PHOTRONICS INC
For the period ended Jul 28, 2024. Filed Sep 5, 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.
Jul 28, 2024 · Filed Sep 5, 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
Cash Flows
| Nine Months Ended | ||
|---|---|---|
| July 28 2024 | July 30, 2023 | |
| Cash flows from operating activities: | ||
| Net income | $143,623 | $136,478 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 61,613 | 59,523 |
| Share-based compensation | 9,841 | 5,874 |
| Changes in assets and liabilities: | ||
| Accounts receivable | (5,181) | (1,482) |
| Inventories | (5,788) | (2,693) |
| Other current assets | (2,778) | 4,053 |
| Accounts payable, accrued liabilities, and other | (8,256) | (6,197) |
| Net cash provided by operating activities | 193,074 | 195,556 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (87,733) | (78,813) |
| Purchases of short-term investments | (100,558) | (9,837) |
| Proceeds from maturities of short-term investments | 44,696 | 22,500 |
| Government incentives | 1,541 | 2,033 |
| Other | (4) | (116) |
| Net cash used in investing activities | (142,058) | (64,233) |
| Cash flows from financing activities: | ||
| Repayments of debt | (4,500) | (16,351) |
| Proceeds from share-based arrangements | 1,074 | 1,241 |
| Net settlements of restricted stock awards | (3,002) | (1,292) |
| Net cash used in financing activities | (6,428) | (16,402) |
| Effects of exchange rate changes on cash, cash equivalents, and restricted cash | (6,454) | 13,813 |
| Net increase in cash, cash equivalents, and restricted cash | 38,134 | 128,734 |
| Cash, cash equivalents, and restricted cash at beginning of period | 501,867 | 322,409 |
| Cash, cash equivalents, and restricted cash at end of period | 540,001 | 451,143 |
| Less: Ending restricted cash | 2,670 | 2,664 |
| Cash and cash equivalents at end of period | $537,331 | $448,479 |
| Supplemental disclosure of non-cash information: | ||
| Accruals for property, plant and equipment purchased during the period | $9,163 | $22,578 |
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