EX-99.6 7 ef20016543_ex99-6.htm EXHIBIT 99.6

Exhibit 99.6
PHOTRONICS, INC.
Reconciliation of GAAP to Non-GAAP Financial Information (cont.)
(in thousands)
(Unaudited)
Reconciliation of Net cash provided by operating activities to Free Cash Flow

|  | Year ended |  |
|  | October 31, 2023 |  |
GAAP Net cash provided by operating activities |  | $ | 302,176 |  |
Purchases of property, plant and equipment |  |  | (131,295 | ) |
Free Cash Flow |  | $ | 170,881 |  |

Reconciliation of Cash and cash equivalents to Net Cash:

|  | As of |
|  | October 31, 2023 |  |  | October 31, 2022 |
Cash and cash equivalents |  | $ | 499,292 |  |  | $ | 319,680 |
Current portion of Long-term debt |  |  | (6,621 | ) |  |  | (10,024 | )
Long-term Debt |  |  | (17,998 | ) |  |  | (32,310 | )
Net Cash |  | $ | 474,673 |  |  | $ | 277,346 |