Exhibit 99.3

PHOTRONICS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	October 31, 2018		October 29, 2017
Assets
Current assets:
Cash and cash equivalents	$	329,277	$	308,021
Accounts receivable		120,515		105,320
Inventories		29,180		23,703
Other current assets		23,759		12,080
Total current assets		502,731		449,124
Property, plant and equipment, net		571,781		535,197
Intangible assets, net		12,368		17,122
Other assets		23,129		19,351
Total assets	$	1,110,009	$	1,020,794
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	57,453	$	4,639
Accounts payable and accrued liabilities		133,623		77,137
Total current liabilities		191,076		81,776
Long-term debt		-		57,337
Other liabilities		14,364		16,386
Photronics, Inc. shareholders' equity		759,671		744,564
Noncontrolling interests		144,898		120,731
Total equity		904,569		865,295
Total liabilities and equity	$	1,110,009	$	1,020,794