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

Company profile

Business Address CANON'S COURT
HAMILTON HM 12, 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)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:6485821,8001,7002,3002,5002,000
Cash and cash equivalents6485828888141,2781,211966
Short-term investments  9538541,0051,3191,004
Other undisclosed cash, cash equivalents, and short-term investments0(0)(41)3217(30)31
Receivables492493280335323421453
Inventory, net of allowances, customer advances and progress billings323276170172210308348
Inventory323276170172210308348
Prepaid expense      57
Deferred costs 0212522  
Other undisclosed current assets7444934863115(19)
Total current assets:1,5371,3952,3642,2802,9193,3442,839
Noncurrent Assets
Property, plant and equipment357319202243300341356
Long-term investments and receivables   5111016
Long-term investments   5111016
Intangible assets, net (including goodwill)8,1028,0551,9932,0072,0482,0612,079
Goodwill5,3375,4951,9932,0032,0302,0302,030
Intangible assets, net (excluding goodwill)2,7652,561 4183149
Deferred income tax assets640
Other noncurrent assets497247149113165129160
Total noncurrent assets:9,5968,6212,3442,3682,5242,5402,612
TOTAL ASSETS:11,13310,0174,7084,6495,4425,8845,451
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities433441360427449587590
Accounts payable214185145143180283316
Accrued liabilities639387143132131162
Employee-related liabilities150116128140122155111
Taxes payable647  1517 
Deferred revenue111
Debt29      
Restructuring reserve1427    
Disposal group, including discontinued operation   2   
Deferred revenue and credits6168566862
Contract with customer, liability142
Other undisclosed current liabilities12326  722(17) 
Total current liabilities:7106374214961,226637651
Noncurrent Liabilities
Long-term debt and lease obligation1,4391,733     
Long-term debt, excluding current maturities1,4391,733     
Liabilities, other than long-term debt3059514612576112124
Accounts payable and accrued liabilities 5957614980 
Accrued income taxes81
Deferred income tax liabilities31
Other liabilities274358964273242
Other undisclosed noncurrent liabilities 246   (11) 
Total noncurrent liabilities:1,7442,07414612576101124
Total liabilities:2,4552,7105676211,302738775
Stockholders' equity
Stockholders' equity attributable to parent8,6797,3064,1414,0284,1405,1464,676
Common stock1111111
Additional paid in capital6,1366,1892,7333,0173,0293,1002,942
Accumulated other comprehensive income (loss)  (2)0(1)01
Retained earnings2,5411,1161,4091,0101,1112,0451,733
Total stockholders' equity:8,6797,3064,1414,0284,1405,1464,676
TOTAL LIABILITIES AND EQUITY:11,13310,0174,7084,6495,4425,8845,451

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

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Revenues2,6992,8662,4092,3182,7263,7073,404
Cost of revenue(1,342)(1,407)(947)(1,143)(1,559)(1,844)(1,664)
Cost of goods and services sold(1,342)(1,407)(947)(1,030)(1,495)(1,844)(1,664)
Gross profit:1,3571,4581,4621,1751,1671,8631,741
Operating expenses(1,545)(1,338)(1,027)(1,075)(1,984)(1,562)(1,525)
Other undisclosed operating income (loss)(55)(77)(5)  10765
Operating income (loss):(243)43430100(817)409281
Nonoperating income (expense)1,042(48)2217182726
Investment income, nonoperating512(3)2(1)1 
Foreign currency transaction gain (loss), before tax  (0)272 
Other nonoperating income (expense)1,123121(3)2326
Interest and debt expense(86)(60)(1)(0)(1)(1) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes8660101(2) 
Income (loss) from continuing operations before equity method investments, income taxes:798(5)451117(799)432306
Other undisclosed loss from continuing operations before income taxes(0)      
Income (loss) from continuing operations before income taxes:798(5)451117(799)432306
Income tax expense (benefit)786(174)(18)(73)(12)39
Net income (loss):1,584(179)43344(811)435315
Other undisclosed net income (loss) attributable to parent  88(23)   
Net income (loss) available to common stockholders, diluted:1,584(179)52121(811)435315

Comprehensive Income ($ in millions)

1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
1/31/2014
Net income (loss):1,584(179)43344(811)435315
Other comprehensive income (loss) 2(2)1(1)(0)(1)
Comprehensive income (loss):1,584(177)43145(813)435315
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)51822(813)435315

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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