$11.1 B

MRVL Mkt cap, 18-Jan-2019

$851.1 M

Marvell Technology Revenue Q3, 2019
Marvell Technology Gross profit (Q3, 2019)383.6 M
Marvell Technology Gross profit margin (Q3, 2019), %45.1%
Marvell Technology Net income (Q3, 2019)-53.8 M
Marvell Technology EBIT (Q3, 2019)-20.5 M
Marvell Technology Cash, 03-Nov-2018610.3 M
Marvell Technology EV12.3 B

Marvell Technology Revenue

Marvell Technology revenue was $2.41 b in FY, 2018

Embed Graph

Marvell Technology Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

3.4b3.7b2.7b2.3b2.4b

Revenue growth, %

9%(26%)(15%)

Cost of goods sold

1.7b1.8b1.5b1.0b947.2m

Gross profit

1.7b1.9b1.2b1.3b1.5b

Gross profit Margin, %

51%50%45%56%61%

Sales and marketing expense

152.7m128.8m115.8m

R&D expense

1.2b1.1b831.4m714.4m

General and administrative expense

106.5m146.1m127.4m238.2m

Operating expense total

3.1b3.5b2.2b1.0b

EBIT

280.7m408.8m(816.7m)100.0m429.7m

EBIT margin, %

8%11%(30%)4%18%

Interest income

25.6m23.3m17.7m17.0m21.5m

Pre tax profit

306.3m432.2m(799.1m)117.0m451.2m

Income tax expense

(9.1m)(3.2m)12.3m73.0m18.1m

Net Income

315.3m435.3m(811.4m)21.2m520.8m

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

931.2m957.8m961.5m930.1m710.5m724.3m674.9m540.8m626.4m654.4m579.2m604.8m616.3m604.6m665.3m851.1m

Cost of goods sold

465.0m493.9m477.7m455.0m461.7m351.2m379.3m259.2m287.6m286.1m230.5m239.6m238.5m228.9m288.2m467.5m

Gross profit

466.2m464.0m483.8m475.2m248.8m373.1m295.6m281.6m338.8m368.4m348.6m365.2m377.8m375.7m377.1m383.6m

Gross profit Margin, %

50%48%50%51%35%52%44%52%54%56%60%60%61%62%57%45%

Sales and marketing expense

37.5m38.4m33.9m34.4m31.4m31.1m30.6m

R&D expense

296.3m295.4m294.8m288.4m285.6m280.1m252.5m240.5m228.9m222.5m193.0m180.9m165.5m176.7m216.3m264.9m

General and administrative expense

26.6m30.6m31.3m33.5m35.2m41.0m33.2m32.0m36.2m28.9m55.2m55.7m59.1m72.3m133.7m112.2m

Operating expense total

836.0m864.8m841.1m814.6m1.5b711.0m734.0m569.9m586.9m571.5m249.7m240.8m227.9m250.6m385.4m404.1m

EBIT

95.2m93.0m120.5m115.5m(773.2m)13.3m(59.1m)(29.1m)39.5m83.0m98.9m(8.3m)(20.5m)

EBIT margin, %

10%10%13%12%(109%)2%(9%)(5%)6%13%17%(1%)(2%)

Interest expense

15.8m22.4m

Interest income

1.5m1.9m12.3m4.8m6.8m5.2m4.6m1.5m6.3m5.5m3.3m7.2m6.2m7.3m14.9m24.0m

Pre tax profit

96.8m94.9m132.7m120.3m(766.4m)18.4m(54.4m)(27.6m)45.8m88.4m102.2m131.6m156.1m132.4m(23.2m)(44.5m)

Income tax expense

(6.4m)(4.6m)(6.2m)5.0m5.5m4.3m3.3m(5.0m)(5.5m)15.8m5.3m(3.9m)6.8m3.8m(30.0m)9.3m

Net Income

103.2m99.5m138.9m115.3m(771.9m)14.1m(57.7m)(22.7m)51.3m72.6m106.6m165.3m200.2m128.6m6.8m(53.8m)

Marvell Technology Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

965.8m1.2b1.3b814.1m888.5m

Accounts Receivable

Inventories

347.9m308.2m210.0m172.0m170.0m

Current Assets

2.8b3.3b2.9b2.3b2.4b

PP&E

356.2m340.6m299.5m243.4m202.2m

Goodwill

2.0b2.0b2.0b2.0b

Total Assets

5.5b5.9b5.4b4.6b4.7b

Accounts Payable

316.4m282.9m180.4m143.5m145.2m

Short-term debt

Current Liabilities

651.3m637.4m1.2b496.4m421.1m

Long-term debt

Total Debt

Total Liabilities

775.1m1.3b621.0m566.9m

Additional Paid-in Capital

2.9b3.1b3.0b3.0b2.7b

Retained Earnings

1.7b2.0b1.1b1.0b1.4b

Total Equity

4.7b5.1b4.1b4.0b4.1b

Financial Leverage

1.2 x1.1 x1.3 x1.2 x1.1 x

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

796.3m1.1b1.3b1.2b927.5m1.0b897.1m780.2m718.8m751.6m726.0m630.5m800.1m1.2b498.7m610.3m

Accounts Receivable

466.7m517.1m498.5m445.1m417.7m393.8m380.9m280.7m348.7m362.2m357.1m371.7m366.1m329.7m443.3m453.8m

