Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	October 31, 2019		October 31, 2018
Assets
Current assets:
Cash and cash equivalents	$	206,530	$	329,277
Accounts receivable		134,454		120,515
Inventories		48,155		29,180
Other current assets		49,634		23,759
Total current assets		438,773		502,731
Property, plant and equipment, net		621,195		571,781
Intangible assets, net		7,870		12,368
Other assets		50,827		23,129
Total assets	$	1,118,665	$	1,110,009
Liabilities and Equity
Current liabilities:
Debt	$	10,873	$	57,453
Accounts payable and accrued liabilities		141,081		133,623
Total current liabilities		151,954		191,076
Long-term debt		41,887		-
Other liabilities		13,732		14,364
Photronics, Inc. shareholders' equity		769,892		759,671
Noncontrolling interests		141,200		144,898
Total equity		911,092		904,569
Total liabilities and equity	$	1,118,665	$	1,110,009