Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronics_8k.htm |
| EX-99.1 - PRESS RELEASE DATED FEBRUARY 15, 2011 - PHOTRONICS INC | exhibit99-1.htm |
| EX-99.4 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibit99-4.htm |
| EX-99.3 - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - PHOTRONICS INC | exhibit99-3.htm |
| EX-99.2 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - 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 30, | January 31, | |||||||
| 2011 | 2010 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income | $ | 13,584 | $ | 408 | ||||
| Adjustments to reconcile net income to net cash | ||||||||
| provided by operating activities: | ||||||||
| Depreciation and amortization | 23,189 | 22,424 | ||||||
| Changes in assets and liabilities and other | 4,882 | (6,417 | ) | |||||
| Net cash provided by operating activities | 41,655 | 16,415 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchases of property, plant and equipment | (19,120 | ) | (21,457 | ) | ||||
| Investment in joint venture | (3,999 | ) | - | |||||
| Deposit on sale of facility | - | 4,190 | ||||||
| Increase in restricted cash | - | (1,250 | ) | |||||
| Proceeds from sales of investments and other | - | 43 | ||||||
| Net cash used in investing activities | (23,119 | ) | (18,474 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Repayments of long-term borrowings | (24,346 | ) | (7,250 | ) | ||||
| Proceeds from long-term borrowings | 17,000 | 3,822 | ||||||
| Proceeds from share-based payments | 159 | 30 | ||||||
| Net cash used in financing activities | (7,187 | ) | (3,398 | ) | ||||
| Effect of exchange rate changes on cash | 2,429 | 1,319 | ||||||
| Net increase (decrease) in cash and cash equivalents | 13,778 | (4,138 | ) | |||||
| Cash and cash equivalents, beginning of period | 98,945 | 88,539 | ||||||
| Cash and cash equivalents, end of period | $ | 112,723 | $ | 84,401 | ||||
| Supplemental disclosure of cash flow information: | ||||||||
| Change in accrual for purchases of property, plant and equipment | $ | 13,273 | $ | (227 | ) | |||