Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

August 4,
2018

February 3,
2018

Assets

Current assets:

Cash and cash equivalents

$

498,659

$

888,482

Short-term investments

25,000

952,790

Accounts receivable, net

443,276

280,395

Inventories

473,429

170,039

Prepaid expenses and other current assets

72,388

41,482

Assets held for sale

31,182

30,767

Total current assets

1,543,934

2,363,955

Property and equipment, net

327,645

202,222

Goodwill

5,497,608

1,993,310

Acquired intangible assets, net

2,718,061

—

Other non-current assets

275,598

148,800

Total assets

$

10,362,846

$

4,708,287

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

196,297

$

145,236

Accrued liabilities

277,098

86,958

Accrued employee compensation

127,381

127,711

Deferred income

3,511

61,237

Liabilities held for sale

3,935

—

Total current liabilities

608,222

421,142

Long-term debt

1,878,617

—

Non-current income taxes payable

52,438

56,976

Deferred tax liabilities

114,312

52,204

Other non-current liabilities

44,191

36,552

Total liabilities

2,697,780

566,874

Shareholders' equity:

Common stock

1,316

991

Additional paid-in capital

6,153,890

2,733,292

Accumulated other comprehensive loss

—

(2,322)

Retained earnings

1,509,860

1,409,452

Total shareholders' equity

7,665,066

4,141,413

Total liabilities and shareholders' equity

$

10,362,846

$

4,708,287