Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
July 30, | October 31, | |||||||
2023 | 2022 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 448,479 | $ | 319,680 | ||||
Short-term investments | 27,325 | 38,820 | ||||||
Accounts receivable | 206,128 | 198,147 | ||||||
Inventories | 55,379 | 50,753 | ||||||
Other current assets | 34,900 | 37,252 | ||||||
Total current assets | 772,211 | 644,652 | ||||||
Property, plant and equipment, net | 701,459 | 643,873 | ||||||
Other assets | 29,673 | 27,305 | ||||||
Total assets | $ | 1,503,343 | $ | 1,315,830 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term debt | $ | 6,589 | $ | 10,024 | ||||
Accounts payable and accrued liabilities | 184,063 | 183,773 | ||||||
Total current liabilities | 190,652 | 193,797 | ||||||
Long-term debt | 20,121 | 32,310 | ||||||
Other liabilities | 40,694 | 27,634 | ||||||
Photronics, Inc. shareholders' equity | 961,212 | 831,527 | ||||||
Noncontrolling interests | 290,664 | 230,562 | ||||||
Total equity | 1,251,876 | 1,062,089 | ||||||
Total liabilities and equity | $ | 1,503,343 | $ | 1,315,830 |