MARVELL TECHNOLOGY, INC (MRVL) FY2026 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-02-02 to 2026-01-31

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MARVELL TECHNOLOGY, INC cash flow reconciliation, Feb 2, 2025 through Jan 31, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $1,750,500,000.00Net income (loss) → Operating adjustments reconciliation: $919,600,000.00Amortization of acquired intangible assets → Operating adjustments reconciliation: $942,000,000.00Stock-based compensation → Operating adjustments reconciliation: $590,800,000.00Accrued liabilities and other non-current liabilities → Operating adjustments reconciliation: $393,300,000.00Depreciation and amortization → Operating adjustments reconciliation: $348,600,000.00Accounts payable → Operating adjustments reconciliation: $299,300,000.00Other expense, net → Operating adjustments reconciliation: $109,500,000.00Deferred income taxes → Operating adjustments reconciliation: $42,200,000.00Operating adjustments reconciliation → Gain on sale of business: $1,830,400,000.00Operating adjustments reconciliation → Accounts receivable: $1,158,200,000.00Operating adjustments reconciliation → Inventories: $389,800,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $242,400,000.00Operating adjustments reconciliation → Restructuring related charges (gains), net: $14,000,000.00Operating adjustments reconciliation → Accrued employee compensation: $10,500,000.00Net proceeds from sale of business → investing reconciliation: $2,478,600,000.00Proceeds from sales of property and equipment → investing reconciliation: $27,400,000.00investing reconciliation → Net cash from investing activities: $2,097,800,000.00investing reconciliation → Purchases of property and equipment: $354,100,000.00investing reconciliation → Other, net: $49,600,000.00investing reconciliation → Purchases of technology licenses: $4,500,000.00Net cash used in financing activities → financing reconciliation: $2,157,800,000.00Proceeds from borrowings → financing reconciliation: $1,198,600,000.00Proceeds from employee stock plans → financing reconciliation: $78,700,000.00financing reconciliation → Repurchases of common stock: $2,040,100,000.00financing reconciliation → Principal payments of debt: $790,600,000.00financing reconciliation → Tax withholding paid on behalf of employees for net share settlement: $240,700,000.00financing reconciliation → Dividend payments to stockholders: $205,100,000.00financing reconciliation → Payments on technology license obligations: $128,300,000.00financing reconciliation → Other, net: $30,300,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $948,300,000.00Net cash from operating activities → Cash sources and uses: $1,750,500,000.00Net cash from investing activities → Cash sources and uses: $2,097,800,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,638,800,000.00Cash sources and uses → Net cash used in financing activities: $2,157,800,000.00Net income (loss): $2,670,100,000.00Net income (loss)+$2.67 BDepreciation and amortization: $348,600,000.00Other D&A+$348.60 MStock-based compensation: $590,800,000.00Stock-based compensation+$590.80 MDeferred income taxes: $42,200,000.00Deferred income taxes+$42.20 MOther expense, net: $109,500,000.00Other non-cash items+$109.50 MAccounts receivable: -$1,158,200,000.00Accounts receivable−$1.16 BInventories: -$389,800,000.00Inventories−$389.80 MPrepaid expenses and other assets: -$242,400,000.00Prepaid & other assets−$242.40 MAccounts payable: $299,300,000.00Accounts payable+$299.30 MAccrued employee compensation: -$10,500,000.00Accrued compensation−$10.50 MRestructuring related charges (gains), net: -$14,000,000.00Restructuring charges, net−$14.00 MAmortization of acquired intangible assets: $942,000,000.00Intangible amortization+$942.00 MAccrued liabilities and other non-current liabilities: $393,300,000.00Accrued & other liabilities+$393.30 MGain on sale of business: -$1,830,400,000.00Business sale gain & loss−$1.83 BNet cash from operating activities: $1,750,500,000.00Operating cash+$1.75 BOperating adjustments reconciliation: $3,645,300,000.00Repurchases of common stock: -$2,040,100,000.00Common stock repurchases−$2.04 BProceeds from employee stock plans: $78,700,000.00Employee stock plan proceeds+$78.70 MTax withholding paid on behalf of employees for net share settlement: -$240,700,000.00Stock-award tax withholding−$240.70 MDividend payments to stockholders: -$205,100,000.00Dividends paid−$205.10 MPayments on technology license obligations: -$128,300,000.00Technology license payments−$128.30 MProceeds from borrowings: $1,198,600,000.00Debt issued+$1.20 BPrincipal payments of debt: -$790,600,000.00Long-term debt repaid−$790.60 MOther, net: -$30,300,000.00Other financing, net−$30.30 MNet cash used in financing activities: -$2,157,800,000.00. Cash required to fund net payments.Financing cash−$2.16 Bfinancing reconciliation: $3,435,100,000.00Purchases of technology licenses: -$4,500,000.00Intangible asset purchases−$4.50 MPurchases of property and equipment: -$354,100,000.00PP&E purchases−$354.10 MAcquisitions, net of cash acquired: $0.00Other, net: -$49,600,000.00Other investing, net−$49.60 MProceeds from sales of property and equipment: $27,400,000.00PP&E sales+$27.40 MNet proceeds from sale of business: $2,478,600,000.00Business sales, net of cash+$2.48 BNet cash from investing activities: $2,097,800,000.00Investing cash+$2.10 Binvesting reconciliation: $2,506,000,000.00Cash sources and uses: $4,796,600,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $948,300,000.00Beginning cash$948.30 MEnding cash: Cash, cash equivalents, and restricted cash: $2,638,800,000.00Ending cash$2.64 BCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.40 BOperating cash − cash spent on PP&ECash flow / Net income0.66×Operating cash flow ÷ net incomeNet cash change+$1.69 BEnding cash − beginning cash
Chart details

