Marvell Technology Group Ltd.

Condensed Consolidated Balance Sheets

(Unaudited)

(In thousands)

January 28,

January 30,

Assets

2017

2016

Current assets:

Cash, cash equivalents and short-term investments

$        1,668,360

$        2,282,749

Accounts receivable, net

335,384

323,300

Inventories

171,969

200,958

Prepaid expenses and other current assets

58,771

102,560

Current assets held for sale

45,846

45,095

Total current assets

2,280,330

2,954,662

Property and equipment, net

243,397

296,778

Long-term investments

4,615

11,296

Goodwill and acquired intangible assets, net

2,006,984

2,015,360

Other non-current assets

113,324

164,031

Total assets

$        4,648,650

$        5,442,127

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$           143,484

$           180,372

Accrued liabilities

283,138

253,691

Carnegie Mellon University accrued litigation settlement

-

736,000

Deferred income

68,124

53,973

Current liabilities held for sale

1,670

1,749

Total current liabilities

496,416

1,225,785

Other non-current liabilities

124,583

76,219

Total liabilities

620,999

1,302,004

Shareholders' equity:

Common stock

1,012

1,015

Additional paid-in capital

3,016,775

3,028,921

Accumulated other comprehensive income (loss)

23

(795)

Retained earnings

1,009,841

1,110,982

Total shareholders' equity

4,027,651

4,140,123

Total liabilities and shareholders' equity

$        4,648,650

$        5,442,127