Marvell Technology, Inc.
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)

January 29,
2022

January 30,
2021

Assets

Current assets:

Cash and cash equivalents

$         613,533

$         748,467

Accounts receivable, net

1,048,583

536,668

Inventories

720,331

268,228

Prepaid expenses and other current assets

111,003

63,782

Total current assets

2,493,450

1,617,145

Property and equipment, net

462,773

326,125

Goodwill

11,511,129

5,336,961

Acquired intangible assets, net

6,153,422

2,270,700

Deferred tax assets

493,508

672,424

Other non-current assets

994,315

541,569

Total assets

$    22,108,597

$    10,764,924

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$         461,509

$         252,419

Accrued liabilities

622,561

435,616

Accrued employee compensation

241,306

189,421

Short-term debt

63,166

199,641

Total current liabilities

1,388,542

1,077,097

Long-term debt

4,484,811

993,170

Other non-current liabilities

533,147

258,853

Total liabilities

6,406,500

2,329,120

Stockholders' equity:

Common stock

1,692

1,350

Additional paid-in capital

14,209,047

6,331,013

Retained earnings

1,491,358

2,103,441

Total stockholders' equity

15,702,097

8,435,804

Total liabilities and stockholders' equity

$    22,108,597

$    10,764,924