Marvell Technology (MRVL) FY2022 results: revenue $4.5 billion, up 50.3% on the year
Marvell Technology, Inc. (MRVL) reported revenue of $4.5 billion for fiscal 2022, the year ended 29 January 2022, up 50.3% on the year before. Net income was -$421 million, and diluted earnings per share $-0.53. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2022.
Revenue
$4.5 billion
+50.3% on the year
FY2015FY2022
Operating margin
-7.8%
-8.7% a year earlier
FY2015FY2022
Net income
-$421 million
FY2015FY2022
Diluted EPS
-$0.53
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
819
817
360
+0.3%
Capital expenditure
169
107
81.9
+58.5%
Free cash flow
650
710
278
-8.5%
Free cash flow margin
14.6%
23.9%
10.3%
Cash from investing
-3,745
-120
559
Cash from financing
2,791
-597
-854
Depreciation and amortisation
266
198
157
+34.4%
Share-based compensation
461
242
242
+90.7%
Buybacks
0.0
25.2
364
Dividends paid
191
161
160
+19.0%
Dividend per share
$0.24
$0.24
$0.24
0.0%
Diluted shares, weighted
797m
669m
676m
+19.2%
Shares outstanding at period end
847m
675m
663m
+25.4%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
15,702
8,436
8,679
+86.1%
Short-term borrowings
63.2
200
0.0
-68.4%
Debt
4,548
1,193
1,439
+281.3%
Operating lease liabilities
140
104
116
+34.4%
Other liabilities
1,655
832
900
+98.9%
Total liabilities and equity
22,109
10,765
11,133
+105.4%
Fixed assets
463
326
357
+41.9%
Goodwill
11,511
5,337
5,337
+115.7%
Intangible assets
6,153
2,271
2,765
+171.0%
Cash and equivalents
614
748
648
-18.0%
Receivables
1,049
537
492
+95.4%
Inventory
720
268
323
+168.6%
Other assets
1,599
1,278
1,211
+25.1%
Total assets
22,109
10,765
11,133
+105.4%
10-K for the year ended 29 January 2022, filed 10 March 2022: the filing.