Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	August 2, 2020		October 31, 2019
Assets
Current assets:
Cash and cash equivalents	$	260,597	$	206,530
Accounts receivable		146,843		134,454
Inventories		54,733		48,155
Other current assets		48,468		38,388
Total current assets		510,641		427,527
Property, plant and equipment, net		623,247		632,441
Intangible assets, net		4,535		7,870
Other assets		57,419		50,827
Total assets	$	1,195,842	$	1,118,665
Liabilities and Equity
Current liabilities:
Debt	$	14,683	$	10,873
Accounts payable and accrued liabilities		160,626		141,081
Total current liabilities		175,309		151,954
Long-term debt		38,183		41,887
Other liabilities		25,665		13,732
Photronics, Inc. shareholders' equity		790,242		769,892
Noncontrolling interests		166,443		141,200
Total equity		956,685		911,092
Total liabilities and equity	$	1,195,842	$	1,118,665