Marvell Technology Group Ltd. | ||||||||
Condensed Consolidated Balance Sheets (Unaudited) | ||||||||
(In thousands) | ||||||||
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| October 31,
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| February 1,
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Assets |
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Current assets: |
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Cash and cash equivalents |
| $ | 832,041 |
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| $ | 647,604 |
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Accounts receivable, net |
| 490,271 |
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| 492,346 |
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Inventories |
| 268,396 |
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| 322,980 |
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Prepaid expenses and other current assets |
| 68,618 |
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| 74,567 |
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Total current assets |
| 1,659,326 |
|
| 1,537,497 |
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Property and equipment, net |
| 331,769 |
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| 357,092 |
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Goodwill |
| 5,336,356 |
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| 5,337,405 |
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Acquired intangible assets, net |
| 2,380,382 |
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| 2,764,600 |
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Deferred tax assets |
| 646,837 |
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| 639,791 |
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Other non-current assets |
| 470,102 |
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| 496,850 |
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Total assets |
| $ | 10,824,772 |
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| $ | 11,133,235 |
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Liabilities and Shareholders' Equity |
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Current liabilities: |
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Accounts payable |
| $ | 224,112 |
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| $ | 213,747 |
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Accrued liabilities |
| 406,986 |
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| 346,639 |
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Accrued employee compensation |
| 187,982 |
|
| 149,780 |
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Short-term debt |
| 349,004 |
|
| — |
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Total current liabilities |
| 1,168,084 |
|
| 710,166 |
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Long-term debt |
| 992,801 |
|
| 1,439,024 |
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| Other non-current liabilities |
| 274,270 |
|
| 305,465 |
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| Total liabilities |
| 2,435,155 |
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| 2,454,655 |
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| Shareholders' equity: |
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| Common shares |
| 1,343 |
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| 1,328 |
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| Additional paid-in capital |
| 6,260,906 |
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| 6,135,939 |
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| Retained earnings |
| 2,127,368 |
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| 2,541,313 |
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| Total shareholders' equity |
| 8,389,617 |
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| 8,678,580 |
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| Total liabilities and shareholders' equity |
| $ | 10,824,772 |
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| $ | 11,133,235 |
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Marvell Technology Group Ltd. Reports Third Quarter of Fiscal Year 2021 Financial Results
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