Exhibit 99.3
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
January 28, 2018 | October 29, 2017 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 348,560 | $ | 308,021 | ||||
Accounts receivable | 104,638 | 105,320 | ||||||
Inventories | 26,997 | 23,703 | ||||||
Other current assets | 12,162 | 12,080 | ||||||
Total current assets | 492,357 | 449,124 | ||||||
Property, plant and equipment, net | 548,307 | 535,197 | ||||||
Intangible assets, net | 16,224 | 17,122 | ||||||
Other assets | 24,568 | 19,351 | ||||||
Total assets | $ | 1,081,456 | $ | 1,020,794 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term borrowings | $ | 3,259 | $ | 4,639 | ||||
Accounts payable and accrued liabilities | 84,814 | 77,137 | ||||||
Total current liabilities | 88,073 | 81,776 | ||||||
Long-term borrowings | 57,366 | 57,337 | ||||||
Other liabilities | 17,570 | 16,386 | ||||||
Photronics, Inc. shareholders' equity | 777,433 | 744,564 | ||||||
Noncontrolling interests | 141,014 | 120,731 | ||||||
Total equity | 918,447 | 865,295 | ||||||
Total liabilities and equity | $ | 1,081,456 | $ | 1,020,794 |