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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
(Mark One)
☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the quarterly period ended July 27, 2018
or
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission File Number 000-27130
NetApp, Inc.
(Exact name of registrant as specified in its charter)
Delaware |
| 77-0307520 |
(State or other jurisdiction of |
| (I.R.S. Employer |
incorporation or organization) |
| Identification No.) |
1395 Crossman Avenue,
Sunnyvale, California 94089
(Address of principal executive offices, including zip code)
(408) 822-6000
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer |
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| Accelerated filer |
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Non-accelerated filer |
| ☐ | (Do not check if a smaller reporting company) | Smaller reporting company |
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Emerging growth company |
| ☐ |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
As of August 15, 2018, there were 259,268,252 shares of the registrant's common stock, $0.001 par value, outstanding.
TABLE OF CONTENTS
PART I - FINANCIAL INFORMATION | ||||
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Item 1 |
| Condensed Consolidated Financial Statements (Unaudited) |
| 3 |
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| Condensed Consolidated Balance Sheets as of July 27, 2018 and April 27, 2018 |
| 3 |
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| Condensed Consolidated Statements of Operations for the Three Months Ended July 27, 2018 and July 28, 2017 |
| 4 |
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| Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended July 27, 2018 and July 28, 2017 |
| 5 |
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| Condensed Consolidated Statements of Cash Flows for the Three Months Ended July 27, 2018 and July 28, 2017 |
| 6 |
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| Notes to Condensed Consolidated Financial Statements |
| 7 |
Item 2 |
| Management's Discussion and Analysis of Financial Condition and Results of Operations |
| 26 |
Item 3 |
| Quantitative and Qualitative Disclosures About Market Risk |
| 39 |
Item 4 |
| Controls and Procedures |
| 40 |
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PART II - OTHER INFORMATION |
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Item 1 |
| Legal Proceedings |
| 41 |
Item 1A |
| Risk Factors |
| 41 |
Item 2 |
| Unregistered Sales of Equity Securities and Use of Proceeds |
| 51 |
Item 3 |
| Defaults upon Senior Securities |
| 52 |
Item 4 |
| Mine Safety Disclosures |
| 52 |
Item 5 |
| Other Information |
| 52 |
Item 6 |
| Exhibits |
| 53 |
SIGNATURE |
| 54 | ||
TRADEMARKS
© 2018 NetApp, Inc. All Rights Reserved. No portions of this document may be reproduced without prior written consent of NetApp, Inc. NetApp, the NetApp logo, and the marks listed at http://www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.
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