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

	August 2,		November 2,
	2015		2014
Assets
Current assets:
Cash and cash equivalents	$	191,562	$	192,929
Accounts receivable		104,701		94,515
Inventories		23,266		22,478
Other current assets		21,037		26,570
Total current assets		340,566		336,492
Property, plant and equipment, net		568,921		550,069
Investment in joint venture		93,040		93,122
Intangible assets, net		26,280		30,294
Other assets		17,284		19,206
	$	1,046,091	$	1,029,183
Liabilities and Equity
Current liabilities:
Current portion of long-term borrowings	$	16,577	$	10,381
Accounts payable and accrued liabilities		144,959		128,736
Total current liabilities		161,536		139,117
Long-term borrowings		118,457		131,805
Other liabilities		20,051		18,767
Photronics, Inc. shareholders’ equity		628,771		628,050
Noncontrolling interests		117,276		111,444
Total equity		746,047		739,494
	$	1,046,091	$	1,029,183