Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
April 30, 2023 | October 31, 2022 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 367,485 | $ | 319,680 | ||||
Short-term investments | 45,431 | 38,820 | ||||||
Accounts receivable | 214,464 | 198,147 | ||||||
Inventories | 54,940 | 50,753 | ||||||
Other current assets | 37,796 | 37,252 | ||||||
Total current assets | 720,116 | 644,652 | ||||||
Property, plant and equipment, net | 699,917 | 643,873 | ||||||
Other assets | 30,992 | 27,305 | ||||||
Total assets | $ | 1,451,025 | $ | 1,315,830 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term debt | $ | 7,017 | $ | 10,024 | ||||
Accounts payable and accrued liabilities | 178,151 | 183,773 | ||||||
Total current liabilities | 185,168 | 193,797 | ||||||
Long-term debt | 21,322 | 32,310 | ||||||
Other liabilities | 39,851 | 27,634 | ||||||
Photronics, Inc. shareholders' equity | 928,047 | 831,527 | ||||||
Noncontrolling interests | 276,637 | 230,562 | ||||||
Total equity | 1,204,684 | 1,062,089 | ||||||
Total liabilities and equity | $ | 1,451,025 | $ | 1,315,830 |