Marvell Technology Group Ltd. | ||||||||
Condensed Consolidated Balance Sheets (Unaudited) | ||||||||
(In thousands) | ||||||||
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| January 30,
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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 |
| $ | 748,467 |
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| $ | 647,604 |
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Accounts receivable, net |
| 536,668 |
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| 492,346 |
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Inventories |
| 268,228 |
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| 322,980 |
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Prepaid expenses and other current assets |
| 63,782 |
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| 74,567 |
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Total current assets |
| 1,617,145 |
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| 1,537,497 |
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Property and equipment, net |
| 326,125 |
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| 357,092 |
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Goodwill |
| 5,336,961 |
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| 5,337,405 |
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Acquired intangible assets, net |
| 2,270,700 |
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| 2,764,600 |
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Deferred tax assets |
| 672,424 |
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| 639,791 |
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Other non-current assets |
| 541,569 |
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| 496,850 |
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Total assets |
| $ | 10,764,924 |
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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 |
| $ | 252,419 |
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| $ | 213,747 |
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Accrued liabilities |
| 435,616 |
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| 346,639 |
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Accrued employee compensation |
| 189,421 |
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| 149,780 |
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Short-term debt |
| 199,641 |
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| — |
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Total current liabilities |
| 1,077,097 |
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| 710,166 |
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Long-term debt |
| 993,170 |
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| 1,439,024 |
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| Other non-current liabilities |
| 258,853 |
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| 305,465 |
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| Total liabilities |
| 2,329,120 |
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| 2,454,655 |
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| Shareholders' equity: |
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| Common stock |
| 1,350 |
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| 1,328 |
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| Additional paid-in capital |
| 6,331,013 |
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| 6,135,939 |
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| Retained earnings |
| 2,103,441 |
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| 2,541,313 |
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| Total shareholders' equity |
| 8,435,804 |
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| 8,678,580 |
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| Total liabilities and shareholders' equity |
| $ | 10,764,924 |
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| $ | 11,133,235 |
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Marvell Technology Group Ltd. Reports Fourth Quarter and Fiscal Year 2021 Financial Results
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