Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

October 31,
2020

February 1,
2020

Assets

Current assets:

Cash and cash equivalents

$

832,041

$

647,604

Accounts receivable, net

490,271

492,346

Inventories

268,396

322,980

Prepaid expenses and other current assets

68,618

74,567

Total current assets

1,659,326

1,537,497

Property and equipment, net

331,769

357,092

Goodwill

5,336,356

5,337,405

Acquired intangible assets, net

2,380,382

2,764,600

Deferred tax assets

646,837

639,791

Other non-current assets

470,102

496,850

Total assets

$

10,824,772

$

11,133,235

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

224,112

$

213,747

Accrued liabilities

406,986

346,639

Accrued employee compensation

187,982

149,780

Short-term debt

349,004

—

Total current liabilities

1,168,084

710,166

Long-term debt

992,801

1,439,024

Other non-current liabilities

274,270

305,465

Total liabilities

2,435,155

2,454,655

Shareholders' equity:

Common shares

1,343

1,328

Additional paid-in capital

6,260,906

6,135,939

Retained earnings

2,127,368

2,541,313

Total shareholders' equity

8,389,617

8,678,580

Total liabilities and shareholders' equity

$

10,824,772

$

11,133,235