Marvell technology group ltd (MRVL)
Income statement / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09Jul'09Apr'09Oct'08Jul'08
Net revenue

717,671

662,470

656,568

662,452

744,799

851,051

665,310

604,631

615,409

616,302

604,750

572,709

560,612

623,651

597,346

519,383

492,827

674,890

710,492

724,288

787,695

930,136

961,545

957,830

931,749

931,226

807,056

734,369

775,294

780,881

816,104

796,351

742,701

950,417

897,520

802,402

900,513

959,327

896,474

855,579

842,535

803,098

640,620

521,434

791,046

842,575

Cost of goods sold

412,927

322,403

305,866

301,024

422,797

467,464

288,200

228,938

241,927

238,533

239,572

227,198

236,026

266,757

270,427

244,354

213,995

379,254

461,719

351,153

372,850

454,974

477,741

493,860

477,252

464,981

386,059

335,438

370,833

374,503

381,839

366,322

341,113

412,100

378,117

334,475

371,799

390,808

366,682

343,985

339,790

341,617

288,059

257,630

379,137

405,913

Gross profit

304,744

340,067

350,702

361,428

322,002

383,587

377,110

375,693

373,482

377,769

365,178

345,511

324,586

356,894

326,919

275,029

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Research and development

279,389

267,781

266,354

266,867

256,102

264,888

216,285

176,734

180,000

165,477

180,871

188,096

168,129

202,416

207,943

226,541

136,396

252,502

285,641

280,114

213,484

288,348

294,352

295,363

286,014

296,291

292,642

279,052

273,685

263,615

264,175

255,970

255,282

266,255

249,604

242,537

231,836

218,420

228,211

219,111

213,024

212,873

196,190

206,089

234,222

249,714

Selling, general and administrative

121,592

118,993

113,990

110,005

106,168

112,178

133,701

72,313

68,291

59,112

55,659

55,104

59,044

60,088

67,896

64,163

181,618

30,582

30,841

36,174

32,862

34,410

33,997

38,358

35,870

37,496

38,548

39,989

42,319

38,398

41,034

40,066

40,392

40,500

40,390

38,152

40,444

39,751

36,863

38,423

37,144

35,442

32,908

33,910

41,158

41,834

Restructuring Costs and Asset Impairment Charges

18,240

14,802

16,586

5,700

12,707

27,031

35,415

1,600

-3,205

3,284

4,285

886

90,475

1,164

721

4,441

4,389

35,270

13,000

592

-

1,202

735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,206

35,243

40,435

30,153

32,358

30,962

30,573

25,316

26,589

27,192

26,323

32,577

24,514

25,718

25,705

23,184

29,021

23,631

24,784

26,706

29,576

25,440

23,108

22,506

16,660

29,468

102,728

28,869

30,989

Litigation settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

654,667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-off of acquired intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,150

2,568

2,568

2,450

3,304

3,304

6,689

11,956

10,645

10,638

10,686

12,268

13,054

13,023

14,355

12,723

11,155

11,138

14,341

14,005

21,770

21,214

22,549

24,282

26,450

26,446

30,356

34,814

34,988

Restructuring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Total operating expenses

419,239

401,576

396,930

382,554

375,010

404,097

385,401

250,614

319,471

227,873

240,815

244,086

317,648

263,668

276,560

295,145

-986,893

733,964

1,483,679

711,036

660,300

814,596

841,091

864,843

841,140

836,002

755,079

691,488

731,682

714,084

725,789

702,418

672,694

759,031

702,880

654,289

684,790

700,325

678,410

647,176

636,746

633,042

573,071

630,713

718,200

763,438

Operating income (loss) from continuing operations

-114,495

-61,509

-46,228

-21,126

-53,008

-20,510

-8,291

125,079

54,011

149,896

124,363

101,425

6,938

93,226

50,359

-20,116

73,599

-59,074

-773,187

13,252

127,395

115,540

120,454

92,987

90,609

95,224

51,977

42,881

43,612

66,797

90,315

93,933

70,007

191,386

194,640

148,113

215,723

259,002

218,064

208,403

205,789

170,056

67,549

-109,279

72,846

79,137

Interest income

1,379

1,092

1,077

1,268

1,236

1,046

3,575

6,069

-

4,301

3,830

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

22,656

21,241

20,531

21,203

21,953

22,370

15,795

244

-

262

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

51

-

70

1,514

88

3,566

5,159

Other income, net

1,043,364

689

-2,197

-116

-44,059

-2,628

-2,701

1,471

12,577

2,161

3,438

3,333

3,780

5,470

6,284

1,488

1,084

4,644

6,790

5,167

4,382

4,764

12,263

1,925

12,617

1,536

8,253

3,160

6,225

2,387

5,864

1,057

5,338

7,729

2,064

-218

10,383

-1,665

4,253

-3,701

8,577

-1,303

1,793

-72

15,109

4,405

Interest and other income (loss), net

-

-19,460

-21,651

-20,051

-

-23,952

-14,921

7,296

-

6,200

7,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-

-80,969

-67,879

-41,177

-

-44,462

-23,212

132,375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations before income taxes

