Exhibit 99.3

PHOTRONICS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	July 29, 2018		October 29, 2017
Assets
Current assets:
Cash and cash equivalents	$	332,739	$	308,021
Accounts receivable		118,727		105,320
Inventories		31,756		23,703
Other current assets		21,698		12,080
Total current assets		504,920		449,124
Property, plant and equipment, net		546,688		535,197
Intangible assets, net		13,507		17,122
Other assets		22,897		19,351
Total assets	$	1,088,012	$	1,020,794
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	57,893	$	4,639
Accounts payable and accrued liabilities		100,949		77,137
Total current liabilities		158,842		81,776
Long-term borrowings		-		57,337
Other liabilities		15,657		16,386
Photronics, Inc. shareholders' equity		770,810		744,564
Noncontrolling interests		142,703		120,731
Total equity		913,513		865,295
Total liabilities and equity	$	1,088,012	$	1,020,794