Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

April 30,

January 30,

Assets

2016

2016

(Preliminary)

Current assets:

Cash, cash equivalents and short-term investments

$   1,615,240

$  2,282,749

Accounts receivable, net

280,658

323,300

Inventories

196,739

210,017

Prepaid expenses and other current assets

57,139

102,560

Total current assets

2,149,776

2,918,626

Property and equipment, net

283,584

299,540

Long-term investments

8,974

11,296

Goodwill and acquired intangible assets, net

2,045,009

2,047,955

Other non-current assets

169,778

164,710

Total assets

$   4,657,121

$  5,442,127

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$      193,697

$     180,372

Accrued liabilities

236,514

253,691

Carnige Mellon University accrued litigation settlement

-

736,000

Deferred income

54,488

55,722

Total current liabilities

484,699

1,225,785

Other non-current liabilities

72,604

76,219

Total liabilities

557,303

1,302,004

Shareholders' equity:

Common stock

1,022

1,015

Additional paid-in capital

3,038,732

3,028,921

Accumulated other comprehensive income

2,222

(795)

Retained earnings

1,057,842

1,110,982

Total shareholders' equity

4,099,818

4,140,123

Total liabilities and shareholders' equity

$   4,657,121

$  5,442,127