Marvell Technology, Inc. (MRVL) quarterly cash flow statement — complete operating, investing & financing history
Marvell Technology, Inc. (MRVL) cash flow statement — 27-year operating, investing & financing cash flows
| Metric | Q2'27 | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|
| Cash from Operations | 605.5M | 638.8M | 373.7M | 582.3M | 461.6M | 332.9M | 514M | 536.3M | 306.4M | 324.5M | 546.6M | 503M | 112.5M | 208.4M | 351.5M | 411M | 331.5M | 194.8M | 346.32M | 264.7M |
| Operating CF Margin % | 22.1% | 26.42% | 16.84% | 28.07% | 23.01% | 17.56% | 28.28% | 35.37% | 24.07% | 27.95% | 38.32% | 35.46% | 8.39% | 15.77% | 24.78% | 26.74% | 21.85% | 13.46% | 25.79% | 21.85% |
| Operating CF Growth % | 31.17% | 91.89% | -27.3% | 8.58% | 50.65% | 2.59% | -5.96% | 6.62% | 172.36% | 55.71% | 55.51% | 22.38% | -66.06% | 6.98% | 1.49% | 55.27% | 49.26% | 1521.9% | 118.78% | 2.78% |
| Net Income | 308M | 34.5M | 396.1M | 1.9B | 194.8M | 177.9M | 200.2M | -676.3M | -193.3M | -215.6M | -392.7M | -164.3M | -207.5M | -168.9M | -15.4M | 13.3M | 4.3M | -165.7M | 6.17M | -62.6M |
| Depreciation & Amortization | 308M | 320.6M | 317M | 315.9M | 327.8M | 329.9M | 325.9M | 341.5M | 352M | 337.5M | 360.1M | 341.9M | 347.3M | 348.4M | 351.1M | 344.3M | 348.7M | 348.2M | 371.04M | 350.9M |
| Stock-Based Compensation | 326.2M | 207.6M | 143M | 152.1M | 153.6M | 142.1M | 147.6M | 158.4M | 154.9M | 136.5M | 155.3M | 158.5M | 152.8M | 143.2M | 130.7M | 146.1M | 144.5M | 131.1M | 134.76M | 119.1M |
| Deferred Taxes | 24.9M | 13.8M | 44.4M | 7M | -4.9M | -4.3M | -5.7M | -47.9M | -36.1M | -22.2M | 434.5M | -57M | -87.6M | -139.1M | -3.2M | -124.8M | 13.4M | 165M | -26.32M | -16M |
| Other Non-Cash Items | 87.1M | 273.9M | -567.7M | -1.83B | 36.7M | 30.1M | 28.5M | 530.8M | 12.9M | 22.5M | 15.7M | 19M | 30.2M | 22.9M | 22.5M | 44.7M | 23.8M | 16M | 15.87M | 39.8M |
| Working Capital Changes | -448.7M | -211.6M | 40.9M | 32.1M | -246.4M | -342.8M | -182.5M | 229.8M | 16M | 65.8M | -26.3M | 204.9M | -122.7M | 1.9M | -134.2M | -12.6M | -203.2M | -299.8M | -155.19M | -166.5M |
| Change in Receivables | -346.6M | 314.9M | -640.2M | -94.7M | -307.7M | -115.6M | -30.5M | 62.2M | -178.2M | 239.7M | 93M | -5.5M | -208.2M | 191.3M | 198.8M | -101.8M | -100.2M | -139.5M | -67.64M | -192.2M |
| Change in Inventory | 48.3M | -11.4M | -370.5M | 35.2M | 15.4M | -69.9M | -169.8M | -108.2M | 9.2M | 38.8M | 78.8M | 70.6M | 11.3M | 41.2M | -122.5M | -56.3M | -81.3M | -125.8M | -91.21M | -118.4M |
| Change in Payables | 22.3M | -355.9M | 378.4M | -11M | -30.7M | -37.4M | 71.7M | 75M | 93.1M | -58.3M | -61.6M | -700K | 18M | -104.8M | -53.9M | -37.8M | -57.5M | 61.4M | -631K | 93.2M |
| Cash from Investing | -130.3M | -1.42B | -122.1M | 2.39B | -77.2M | -94.1M | -70.3M | -75.5M | -53M | -101.9M | -76.2M | -54.6M | -117M | -102.7M | -64.2M | -51.9M | -129.9M | -82.4M | -63.09M | -19.2M |
