Exhibit 99.3

PHOTRONICS, INC.

Condensed Consolidated Balance Sheets

(in thousands)

(Unaudited)

	October 31, 2020		October 31, 2019
Assets
Current assets:
Cash and cash equivalents	$	278,665	$	206,530
Accounts receivable		134,470		134,454
Inventories		57,269		48,155
Other current assets		29,735		38,388
Total current assets		500,139		427,527
Property, plant and equipment, net		631,475		632,441
Intangible assets, net		3,437		7,870
Other assets		53,131		50,827
Total assets	$	1,188,182	$	1,118,665
Liabilities and Equity
Current liabilities:
Debt	$	13,678	$	10,873
Accounts payable and accrued liabilities		129,261		141,081
Total current liabilities		142,939		151,954
Long-term debt		54,980		41,887
Other liabilities		27,997		13,732
Photronics, Inc. shareholders' equity		804,962		769,892
Noncontrolling interests		157,304		141,200
Total equity		962,266		911,092
Total liabilities and equity	$	1,188,182	$	1,118,665