Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

February 3,
2018

Assets

Current assets:

Cash and cash equivalents

$

610,261

$

888,482

Short-term investments

—

952,790

Accounts receivable, net

453,775

280,395

Inventories

376,210

170,039

Prepaid expenses and other current assets

49,230

41,482

Assets held for sale

30,745

30,767

Total current assets

1,520,221

2,363,955

Property and equipment, net

313,113

202,222

Goodwill

5,499,145

1,993,310

Acquired intangible assets, net

2,639,370

—

Other non-current assets

260,176

148,800

Total assets

$

10,232,025

$

4,708,287

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

209,562

$

145,236

Accrued liabilities

302,095

86,958

Accrued employee compensation

141,602

127,711

Deferred income

2,947

61,237

Total current liabilities

656,206

421,142

Long-term debt

1,805,734

—

Non-current income taxes payable

53,862

56,976

Deferred tax liabilities

108,016

52,204

Other non-current liabilities

32,928

36,552

Total liabilities

2,656,746

566,874

Shareholders' equity:

Common stock

1,314

991

Additional paid-in capital

6,157,283

2,733,292

Accumulated other comprehensive loss

—

(2,322)

Retained earnings

1,416,682

1,409,452

Total shareholders' equity

7,575,279

4,141,413

Total liabilities and shareholders' equity

$

10,232,025

$

4,708,287