Marvell Technology, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In millions, except per share amounts) | ||||||||||
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| Three Months Ended |
| Nine Months Ended | ||||||
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| November 2,
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| August 3,
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| October 28,
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| November 2,
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| October 28,
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Net revenue |
| $ 1,516.1 |
| $ 1,272.9 |
| $ 1,418.6 |
| $ 3,949.9 |
| $ 4,081.2 |
Cost of goods sold |
| 1,166.7 |
| 685.3 |
| 867.4 |
| 2,485.1 |
| 2,451.7 |
Gross profit |
| 349.4 |
| 587.6 |
| 551.2 |
| 1,464.8 |
| 1,629.5 |
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Operating expenses: |
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Research and development |
| 488.6 |
| 486.7 |
| 481.1 |
| 1,451.4 |
| 1,436.6 |
Selling, general and administrative |
| 205.3 |
| 197.3 |
| 213.0 |
| 602.5 |
| 622.0 |
Restructuring related charges |
| 358.3 |
| 4.0 |
| 3.4 |
| 366.4 |
| 105.3 |
Total operating expenses |
| 1,052.2 |
| 688.0 |
| 697.5 |
| 2,420.3 |
| 2,163.9 |
Operating loss |
| (702.8) |
| (100.4) |
| (146.3) |
| (955.5) |
| (534.4) |
| Interest expense |
| (47.2) |
| (48.4) |
| (52.6) |
| (144.4) |
| (159.1) |
| Interest income and other, net |
| (0.5) |
| 2.6 |
| 11.4 |
| 5.4 |
| 22.1 |
| Interest and other loss, net |
| (47.7) |
| (45.8) |
| (41.2) |
| (139.0) |
| (137.0) |
| Loss before income taxes |
| (750.5) |
| (146.2) |
| (187.5) |
| (1,094.5) |
| (671.4) |
| Provision (benefit) for income taxes |
| (74.2) |
| 47.1 |
| (23.2) |
| (9.3) |
| (130.7) |
| Net loss |
| $ (676.3) |
| $ (193.3) |
| $ (164.3) |
| $ (1,085.2) |
| $ (540.7) |
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| Net loss per share — basic |
| $ (0.78) |
| $ (0.22) |
| $ (0.19) |
| $ (1.25) |
| $ (0.63) |
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| Net loss per share — diluted |
| $ (0.78) |
| $ (0.22) |
| $ (0.19) |
| $ (1.25) |
| $ (0.63) |
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| Weighted-average shares: |
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| Basic |
| 865.7 |
| 865.7 |
| 862.6 |
| 865.5 |
| 860.1 |
| Diluted |
| 865.7 |
| 865.7 |
| 862.6 |
| 865.5 |
| 860.1 |
