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

	July 28,		October 28,
	2013		2012
Assets
Current assets:
Cash and cash equivalents	$	197,271	$	218,043
Accounts receivable		82,573		75,685
Inventories		17,947		17,702
Other current assets		14,476		8,364
Total current assets		312,267		319,794
Property, plant and equipment, net		420,535		380,808
Investment in joint venture		93,030		93,252
Intangible assets, net		35,453		37,384
Other assets		18,093		17,996
	$	879,378	$	849,234
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	10,696	$	7,781
Accounts payable and accrued liabilities		109,654		77,732
Total current liabilities		120,350		85,513
Long-term borrowings		183,220		168,956
Other liabilities		9,993		8,764
Equity		565,815		586,001
	$	879,378	$	849,234