PHOTRONICS INC - FORM 8-K - EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - August 21, 2014

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8-K - CURRENT REPORT - PHOTRONICS INCphotronics_8k.htm
EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF INCOME - PHOTRONICS INCexhibit99-2.htm
EX-99.4 - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - PHOTRONICS INCexhibit99-4.htm
EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INCexhibit99-5.htm
EX-99.6 - RECONCILIATION OF GAAP NET INCOME TO EBITDA - PHOTRONICS INCexhibit99-6.htm
EX-99.1 - PRESS RELEASE DATED AUGUST 19, 2014 - PHOTRONICS INCexhibit99-1.htm
EX-99.7 - RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME - PHOTRONICS INCexhibit99-7.htm

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

August 3, November 3,
2014       2013
Assets
 
Current assets:
       Cash and cash equivalents $      196,338 $      215,615
       Accounts receivable 102,899 73,357
       Inventories 23,661 18,849
       Other current assets 30,939 10,645
 
              Total current assets 353,837 318,466
 
Property, plant and equipment, net 547,377 422,740
Investment in joint venture 93,141 93,124
Intangible assets, net 31,277 34,080
Other assets 19,794 17,519
 
  $ 1,045,426 $ 885,929
 
Liabilities and Equity
 
Current liabilities:
       Current portion of long-term borrowings $ 10,306 $ 11,818
       Accounts payable and accrued liabilities 138,695 92,769
 
              Total current liabilities 149,001 104,587
 
Long-term borrowings 156,283 182,203
Other liabilities 19,881 11,308
 
Photronics, Inc. shareholders' equity 609,938 585,314
Noncontrolling interests 110,323 2,517
              Total equity 720,261 587,831
 
$ 1,045,426 $ 885,929

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