Marvell Technology, Inc.

Condensed Consolidated Balance Sheets (Unaudited)

(In millions)

November 2,
2024

February 3,
2024

Assets

Current assets:

Cash and cash equivalents

$              868.1

$              950.8

Accounts receivable, net

997.9

1,121.6

Inventories

859.4

864.4

Prepaid expenses and other current assets

91.4

125.9

Total current assets

2,816.8

3,062.7

Property and equipment, net

781.9

756.0

Goodwill

11,586.9

11,586.9

Acquired intangible assets, net

2,957.7

4,004.1

Deferred tax assets

406.5

311.9

Other non-current assets

1,165.8

1,506.9

Total assets

$        19,715.6

$        21,228.5

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$              538.1

$              411.3

Accrued liabilities

825.2

1,032.9

Accrued employee compensation

270.9

262.7

Short-term debt

129.4

107.3

Total current liabilities

1,763.6

1,814.2

Long-term debt

3,965.5

4,058.6

Other non-current liabilities

613.6

524.3

Total liabilities

6,342.7

6,397.1

Stockholders' equity:

Common stock

1.7

1.7

Additional paid-in capital

14,629.0

14,845.3

Accumulated other comprehensive income (loss)

(0.3)

1.1

Accumulated deficit

(1,257.5)

(16.7)

Total stockholders' equity

13,372.9

14,831.4

Total liabilities and stockholders' equity

$        19,715.6

$        21,228.5