Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	January 27, 2019		October 31, 2018
Assets
Current assets:
Cash and cash equivalents	$	232,448	$	329,277
Accounts receivable		131,066		120,515
Inventories		27,874		29,180
Other current assets		61,618		23,759
Total current assets		453,006		502,731
Property, plant and equipment, net		656,873		571,781
Intangible assets, net		11,272		12,368
Other assets		24,743		23,129
Total assets	$	1,145,894	$	1,110,009
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	61,647	$	57,453
Accounts payable and accrued liabilities		132,880		133,623
Total current liabilities		194,527		191,076
Long-term debt		24,484		-
Other liabilities		13,713		14,364
Photronics, Inc. shareholders' equity		761,088		759,671
Noncontrolling interests		152,082		144,898
Total equity		913,170		904,569
Total liabilities and equity	$	1,145,894	$	1,110,009