Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
May 2, 2021 | October 31, 2020 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 255,965 | $ | 278,665 | ||||
Accounts receivable | 143,923 | 134,470 | ||||||
Inventories | 56,384 | 57,269 | ||||||
Other current assets | 39,336 | 29,735 | ||||||
Total current assets | 495,608 | 500,139 | ||||||
Property, plant and equipment, net | 717,426 | 631,475 | ||||||
Intangible assets, net | 1,356 | 3,437 | ||||||
Other assets | 51,599 | 53,131 | ||||||
Total assets | $ | 1,265,989 | $ | 1,188,182 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Debt | $ | 25,658 | $ | 13,678 | ||||
Accounts payable and accrued liabilities | 133,629 | 129,261 | ||||||
Total current liabilities | 159,287 | 142,939 | ||||||
Long-term debt | 88,444 | 54,980 | ||||||
Other liabilities | 27,441 | 27,997 | ||||||
Photronics, Inc. shareholders' equity | 821,392 | 804,962 | ||||||
Noncontrolling interests | 169,425 | 157,304 | ||||||
Total equity | 990,817 | 962,266 | ||||||
Total liabilities and equity | $ | 1,265,989 | $ | 1,188,182 |