SEC Comment Letter 0000000000-23-000745 to NetApp, Inc. (NTAP) (CIK 0001002047) (NTAP)
NetApp, Inc. (NTAP) (CIK 0001002047)
Date: Jan. 23, 2023 · CIK: 0001002047 · Accession: 0000000000-23-000745
AI Filing Summary & Sentiment
Letter
United States securities and exchange commission logo January 23, 2023 Michael Berry Executive Vice President and Chief Financial Officer NetApp, Inc. 3060 Olsen Drive San Jose, CA 95128 Re:NetApp, Inc. Form 10-K for the Fiscal Year Ended April 29, 2022 Form 10-Q for the Quarterly Period Ended October 28, 2022 Dear Michael Berry: We have reviewed your filings and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to the comment, we may have additional comments. Form 10-Q for the quarterly period ended October 28, 2022 14. Segment, Geographic, and Significant Customer Information, page 22 1.Please disclose revenues from external customers for each product and service or each group of similar products and services in accordance with ASC 280-10-50-40. We note disclosure on page 28 and 30 which refers to various product categories including portfolios that include all-flash, hybrid-flash, and object storage systems. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Inessa Kessman, Senior Staff Accountant at 202-551-3371 or Robert Littlepage, Accounting Branch Chief at 202-551-3361 if you have any questions. Sincerely,
FirstName LastNameMichael Berry Comapany NameNetApp, Inc. January 23, 2023 Page 2 FirstName LastName Michael Berry NetApp, Inc. January 23, 2023 Page 2 Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
January 23, 2023
Michael Berry
Executive Vice President and Chief Financial Officer
NetApp, Inc.
3060 Olsen Drive
San Jose, CA 95128
Re:NetApp, Inc.
Form 10-K for the Fiscal Year Ended April 29, 2022
Form 10-Q for the Quarterly Period Ended October 28, 2022
Dear Michael Berry:
We have reviewed your filings and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to the comment, we may have additional comments.
Form 10-Q for the quarterly period ended October 28, 2022
14. Segment, Geographic, and Significant Customer Information, page 22
1.Please disclose revenues from external customers for each product and service or each
group of similar products and services in accordance with ASC 280-10-50-40. We note
disclosure on page 28 and 30 which refers to various product categories including
portfolios that include all-flash, hybrid-flash, and object storage systems.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Inessa Kessman, Senior Staff Accountant at 202-551-3371 or Robert
Littlepage, Accounting Branch Chief at 202-551-3361 if you have any questions.
Sincerely,
FirstName LastNameMichael Berry
Comapany NameNetApp, Inc.
January 23, 2023 Page 2
FirstName LastName
Michael Berry
NetApp, Inc.
January 23, 2023
Page 2
Division of Corporation Finance
Office of Technology