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
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:7496485821,8001,7002,3002,500
Cash and cash equivalents7486485828888141,2781,211
Short-term investments   9538541,0051,319
Other undisclosed cash, cash equivalents, and short-term investments00(0)(41)3217(30)
Receivables537492493280335323421
Inventory, net of allowances, customer advances and progress billings268323276170172210308
Inventory268323276170172210308
Deferred costs  0212522 
Other undisclosed current assets647444934863115
Total current assets:1,6171,5371,3952,3642,2802,9193,344
Noncurrent Assets
Property, plant and equipment326357319202243300341
Long-term investments and receivables    51110
Long-term investments    51110
Intangible assets, net (including goodwill)7,6088,1028,0551,9932,0072,0482,061
Goodwill5,3375,3375,4951,9932,0032,0302,030
Intangible assets, net (excluding goodwill)2,2712,7652,561 41831
Deferred income tax assets672640
Other noncurrent assets542497247149113165129
Total noncurrent assets:9,1489,5968,6212,3442,3682,5242,540
TOTAL ASSETS:10,76511,13310,0174,7084,6495,4425,884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities480433441360427449587
Accounts payable252214185145143180283
Accrued liabilities38639387143132131
Employee-related liabilities189150116128140122155
Taxes payable 647  1517
Deferred revenue16111
Debt39929     
Restructuring reserve91427    
Disposal group, including discontinued operation    2  
Deferred revenue and credits61685668
Contract with customer, liability142
Other undisclosed current liabilities17212326  722(17)
Total current liabilities:1,0777106374214961,226637
Noncurrent Liabilities
Long-term debt and lease obligation9931,4391,733    
Long-term debt, excluding current maturities9931,4391,733    
Liabilities, other than long-term debt2593059514612576112
Accounts payable and accrued liabilities  5957614980
Deferred income tax liabilities 31
Other liabilities2592743589642732
Other undisclosed noncurrent liabilities  246   (11)
Total noncurrent liabilities:1,2521,7442,07414612576101
Total liabilities:2,3292,4552,7105676211,302738
Stockholders' equity
Stockholders' equity attributable to parent8,4368,6797,3064,1414,0284,1405,146
Common stock1111111
Additional paid in capital6,3316,1366,1892,7333,0173,0293,100
Accumulated other comprehensive income (loss)   (2)0(1)0
Retained earnings2,1032,5411,1161,4091,0101,1112,045
Total stockholders' equity:8,4368,6797,3064,1414,0284,1405,146
TOTAL LIABILITIES AND EQUITY:10,76511,13310,0174,7084,6495,4425,884

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
Revenues2,9692,6992,8662,4092,3182,7263,707
Cost of revenue(1,481)(1,342)(1,407)(947)(1,143)(1,559)(1,844)
Cost of goods and services sold(1,481)(1,342)(1,407)(947)(1,030)(1,495)(1,844)
Gross profit:1,4881,3571,4581,4621,1751,1671,863
Operating expenses(1,576)(1,545)(1,338)(1,027)(1,075)(1,984)(1,562)
Other undisclosed operating income (loss)(171)(55)(77)(5)  107
Operating income (loss):(258)(243)43430100(817)409
Nonoperating income (expense)(64)1,042(48)22171827
Investment income, nonoperating3512(3)2(1)1
Foreign currency transaction gain (loss), before tax   (0)272
Other nonoperating income (expense)31,123121(3)23
Interest and debt expense(69)(86)(60)(1)(0)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes698660101(2)
Income (loss) from continuing operations before equity method investments, income taxes:(322)798(5)451117(799)432
Other undisclosed loss from continuing operations before income taxes (0)     
Income (loss) from continuing operations before income taxes:(322)798(5)451117(799)432
Income tax expense (benefit)45786(174)(18)(73)(12)3
Net income (loss):(277)1,584(179)43344(811)435
Other undisclosed net income (loss) attributable to parent   88(23)  
Net income (loss) available to common stockholders, diluted:(277)1,584(179)52121(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):(277)1,584(179)43344(811)435
Other comprehensive income (loss)  2(2)1(1)(0)
Comprehensive income (loss):(277)1,584(177)43145(813)435
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   88(23)  
Comprehensive income (loss), net of tax, attributable to parent:(277)1,584(177)51822(813)435

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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