EX-99.3 4 brhc10048518_ex99-3.htm EXHIBIT 99.3

Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

		January 29, 2023				October 31, 2022
Assets
Current assets:
Cash and cash equivalents		$	334,792			$	319,680
Short-term investments			39,199				38,820
Accounts receivable			220,692				198,147
Inventories			52,796				50,753
Other current assets			53,337				37,252
Total current assets			700,816				644,652
Property, plant and equipment, net			710,927				643,873
Other assets			29,937				27,305
Total assets		$	1,441,680			$	1,315,830
Liabilities and Equity
Current liabilities:
Current portion of long-term debt		$	6,541			$	10,024
Accounts payable and accrued liabilities			192,790				183,773
Total current liabilities			199,331				193,797
Long-term debt			27,323				32,310
Other liabilities			32,306				27,634
Photronics, Inc. shareholders' equity			920,765				831,527
Noncontrolling interests			261,955				230,562
Total equity			1,182,720				1,062,089
Total liabilities and equity		$	1,441,680			$	1,315,830