PHOTRONICS INC
For the period ended Jan 28, 2024. Filed Mar 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 28, 2024 · Filed Mar 7, 2024
PLAB$28.10-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| January 28, 2024 | January 29, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $39,082 | $28,950 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 20,702 | 19,105 |
| Share-based compensation | 2,573 | 1,821 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (2,906) | (7,565) |
| Inventories | 409 | 1,705 |
| Other current assets | (2,844) | (13,060) |
| Accounts payable, accrued liabilities, and other | (15,508) | (3,276) |
| Net cash provided by operating activities | 41,508 | 27,680 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (43,314) | (31,097) |
| Purchases of available-for-sale debt securities | (2,436) | - |
| Proceeds from maturities of available-for-sale debt securities | 2,500 | - |
| Government incentives | 1,091 | 1,014 |
| Other | (56) | (87) |
| Net cash used in investing activities | (42,215) | (30,170) |
| Cash flows from financing activities: | ||
| Repayments of debt | (1,194) | (9,218) |
| Proceeds from share-based arrangements | 936 | 672 |
| Net settlements of restricted stock awards | (2,613) | (1,168) |
| Net cash used in financing activities | (2,871) | (9,714) |
| Effects of exchange rate changes on cash, cash equivalents, and restricted cash | 13,026 | 27,499 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 9,448 | 15,295 |
| Cash, cash equivalents, and restricted cash at beginning of period | 501,867 | 322,409 |
| Cash, cash equivalents, and restricted cash at end of period | 511,315 | 337,704 |
| Less: Ending restricted cash | 2,797 | 2,912 |
| Cash and cash equivalents at end of period | $508,518 | $334,792 |
| Supplemental disclosure of non-cash information: | ||
| Accruals for property, plant and equipment purchased during the period | $1,628 | $12,031 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.