Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

May 2,

January 31,

Assets

2015

2015

Current assets:

Cash, cash equivalents and short-term investments

$ 2,500,915

$  2,529,555

Accounts receivable, net

393,814

420,955

Inventories

339,859

308,162

Prepaid expenses and other current assets

91,151

85,368

Total current assets

3,325,739

3,344,040

Property and equipment, net

325,754

340,639

Long-term investments

10,111

10,226

Goodwill and acquired intangible assets, net

2,057,590

2,060,643

Other non-current assets

122,855

128,839

Total assets

$ 5,842,049

$  5,884,387

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$    297,050

$     282,899

Accrued liabilities

258,345

286,357

Deferred income

61,093

68,120

Total current liabilities

616,488

637,376

Other non-current liabilities

94,289

100,922

Total liabilities

710,777

738,298

Shareholders' equity:

Common stock

1,036

1,030

Additional paid-in capital

3,101,773

3,099,548

Accumulated other comprehensive income

80

308

Retained earnings

2,028,383

2,045,203

Total shareholders' equity

5,131,272

5,146,089

Total liabilities and shareholders' equity

$  5,884,387