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

	February 2,		November 3,
	2014		2013
Assets
Current assets:
Cash and cash equivalents	$	189,228	$	215,615
Accounts receivable		72,046		73,357
Inventories		19,566		18,849
Other current assets		11,273		10,645
Total current assets		292,113		318,466
Property, plant and equipment, net		434,201		422,740
Investment in joint venture		93,104		93,124
Intangible assets, net		32,634		34,080
Other assets		18,716		17,519
	$	870,768	$	885,929
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	9,387	$	11,818
Accounts payable and accrued liabilities		105,856		92,769
Total current liabilities		115,243		104,587
Long-term borrowings		161,080		182,203
Other liabilities		13,241		11,308
Equity		581,204		587,831
	$	870,768	$	885,929