MARVELL TECHNOLOGY, INC cash flow reconciliation, Feb 2, 2025 through Jan 31, 2026

Cash flows for Feb 2, 2025 through Jan 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Feb 1, 2025. Ending cash: Jan 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Feb 1, 2025
948,300,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,750,500,000 US dollars. Net cash provided.
Net income (loss)
2,670,100,000 US dollars
Depreciation and amortization
348,600,000 US dollars
Stock-based compensation
590,800,000 US dollars
Deferred income taxes
42,200,000 US dollars
Other expense, net
109,500,000 US dollars
Accounts receivable
negative 1,158,200,000 US dollars
Inventories
negative 389,800,000 US dollars
Prepaid expenses and other assets
negative 242,400,000 US dollars
Accounts payable
299,300,000 US dollars
Accrued employee compensation
negative 10,500,000 US dollars
Restructuring related charges (gains), net
negative 14,000,000 US dollars
Amortization of acquired intangible assets
942,000,000 US dollars
Accrued liabilities and other non-current liabilities
393,300,000 US dollars
Gain on sale of business
negative 1,830,400,000 US dollars
Investing activities
2,097,800,000 US dollars. Net cash provided.
Purchases of technology licenses
negative 4,500,000 US dollars
Purchases of property and equipment
negative 354,100,000 US dollars
Acquisitions, net of cash acquired
0 US dollars
Other, net
negative 49,600,000 US dollars
Proceeds from sales of property and equipment
27,400,000 US dollars
Net proceeds from sale of business
2,478,600,000 US dollars
Financing activities
negative 2,157,800,000 US dollars. Net cash used.
Repurchases of common stock
negative 2,040,100,000 US dollars
Proceeds from employee stock plans
78,700,000 US dollars
Tax withholding paid on behalf of employees for net share settlement
negative 240,700,000 US dollars
Dividend payments to stockholders
negative 205,100,000 US dollars
Payments on technology license obligations
negative 128,300,000 US dollars
Proceeds from borrowings
1,198,600,000 US dollars
Principal payments of debt
negative 790,600,000 US dollars
Other, net
negative 30,300,000 US dollars
Operating adjustment reconciliation
3,645,300,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,435,100,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
2,506,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jan 31, 2026
2,638,800,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
4,796,600,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,690,500,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.66×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,750,500,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
354,100,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,396,400,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $1.75B of net income directly to operating cash and $919.60M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,750,500,000 US dollars minus 354,100,000 US dollars equals 1,396,400,000 US dollars.
MARVELL TECHNOLOGY, INC (MRVL) FY2026 Annual Statement of Cash Flows Sankey chart
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