EX-99.3 4 exhibit99-3.htm CONDENSED CONSOLIDATED BALANCE SHEETS

PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)

	August 3,			November 3,
	2014			2013
Assets
Current assets:
Cash and cash equivalents	$	196,338		$	215,615
Accounts receivable		102,899			73,357
Inventories		23,661			18,849
Other current assets		30,939			10,645
Total current assets		353,837			318,466
Property, plant and equipment, net		547,377			422,740
Investment in joint venture		93,141			93,124
Intangible assets, net		31,277			34,080
Other assets		19,794			17,519
	$	1,045,426		$	885,929
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	10,306		$	11,818
Accounts payable and accrued liabilities		138,695			92,769
Total current liabilities		149,001			104,587
Long-term borrowings		156,283			182,203
Other liabilities		19,881			11,308
Photronics, Inc. shareholders' equity		609,938			585,314
Noncontrolling interests		110,323			2,517
Total equity		720,261			587,831
	$	1,045,426		$	885,929