Photronics (PLAB) 8-K Photronics Reports Fourth Quarter Fiscal 2017 Results

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