Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

July 30,

January 30,

Assets

2016

2016

Current assets:

Cash, cash equivalents and short-term investments

$ 1,624,009

$  2,282,749

Accounts receivable, net

348,683

323,300

Inventories

202,717

210,017

Prepaid expenses and other current assets

54,870

102,560

Total current assets

2,230,279

2,918,626

Property and equipment, net

274,774

299,540

Long-term investments

8,974

11,296

Goodwill and acquired intangible assets, net

2,042,063

2,047,955

Other non-current assets

160,586

164,710

Total assets

$ 4,716,676

$  5,442,127

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$    212,950

$     180,372

Accrued liabilities

219,489

253,691

Carnige Mellon University accrued litigation settlement

-

736,000

Deferred income

72,049

55,722

Total current liabilities

504,488

1,225,785

Other non-current liabilities

53,100

76,219

Total liabilities

557,588

1,302,004

Shareholders' equity:

Common stock

1,022

1,015

Additional paid-in capital

3,075,579

3,028,921

Accumulated other comprehensive income

4,015

(795)

Retained earnings

1,078,472

1,110,982

Total shareholders' equity

4,159,088

4,140,123

Total liabilities and shareholders' equity

$ 4,716,676

$  5,442,127