Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
April 29, 2018 | October 29, 2017 | |||||||
Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 321,246 | $ | 308,021 | ||||
| Accounts receivable | 124,331 | 105,320 | ||||||
| Inventories | 31,936 | 23,703 | ||||||
| Other current assets | 22,786 | 12,080 | ||||||
| Total current assets | 500,299 | 449,124 | ||||||
| Property, plant and equipment, net | 563,313 | 535,197 | ||||||
| Intangible assets, net | 14,708 | 17,122 | ||||||
| Other assets | 23,961 | 19,351 | ||||||
| Total assets | $ | 1,102,281 | $ | 1,020,794 | ||||
Liabilities and Equity | ||||||||
| Current liabilities: | ||||||||
| Current portion of long-term borrowings | $ | 59,263 | $ | 4,639 | ||||
| Accounts payable and accrued liabilities | 107,245 | 77,137 | ||||||
| Total current liabilities | 166,508 | 81,776 | ||||||
| Long-term borrowings | - | 57,337 | ||||||
| Other liabilities | 17,707 | 16,386 | ||||||
| Photronics, Inc. shareholders' equity | 783,380 | 744,564 | ||||||
| Noncontrolling interests | 134,686 | 120,731 | ||||||
| Total equity | 918,066 | 865,295 | ||||||
| Total liabilities and equity | $ | 1,102,281 | $ | 1,020,794 | ||||