-

-

-

-

-

-

-

-

58,799

156,096

131,551

104,758

10,718

98,696

56,643

-18,628

74,683

-54,430

-766,397

18,419

131,777

120,304

132,717

94,912

103,226

96,760

60,230

46,041

49,837

69,184

96,179

94,990

75,345

199,115

196,704

147,895

226,198

257,337

222,276

204,651

216,038

168,683

67,828

-109,439

84,389

78,383

Provision (benefit) for income taxes

-784,266

1,532

-10,548

7,273

191,350

9,305

-29,971

3,763

10,036

6,759

-3,899

5,166

68,265

15,523

-5,823

-5,357

-2,476

3,320

5,543

4,329

1,643

5,000

-6,153

-4,567

6,097

-6,396

-1,596

-7,168

-315

368

3,105

447

-5,372

3,994

4,312

1,034

3,345

1,605

2,499

-1,116

11,217

-32,916

9,335

2,018

13,443

7,016

Income (loss) from continuing operations, net of tax

-

-

-

-

-

-

-

-

48,763

149,337

135,450

99,592

-57,547

83,173

62,466

-13,271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

0

50,851

29,809

7,029

-22,544

-10,557

-11,161

-9,408

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

1,772,673

-82,501

-57,331

-48,450

-260,698

-53,767

6,759

128,612

48,763

200,188

165,259

106,621

-80,091

72,616

51,305

-22,679

4,200

-57,750

-771,940

14,090

81,693

115,304

138,870

99,479

97,129

103,156

61,826

53,209

50,152

68,816

93,074

94,543

80,717

195,121

192,392

146,861

222,853

255,732

219,777

205,767

204,821

201,599

58,493

-111,457

70,946

71,367

Net income (loss) per share - Basic:
Continuing operations (in usd per share)

-

-

-

-

-

-

-

-

0.10

0.30

0.27

0.20

-0.10

0.16

0.12

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in usd per share)

-

-

-

-

-

-

-

-

0.00

0.11

0.06

0.01

-0.05

-0.02

-0.02

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (loss) per share - Basic (in usd per share)

2.66

-0.12

-0.09

-0.07

-0.49

-0.08

0.01

0.26

0.10

0.41

0.33

0.21

-0.16

0.14

0.10

-0.04

-0.02

-0.11

-1.49

0.03

0.16

0.22

0.27

0.20

0.19

0.21

0.13

0.11

0.10

0.12

0.17

0.16

0.14

0.32

0.32

0.23

0.34

0.39

0.34

0.32

0.34

0.32

0.09

-0.18

0.12

0.12

Net income (loss) per share - Diluted:
Continuing operations (in usd per share)

-

-

-

-

-

-

-

-

0.09

0.30

0.26

0.20

-0.11

0.16

0.12

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations (in usd per share)

-

-

-

-

-

-

-

-

0.00

0.10

0.06

0.01

-0.04

-0.02

-0.02

-0.02

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (loss) per share - diluted (in usd per share)

2.62

-0.12

-0.09

-0.07

-0.48

-0.08

0.01

0.25

0.09

0.40

0.32

0.21

-0.16

0.14

0.10

-0.04

-0.02

-0.11

-1.49

0.03

0.16

0.22

0.27

0.19

0.19

0.21

0.12

0.11

0.10

0.12

0.16

0.16

0.14

0.32

0.31

0.22

0.33

0.38

0.33

0.30

0.32

0.31

0.09

-0.18

0.11

0.11

Weighted-average shares:
Basic (in shares)

668,092

668,178

663,603

658,963

657,836

657,519

552,238

497,335

493,329

494,096

500,817

503,790

507,833

511,090

511,235

508,794

506,353

504,831

516,368

516,228

513,571

513,859

511,821

505,105

497,620

491,979

494,293

502,180

525,805

553,049

562,362

580,024

583,467

600,504

608,511

638,946

654,652

649,782

648,028

640,926

632,565

623,613

620,881

618,677

611,945

606,860

Diluted (in shares)

713,632

668,178

663,603

658,963

636,544

657,519

562,149

508,716

505,864

504,903

510,309

517,592

524,853

522,091

514,314

508,794

495,414

504,831

516,368

527,167

522,113

519,907

520,269

520,751

510,451

501,189

500,625

505,387

528,080

559,348

570,325

594,739

599,301

613,499

623,132

657,140

679,444

674,789

675,220

678,059

688,438

659,739

648,110

618,677

630,810

637,832

Cash dividends declared per share (in usd per share)

-

-

-

-

-

-

-

-

-

0.06

0.06

0.06

-

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

0.06

-

0.06

0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-