Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

November 2,
2019

February 2,
2019

Assets

Current assets:

Cash and cash equivalents

$

438,369

$

582,410

Accounts receivable, net

495,216

493,122

Inventories

308,299

276,005

Prepaid expenses and other current assets

43,789

43,721

Assets held for sale

600,893

—

Total current assets

1,886,566

1,395,258

Property and equipment, net

316,214

318,978

Goodwill

5,161,312

5,494,505

Acquired intangible assets, net

2,500,215

2,560,682

Other non-current assets

438,955

247,329

Total assets

$

10,303,262

$

10,016,752

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

212,955

$

185,362

Accrued liabilities

305,827

335,509

Accrued employee compensation

130,062

115,925

Liabilities held for sale

5,610

—

Total current liabilities

654,454

636,796

Long-term debt

2,036,441

1,732,699

Non-current income taxes payable

48,136

59,221

Deferred tax liabilities

214,492

246,252

Other non-current liabilities

183,921

35,374

Total liabilities

3,137,444

2,710,342

Shareholders' equity:

Common shares

1,341

1,317

Additional paid-in capital

6,355,723

6,188,598

Accumulated other comprehensive income

37

—

Retained earnings

808,717

1,116,495

Total shareholders' equity

7,165,818

7,306,410

Total liabilities and shareholders' equity

$

10,303,262

$

10,016,752