NetApp (NTAP) FY2022 results: revenue $6.3 billion, up 10.0% on the year
NetApp, Inc. (NTAP) reported revenue of $6.3 billion for fiscal 2022, the year ended 29 April 2022, up 10.0% on the year before. Net income was $937 million, up 28.4%, and diluted earnings per share $4.09. The figures are the company's own, from the 10-K it filed with the SEC on 16 June 2022.
Revenue
$6.3 billion
+10.0% on the year
FY2015FY2022
Operating margin
18.3%
17.9% a year earlier
FY2015FY2022
Net income
$937 million
+28.4% on the year
FY2015FY2022
Diluted EPS
$4.09
+26.6% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,211
1,333
1,060
-9.2%
Capital expenditure
226
162
124
+39.5%
Free cash flow
985
1,171
936
-15.9%
Free cash flow margin
15.6%
20.4%
17.3%
Cash from investing
-561
21.0
1,269
Cash from financing
-1,017
444
-1,960
Depreciation and amortisation
148
207
154
-28.5%
Share-based compensation
245
197
153
+24.4%
Buybacks
600
125
1,411
+380.0%
Dividends paid
446
427
439
+4.4%
Dividend per share
$2.00
$1.92
$1.92
+4.2%
Diluted shares, weighted
229m
226m
233m
+1.3%
Shares outstanding at period end
220m
222m
219m
-0.9%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
838
685
242
+22.3%
Debt
2,636
2,632
1,668
+0.2%
Operating lease liabilities
257
71.0
93.0
+262.0%
Other liabilities
6,295
5,972
5,519
+5.4%
Total liabilities and equity
10,026
9,360
7,522
+7.1%
Fixed assets
602
525
727
+14.7%
Goodwill
2,346
2,039
1,778
+15.1%
Intangible assets
142
101
44.0
+40.6%
Investments
22.0
67.0
224
-67.2%
Cash and equivalents
4,112
4,529
2,658
-9.2%
Receivables
1,230
945
973
+30.2%
Inventory
204
114
145
+78.9%
Other assets
1,368
1,040
973
+31.5%
Total assets
10,026
9,360
7,522
+7.1%
10-K for the year ended 29 April 2022, filed 16 June 2022: the filing.