Inventories

380.4m350.6m394.0m356.4m327.1m339.9m279.4m196.7m202.7m198.8m178.1m175.4m173.7m169.6m473.4m376.2m

Current Assets

2.7b3.1b3.3b3.3b3.2b3.3b3.0b2.1b2.2b2.3b2.3b2.2b2.4b2.4b1.5b1.5b

PP&E

358.2m349.3m344.8m343.1m322.3m325.8m309.6m283.6m274.8m266.0m239.4m235.4m198.2m213.7m327.6m313.1m

Goodwill

2.0b2.0b2.0b2.0b2.0b2.0b2.0b2.0b2.0b2.0b2.0b5.5b5.5b

Total Assets

5.3b5.7b5.9b5.8b5.7b5.8b5.5b4.7b4.7b4.8b4.6b4.6b4.7b4.9b10.4b10.2b

Accounts Payable

400.4m409.0m415.7m341.4m289.0m297.1m236.7m193.7m213.0m183.3m179.0m153.9m166.1m157.0m196.3m209.6m

Current Liabilities

757.0m789.8m792.0m705.4m1.4b616.5m1.3b484.7m504.5m503.2m540.3m462.6m478.1m444.6m608.2m656.2m

Long-term debt

1.9b1.8b

Total Debt

1.9b1.8b

Total Liabilities

884.7m913.5m904.2m814.9m1.5b710.8m1.4b557.3m557.6m574.0m674.4m613.4m621.3m578.8m2.7b2.7b

Additional Paid-in Capital

2.8b3.0b3.0b3.0b3.0b3.1b3.0b3.0b3.1b3.1b2.9b2.8b2.7b2.7b6.2b6.2b

Retained Earnings

1.7b1.8b1.9b2.0b1.2b2.0b1.1b1.1b1.1b1.1b1.1b1.2b1.4b1.5b1.5b1.4b

Total Equity

4.5b4.8b5.0b5.0b4.2b5.1b4.1b4.1b4.2b4.2b4.0b4.0b4.1b4.3b7.7b7.6b

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.3 x1.1 x1.3 x1.1 x1.1 x1.1 x1.2 x1.2 x1.2 x1.1 x1.4 x1.4 x

Marvell Technology Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

315.3m435.3m(811.4m)21.2m520.8m

Depreciation and Amortization

102.8m106.2m100.2m107.9m83.5m

Accounts Receivable

(123.3m)34.2m97.7m(12.1m)55.0m

Inventories

(97.2m)39.5m90.6m29.3m(12.2m)

Accounts Payable

39.8m(43.9m)(105.9m)(28.2m)(16.6m)

Cash From Operating Activities

448.0m728.9m205.4m(358.4m)571.1m

Purchases of PP&E

(66.6m)(63.0m)(37.3m)(44.5m)(38.6m)

Cash From Investing Activities

74.8m(368.9m)201.7m161.6m39.5m

Cash From Financing Activities

(309.0m)(114.8m)(339.8m)(267.2m)(536.2m)

Interest Paid

1.9m1.2m

Income Taxes Paid

9.4m15.7m

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q2, 2015Q1, 2015Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

218.2m99.5m238.3m353.7m(757.8m)14.1m(815.6m)(22.7m)28.6m101.2m106.6m271.9m472.1m128.6m135.4m81.6m

Depreciation and Amortization

76.6m27.0m53.3m79.8m51.8m26.6m77.4m21.8m54.0m81.2m20.7m41.2m62.6m20.3m47.1m86.4m

Accounts Receivable

(136.5m)(63.6m)(30.2m)23.3m3.2m27.1m40.0m42.6m(25.4m)(38.9m)(21.8m)(36.3m)(30.7m)(47.4m)(48.7m)(59.7m)

Inventories

(129.4m)(3.1m)(46.3m)(8.8m)(18.4m)(31.3m)21.0m13.6m7.2m10.9m(11.5m)(14.7m)(16.0m)2.7m6.9m1.9m

Accounts Payable

128.3m85.1m87.7m16.9m12.0m17.1m(43.7m)19.9m40.4m10.5m31.4m4.0m20.1m14.7mwdxefcqufszuzezftuxetqsqxt(271.0k)22.3m

Cash From Operating Activities

347.6m235.1m392.1m586.7m85.5m58.9m152.0m(609.6m)(598.7m)(477.3m)135.1m236.4m451.4m128.8m190.7m490.1m

Purchases of PP&E

(53.3m)(16.1m)(32.0m)(48.6m)(24.3m)(7.3m)(33.4m)(6.5m)(24.4m)(37.7m)(10.0m)(14.0m)(25.2m)(13.6m)(34.4m)(47.0m)

Cash From Investing Activities

82.1m(5.2m)(270.0m)(136.6m)(166.6m)(136.8m)162.4m125.4m117.3m(18.3m)(31.0m)63.0m216.7m(1.8b)(1.8b)

Cash From Financing Activities

(385.2m)(35.3m)(20.1m)(98.5m)(232.3m)(64.5m)(329.2m)(50.7m)(86.1m)(166.6m)(205.0m)(388.9m)(528.3m)(66.7m)1.2b1.0b

Marvell Technology Ratios

USDY, 2018

EV/EBIT

-599.3 x

EV/CFO

25.1 x

Financial Leverage

1.4 x
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Marvell Technology Employee Rating

3.7863 votes
Culture & Values
3.7
Work/Life Balance
3.9
Senior Management
3.5
Salary & Benefits
3.5
Career Opportunities
3.6
Source