Marvell Technology, Inc. | ||||||||
Condensed Consolidated Balance Sheets (Unaudited) | ||||||||
(In thousands) | ||||||||
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| May 1, 2021 |
| January 30, 2021 | ||||
Assets |
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Current assets: |
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Cash and cash equivalents |
| $ | 522,512 |
|
| $ | 748,467 |
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Accounts receivable, net |
| 694,395 |
|
| 536,668 |
| ||
Inventories |
| 538,117 |
|
| 268,228 |
| ||
Prepaid expenses and other current assets |
| 132,787 |
|
| 63,782 |
| ||
Total current assets |
| 1,887,811 |
|
| 1,617,145 |
| ||
Property and equipment, net |
| 424,733 |
|
| 326,125 |
| ||
Goodwill |
| 10,965,666 |
|
| 5,336,961 |
| ||
Acquired intangible assets, net |
| 6,562,061 |
|
| 2,270,700 |
| ||
Deferred tax assets |
| 725,636 |
|
| 672,424 |
| ||
Other non-current assets |
| 664,030 |
|
| 541,569 |
| ||
Total assets |
| $ | 21,229,937 |
|
| $ | 10,764,924 |
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Liabilities and Stockholders' Equity |
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Current liabilities: |
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Accounts payable |
| $ | 304,425 |
|
| $ | 252,419 |
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Accrued liabilities |
| 478,158 |
|
| 435,616 |
| ||
Accrued employee compensation |
| 153,943 |
|
| 189,421 |
| ||
Short-term convertible debt |
| 193,269 |
|
| — |
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Short-term debt |
| 30,308 |
|
| 199,641 |
| ||
Total current liabilities |
| 1,160,103 |
|
| 1,077,097 |
| ||
Long-term convertible debt |
| 1,146 |
|
| — |
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Long-term debt |
| 4,673,707 |
|
| 993,170 |
| ||
Other non-current liabilities |
| 539,611 |
|
| 258,853 |
| ||
Total liabilities |
| 6,374,567 |
|
| 2,329,120 |
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Stockholders' equity: |
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Common shares |
| 1,633 |
|
| 1,350 |
| ||
Additional paid-in capital |
| 12,879,095 |
|
| 6,331,013 |
| ||
Retained earnings |
| 1,974,642 |
|
| 2,103,441 |
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Total stockholders' equity |
| 14,855,370 |
|
| 8,435,804 |
| ||
Total liabilities and stockholders' equity |
| $ | 21,229,937 |
|
| $ | 10,764,924 |
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