MRVL » Topics » Interest Expense

This excerpt taken from the MRVL 10-Q filed Jun 11, 2009.

Interest Expense

 

     Three Months Ended     %
Change
 
     May 2,
2009
    May 3,
2008
   
     (in thousands, except percentages)  

Interest expense

   $ (88 )   $ (7,151 )   (98.8 )%

% of net revenue

     0.0 %     (0.9 )%  

Interest expense consists primarily of interest paid on a term loan and capital lease obligations. The decrease in interest expense for the three months ended May 2, 2009 compared to the three months ended May 3, 2008 was primarily due to a decrease in interest expense as a result repayment of principal on the outstanding debt during the fourth quarter ended January 31, 2009.

These excerpts taken from the MRVL 10-K filed Apr 1, 2009.

Interest Expense

 

     Fiscal Years Ended     % Change
in 2009
 
     January 31,
2009
    February 2,
2008
   
     (in thousands, except percentages)  

Interest expense

   $ 17,994     $ 40,498     (55.6 )%

% of net revenue

     0.6 %     1.4 %  

Interest expense consists primarily of interest paid on debt and capital lease obligations. The decrease in interest expense of $22.5 million in fiscal 2009 compared to fiscal 2008 was primarily due to repayment of principal on the outstanding term loan obligation, lower interest rates, lower interest expense from a supply agreement with Intel and lower capital lease interest expense. Please refer to Note 8 — Term Loans for a further discussion on the term loan obligation and Note 2 — Business Combinations for more information on the supply agreement with Intel of our notes to the Consolidated Financial Statements set forth in Part II, Item 8 of this Annual Report on Form 10-K.

 

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Table of Contents

Interest Expense

 

     Fiscal Years Ended     % Change
in 2009
 
     January 31,
2009
    February 2,
2008
   
     (in thousands, except percentages)  

Interest expense

   $ 17,994     $ 40,498     (55.6 )%

% of net revenue

     0.6 %     1.4 %  

Interest expense consists primarily of interest paid on debt and capital lease obligations. The decrease in interest expense of $22.5 million in fiscal 2009 compared to fiscal 2008 was primarily due to repayment of principal on the outstanding term loan obligation, lower interest rates, lower interest expense from a supply agreement with Intel and lower capital lease interest expense. Please refer to Note 8 — Term Loans for a further discussion on the term loan obligation and Note 2 — Business Combinations for more information on the supply agreement with Intel of our notes to the Consolidated Financial Statements set forth in Part II, Item 8 of this Annual Report on Form 10-K.

 

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Table of Contents

Interest Expense

 

     Fiscal Years Ended     % Change
in 2008
 
     February 2,
2008
    January 27,
2007
   
     (in thousands, except percentages)  

Interest expense

   $ 40,498     $ 10,207     296.8 %

% of net revenue

     1.4 %     0.4 %  

Interest expense consists primarily of interest paid on debt and capital lease obligations. The increase in interest expense of $30.3 million in fiscal 2008 compared to fiscal 2007 was primarily due to the effects of a full

 

58


Table of Contents

year of interest expense on a term loan obligation and supply agreement incurred in November 2006. See Note 8 — Term Loans for a further discussion on the term loan obligation and Note 2 — Business Combinations for more information on the supply agreement with Intel.

Interest Expense

 

     Fiscal Years Ended     % Change
in 2008
 
     February 2,
2008
    January 27,
2007
   
     (in thousands, except percentages)  

Interest expense

   $ 40,498     $ 10,207     296.8 %

% of net revenue

     1.4 %     0.4 %  

Interest expense consists primarily of interest paid on debt and capital lease obligations. The increase in interest expense of $30.3 million in fiscal 2008 compared to fiscal 2007 was primarily due to the effects of a full

 

58


Table of Contents

year of interest expense on a term loan obligation and supply agreement incurred in November 2006. See Note 8 — Term Loans for a further discussion on the term loan obligation and Note 2 — Business Combinations for more information on the supply agreement with Intel.

This excerpt taken from the MRVL 10-Q filed Sep 10, 2008.

