Marvell Technology Group Ltd. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
VICTORIA PLACE, 5TH FLOOR HAMILTON HM 10, NA |
| State of Incorp. | |
| Fiscal Year End | January 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 648 | 582 | 1,800 | 1,700 | 2,300 | 2,500 | |||
| Cash and cash equivalent | 648 | 582 | 888 | 814 | 1,278 | 1,211 | |||
| Short-term investments | 953 | 854 | 1,005 | 1,319 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | 0 | (0) | (41) | 32 | 17 | (30) | |||
| Receivables | 492 | 493 | 280 | 335 | 323 | 421 | |||
| Inventory, net of allowances, customer advances and progress billings | 323 | 276 | 170 | 172 | 210 | 308 | |||
| Inventory | 323 | 276 | 170 | 172 | 210 | 308 | |||
| Deferred costs | 0 | 21 | 25 | 22 | |||||
| Other undisclosed current assets | 74 | 44 | 93 | 48 | 63 | 115 | |||
| Total current assets: | 1,537 | 1,395 | 2,364 | 2,280 | 2,919 | 3,344 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 357 | 319 | 202 | 243 | 300 | 341 | |||
| Long-term investments and receivables | 5 | 11 | 10 | ||||||
| Long-term investments | 5 | 11 | 10 | ||||||
| Intangible assets, net (including goodwill) | 8,102 | 8,055 | 1,993 | 2,007 | 2,048 | 2,061 | |||
| Goodwill | 5,337 | 5,495 | 1,993 | 2,003 | 2,030 | 2,030 | |||
| Intangible assets, net (excluding goodwill) | 2,765 | 2,561 | 4 | 18 | 31 | ||||
| Deferred income tax assets | 640 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 497 | 247 | 149 | 113 | 165 | 129 | |||
| Total noncurrent assets: | 9,596 | 8,621 | 2,344 | 2,368 | 2,524 | 2,540 | |||
| TOTAL ASSETS: | 11,133 | 10,017 | 4,708 | 4,649 | 5,442 | 5,884 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 433 | 441 | 360 | 427 | 449 | 587 | |||
| Taxes payable | 6 | 47 | 15 | 17 | |||||
| Employee-related liabilities | 150 | 116 | 128 | 140 | 122 | 155 | |||
| Accounts payable | 214 | 185 | 145 | 143 | 180 | 283 | |||
| Accrued liabilities | 63 | 93 | 87 | 143 | 132 | 131 | |||
| Deferred revenue | 111 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 29 | ||||||||
| Restructuring reserve | 14 | 27 | |||||||
| Disposal group, including discontinued operation | 2 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 61 | 68 | 56 | 68 | ||
| Contract with customer, liability | ✕ | ✕ | 142 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 123 | 26 | 722 | (17) | |||||
| Total current liabilities: | 710 | 637 | 421 | 496 | 1,226 | 637 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,439 | 1,733 | |||||||
| Long-term debt, excluding current maturities | 1,439 | 1,733 | |||||||
| Liabilities, other than long-term debt | 305 | 95 | 146 | 125 | 76 | 112 | |||
| Accounts payable and accrued liabilities | 59 | 57 | 61 | 49 | 80 | ||||
| Deferred income tax liabilities | 31 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 274 | 35 | 89 | 64 | 27 | 32 | |||
| Other undisclosed noncurrent liabilities | 246 | (11) | |||||||
| Total noncurrent liabilities: | 1,744 | 2,074 | 146 | 125 | 76 | 101 | |||
| Total liabilities: | 2,455 | 2,710 | 567 | 621 | 1,302 | 738 | |||
| Equity | |||||||||
| Equity, attributable to parent | 8,679 | 7,306 | 4,141 | 4,028 | 4,140 | 5,146 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 6,136 | 6,189 | 2,733 | 3,017 | 3,029 | 3,100 | |||
| Accumulated other comprehensive income (loss) | (2) | 0 | (1) | 0 | |||||
| Retained earnings | 2,541 | 1,116 | 1,409 | 1,010 | 1,111 | 2,045 | |||
| Total equity: | 8,679 | 7,306 | 4,141 | 4,028 | 4,140 | 5,146 | |||
| TOTAL LIABILITIES AND EQUITY: | 11,133 | 10,017 | 4,708 | 4,649 | 5,442 | 5,884 | |||
Income Statement (P&L) ($ in millions)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,699 | 2,866 | 2,409 | 2,318 | 2,726 | 3,707 | ||
| Cost of revenue | (1,342) | (1,407) | (947) | (1,143) | (1,559) | (1,844) | ||
| Cost of product and service sold | (1,342) | (1,407) | (947) | (1,030) | (1,495) | (1,844) | ||
| Gross profit: | 1,357 | 1,458 | 1,462 | 1,175 | 1,167 | 1,863 | ||
| Operating expenses | (1,545) | (1,338) | (1,027) | (1,075) | (1,984) | (1,562) | ||
| Other undisclosed operating income (loss) | (55) | (77) | (5) | 107 | ||||
| Operating income (loss): | (243) | 43 | 430 | 100 | (817) | 409 | ||
| Nonoperating income (expense) | 1,042 | (48) | 22 | 17 | 18 | 27 | ||
| Investment income, nonoperating | 5 | 12 | (3) | 2 | (1) | 1 | ||
| Gain (loss), foreign currency transaction, before tax | (0) | 2 | 7 | 2 | ||||
| Other nonoperating income (expense) | 1,123 | 1 | 2 | 1 | (3) | 23 | ||
| Interest and debt expense | (86) | (60) | (1) | (0) | (1) | (1) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 86 | 60 | 1 | 0 | 1 | (2) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 798 | (5) | 451 | 117 | (799) | 432 | ||
| Other undisclosed loss from continuing operations before income taxes | (0) | |||||||
| Income (loss) from continuing operations before income taxes: | 798 | (5) | 451 | 117 | (799) | 432 | ||
| Income tax expense (benefit) | 786 | (174) | (18) | (73) | (12) | 3 | ||
| Income (loss) from continuing operations: | 1,584 | (179) | 433 | 44 | (811) | 435 | ||
| Income (loss) before gain (loss) on sale of properties: | 1,584 | (179) | 433 | 44 | (811) | 435 | ||
| Net income (loss): | 1,584 | (179) | 433 | 44 | (811) | 435 | ||
| Other undisclosed net income (loss) attributable to parent | 88 | (23) | ||||||
| Net income (loss) available to common stockholders, diluted: | 1,584 | (179) | 521 | 21 | (811) | 435 | ||
Comprehensive Income ($ in millions)
| 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | 1/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,584 | (179) | 433 | 44 | (811) | 435 | ||
| Other comprehensive income (loss) | 2 | (2) | 1 | (1) | (0) | |||
| Comprehensive income (loss): | 1,584 | (177) | 431 | 45 | (813) | 435 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 88 | (23) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,584 | (177) | 518 | 22 | (813) | 435 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.