CAVIUM, INC.

Unaudited GAAP Condensed Consolidated Balance Sheets

(in thousands)

As of

September 30, 2017

June 30, 2017

Assets

Current assets

Cash and cash equivalents

$

152,654

$

127,061

Accounts receivable, net

186,447

173,754

Inventories

94,879

94,116

Prepaid expenses and other current assets

23,510

21,669

Total current assets

457,490

416,600

Property and equipment, net

169,747

157,542

Intangible assets, net

692,994

714,636

Goodwill

237,692

241,067

Other assets

5,757

5,286

Total assets

$

1,563,680

$

1,535,131

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$

74,207

$

72,494

Accrued expenses and other current liabilities

44,898

49,825

Deferred revenue

9,501

8,990

Current portion of long-term debt

3,270

3,256

Capital lease and technology license obligations

27,803

19,195

Total current liabilities

159,679

153,760

Long-term debt

593,770

594,590

Capital lease and technology license obligations, net of current

15,025

20,563

Deferred tax liability

16,824

16,972

Other non-current liabilities

25,436

18,722

Total liabilities

810,734

804,607

Stockholders' equity

Common stock

69

68

Additional paid-in capital

1,157,386

1,128,752

Accumulated deficit

(405,302)

(399,088)

Accumulated other comprehensive income

793

792

Total stockholders' equity

752,946

730,524

Total liabilities and stockholders' equity

$

1,563,680

$

1,535,131