Photronics (PLAB) 8-K Results of Operations and Financial Condition

PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)

	November 2,		November 3,
	2014		2013
Assets
Current assets:
Cash and cash equivalents	$	192,929	$	215,615
Accounts receivable		94,515		73,357
Inventories		22,478		18,849
Other current assets		26,570		10,645
Total current assets		336,492		318,466
Property, plant and equipment, net		550,069		422,740
Investment in joint venture		93,122		93,124
Intangible assets, net		30,294		34,080
Other assets		19,206		17,519
	$	1,029,183	$	885,929
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	10,381	$	11,818
Accounts payable and accrued liabilities		128,736		92,769
Total current liabilities		139,117		104,587
Long-term borrowings		131,805		182,203
Other liabilities		18,767		11,308
Photronics, Inc. shareholders' equity		628,050		585,314
Noncontrolling interests		111,444		2,517
Total equity		739,494		587,831
	$	1,029,183	$	885,929