MRVL » Topics » Property and equipment, net

These excerpts taken from the MRVL 10-Q filed Jun 11, 2009.

Property and equipment, net

Property and equipment, including capital leases and leasehold improvements, are stated at cost less accumulated depreciation and amortization. Depreciation for property and equipment other than buildings is computed using the straight-line method over the estimated useful lives of the assets, which ranges from three to five years. Buildings are depreciated over an estimated useful life of 30 years and building improvements are depreciated over estimated useful lives of 15 years. Land is not depreciated. Assets held under capital leases and leasehold improvements are amortized over the shorter of term of lease or their estimated useful lives.

Property and equipment, net

 

     May 2,
2009
    January 31,
2009
 

Machinery and equipment

   $ 346,919     $ 343,772  

Computer software

     76,626       75,986  

Furniture and fixtures

     23,679       23,490  

Leasehold improvements

     40,026       38,872  

Buildings

     146,294       146,294  

Building improvements

     45,452       45,329  

Land

     71,198       71,198  

Construction in progress

     583       2,483  
                
     750,777       747,424  

Less: Accumulated depreciation and amortization

     (379,548 )     (356,571 )
                
   $ 371,229     $ 390,853  
                

 

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

Property and equipment, net

 

     January 31,
2009
    February 2,
2008
 

Machinery and equipment

   $ 343,772     $ 315,797  

Computer software

     75,986       72,736  

Furniture and fixtures

     23,490       22,303  

Leasehold improvements

     38,872       33,659  

Buildings

     146,294       105,091  

Building improvements

     45,329       44,340  

Land

     71,198       61,096  

Construction in progress

     2,483       32,287  
                
     747,424       687,309  

Less: Accumulated depreciation and amortization

     (356,571 )     (271,068 )
                
   $ 390,853     $ 416,241  
                

The Company recorded depreciation expense of $95.5 million, $93.7 million and $70.8 million for fiscal 2009, 2008 and 2007, respectively. Property and equipment included $7.0 million and $9.1 million of assets acquired under capital lease at January 31, 2009 and February 2, 2008, respectively. Accumulated depreciation related to these assets was $3.6 million and $3.2 million at January 31, 2009 and February 2, 2008, respectively.

Property and equipment, net

 

     January 31,
2009
    February 2,
2008
 

Machinery and equipment

   $ 343,772     $ 315,797  

Computer software

     75,986       72,736  

Furniture and fixtures

     23,490       22,303  

Leasehold improvements

     38,872       33,659  

Buildings

     146,294       105,091  

Building improvements

     45,329       44,340  

Land

     71,198       61,096  

Construction in progress

     2,483       32,287  
                
     747,424       687,309  

Less: Accumulated depreciation and amortization

     (356,571 )     (271,068 )
                
   $ 390,853     $ 416,241  
                

The Company recorded depreciation expense of $95.5 million, $93.7 million and $70.8 million for fiscal 2009, 2008 and 2007, respectively. Property and equipment included $7.0 million and $9.1 million of assets acquired under capital lease at January 31, 2009 and February 2, 2008, respectively. Accumulated depreciation related to these assets was $3.6 million and $3.2 million at January 31, 2009 and February 2, 2008, respectively.

Property and equipment, net

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 


































































































































































   January 31,
2009
  February 2,
2008
 

Machinery and equipment

  $343,772  $315,797 

Computer software

   75,986   72,736 

Furniture and fixtures

   23,490   22,303 

Leasehold improvements

   38,872   33,659 

Buildings

   146,294   105,091 

Building improvements

   45,329   44,340 

Land

   71,198   61,096 

Construction in progress

   2,483   32,287 
         
   747,424   687,309 

Less: Accumulated depreciation and amortization

   (356,571)  (271,068)
         
  $390,853  $416,241 
         

The Company recorded depreciation expense of $95.5 million, $93.7 million and $70.8 million for
fiscal 2009, 2008 and 2007, respectively. Property and equipment included $7.0 million and $9.1 million of assets acquired under capital lease at January 31, 2009 and February 2, 2008, respectively. Accumulated depreciation
related to these assets was $3.6 million and $3.2 million at January 31, 2009 and February 2, 2008, respectively.

