Marvell Technology, Inc.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

October 30,
2021

January 30,
2021

Assets

Current assets:

Cash and cash equivalents

$

523,502

$

748,467

Accounts receivable, net

978,261

536,668

Inventories

628,600

268,228

Prepaid expenses and other current assets

114,451

63,782

Total current assets

2,244,814

1,617,145

Property and equipment, net

444,003

326,125

Goodwill

11,446,444

5,336,961

Acquired intangible assets, net

6,439,106

2,270,700

Deferred tax assets

528,985

672,424

Other non-current assets

915,490

541,569

Total assets

$

22,018,842

$

10,764,924

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$

440,592

$

252,419

Accrued liabilities

521,905

435,616

Accrued employee compensation

222,835

189,421

Short-term debt

52,205

199,641

Total current liabilities

1,237,537

1,077,097

Long-term debt

4,504,321

993,170

Other non-current liabilities

590,640

258,853

Total liabilities

6,332,498

2,329,120

Stockholders' equity:

Common stock

1,682

1,350

Additional paid-in capital

14,148,741

6,331,013

Retained earnings

1,535,921

2,103,441

Total stockholders' equity

15,686,344

8,435,804

Total liabilities and stockholders' equity

$

22,018,842

$

10,764,924