Marvell Technology, Inc.
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)

July 30,
2022

January 29,
2022

Assets

Current assets:

Cash and cash equivalents

$              617.1

$              613.5

Accounts receivable, net

1,291.3

1,048.6

Inventories

913.1

720.3

Prepaid expenses and other current assets

93.5

111.0

Total current assets

2,915.0

2,493.4

Property and equipment, net

508.2

462.8

Goodwill

11,579.0

11,511.1

Acquired intangible assets, net

5,642.5

6,153.4

Deferred tax assets

310.5

493.5

Other non-current assets

1,206.9

994.4

Total assets

$         22,162.1

$         22,108.6

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$              490.3

$              461.5

Accrued liabilities

823.6

622.6

Accrued employee compensation

188.4

241.3

Short-term debt

653.5

63.2

Total current liabilities

2,155.8

1,388.6

Long-term debt

3,947.4

4,484.8

Other non-current liabilities

528.7

533.1

Total liabilities

6,631.9

6,406.5

Stockholders' equity:

Common stock

1.7

1.7

Additional paid-in capital

14,300.5

14,209.0

Retained earnings

1,228.0

1,491.4

Total stockholders' equity

15,530.2

15,702.1

Total liabilities and stockholders' equity

$         22,162.1

$         22,108.6