SIZE="2">Other noncurrent assets

 


























































































   January 31,
2009
  February 2,
2008

Long-term prepayments for foundry capacity

  $8,800  $22,800

Equity investments in privately held companies

   7,058   7,058

Severance fund

   43,121   50,235

Technology licenses

   24,108   25,209

Deferred tax assets, non-current

   41,575   22,975

Other

   13,665   28,830
        
  $138,327  $157,107
        
This excerpt taken from the MRVL 10-Q filed Dec 11, 2008.

Property and equipment, net

 

Property and equipment, including capital leases and leasehold improvements, are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which ranges from three to five years. Buildings are depreciated over an estimated useful life of 30 years and building improvements are depreciated over estimated useful lives of 15 years. Land is not depreciated. Assets held under capital leases and leasehold improvements are amortized over the shorter of term of lease or their estimated useful lives.

 

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

Property and equipment, net

 

Property and equipment, including capital leases and leasehold improvements, are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which ranges from three to five years. Buildings are depreciated over an estimated useful life of thirty years and building improvements are depreciated over estimated useful lives of fifteen years. Land is not depreciated. Assets held under capital leases and leasehold improvements are amortized over the shorter of term of lease or their estimated useful lives.

 

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

Property and equipment, net

 

Property and equipment, including capital leases and leasehold improvements, are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which ranges from three to five years. Buildings are depreciated over an estimated useful life of thirty years and building improvements are depreciated over estimated useful lives of fifteen years. Land is not depreciated. Assets held under capital leases and leasehold improvements are amortized over the shorter of term of lease or their estimated useful lives.

 

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

Property and equipment, net

 
  February 2,
2008

  January 27,
2007

 
Machinery and equipment   $ 315,797   $ 269,586  
Computer software     72,736     131,869  
Furniture and fixtures     22,303     20,551  
Leasehold improvements     33,659     12,283  
Buildings     105,091     81,274  
Building improvements     44,340     36,098  
Land     61,096     51,500  
Construction in progress     32,287     78,579  
   
 
 
      687,309     681,740  
Less: Accumulated depreciation and amortization     (271,068 )   (240,797 )
   
 
 
    $ 416,241   $ 440,943  
   
 
 

        Property and equipment included $9.1 million and $54.4 million of assets acquired under capital lease at February 2, 2008 and January 27, 2007, respectively. Accumulated depreciation related to these assets was $3.2 million and $25.6 million at February 2, 2008 and January 27, 2007, respectively.

Property and equipment, net



















































































































































 
 February 2,

2008

 January 27,

2007

 
Machinery and equipment $315,797 $269,586 
Computer software  72,736  131,869 
Furniture and fixtures  22,303  20,551 
Leasehold improvements  33,659  12,283 
Buildings  105,091  81,274 
Building improvements  44,340  36,098 
Land  61,096  51,500 
Construction in progress  32,287  78,579 
  
 
 
   687,309  681,740 
Less: Accumulated depreciation and amortization  (271,068) (240,797)
  
 
 
  $416,241 $440,943 
  
 
 




        Property
and equipment included $9.1 million and $54.4 million of assets acquired under capital lease at February 2, 2008 and January 27, 2007, respectively.
Accumulated depreciation related to these assets was $3.2 million and $25.6 million at February 2, 2008 and January 27, 2007, respectively.





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

Property and equipment, net

Property and equipment, including capital leases and leasehold improvements, are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which ranges from three to five years. Buildings are depreciated over an estimated useful life of thirty years and building improvements are depreciated over estimated useful lives of fifteen years. Land is not depreciated. Assets held under capital leases and leasehold improvements are amortized over the shorter of term of lease or their estimated useful lives.

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

Property and equipment, net

Property and equipment, including capital leases and leasehold improvements, are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which ranges from three to five years. Buildings are depreciated over an estimated useful life of thirty years and building improvements are depreciated over estimated useful lives of fifteen years. Land is not depreciated. Assets held under capital leases and leasehold improvements are amortized over the shorter of term of lease or their estimated useful lives.

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

Property and equipment, net

Property and equipment, including capital leases and leasehold improvements, are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, which ranges from three to five years. Buildings are depreciated over an estimated useful life of thirty years and building improvements are depreciated over estimated useful lives of fifteen years. Land is not depreciated. Assets held under capital leases and leasehold improvements are amortized over the shorter of term of lease or their estimated useful lives.

"Property and equipment, net" elsewhere:

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