Marvell Technology Inc. (MRVL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 N. WEST STREET
WILMINGTON, DE 19801
State of Incorp. DE
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)

4/30/2024
MRQ
1/31/2024
1/31/2023
1/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:951911614
Cash and cash equivalents951911614
Short-term investments931
Other undisclosed cash, cash equivalents, and short-term investments (9)(3)(1)
Receivables1,1221,1921,049
Inventory, net of allowances, customer advances and progress billings8641,068720
Inventory8641,068720
Other undisclosed current assets126110111
Total current assets:3,0633,2812,493
Noncurrent Assets
Property, plant and equipment756577463
Intangible assets, net (including goodwill)15,59116,68917,665
Goodwill11,58711,58711,511
Intangible assets, net (excluding goodwill)4,0045,1026,153
Deferred income tax assets312466494
Other noncurrent assets1,5071,509994
Total noncurrent assets:18,16619,24119,615
TOTAL ASSETS:21,22922,52222,109
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4441,001826
Interest and dividends payable20
Taxes payable23
Employee-related liabilities241
Accounts payable411466462
Accrued liabilities1,03353679
Deferred revenue  4539
Debt1071,169126
Restructuring reserve1644
Other undisclosed current liabilities247167393
Total current liabilities:1,8142,3871,389
Noncurrent Liabilities
Long-term debt and lease obligation  3,9084,485
Long-term debt, excluding current maturities  3,9084,485
Liabilities, other than long-term debt524591533
Other liabilities524591533
Other undisclosed noncurrent liabilities4,059  
Total noncurrent liabilities:4,5834,4985,018
Total liabilities:6,3976,8856,407
Equity
Equity, attributable to parent14,83115,63715,702
Common stock222
Additional paid in capital14,84514,51214,209
Accumulated other comprehensive income1  
Retained earnings (accumulated deficit)(17)1,1241,491
Total equity:14,83115,63715,702
TOTAL LIABILITIES AND EQUITY:21,22922,52222,109

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

4/30/2024
TTM
1/31/2024
1/31/2023
1/31/2022
Revenues5,5085,9204,462
Cost of revenue
(Cost of Goods and Services Sold)
(3,214)(2,932)(2,398)
Gross profit:2,2942,9882,064
Operating expenses(2,861)(2,728)(2,380)
Other undisclosed operating loss (22)(32)
Operating income (loss):(568)238(348)
Nonoperating income (expense)21(153)(136)
Investment income, nonoperating951
Other nonoperating income12123
Interest and debt expense(212)(171)(139)
Loss from continuing operations before equity method investments, income taxes:(759)(86)(623)
Other undisclosed income from continuing operations before income taxes  171139
Income (loss) from continuing operations before income taxes:(759)85(483)
Income tax expense (benefit)(175)(249)62
Loss from continuing operations:(933)(164)(421)
Loss before gain (loss) on sale of properties:(421)
Net loss:(933)(164)(421)
Other undisclosed net income attributable to parent   
Net loss available to common stockholders, diluted:(933)(164)(421)

Comprehensive Income ($ in millions)

4/30/2024
TTM
1/31/2024
1/31/2023
1/31/2022
Net loss:(933)(164)(421)
Other comprehensive income (loss)1  
Other undisclosed comprehensive income   
Comprehensive loss:(932)(164)(421)
Other undisclosed comprehensive income, net of tax, attributable to parent   
Comprehensive loss, net of tax, attributable to parent:(932)(164)(421)

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.

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