Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

January 30,
2021

February 1,
2020

Assets

Current assets:

Cash and cash equivalents

$

748,467

$

647,604

Accounts receivable, net

536,668

492,346

Inventories

268,228

322,980

Prepaid expenses and other current assets

63,782

74,567

Total current assets

1,617,145

1,537,497

Property and equipment, net

326,125

357,092

Goodwill

5,336,961

5,337,405

Acquired intangible assets, net

2,270,700

2,764,600

Deferred tax assets

672,424

639,791

Other non-current assets

541,569

496,850

Total assets

$

10,764,924

$

11,133,235

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

252,419

$

213,747

Accrued liabilities

435,616

346,639

Accrued employee compensation

189,421

149,780

Short-term debt

199,641

—

Total current liabilities

1,077,097

710,166

Long-term debt

993,170

1,439,024

Other non-current liabilities

258,853

305,465

Total liabilities

2,329,120

2,454,655

Shareholders' equity:

Common stock

1,350

1,328

Additional paid-in capital

6,331,013

6,135,939

Retained earnings

2,103,441

2,541,313

Total shareholders' equity

8,435,804

8,678,580

Total liabilities and shareholders' equity

$

10,764,924

$

11,133,235