For the year ending 2026-01-31, MRVL had $1,690.5M increase in cash & cash equivalents over the period. $1,396.4M in free cash flow.
| Cash Flow | 2026-01-31 | 2025-02-01 | 2024-02-03 | 2023-01-28 |
|---|---|---|---|---|
| Net revenue | 8,194.6 | 5,767.3 | - | - |
| Product costs | 3,322.8 | 2,246.7 | - | - |
| Employee compensation and related in operating expenses | 1,359 | 1,319.9 | - | - |
| Amortization of acquired intangible assets | 942 | 1,052.6 | - | - |
| Restructuring related charges, net | 16 | 711.8 | - | - |
| Stock-based compensation | 590.8 | 597.4 | - | - |
| Engineering design related costs | 265.4 | 219.1 | - | - |
| Interest expense | 202.6 | 189.4 | - | - |
| Provision (benefit) for income taxes | 376.5 | -9.7 | - | - |
| Other segment items | -1,550.6 | 325.1 | - | - |
| Net income (loss) | 2,670.1 | -885 | -933.4 | -163.5 |
| Depreciation and amortization | 348.6 | 304.3 | 299.8 | 304.9 |
| Stock-based compensation | 590.8 | 597.4 | 609.8 | 552.4 |
| Amortization of acquired intangible assets | 942 | 1,052.6 | 1,097.9 | 1,087.4 |
| Amortization of inventory fair value adjustment associated with acquisitions | - | 0 | 0 | 38.7 |
| Amortization of deferred debt issuance costs and debt discounts | - | - | 10.7 | 10.3 |
| Restructuring related charges (gains), net | -14 | 528.8 | 32.9 | 5.6 |
| Deferred income taxes | 42.2 | -111.9 | 150.8 | 50.4 |
| Gain on sale of business | 1,830.4 | - | - | - |
| Other expense, net | -109.5 | -65.9 | -44.2 | -52.4 |
| Accounts receivable | 1,158.2 | -93.2 | -70.6 | 142.7 |
| Prepaid expenses and other assets | 242.4 | -3.4 | 93.1 | 480.4 |
| Inventories | 389.8 | 230 | -201.9 | 385.9 |
| Accounts payable | 299.3 | 181.5 | -149.1 | -87.8 |
| Accrued employee compensation | -10.5 | 43.5 | 18.3 | 2.5 |
| Accrued liabilities and other non-current liabilities | 393.3 | 37.5 | 9.2 | 444.5 |
| Net cash provided by operating activities | 1,750.5 | 1,681.2 | 1,370.5 | 1,288.8 |
| Purchases of technology licenses | 4.5 | 7 | 13.9 | 11.1 |
| Purchases of property and equipment | 354.1 | 284.6 | 336.3 | 206.2 |
| Proceeds from sales of property and equipment | 27.4 | - | - | - |
| Acquisitions, net of cash acquired | 0 | 10.4 | 0 | 112.3 |
| Net proceeds from sale of business | 2,478.6 | - | - | - |
| Other, net | 49.6 | -1.3 | 0.3 | -1.2 |
| Net cash provided by (used in) investing activities | 2,097.8 | -300.7 | -350.5 | -328.4 |
| Repurchases of common stock | 2,040.1 | 725 | 150 | 115 |
| Proceeds from employee stock plans | 78.7 | 87.6 | 99.2 | 91.3 |
| Tax withholding paid on behalf of employees for net share settlement | 240.7 | 274.9 | 223.7 | 227.6 |
| Dividend payments to stockholders | 205.1 | 207.5 | 206.8 | 204.4 |
| Payments on technology license obligations | 128.3 | 153.6 | 150.3 | 142.5 |
| Proceeds from borrowings | 1,198.6 | 0 | 1,295.3 | 200 |
| Principal payments of debt | 790.6 | 109.4 | 1,622.5 | 265.6 |
| Payment for repurchases and settlement of convertible notes | - | - | 0 | 0 |
| Proceeds from capped calls | - | - | 0 | 0 |
| Payment of equity and debt financing costs | - | - | - | 0 |
| Other, net | -30.3 | -0.2 | -21.4 | 0.9 |
| Net cash used in financing activities | -2,157.8 | -1,383 | -980.2 | -662.9 |
| Net increase (decrease) in cash and cash equivalents | 1,690.5 | -2.5 | 39.8 | 297.5 |
| Cash and cash equivalents at beginning of the year | 948.3 | 950.8 | 911 | 613.5 |
| Cash and cash equivalents at end of the year | 2,638.8 | 948.3 | 950.8 | 911 |
Marvell Technology, Inc. (MRVL)
Marvell Technology, Inc. (MRVL)