CAVIUM, INC.

Unaudited GAAP Condensed Consolidated Balance Sheets

(in thousands)

As of

September 30, 2016

June 30, 2016

Assets

Current assets

Cash and cash equivalents

$

192,378

$

140,419

Accounts receivable, net

144,902

82,137

Inventories

118,936

52,702

Prepaid expenses and other current assets

20,556

10,109

Asset held for sale

38,511

-

Total current assets

515,283

285,367

Property and equipment, net

122,114

64,917

Intangible assets, net

790,368

36,698

Goodwill

319,021

71,478

Other assets

3,922

1,822

Total assets

$

1,750,708

$

460,282

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$

55,009

$

30,024

Other accrued expenses and other current liabilities

43,163

16,447

Deferred revenue

9,399

7,856

Current portion of long-term debt

53,774

-

Capital lease and technology license obligations

27,747

17,380

Total current liabilities

189,092

71,707

Long-term debt

676,372

-

Capital lease and technology license obligations, net of current

11,780

4,182

Deferred tax liability

17,270

3,923

Other non-current liabilities

18,266

4,140

Total liabilities

912,780

83,952

Stockholders' equity

Common stock

66

58

Additional paid-in capital

1,052,840

576,927

Accumulated deficit

(215,021)

(200,655)

Accumulated other comprehensive loss

43

-

Total stockholders' equity

837,928

376,330

Total liabilities and stockholders' equity

$

1,750,708

$

460,282