Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
April 28, 2024 | October 31, 2023 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 539,160 | $ | 499,292 | ||||
Short-term investments | 20,732 | 12,915 | ||||||
Accounts receivable | 197,523 | 194,927 | ||||||
Inventories | 54,257 | 49,963 | ||||||
Other current assets | 32,461 | 28,353 | ||||||
Total current assets | 844,133 | 785,450 | ||||||
Property, plant and equipment, net | 729,489 | 709,244 | ||||||
Other assets | 29,831 | 31,527 | ||||||
Total assets | $ | 1,603,453 | $ | 1,526,221 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term debt | $ | 19,318 | $ | 6,621 | ||||
Accounts payable and accrued liabilities | 176,249 | 178,602 | ||||||
Total current liabilities | 195,567 | 185,223 | ||||||
Long-term debt | 2,456 | 17,998 | ||||||
Other liabilities | 37,401 | 47,391 | ||||||
Photronics, Inc. shareholders' equity | 1,034,857 | 975,008 | ||||||
Noncontrolling interests | 333,172 | 300,601 | ||||||
Total equity | 1,368,029 | 1,275,609 | ||||||
Total liabilities and equity | $ | 1,603,453 | $ | 1,526,221 |