| Capital Expenditures | -126.7M | -155.7M | -114.3M | -73.5M | -47.5M | -118.8M | -69.9M | -75M | -48.2M | -91.5M | -71M | -54.4M | -111.1M | -99.8M | -54M | -42.7M | -72.6M | -36.9M | -38.84M | -76.8M |
| CapEx % of Revenue | 4.63% | 6.44% | 5.15% | 3.54% | 2.37% | 6.27% | 3.85% | 4.95% | 3.79% | 7.88% | 4.98% | 3.83% | 8.29% | 7.55% | 3.81% | 2.78% | 4.79% | 2.55% | 2.89% | 6.34% |
| Acquisitions | 0 | -1.27B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.5M | 0 | -5.5M | 0 | -9.3M | -4.4M | -54.6M | -44M | -15.21M | 60.4M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3.6M | 5.2M | -7.8M | 2.46B | -29.7M | 24.7M | -400K | -500K | -4.8M | -10.4M | -10.7M | -200K | -400K | -2.9M | -900K | -4.8M | -2.7M | -1.5M | -9.04M | -2.8M |
| Cash from Financing | -386M | 1.99B | -327.3M | -1.48B | -45.9M | -301.2M | -363.5M | -401.4M | -292.4M | -325.7M | -245.2M | -146.2M | -600.4M | 11.6M | -99.7M | -252.8M | -49.5M | -260.9M | -193.2M | -281.6M |
| Debt Issued (Net) | 27.2M | 498.9M | 0 | 54.3M | 240.8M | 167.2M | -32.8M | -32.8M | -21.9M | -21.9M | -21.9M | 38.4M | -521.8M | 178.1M | -21.8M | -91.9M | 59M | -10.9M | -10.94M | -151.2M |
| Equity Issued (Net) | -145.8M | 1.8B | -200.1M | -1.3B | -200M | -340M | -200M | -200M | -175M | -150M | -100M | -50M | 0 | 0 | 0 | -50M | -50M | -15M | 0 | 0 |
| Dividends Paid | -53.9M | -53.8M | -50.8M | -50.8M | -51.7M | -51.8M | -51.9M | -51.9M | -51.9M | -51.8M | -51.9M | -51.8M | -51.7M | -51.4M | -51.3M | -51.1M | -51.1M | -50.9M | -50.73M | -50.4M |
| Share Repurchases | -200M | -200M | -200.1M | -1.3B | -200M | -340M | -200M | -200M | -175M | -150M | -100M | -50M | 0 | 0 | 0 | -50M | -50M | -15M | 0 | 0 |
| Other Financing | -213.5M | -261M | -76.4M | -186.9M | -35M | -76.6M | -78.8M | -116.7M | -43.6M | -102M | -71.4M | -82.8M | -26.9M | -115.1M | -26.6M | -59.8M | -7.4M | -184.1M | -131.53M | -80M |
| Net Change in Cash | 89.2M | 1.2B | -75.7M | 1.49B | 338.5M | -62.4M | 80.2M | 59.4M | -39M | -103.1M | 225.2M | 302.2M | -604.9M | 117.3M | 187.6M | 106.3M | 152.1M | -148.5M | 90.03M | -36.1M |
| Free Cash Flow | 478.8M | 483.1M | 259.4M | 508.8M | 413M | 213M | 443.3M | 460.8M | 253M | 232.5M | 465M | 448.3M | 1.2M | 105.8M | 295.5M | 363.4M | 256.3M | 156.3M | 299.06M | 185.2M |
| FCF Margin % | 17.48% | 19.98% | 11.69% | 24.53% | 20.59% | 11.24% | 24.39% | 30.39% | 19.88% | 20.03% | 32.6% | 31.6% | 0.09% | 8% | 20.83% | 23.64% | 16.9% | 10.8% | 22.27% | 15.29% |
| FCF Growth % | 15.93% | 126.81% | -41.48% | 10.42% | 63.24% | -8.39% | -4.67% | 2.79% | 20983.33% | 119.75% | 57.36% | 23.36% | -99.53% | -32.31% | -1.19% | 96.22% | 37.28% | 505.97% | 120.69% | -16% |
| FCF per Share | 0.52 | 0.54 | 0.30 | 0.58 | 0.47 | 0.24 | 0.51 | 0.53 | 0.29 | 0.27 | 0.54 | 0.52 | 0.00 | 0.12 | 0.35 | 0.42 | 0.30 | 0.18 | 0.35 | 0.22 |
| FCF Conversion (FCF/Net Income) | 1.97x | 18.52x | 0.94x | 0.31x | 2.37x | 1.87x | 2.57x | -0.79x | -1.59x | -1.51x | -1.39x | -3.06x | -0.54x | -1.23x | -22.82x | 30.90x | 77.09x | -1.18x | 56.15x | -4.23x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |