Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

February 2,
2019

Assets

Current assets:

Cash and cash equivalents

$

571,893

$

582,410

Accounts receivable, net

470,347

493,122

Inventories

260,981

276,005

Prepaid expenses and other current assets

39,711

43,721

Total current assets

1,342,932

1,395,258

Property and equipment, net

326,599

318,978

Goodwill

5,494,505

5,494,505

Acquired intangible assets, net

2,480,942

2,560,682

Other non-current assets

403,240

247,329

Total assets

$

10,048,218

$

10,016,752

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

191,249

$

185,362

Accrued liabilities

333,680

335,509

Accrued employee compensation

122,441

115,925

Total current liabilities

647,370

636,796

Long-term debt

1,684,281

1,732,699

Non-current income taxes payable

56,621

59,221

Deferred tax liabilities

250,137

246,252

Other non-current liabilities

179,677

35,374

Total liabilities

2,818,086

2,710,342

Shareholders' equity:

Common stock

1,323

1,317

Additional paid-in capital

6,200,231

6,188,598

Retained earnings

1,028,578

1,116,495

Total shareholders' equity

7,230,132

7,306,410

Total liabilities and shareholders' equity

$

10,048,218

$

10,016,752