Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
January 28, 2024 | October 31, 2023 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 508,518 | $ | 499,292 | ||||
Short-term investments | 12,996 | 12,915 | ||||||
Accounts receivable | 203,607 | 194,927 | ||||||
Inventories | 50,680 | 49,963 | ||||||
Other current assets | 31,876 | 28,353 | ||||||
Total current assets | 807,677 | 785,450 | ||||||
Property, plant and equipment, net | 742,671 | 709,244 | ||||||
Other assets | 32,488 | 31,527 | ||||||
Total assets | $ | 1,582,836 | $ | 1,526,221 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term debt | $ | 20,771 | $ | 6,621 | ||||
Accounts payable and accrued liabilities | 164,518 | 178,602 | ||||||
Total current liabilities | 185,289 | 185,223 | ||||||
Long-term debt | 2,655 | 17,998 | ||||||
Other liabilities | 47,838 | 47,391 | ||||||
Photronics, Inc. shareholders' equity | 1,022,956 | 975,008 | ||||||
Noncontrolling interests | 324,098 | 300,601 | ||||||
Total equity | 1,347,054 | 1,275,609 | ||||||
Total liabilities and equity | $ | 1,582,836 | $ | 1,526,221 |