Exhibit 99.3
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
July 29, 2018 | October 29, 2017 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 332,739 | $ | 308,021 | ||||
Accounts receivable | 118,727 | 105,320 | ||||||
Inventories | 31,756 | 23,703 | ||||||
Other current assets | 21,698 | 12,080 | ||||||
Total current assets | 504,920 | 449,124 | ||||||
Property, plant and equipment, net | 546,688 | 535,197 | ||||||
Intangible assets, net | 13,507 | 17,122 | ||||||
Other assets | 22,897 | 19,351 | ||||||
Total assets | $ | 1,088,012 | $ | 1,020,794 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term borrowings | $ | 57,893 | $ | 4,639 | ||||
Accounts payable and accrued liabilities | 100,949 | 77,137 | ||||||
Total current liabilities | 158,842 | 81,776 | ||||||
Long-term borrowings | - | 57,337 | ||||||
Other liabilities | 15,657 | 16,386 | ||||||
Photronics, Inc. shareholders' equity | 770,810 | 744,564 | ||||||
Noncontrolling interests | 142,703 | 120,731 | ||||||
Total equity | 913,513 | 865,295 | ||||||
Total liabilities and equity | $ | 1,088,012 | $ | 1,020,794 |