Exhibit 99.3
PHOTRONICS, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)
May 1, 2022 | October 31, 2021 | |||||||
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 329,282 | $ | 276,670 | ||||
Accounts receivable | 190,259 | 174,447 | ||||||
Inventories | 58,437 | 55,249 | ||||||
Other current assets | 52,864 | 44,250 | ||||||
Total current assets | 630,842 | 550,616 | ||||||
Property, plant and equipment, net | 659,881 | 696,553 | ||||||
Other assets | 41,661 | 47,033 | ||||||
Total assets | $ | 1,332,384 | $ | 1,294,202 | ||||
Liabilities and Equity | ||||||||
Current liabilities: | ||||||||
Current portion of long-term debt | $ | 12,410 | $ | 22,248 | ||||
Accounts payable and accrued liabilities | 172,205 | 153,900 | ||||||
Total current liabilities | 184,615 | 176,148 | ||||||
Long-term debt | 70,138 | 89,446 | ||||||
Other liabilities | 25,048 | 28,046 | ||||||
Photronics, Inc. shareholders’ equity | 836,752 | 823,692 | ||||||
Noncontrolling interests | 215,831 | 176,870 | ||||||
Total equity | 1,052,583 | 1,000,562 | ||||||
Total liabilities and equity | $ | 1,332,384 | $ | 1,294,202 |