PHOTRONICS INC
For the period ended Oct 31, 2025. Filed Dec 17, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Dec 17, 2025
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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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended | ||||
|---|---|---|---|---|
| October 31, 2025 · October 31, 2024 · October 31, 2023 | ||||
| Cash flows from operating activities: | ||||
| Net income | $190,234 | $183,848 | $199,634 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization of property, plant and equipment | 77,258 | 82,433 | 80,473 | |
| Amortization of intangible assets | 347 | 372 | 362 | |
| Share-based compensation | 13,388 | 13,890 | 8,001 | |
| Deferred income taxes | (17,168) | (1,389) | (927) | |
| Changes in assets, liabilities, and other: | ||||
| Accounts receivable | 6,309 | (2,541) | 4,026 | |
| Inventories | (4,942) | (6,154) | 1,236 | |
| Other current assets | (4,715) | 628 | 9,665 | |
| Accounts payable, accrued liabilities and other | (12,913) | (9,643) | (294) | |
| Net cash provided by operating activities | 247,798 | 261,444 | 302,176 | |
| Cash flows used in investing activities: | ||||
| Purchases of property, plant and equipment | (188,137) | (130,942) | (131,295) | |
| Purchases of short-term investments | (129,649) | (100,558) | (20,192) | |
| Proceeds from maturities of short-term investments | 76,823 | 72,836 | 47,537 | |
| Government incentives | 2,158 | 2,229 | 2,522 | |
| Purchases of intangible assets | (94) | (89) | (117) | |
| Other | - | 59 | - | |
| Net cash used in investing activities | (238,899) | (156,465) | (101,545) | |
| Cash flows used in financing activities: | ||||
| Repayments of debt | (17,972) | (6,621) | (18,439) | |
| Common stock repurchases | (97,422) | - | - | |
| Proceeds from share-based arrangements | 2,231 | 1,916 | 1,248 | |
| Net settlements of restricted stock awards | (2,094) | (3,025) | (1,302) | |
| Net cash used in financing activities | (115,257) | (7,730) | (18,493) | |
| Effects of exchange rate changes on cash, cash equivalents, and restricted cash | 228 | 2,127 | (2,680) | |
| Net change in cash, cash equivalents, and restricted cash | (106,130) | 99,376 | 179,458 | |
| Cash, cash equivalents, and restricted cash at beginning of year | 601,243 | 501,867 | 322,409 | |
| Cash, cash equivalents, and restricted cash at end of year | 495,113 | 601,243 | 501,867 | |
| Less: Ending restricted cash | 2,857 | 2,758 | 2,575 | |
| Cash and cash equivalents at end of year | $492,256 | $598,485 | $499,292 | |
| Supplemental disclosure of non-cash information: | ||||
| Accruals for property, plant and equipment not yet paid | $12,173 | $5,217 | $18,607 | |
| Expected refundable federal investment tax credit | $10,925 | $5,013 | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.