 1.15B | 1.04B | 1.01B | 1.11B | 1.06B | 947M | 988M | 997M | 934M | 825M | 921M | 945M | 889M | 765M | 705M | 760M | 709M | 603M | 550M |
| Retained Earnings | 0 | 40M | 0 | 0 | 0 | 0 | 0 | 0 | 208M | 115M | 0 | 0 | 265M | 268M | 499M | 0 | 122M | 214M | 194M | 204M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -11M | -29M | -50M | -40M | -66M | -65M | -55M | -59M | -59M | -55M | -55M | -48M | -51M | -55M | -62M | -48M | -44M | -41M | -38M | -34M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |