NetScout Systems (NTCT) Cash Flow: Operating & Free Cash Flow

NetScout Systems Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for NetScout Systems, Inc. (NTCT) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Operating Activities
Net Income	95.53	-366.92	-147.73	59.65	35.87	19.35	-2.75	-73.32	79.81	33.29
Depreciation & Amortization	56.53	63.79	74.99	85.92	95.78	105.83	116.10	137.88	153.50	160.86
Deferred Income Tax	-28.13	-37.57	-45.95	-54.03	-12.68	-23.80	-9.82	-33.44	-127.78	-11.01
Stock Based Compensation	59.95	64.79	70.80	61.99	56.07	51.89	50.86	56.33	47.32	39.19
Change in Working Capital	99.79	55.47	-111.92	-8.90	110.92	50.61	59.50	17.16	68.95	5.16
Change in Accounts Receivable	12.45	28.66	-48.38	4.90	49.32	16.88	21.47	-22.18	84.95	-48.08
Change in Inventory	-2.19	0.13	0.61	9.01	-8.00	-2.04	1.50	5.32	1.01	12.46
Change in Accounts Payable	4.72	3.24	-5.48	-5.38	4.21	-1.73	-4.29	-3.88	-8.93	0.41
Change in Other Working Capital	-0.68	23.44	10.53	10.60	-25.06	1.18	40.82	37.90	-8.08	40.38
Other Operating Activities	-17.27	438.12	10.53	10.60	-2.64	-13.76	11.13	45.24	0.65	0.31
Net Cash from Operating Activities	294.54	217.67	58.81	156.65	296.01	213.92	225.02	149.84	222.45	227.81
Investing Activities
Capital Expenditures	-9.11	-6.70	-6.36	-10.65	-10.35	-11.99	-19.92	-23.53	-16.59	-32.15
Acquisitions	0.00	0.00	7.77	0.00	0.00	0.00	-11.30	-3.29	-8.33	8.26
Purchases of Investments	-163.37	-45.06	-52.77	-114.51	-78.37	-15.67	-117.38	-229.77	-114.18	-199.84
Sales/Maturities of Investments	79.65	44.76	64.73	140.46	20.57	56.81	144.32	230.43	196.04	181.32
Other Investing Activities	11.77	-1.29	-0.02	-0.16	-0.16	0.09	-0.03	-0.10	0.19	0.13
Net Cash from Investing Activities	-92.83	-7.00	13.36	15.30	-68.35	24.70	-4.31	-26.25	57.13	-42.28
Financing Activities
Debt Repayment	0.00	-100.00	0.00	-250.00	-3.66	-100.00	-100.00	-50.00	294.62	0.00
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-76.69	-25.26	-50.00	-150.04	-51.34	-16.56	-175.00	-14.47	-501.32	-89.56
Other Financing Activities	-15.89	-16.75	-19.36	-19.39	-2.82	-1.75	-11.87	-14.82	-14.26	-10.60
Net Cash from Financing Activities	-76.69	-142.01	-69.35	-419.43	-54.17	-118.31	-286.87	-79.29	-220.96	-90.60
Summary
Effect of Forex Changes on Cash	4.07	-0.92	0.06	-1.89	-4.51	6.63	-3.43	-5.21	6.39	-0.76
Net Change in Cash	129.08	67.74	2.88	-249.37	168.99	126.94	-69.58	39.09	65.01	94.17
Cash at Beginning of Period	457.42	389.67	386.79	636.16	467.18	340.24	409.82	370.73	305.73	210.71
Cash at End of Period	586.50	457.42	389.67	386.79	636.16	467.18	340.24	409.82	370.73	304.88
Free Cash Flow	285.43	210.97	52.45	146.01	285.66	201.94	205.10	126.31	205.86	195.66
Supplemental Disclosures
Interest Paid	-	4.19	6.43	8.06	4.96	7.69	-	-	-	-
Income Taxes Paid	-	41.80	62.32	55.92	31.70	11.47	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About NetScout Systems Cash Flow

What is NetScout Systems's free cash flow?

NetScout Systems generated free cash flow of $285.43M in fiscal 2026 (fiscal year ended Mar 31, 2026), operating cash flow of $294.54M minus $9.11M of capital expenditures. That was up 35.3% from $210.97M a year earlier. Free cash flow equaled 33.2% of revenue.

How much does NetScout Systems spend on capital expenditures?

NetScout Systems spent $9.11M on capital expenditures in fiscal 2026, compared with $6.70M a year earlier. That equals 3.1% of operating cash flow.

Does NetScout Systems pay dividends or buy back shares?

Yes. In fiscal 2026 NetScout Systems returned $76.69M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition