Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
January 31, 2021 | October 31, 2020 | |||||||
Assets | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 278,539 | $ | 278,665 | ||||
| Accounts receivable | 139,708 | 134,470 | ||||||
| Inventories | 56,407 | 57,269 | ||||||
| Other current assets | 31,458 | 29,735 | ||||||
| Total current assets | 506,112 | 500,139 | ||||||
| Property, plant and equipment, net | 672,398 | 631,475 | ||||||
| Intangible assets, net | 2,383 | 3,437 | ||||||
| Other assets | 51,169 | 53,131 | ||||||
| Total assets | $ | 1,232,062 | $ | 1,188,182 | ||||
Liabilities and Equity | ||||||||
| Current liabilities: | ||||||||
| Debt | $ | 21,641 | $ | 13,678 | ||||
| Accounts payable and accrued liabilities | 123,890 | 129,261 | ||||||
| Total current liabilities | 145,531 | 142,939 | ||||||
| Long-term debt | 79,984 | 54,980 | ||||||
| Other liabilities | 28,051 | 27,997 | ||||||
| Photronics, Inc. shareholders' equity | 815,502 | 804,962 | ||||||
| Noncontrolling interests | 162,994 | 157,304 | ||||||
| Total equity | 978,496 | 962,266 | ||||||
| Total liabilities and equity | $ | 1,232,062 | $ | 1,188,182 | ||||