Exhibit 99.3
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
May 1, 2016 | November 1, 2015 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 193,978 | $ | 205,867 | ||||
Accounts receivable | 104,330 | 110,056 | ||||||
Inventories | 24,510 | 24,157 | ||||||
Other current assets | 24,409 | 24,034 | ||||||
Total current assets | 347,227 | 364,114 | ||||||
Property, plant and equipment, net | 523,669 | 547,284 | ||||||
Investment in joint venture | 92,911 | 93,021 | ||||||
Intangible assets, net | 22,071 | 24,616 | ||||||
Other assets | 16,030 | 16,520 | ||||||
$ | 1,001,908 | $ | 1,045,555 | |||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term borrowings | $ | 5,806 | $ | 65,495 | ||||
Accounts payable and accrued liabilities | 108,311 | 127,197 | ||||||
Total current liabilities | 114,117 | 192,692 | ||||||
Long-term borrowings | 64,419 | 67,120 | ||||||
Other liabilities | 20,600 | 23,677 | ||||||
Photronics, Inc. shareholders' equity | 693,284 | 646,555 | ||||||
Noncontrolling interests | 109,488 | 115,511 | ||||||
Total equity | 802,772 | 762,066 | ||||||
$ | 1,001,908 | $ | 1,045,555 |