Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
April 28, 2019 | October 31, 2018 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 167,066 | $ | 329,277 | ||||
Accounts receivable | 123,371 | 120,515 | ||||||
Inventories | 34,696 | 29,180 | ||||||
Other current assets | 76,555 | 23,759 | ||||||
Total current assets | 401,688 | 502,731 | ||||||
Property, plant and equipment, net | 654,357 | 571,781 | ||||||
Intangible assets, net | 10,182 | 12,368 | ||||||
Other assets | 19,011 | 23,129 | ||||||
Total assets | $ | 1,085,238 | $ | 1,110,009 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term debt | $ | 505 | $ | 57,453 | ||||
Accounts payable and accrued liabilities | 138,779 | 133,623 | ||||||
Total current liabilities | 139,284 | 191,076 | ||||||
Long-term debt | 35,921 | - | ||||||
Other liabilities | 11,705 | 14,364 | ||||||
Photronics, Inc. shareholders' equity | 763,568 | 759,671 | ||||||
Noncontrolling interests | 134,760 | 144,898 | ||||||
Total equity | 898,328 | 904,569 | ||||||
Total liabilities and equity | $ | 1,085,238 | $ | 1,110,009 |