Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

July 29,
2017

January 28,
2017

Assets

Current assets:

Cash and cash equivalents

$

630,501

$

814,092

Short-term investments

943,006

854,268

Accounts receivable, net

371,697

335,384

Inventories

175,355

170,842

Prepaid expenses and other current assets

46,491

58,771

Assets held for sale

41,896

57,077

Total current assets

2,208,946

2,290,434

Property and equipment, net

235,354

243,397

Goodwill and acquired intangible assets, net

1,994,743

1,996,880

Other non-current assets

148,407

117,939

Total assets

$

4,587,450

$

4,648,650

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

153,862

$

143,484

Accrued liabilities

106,351

143,491

Accrued employee compensation

131,272

139,647

Deferred income

70,063

63,976

Liabilities held for sale

1,015

5,818

Total current liabilities

462,563

496,416

Non-current income taxes payable

55,714

60,646

Other non-current liabilities

95,076

63,937

Total liabilities

613,353

620,999

Shareholders' equity:

Common stock

991

1,012

Additional paid-in capital

2,752,541

3,016,775

Accumulated other comprehensive income

899

23

Retained earnings

1,219,666

1,009,841

Total shareholders' equity

3,974,097

4,027,651

Total liabilities and shareholders' equity

$

4,587,450

$

4,648,650