Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

May 5, 2018

February 3, 2018

Assets

Current assets:

Cash and cash equivalents

$

1,167,258

$

888,482

Short-term investments

712,053

952,790

Accounts receivable, net

329,650

280,395

Inventories

169,556

170,039

Prepaid expenses and other current assets

38,868

41,482

Assets held for sale

30,707

30,767

Total current assets

2,448,092

2,363,955

Property and equipment, net

213,656

202,222

Goodwill

1,993,310

1,993,310

Other non-current assets

209,261

148,800

Total assets

$

4,864,319

$

4,708,287

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

157,043

$

145,236

Accrued liabilities

180,117

86,958

Accrued employee compensation

105,601

127,711

Deferred income

1,880

61,237

Total current liabilities

444,641

421,142

Non-current income taxes payable

56,606

56,976

Other non-current liabilities

77,561

88,756

Total liabilities

578,808

566,874

Shareholders' equity:

Common stock

1,000

991

Additional paid-in capital

2,744,478

2,733,292

Accumulated other comprehensive loss

(2,404)

(2,322)

Retained earnings

1,542,437

1,409,452

Total shareholders' equity

4,285,511

4,141,413

Total liabilities and shareholders' equity

$

4,864,319

$

4,708,287