Marvell Technology, Inc.
Condensed Consolidated Balance Sheets (Unaudited)
(In millions)

April 30,
2022

January 29,
2022

Assets

Current assets:

     Cash and cash equivalents

$              465.0

$              613.5

     Accounts receivable, net

1,191.1

1,048.6

     Inventories

835.5

720.3

     Prepaid expenses and other current assets     

107.3

111.0

          Total current assets

2,598.9

2,493.4

Property and equipment, net

502.2

462.8

Goodwill

11,539.0

11,511.1

Acquired intangible assets, net

5,888.1

6,153.4

Deferred tax assets

331.8

493.5

Other non-current assets

1,178.7

994.4

          Total assets

$        22,038.7

$        22,108.6

Liabilities and Stockholders' Equity

Current liabilities:

     Accounts payable

$              553.1

$              461.5

     Accrued liabilities

735.0

622.6

     Accrued employee compensation

191.9

241.3

     Short-term debt

74.1

63.2

          Total current liabilities

1,554.1

1,388.6

Long-term debt

4,465.3

4,484.8

Other non-current liabilities

554.3

533.1

          Total liabilities

6,573.7

6,406.5

Stockholders' equity:

     Common stock

1.7

1.7

     Additional paid-in capital

14,188.5

14,209.0

     Retained earnings

1,274.8

1,491.4

          Total stockholders' equity

15,465.0

15,702.1

          Total liabilities and stockholders' equity

$        22,038.7

$        22,108.6