MARVELL TECHNOLOGY GROUP LTD

CIK:0001058057|SEC Filings
v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Feb. 02, 2019
Income Statement [Abstract]      
Net revenue $ 2,968,900 $ 2,699,161 $ 2,865,791
Cost of goods sold 1,480,550 1,342,220 1,407,399
Gross profit 1,488,350 1,356,941 1,458,392
Operating expenses:      
Research and development 1,072,740 1,080,391 914,009
Selling, general and administrative 467,240 464,580 424,360
Legal settlement 36,000 0 0
Restructuring related charges 170,759 55,328 76,753
Total operating expenses 1,746,739 1,600,299 1,415,122
Operating income (loss) (258,389) (243,358) 43,270
Interest income 2,599 4,816 11,926
Interest expense (69,264) (85,631) (60,362)
Other income, net 2,886 1,122,555 519
Interest and other income (loss), net (63,779) 1,041,740 (47,917)
Income (loss) before income taxes (322,168) 798,382 (4,647)
Provision (benefit) for income taxes (44,870) (786,009) 174,447
Net income (loss) $ (277,298) $ 1,584,391 $ (179,094)
Net loss per share - Basic (in dollars per share) $ (0.41) $ 2.38 $ (0.30)
Net loss per share - Diluted (in dollars per share) $ (0.41) $ 2.34 $ (0.30)
Weighted-average shares:      
Basic (in shares) 668,772 664,709 591,232
Diluted (in shares) 668,772 676,094 591,232