Marvell Technology Cash Flow Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Feb '25 Feb 1, 2025	Feb '24 Feb 3, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022
Net Income	2,670	-885	-933.4	-163.5	-421
Depreciation & Amortization	1,291	1,357	1,398	1,392	1,245
Stock-Based Compensation	590.8	597.4	609.8	552.4	460.7
Other Adjustments	-1,693	482.8	238.6	157.4	197.2
Change in Receivables	-1,158	93.2	70.6	-142.7	-409
Changes in Inventories	-389.8	-230	201.9	-385.9	-291.9
Changes in Accounts Payable	299.3	181.5	-149.1	-87.8	93.2
Changes in Accrued Expenses	-10.5	43.5	18.3	2.5	29.6
Changes in Other Operating Activities	150.9	40.9	-83.9	-35.9	-84.8
Operating Cash Flow	1,751	1,681	1,371	1,289	819.3
Operating Cash Flow Growth	4.12%	22.67%	6.34%	57.30%	0.24%
Capital Expenditures	-354.1	-284.6	-336.3	-206.2	-169.2
Sale of Property, Plant & Equipment	27.4	0.5	0.3	-	-
Purchases of Intangible Assets	-4.5	-7	-13.9	-11.1	-17.7
Payments for Business Acquisitions	-	-10.4	-	-112.3	-3,555
Proceeds from Business Divestments	2,479	-	-	-	-
Other Investing Activities	-49.6	0.8	-0.6	1.2	-3.2
Investing Cash Flow	2,098	-300.7	-350.5	-328.4	-3,745
Long-Term Debt Issued	1,199	-	1,295	200	3,896
Long-Term Debt Repaid	-790.6	-109.4	-1,623	-265.6	-708
Net Long-Term Debt Issued (Repaid)	408	-109.4	-327.2	-65.6	3,188
Issuance of Common Stock	78.7	87.6	99.2	91.3	84.5
Repurchase of Common Stock	-2,281	-999.9	-373.7	-342.6	-305.8
Net Common Stock Issued (Repurchased)	-2,202	-912.3	-274.5	-251.3	-221.3
Common Dividends Paid	-205.1	-207.5	-206.8	-204.4	-191
Other Financing Activities	-158.6	-153.8	-171.7	-141.6	15
Financing Cash Flow	-2,158	-1,383	-980.2	-662.9	2,791
Net Cash Flow	1,691	-2.5	39.8	297.5	-135
Free Cash Flow	1,396	1,397	1,034	1,083	650.1
Free Cash Flow Growth	-0.01%	35.04%	-4.47%	66.53%	-8.50%
FCF Margin	17.04%	24.22%	18.78%	18.29%	14.57%
Free Cash Flow Per Share	1.61	1.61	1.20	1.27	0.82
Levered Free Cash Flow	4,065	113.8	-212	449.9	3,589
Unlevered Free Cash Flow	2,146	395.71	350.18	221.74	519.45

Updated Jan 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.