Exhibit 99.3
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
July 31, 2016 | November 1, 2015 | |||||||
Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 291,669 | $ | 205,867 | ||||
| Accounts receivable | 107,494 | 110,056 | ||||||
| Inventories | 24,615 | 24,157 | ||||||
| Other current assets | 17,643 | 24,034 | ||||||
| Total current assets | 441,421 | 364,114 | ||||||
| Property, plant and equipment, net | 522,192 | 547,284 | ||||||
| Investment in joint venture | - | 93,021 | ||||||
| Intangible assets, net | 20,950 | 24,616 | ||||||
| Other assets | 15,880 | 16,520 | ||||||
| $ | 1,000,443 | $ | 1,045,555 | |||||
Liabilities and Equity | ||||||||
| Current liabilities: | ||||||||
| Current portion of long-term borrowings | $ | 5,846 | $ | 65,495 | ||||
| Accounts payable and accrued liabilities | 91,210 | 127,197 | ||||||
| Total current liabilities | 97,056 | 192,692 | ||||||
| Long-term borrowings | 63,054 | 67,120 | ||||||
| Other liabilities | 20,952 | 23,677 | ||||||
| Photronics, Inc. shareholders' equity | 706,310 | 646,555 | ||||||
| Noncontrolling interests | 113,071 | 115,511 | ||||||
| Total equity | 819,381 | 762,066 | ||||||
| $ | 1,000,443 | $ | 1,045,555 | |||||