Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

August 3,
2019

February 2,
2019

Assets

Current assets:

Cash and cash equivalents

$

573,496

$

582,410

Accounts receivable, net

452,746

493,122

Inventories

240,421

276,005

Prepaid expenses and other current assets

37,069

43,721

Assets held for sale

597,675

—

Total current assets

1,901,407

1,395,258

Property and equipment, net

319,761

318,978

Goodwill

4,933,719

5,494,505

Acquired intangible assets, net

2,399,975

2,560,682

Other non-current assets

426,278

247,329

Total assets

$

9,981,140

$

10,016,752

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

211,422

$

185,362

Accrued liabilities

312,987

335,509

Accrued employee compensation

90,659

115,925

Liabilities held for sale

5,604

—

Total current liabilities

620,672

636,796

Long-term debt

1,685,359

1,732,699

Non-current income taxes payable

49,881

59,221

Deferred tax liabilities

242,957

246,252

Other non-current liabilities

178,459

35,374

Total liabilities

2,777,328

2,710,342

Shareholders' equity:

Common shares

1,334

1,317

Additional paid-in capital

6,271,120

6,188,598

Retained earnings

931,358

1,116,495

Total shareholders' equity

7,203,812

7,306,410

Total liabilities and shareholders' equity

$

9,981,140

$

10,016,752