CAVIUM, INC.

Unaudited GAAP Condensed Consolidated Balance Sheets

(in thousands)

As of

December 31, 2016

September 30, 2016

Assets

Current assets

Cash and cash equivalents

$

221,439

$

192,378

Accounts receivable, net

125,728

144,902

Inventories

119,692

118,936

Prepaid expenses and other current assets

22,259

20,556

Asset held for sale

-

38,511

Total current assets

489,118

515,283

Property and equipment, net

150,862

122,114

Intangible assets, net

764,885

790,368

Goodwill

241,067

319,021

Other assets

4,599

3,922

Total assets

$

1,650,531

$

1,750,708

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$

65,456

$

55,009

Accrued expenses and other current liabilities

64,967

43,163

Deferred revenue

8,412

9,399

Current portion of long-term debt

3,865

53,774

Capital lease and technology license obligations

25,535

27,747

Total current liabilities

168,235

189,092

Long-term debt

675,414

676,372

Capital lease and technology license obligations, net of current

27,878

11,780

Deferred tax liability

18,774

17,270

Other non-current liabilities

18,386

18,266

Total liabilities

908,687

912,780

Stockholders' equity

Common stock

67

66

Additional paid-in capital

1,079,043

1,052,840

Accumulated deficit

(336,621)

(215,021)

Accumulated other comprehensive loss

(645)

43

Total stockholders' equity

741,844

837,928

Total liabilities and stockholders' equity

$

1,650,531

$

1,750,708