NetApp's Income Statement Analysis: Revenue to Profit Breakdown
NetApp's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Apr 30, 2021
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FY22
Apr 30, 2022
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FY23
Apr 30, 2023
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FY24
Apr 30, 2024
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FY25
Apr 30, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$5.74 B | $6.32 B | $6.36 B | $6.27 B | $6.57 B | $6.71 B |
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Cost of Revenue Direct cost of goods/services. |
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$1.93 B | $2.10 B | $2.15 B | $1.84 B | $1.96 B | $1.98 B |
Gross Profit Revenue minus cost of revenue. |
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$3.82 B | $4.22 B | $4.21 B | $4.43 B | $4.61 B | $4.73 B |
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Operating Expense
Costs to run business. |
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$2.78 B | $3.06 B | $3.19 B | $3.22 B | $3.28 B | $3.24 B |
Research and Development Investment in innovation. |
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$881.00 M | $881.00 M | $956.00 M | $1.03 B | $1.01 B | $986.00 M |
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Sales, General and Administrative
Selling and admin costs. |
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$2.00 B | $2.14 B | $2.09 B | $2.14 B | $2.18 B | $2.18 B |
General and Administrative Corporate overhead costs. |
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$257.00 M | $279.00 M | $265.00 M | $308.00 M | $311.00 M | $344.00 M |
Sales and Marketing Customer acquisition costs. |
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$1.74 B | $1.86 B | $1.83 B | $1.83 B | $1.87 B | $1.84 B |
Other Expenses Other operating costs. |
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-$98.00 M | $46.00 M | $141.00 M | $54.00 M | $88.00 M | $71.00 M |
Operating Income Profit from operations. |
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$1.03 B | $1.16 B | $1.02 B | $1.21 B | $1.34 B | $1.49 B |
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Net Interest Income
Interest income minus expense. |
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-$65.00 M | -$66.00 M | $2.00 M | $48.00 M | $48.00 M | $15.00 M |
Interest Income Income from investments. |
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$9.00 M | $7.00 M | $69.00 M | $112.00 M | $112.00 M | $117.00 M |
Interest Expense Cost of borrowing. |
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$74.00 M | $73.00 M | $67.00 M | $64.00 M | $64.00 M | $102.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$5.00 M | -$11.00 M | -$115.00 M | -$113.00 M | -$110.00 M | -$99.00 M |
Total Other Income (Net) Net non-operating items. |
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-$69.00 M | -$62.00 M | $48.00 M | $49.00 M | $46.00 M | -$3.00 M |
Income Before Tax Profit before taxes. |
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$962.00 M | $1.10 B | $1.07 B | $1.26 B | $1.38 B | $1.48 B |
Income Tax Expense Taxes on income. |
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$232.00 M | $158.00 M | -$208.00 M | $277.00 M | $197.00 M | $272.00 M |
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Net Income
Final profit. |
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$730.00 M | $937.00 M | $1.27 B | $986.00 M | $1.19 B | $1.21 B |
Net Income From Continuing Operations Profit from core business. |
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$730.00 M | $937.00 M | $1.27 B | $986.00 M | $1.19 B | $1.21 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$3.29 | $4.20 | $5.87 | $4.74 | $5.81 | $6.05 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$3.23 | $4.09 | $5.79 | $4.63 | $5.67 | $5.98 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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222.00 M | 223.00 M | 217.00 M | 208.00 M | 204.00 M | 198.00 M |
Diluted Average Shares Outst. Shares including dilution. |
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226.00 M | 229.00 M | 220.00 M | 213.00 M | 209.00 M | 200.00 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$1.04 B | $1.17 B | $1.13 B | $1.33 B | $1.45 B | $1.59 B |
EBITDA Earnings before interest, tax, D&A. |
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$1.30 B | $1.36 B | $1.43 B | $1.58 B | $1.69 B | $1.79 B |
Depreciation and Amortization Non-cash expense for assets. |
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$259.00 M | $194.00 M | $301.00 M | $255.00 M | $243.00 M | $204.00 M |
| Company Report |
NetApp's Assets vs Liabilities & Equity
NetApp's Assets vs Liabilities & Equity
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