CAVIUM, INC.

Unaudited GAAP Condensed Consolidated Balance Sheets

(in thousands)

As of

June 30, 2017

March 31, 2017

Assets

Current assets

Cash and cash equivalents

$

127,061

$

132,409

Accounts receivable, net

173,754

136,510

Inventories

94,116

100,467

Prepaid expenses and other current assets

21,669

22,461

Total current assets

416,600

391,847

Property and equipment, net

157,542

152,690

Intangible assets, net

714,636

740,004

Goodwill

241,067

241,067

Other assets

5,286

5,559

Total assets

$

1,535,131

$

1,531,167

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$

72,494

$

68,772

Accrued expenses and other current liabilities

49,825

54,704

Deferred revenue

8,990

8,213

Current portion of long-term debt

3,256

3,249

Capital lease and technology license obligations

19,195

21,402

Total current liabilities

153,760

156,340

Long-term debt

594,590

593,880

Capital lease and technology license obligations, net of current

20,563

24,929

Deferred tax liability

16,972

19,314

Other non-current liabilities

18,722

17,735

Total liabilities

804,607

812,198

Stockholders' equity

Common stock

68

68

Additional paid-in capital

1,128,752

1,106,649

Accumulated deficit

(399,088)

(388,016)

Accumulated other comprehensive income (loss)

792

268

Total stockholders' equity

730,524

718,969

Total liabilities and stockholders' equity

$

1,535,131

$

1,531,167