Attached files
| file | filename |
|---|---|
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | brhc10025137_ex99-5.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | brhc10025137_ex99-3.htm |
| EX-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | brhc10025137_ex99-2.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | brhc10025137_ex99-1.htm |
| 8-K - 8-K - PHOTRONICS INC | brhc10025137_8k.htm |
Exhibit 99.4
PHOTRONICS, INC.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
|
Six Months Ended
|
||||||||
|
May 2,
2021 |
May 3,
2020 |
|||||||
|
Cash flows from operating activities:
|
||||||||
|
Net income
|
$
|
25,830
|
$
|
18,900
|
||||
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
||||||||
|
Depreciation and amortization
|
47,121
|
47,896
|
||||||
|
Share-based compensation
|
2,723
|
2,576
|
||||||
|
Changes in operating assets, liabilities and other
|
(17,455
|
)
|
(8,049
|
)
|
||||
|
Net cash provided by operating activities
|
58,219
|
61,323
|
||||||
|
Cash flows from investing activities:
|
||||||||
|
Purchases of property, plant and equipment
|
(73,516
|
)
|
(30,127
|
)
|
||||
|
Government incentives
|
5,775
|
5,260
|
||||||
|
Other
|
(157
|
)
|
(139
|
)
|
||||
|
Net cash used in investing activities
|
(67,898
|
)
|
(25,006
|
)
|
||||
|
Cash flows from financing activities:
|
||||||||
|
Proceeds from long-term debt
|
12,439
|
1,140
|
||||||
|
Contribution from noncontrolling interest
|
-
|
7,600
|
||||||
|
Purchase of treasury stock
|
(23,250
|
)
|
(16,894
|
)
|
||||
|
Repayments of debt
|
(8,636
|
)
|
(389
|
)
|
||||
|
Proceeds from share-based arrangements
|
1,180
|
3,423
|
||||||
|
Other
|
(371
|
)
|
(251
|
)
|
||||
|
Net cash used in financing activities
|
(18,638
|
)
|
(5,371
|
)
|
||||
|
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
|
5,686
|
475
|
||||||
|
Net (decrease) increase in cash, cash equivalents, and restrcited cash
|
(22,631
|
)
|
31,421
|
|||||
|
Cash, cash equivalents, and restricted cash, beginning of period
|
281,602
|
209,291
|
||||||
|
Cash, cash equivalents, and restricted cash, end of period
|
$
|
258,971
|
$
|
240,712
|
||||