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 |