Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

October 29,

January 30,

Assets

2016

2016

Current assets:

Cash, cash equivalents and short-term investments

$  1,650,372

$  2,282,749

Accounts receivable, net

362,195

323,300

Inventories

198,843

210,017

Prepaid expenses and other current assets

49,731

102,560

Total current assets

2,261,141

2,918,626

Property and equipment, net

265,984

299,540

Long-term investments

8,974

11,296

Goodwill and acquired intangible assets, net

2,039,279

2,047,955

Other non-current assets

179,068

164,710

Total assets

$  4,754,446

$  5,442,127

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$     183,252

$     180,372

Accrued liabilities

256,339

253,691

Carnegie Mellon University accrued litigation settlement

-

736,000

Deferred income

63,656

55,722

Total current liabilities

503,247

1,225,785

Other non-current liabilities

70,705

76,219

Total liabilities

573,952

1,302,004

Shareholders' equity:

Common stock

1,017

1,015

Additional paid-in capital

3,057,535

3,028,921

Accumulated other comprehensive income

1,553

(795)

Retained earnings

1,120,389

1,110,982

Total shareholders' equity

4,180,494

4,140,123

Total liabilities and shareholders' equity

$  4,754,446

$  5,442,127