EX-99.3 4 ex99_3.htm EXHIBIT 99.3

Exhibit 99.3

PHOTRONICS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

		October 29, 2017				October 30, 2016
Assets
Current assets:
Cash and cash equivalents		$	308,021			$	314,074
Accounts receivable			105,320				92,636
Inventories			23,703				22,081
Other current assets			12,080				12,795
Total current assets			449,124				441,586
Property, plant and equipment, net			535,197				506,434
Intangible assets, net			17,122				19,854
Other assets			19,351				20,114
Total assets		$	1,020,794			$	987,988
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings		$	4,639			$	5,428
Accounts payable and accrued liabilities			77,137				75,889
Total current liabilities			81,776				81,317
Long-term borrowings			57,337				61,860
Other liabilities			16,386				19,337
Photronics, Inc. shareholders’ equity			744,564				710,363
Noncontrolling interests			120,731				115,111
Total equity			865,295				825,474
Total liabilities and equity		$	1,020,794			$	987,988