Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
October 31, 2020 | October 31, 2019 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 278,665 | $ | 206,530 | ||||
Accounts receivable | 134,470 | 134,454 | ||||||
Inventories | 57,269 | 48,155 | ||||||
Other current assets | 29,735 | 38,388 | ||||||
Total current assets | 500,139 | 427,527 | ||||||
Property, plant and equipment, net | 631,475 | 632,441 | ||||||
Intangible assets, net | 3,437 | 7,870 | ||||||
Other assets | 53,131 | 50,827 | ||||||
Total assets | $ | 1,188,182 | $ | 1,118,665 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Debt | $ | 13,678 | $ | 10,873 | ||||
Accounts payable and accrued liabilities | 129,261 | 141,081 | ||||||
Total current liabilities | 142,939 | 151,954 | ||||||
Long-term debt | 54,980 | 41,887 | ||||||
Other liabilities | 27,997 | 13,732 | ||||||
Photronics, Inc. shareholders' equity | 804,962 | 769,892 | ||||||
Noncontrolling interests | 157,304 | 141,200 | ||||||
Total equity | 962,266 | 911,092 | ||||||
Total liabilities and equity | $ | 1,188,182 | $ | 1,118,665 |