Attached files
| file | filename |
|---|---|
| EX-99.5 - EXHIBIT 99.5 - PHOTRONICS INC | brhc10014680_ex99-5.htm |
| EX-99.3 - EXHIBIT 99.3 - PHOTRONICS INC | brhc10014680_ex99-3.htm |
| EX-99.2 - EXHIBIT 99.2 - PHOTRONICS INC | brhc10014680_ex99-2.htm |
| EX-99.1 - EXHIBIT 99.1 - PHOTRONICS INC | brhc10014680_ex99-1.htm |
| 8-K - 8-K - PHOTRONICS INC | brhc10014680_8k.htm |
Exhibit 99.4
PHOTRONICS, INC.
Condensed Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
|
Nine Months Ended
|
||||||||
|
August 2,
2020
|
July 28,
2019
|
|||||||
|
Cash flows from operating activities:
|
||||||||
|
Net income
|
$
|
31,764
|
$
|
27,454
|
||||
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
||||||||
|
Depreciation and amortization
|
71,120
|
60,387
|
||||||
|
Share-based compensation
|
3,773
|
2,871
|
||||||
|
Changes in operating assets, liabilities and other
|
(28,393
|
)
|
(67,208
|
)
|
||||
|
Net cash provided by operating activities
|
78,264
|
23,504
|
||||||
|
Cash flows from investing activities:
|
||||||||
|
Purchases of property, plant and equipment
|
(36,693
|
)
|
(160,149
|
)
|
||||
|
Government incentive
|
5,263
|
17,694
|
||||||
|
Other
|
(139
|
)
|
(24
|
)
|
||||
|
Net cash used in investing activities
|
(31,569
|
)
|
(142,479
|
)
|
||||
|
Cash flows from financing activities:
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||||||||
|
Proceeds from long-term debt
|
5,699
|
53,227
|
||||||
|
Contribution from noncontrolling interest
|
17,596
|
29,394
|
||||||
|
Purchase of treasury stock
|
(16,894
|
)
|
(10,696
|
)
|
||||
|
Repayments of debt
|
(5,929
|
)
|
(61,319
|
)
|
||||
|
Proceeds from share-based arrangements
|
3,869
|
1,314
|
||||||
|
Dividends paid to noncontrolling interests
|
-
|
(26,102
|
)
|
|||||
|
Other
|
(248
|
)
|
(92
|
)
|
||||
|
Net cash provided by (used in) financing activities
|
4,093
|
(14,274
|
)
|
|||||
|
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
|
3,486
|
1,206
|
||||||
|
Net increase (decrease) in cash, cash equivalents, and restricted cash
|
54,274
|
(132,043
|
)
|
|||||
|
Cash, cash equivalents, and restricted cash, beginning of period
|
209,291
|
331,989
|
||||||
|
Cash, cash equivalents, and restricted cash, end of period
|
$
|
263,565
|
$
|
199,946
|
||||