    Interest Expense

 

 

 

Three Months Ended

 

 

 

Six Months Ended

 

 

 

 

 

August 2,
2008

 

July 28,
2007

 

%
Change

 

August 2,
2008

 

July 28,
2007

 

%
Change

 

Interest expense

 

$

5,159

 

$

9,942

 

(48.1

)%

$

12,310

 

$

19,917

 

(38.2

)%

% of net revenue

 

0.6

%

1.5

%

 

 

0.7

%

1.5

%

 

 

 

Interest expense consists primarily of interest paid on a term loan and capital lease obligations. The decrease in interest expense for the three and six months ended August 2, 2008 compared to the three and six months ended July 28, 2007 was primarily due to lower interest rates on a term loan obligation, lower interest expense from a supply agreement with Intel and lower capital lease interest expense.

 

This excerpt taken from the MRVL 10-Q filed Jun 6, 2008.

Interest Expense

 

 

 

Three Months Ended

 

 

 

 

 

May 3,
2008

 

April 28,
2007

 

% Change

 

Interest expense

 

$(7,151

)

$(9,975

)

(28.3

)%

% of net revenue

 

(0.9

)%

(1.6

)%

 

 

 

Interest expense consists primarily of interest paid on a term loan and capital lease obligations. The decrease in interest expense for the first quarter of fiscal 2009 compared to the first quarter of fiscal 2008 was primarily due to lower interest rates and lower capital lease interest expense.

 

These excerpts taken from the MRVL 10-K filed Mar 28, 2008.

Interest Expense

 
  Years Ended
   
 
 
  January 27,
2007

  January 28,
2006

  % Change
in 2007

 
Interest expense   $ 10,207   $ 1,758   480.6 %
% of net revenue     0.4 %   0.1 %    

        Interest expense consists primarily of interest paid on debt and capital lease obligations. The increase in interest expense in fiscal 2007 compared to fiscal 2006 was primarily due to $7.0 million of interest expense on a term loan obligation in the fourth quarter of fiscal 2007 and higher interest expense from capital lease obligations.

66


Interest Expense















































 
 Years Ended
  
 
 
 January 27,

2007

 January 28,

2006

 % Change

in 2007

 
Interest expense $10,207 $1,758 480.6%
% of net revenue  0.4% 0.1%  




        Interest
expense consists primarily of interest paid on debt and capital lease obligations. The increase in interest expense in fiscal 2007 compared to fiscal 2006 was primarily due to
$7.0 million of interest expense on a term loan obligation in the fourth quarter of fiscal 2007 and higher interest expense from capital lease obligations.



66










This excerpt taken from the MRVL 10-Q filed Sep 6, 2007.

Interest Expense

 

Three Months Ended

 

 

 

Six Months Ended

 

 

 

 

 

July 28,
2007

 

July 29,
2006

 

Percent
Change

 

July 28,
2007

 

July 29,
2006

 

Percent
Change

 

Interest expense

 

$

9,942

 

$

623

 

1,495.8

%

$

19,917

 

$

1,222

 

1,529.9

%

% of net revenue

 

1.5

%

0.1

%

 

 

1.5

%

0.1

%

 

 

 

33




Interest expense consists primarily of interest paid on term loan and capital lease obligations. The increase in interest expense for the second quarter and first six months of fiscal 2008 compared to the second quarter and first six months of fiscal 2007 is primarily due to interest expense on a term loan obligation and supply agreement.

This excerpt taken from the MRVL 10-Q filed Jul 9, 2007.

Interest Expense

 

 

Three Months Ended

 

 

 

 

 

April 28,
2007

 

April 29,
2006

 


% Change

 

Interest expense

 

$

(9,975

)

$

(599

)

1,565.3

%

% of net revenue

 

(1.6

)%

(0.1

)%

 

 

 

30




Interest expense consists primarily of interest paid on term loan and capital lease obligations. The increase in interest expense for the first quarter of fiscal 2008 compared to the first quarter of fiscal 2007 is primarily due to $7.9 million of interest expense on a term loan obligation.

This excerpt taken from the MRVL 10-K filed Jul 2, 2007.

Interest expense

 

 

Years Ended

 

 

 

 

 

January 28,
2006

 

January 29,
2005

 

% Change
in 2006

 

Interest expense

 

 

$

1,758

 

 

 

$

1,196

 

 

 

47.0

%

 

% of net revenue

 

 

0.1

%

 

 

0.1

%

 

 

 

 

 

 

77




Interest expense consists primarily of interest paid on capital lease obligations. The increase in interest expense in fiscal 2006 compared to fiscal 2005 was primarily due to higher interest due to additional capital leases in fiscal 2006.

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