Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

February 1,
2020

February 2,
2019

Assets

Current assets:

Cash and cash equivalents

$

647,604

$

582,410

Accounts receivable, net

492,346

493,122

Inventories

322,980

276,005

Prepaid expenses and other current assets

74,567

43,721

Total current assets

1,537,497

1,395,258

Property and equipment, net

357,092

318,978

Goodwill

5,337,405

5,494,505

Acquired intangible assets, net

2,764,600

2,560,682

Deferred tax assets

639,791

12,460

Other non-current assets

496,850

234,869

Total assets

$

11,133,235

$

10,016,752

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

213,747

$

185,362

Accrued liabilities

346,639

335,509

Accrued employee compensation

149,780

115,925

Total current liabilities

710,166

636,796

Long-term debt

1,439,024

1,732,699

Deferred tax liabilities

31,233

246,252

Other non-current liabilities

274,232

94,595

Total liabilities

2,454,655

2,710,342

Shareholders' equity:

Common stock

1,328

1,317

Additional paid-in capital

6,135,939

6,188,598

Retained earnings

2,541,313

1,116,495

Total shareholders' equity

8,678,580

7,306,410

Total liabilities and shareholders' equity

$

11,133,235

$

10,016,752