Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE DATED DECEMBER 6, 2010 - PHOTRONICS INC | exhibits99-1.htm |
| EX-99.5 - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION - PHOTRONICS INC | exhibits99-5.htm |
| EX-99.3 - CONDENSED CONSOLIDATED BALANCE SHEETS - PHOTRONICS INC | exhibits99-3.htm |
| EX-99.2 - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - PHOTRONICS INC | exhibits99-2.htm |
| 8-K - CURRENT REPORT - PHOTRONICS INC | photronicsinc_8k.htm |
PHOTRONICS, INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(in thousands)
Condensed Consolidated Statements of Cash Flows
(in thousands)
| Year Ended | ||||||||
| October 31, | November 1, | |||||||
| 2010 | 2009 | |||||||
| Cash flows from operating activities: | ||||||||
| Net income (loss) | $ | 25,082 | $ | (41,427 | ) | |||
| Adjustments to reconcile net income (loss) to net cash | ||||||||
| provided by operating activities: | ||||||||
| Depreciation and amortization | 90,300 | 90,474 | ||||||
| Gain on sale of facility | - | (2,034 | ) | |||||
| Consolidation, restructuring, and related charges (credits) and impairments of long-lived assets | (5,059 | ) | 11,972 | |||||
| Changes in assets and liabilities and other | (14,404 | ) | 9,163 | |||||
| Net cash provided by operating activities | 95,919 | 68,148 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchases of property, plant and equipment | (71,381 | ) | (34,995 | ) | ||||
| Proceeds from sale of facility | 12,880 | 4,321 | ||||||
| Distribution from joint venture | - | 5,000 | ||||||
| Proceeds from sales of investments and other | 289 | 996 | ||||||
| Net cash used in investing activities | (58,212 | ) | (24,678 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Repayments of long-term borrowings | (72,932 | ) | (161,841 | ) | ||||
| Proceeds from long-term borrowings | 41,680 | 28,112 | ||||||
| Net proceeds from convertible debt and common stock offerings | - | 97,961 | ||||||
| Payments of deferred financing fees and other | (1,204 | ) | (4,734 | ) | ||||
| Net cash used in financing activities | (32,456 | ) | (40,502 | ) | ||||
| Effect of exchange rate changes on cash | 5,155 | 1,808 | ||||||
| Net increase in cash and cash equivalents | 10,406 | 4,776 | ||||||
| Cash and cash equivalents, beginning of year | 88,539 | 83,763 | ||||||
| Cash and cash equivalents, end of year | $ | 98,945 | $ | 88,539 | ||||
| Supplemental disclosure of cash flow information: | ||||||||
| Changes in accrual for purchases of property, plant and equipment | $ | 28,717 | $ | (13,551 | ) | |||
| Change in capital lease obligation for purchases of property, plant and | ||||||||
| equipment | $ | - | $ | (28,244 | ) | |||
| Common stock warrants issuance | $ | - | $ | 5,320 | ||||