Marvell Technology, Inc. | ||||||||
Condensed Consolidated Balance Sheets (Unaudited) | ||||||||
(In thousands) | ||||||||
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| July 31,
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| January 30,
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Assets |
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Current assets: |
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Cash and cash equivalents |
| $ | 559,617 |
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| $ | 748,467 |
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Accounts receivable, net |
| 785,611 |
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| 536,668 |
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Inventories |
| 459,532 |
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| 268,228 |
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Prepaid expenses and other current assets |
| 103,717 |
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| 63,782 |
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Total current assets |
| 1,908,477 |
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| 1,617,145 |
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Property and equipment, net |
| 433,091 |
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| 326,125 |
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Goodwill |
| 10,976,443 |
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| 5,336,961 |
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Acquired intangible assets, net |
| 6,285,388 |
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| 2,270,700 |
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Deferred tax assets |
| 517,123 |
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| 672,424 |
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Other non-current assets |
| 718,110 |
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| 541,569 |
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Total assets |
| $ | 20,838,632 |
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| $ | 10,764,924 |
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Liabilities and Stockholders' Equity |
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Current liabilities: |
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Accounts payable |
| $ | 370,502 |
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| $ | 252,419 |
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Accrued liabilities |
| 519,214 |
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| 435,616 |
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Accrued employee compensation |
| 153,327 |
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| 189,421 |
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Short-term debt |
| 41,390 |
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| 199,641 |
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Total current liabilities |
| 1,084,433 |
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| 1,077,097 |
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Long-term debt |
| 4,662,844 |
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| 993,170 |
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| Other non-current liabilities |
| 350,158 |
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| 258,853 |
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| Total liabilities |
| 6,097,435 |
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| 2,329,120 |
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| Stockholders' equity: |
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| Common stock |
| 1,646 |
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| 1,350 |
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| Additional paid-in capital |
| 13,090,669 |
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| 6,331,013 |
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| Retained earnings |
| 1,648,882 |
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| 2,103,441 |
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| Total stockholders' equity |
| 14,741,197 |
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| 8,435,804 |
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| Total liabilities and stockholders' equity |
| $ | 20,838,632 |
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| $ | 10,764,924 |
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Marvell Technology, Inc. Reports Second Quarter of Fiscal Year 2022 Financial Results
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