PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands)
(Unaudited)

	April 28,		October 28,
	2013		2012
Assets
Current assets:
Cash and cash equivalents	$	210,552	$	218,043
Accounts receivable		82,715		75,685
Inventories		18,585		17,702
Other current assets		9,525		8,364
Total current assets		321,377		319,794
Property, plant and equipment, net		410,757		380,808
Investment in joint venture		93,050		93,252
Intangible assets, net		36,776		37,384
Other assets		18,899		17,996
	$	880,859	$	849,234
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	10,473	$	7,781
Accounts payable and accrued liabilities		103,925		77,732
Total current liabilities		114,398		85,513
Long-term borrowings		169,348		168,956
Other liabilities		9,665		8,764
Equity		587,448		586,001
	$	880,859	$	849,234