Attached files
| file | filename |
|---|---|
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | ex99_5.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | ex99_3.htm |
| EX-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | ex99_2.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | ex99_1.htm |
| 8-K - 8-K - PHOTRONICS INC | form8k.htm |
Exhibit 99.4
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
|
Three Months Ended
|
||||||||
|
February 2,
2020 |
January 27,
2019 |
|||||||
|
Cash flows from operating activities:
|
||||||||
|
Net income
|
$
|
10,928
|
$
|
7,768
|
||||
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
||||||||
|
Depreciation and amortization
|
24,626
|
18,781
|
||||||
|
Share-based compensation
|
1,356
|
1,062
|
||||||
|
Changes in operating assets, liabilities and other
|
(6,125
|
)
|
(46,897
|
)
|
||||
|
Net cash provided by (used in) operating activities
|
30,785
|
(19,286
|
)
|
|||||
|
Cash flows from investing activities:
|
||||||||
|
Purchases of property, plant and equipment
|
(13,807
|
)
|
(106,925
|
)
|
||||
|
Government incentive
|
2,417
|
5,029
|
||||||
|
Other
|
(139
|
)
|
19
|
|||||
|
Net cash used in investing activities
|
(11,529
|
)
|
(101,877
|
)
|
||||
|
Cash flows from financing activities:
|
||||||||
|
Proceeds from long-term debt
|
1,140
|
28,180
|
||||||
|
Purchase of treasury stock
|
(11,000
|
)
|
(10,696
|
)
|
||||
|
Repayments of long-term debt
|
(389
|
)
|
-
|
|||||
|
Proceeds from share-based arrangements
|
2,886
|
650
|
||||||
|
Contribution from noncontrolling interest
|
-
|
29,394
|
||||||
|
Dividends paid to noncontrolling interests
|
-
|
(26,102
|
)
|
|||||
|
Other
|
(248
|
)
|
(45
|
)
|
||||
|
Net cash (used in) provided by financing activities
|
(7,611
|
)
|
21,381
|
|||||
|
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
|
149
|
2,961
|
||||||
|
Net increase (decrease) in cash, cash equivalents, and restrcited cash
|
11,794
|
(96,821
|
)
|
|||||
|
Cash, cash equivalents, and restricted cash, beginning of period
|
209,291
|
331,989
|
||||||
|
Cash, cash equivalents, and restricted cash, end of period
|
$
|
221,085
|
$
|
235,168
|
||||