Marvell Technology Group Ltd. (MRVL) financial statements (2021 and earlier)

Company profile

Business Address VICTORIA PLACE, 5TH FLOOR
HAMILTON HM 10, NA
State of Incorp.
Fiscal Year End January 31
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
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:749832832668648438573
Cash and cash equivalents748832832668648438573
Other undisclosed cash, cash equivalents, and short-term investments0(0)(0)(0)0(0)(0)
Receivables537490484469492495453
Inventory, net of allowances, customer advances and progress billings268268263270323308240
Inventory268268263270323308240
Disposal group, including discontinued operation     601598
Other undisclosed current assets64695472744438
Total current assets:1,6171,6591,6321,4791,5371,8871,901
Noncurrent Assets
Property, plant and equipment326332335348357316320
Intangible assets, net (including goodwill)7,6087,7177,8277,9898,1027,6627,334
Goodwill5,3375,3365,3375,3375,3375,1614,934
Intangible assets, net (excluding goodwill)2,2712,3802,4902,6522,7652,5002,400
Deferred income tax assets672647646639640  
Other noncurrent assets542470487526497439426
Total noncurrent assets:9,1489,1659,2949,5039,5968,4178,080
TOTAL ASSETS:10,76510,82510,92610,98211,13310,3039,981
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities480485439406433446398
Accounts payable252224239186214213211
Accrued liabilities38545789639478
Employee-related liabilities18918813112415013091
Taxes payable  1276917
Interest and dividends payable 19     
Deferred revenue1619131106111117123
Debt39934944830292827
Restructuring reserve92118101459
Disposal group, including discontinued operation     66
Other undisclosed current liabilities1722941891381235359
Total current liabilities:1,0771,1681,225691710654621
Noncurrent Liabilities
Long-term debt and lease obligation9939939921,4401,4392,0361,685
Long-term debt, excluding current maturities9939939921,4401,4392,0361,685
Liabilities, other than long-term debt259274292315305447471
Accounts payable and accrued liabilities     4850
Deferred income tax liabilities   3331214243
Other liabilities259274292282274184178
Total noncurrent liabilities:1,2521,2671,2841,7551,7442,4832,157
Total liabilities:2,3292,4352,5092,4462,4553,1372,777
Stockholders' equity
Stockholders' equity attributable to parent8,4368,3908,4188,5368,6797,1667,204
Common stock1111111
Additional paid in capital6,3316,2616,2256,1456,1366,3566,271
Accumulated other comprehensive income  01 0 
Retained earnings2,1032,1272,1912,3892,541809931
Total stockholders' equity:8,4368,3908,4188,5368,6797,1667,204
TOTAL LIABILITIES AND EQUITY:10,76510,82510,92610,98211,13310,3039,981

Income statement (P&L) ($ in millions)

1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
Revenues987750727694718662657
Cost of revenue
(Cost of Goods and Services Sold)
(551)(369)(368)(367)(413)(322)(306)
Gross profit:436381359327305340351
Operating expenses(283)(481)(552)(584)(252)(488)(472)
Other undisclosed operating income (loss)(283)9041161(167)8775
Operating loss:(130)(9)(151)(96)(114)(62)(46)
Nonoperating income (expense)(66)1051,0402(1)
Investment income, nonoperating 111 11
Other nonoperating income (expense) 0(0)4 1(2)
Interest and debt expense(6)(16)(16)(17)(23)(21)(21)
Other undisclosed income from continuing operations before equity method investments, income taxes69   86  
Income (loss) from continuing operations before equity method investments, income taxes:(132)(25)(167)(108)988(81)(68)
Other undisclosed loss from continuing operations before income taxes    (0)  
Income (loss) from continuing operations before income taxes:(132)(25)(167)(108)988(81)(68)
Income tax expense (benefit)4329(5)784(2)11
Net income (loss) available to common stockholders, diluted:(89)(23)(158)(113)1,773(83)(57)

Comprehensive Income ($ in millions)

1/31/2021
Q4
10/31/2020
Q3
7/31/2020
Q2
4/30/2020
Q1
1/31/2020
Q4
10/31/2019
Q3
7/31/2019
Q2
Net income (loss):(89)(23)(158)(113)1,773(83)(57)
Other comprehensive income     0 
Comprehensive income (loss):(89)(23)(158)(113)1,773(82)(57)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(0)1(0)  
Comprehensive income (loss), net of tax, attributable to parent:(89)(23)(158)(112)1,773(82)(57)

Statements sources

The financial statements are based on the company's filings with the 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.

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