Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
January 27, 2019 | October 31, 2018 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 232,448 | $ | 329,277 | ||||
Accounts receivable | 131,066 | 120,515 | ||||||
Inventories | 27,874 | 29,180 | ||||||
Other current assets | 61,618 | 23,759 | ||||||
Total current assets | 453,006 | 502,731 | ||||||
Property, plant and equipment, net | 656,873 | 571,781 | ||||||
Intangible assets, net | 11,272 | 12,368 | ||||||
Other assets | 24,743 | 23,129 | ||||||
Total assets | $ | 1,145,894 | $ | 1,110,009 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term debt | $ | 61,647 | $ | 57,453 | ||||
Accounts payable and accrued liabilities | 132,880 | 133,623 | ||||||
Total current liabilities | 194,527 | 191,076 | ||||||
Long-term debt | 24,484 | - | ||||||
Other liabilities | 13,713 | 14,364 | ||||||
Photronics, Inc. shareholders' equity | 761,088 | 759,671 | ||||||
Noncontrolling interests | 152,082 | 144,898 | ||||||
Total equity | 913,170 | 904,569 | ||||||
Total liabilities and equity | $ | 1,145,894 | $ | 1,110,009 |