Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	April 28, 2019		October 31, 2018
Assets
Current assets:
Cash and cash equivalents	$	167,066	$	329,277
Accounts receivable		123,371		120,515
Inventories		34,696		29,180
Other current assets		76,555		23,759
Total current assets		401,688		502,731
Property, plant and equipment, net		654,357		571,781
Intangible assets, net		10,182		12,368
Other assets		19,011		23,129
Total assets	$	1,085,238	$	1,110,009
Liabilities and Equity
Current liabilities:
Current portion of long-term debt	$	505	$	57,453
Accounts payable and accrued liabilities		138,779		133,623
Total current liabilities		139,284		191,076
Long-term debt		35,921		-
Other liabilities		11,705		14,364
Photronics, Inc. shareholders' equity		763,568		759,671
Noncontrolling interests		134,760		144,898
Total equity		898,328		904,569
Total liabilities and equity	$	1,085,238	$	1,110,009