Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.5 - RECONCILIATION OF GAAP TO PRO FORMA FINANCIAL INFORMATION - PHOTRONICS INC | exhibit99-5.htm |
| EX-99.1 - PRESS RELEASE DATED FEBRUARY 16, 2010 - PHOTRONICS INC | exhibit99-1.htm |
| EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-3.htm |
| EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - PHOTRONICS INC | exhibit99-2.htm |
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
| Three Months Ended | ||||||||
| January 31, | February 1, | |||||||
| 2010 | 2009 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income (loss) | $ | 408 | $ | (9,967 | ) | |||
| Adjustments to reconcile net income (loss) to net cash | ||||||||
| provided by operating activities: | ||||||||
| Depreciation and amortization | 22,424 | 21,725 | ||||||
| Consolidation, restructuring and related charges | - | 1,680 | ||||||
| Changes in assets and liabilities and other | (6,417 | ) | (5,449 | ) | ||||
| Net cash provided by operating activities | 16,415 | 7,989 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchases of property, plant and equipment | (21,457 | ) | (12,789 | ) | ||||
| Deposit on sale of facility | 4,190 | - | ||||||
| Increase in restricted cash | (1,250 | ) | - | |||||
| Proceeds from sales of investments and other | 43 | 858 | ||||||
| Net cash used in investing activities | (18,474 | ) | (11,931 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Repayments of long-term borrowings | (7,250 | ) | (3,607 | ) | ||||
| Proceeds from customer advance | 3,822 | - | ||||||
| Payments of deferred financing fees | - | (1,913 | ) | |||||
| Other | 30 | - | ||||||
| Net cash used in financing activities | (3,398 | ) | (5,520 | ) | ||||
| Effect of exchange rate changes on cash | 1,319 | (2,792 | ) | |||||
| Net decrease in cash and cash equivalents | (4,138 | ) | (12,254 | ) | ||||
| Cash and cash equivalents, beginning of period | 88,539 | 83,763 | ||||||
| Cash and cash equivalents, end of period | $ | 84,401 | $ | 71,509 | ||||
| Supplemental disclosure of cash flow information: | ||||||||
| Change in accrual for purchases of property, plant and equipment | $ | (227 | ) | $ | (11,204 | ) | ||