Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
October 31, 2019 | October 31, 2018 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 206,530 | $ | 329,277 | ||||
Accounts receivable | 134,454 | 120,515 | ||||||
Inventories | 48,155 | 29,180 | ||||||
Other current assets | 49,634 | 23,759 | ||||||
Total current assets | 438,773 | 502,731 | ||||||
Property, plant and equipment, net | 621,195 | 571,781 | ||||||
Intangible assets, net | 7,870 | 12,368 | ||||||
Other assets | 50,827 | 23,129 | ||||||
Total assets | $ | 1,118,665 | $ | 1,110,009 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Debt | $ | 10,873 | $ | 57,453 | ||||
Accounts payable and accrued liabilities | 141,081 | 133,623 | ||||||
Total current liabilities | 151,954 | 191,076 | ||||||
Long-term debt | 41,887 | - | ||||||
Other liabilities | 13,732 | 14,364 | ||||||
Photronics, Inc. shareholders' equity | 769,892 | 759,671 | ||||||
Noncontrolling interests | 141,200 | 144,898 | ||||||
Total equity | 911,092 | 904,569 | ||||||
Total liabilities and equity | $ | 1,118,665 | $ | 1,110,009 |