v3.25.1

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 04, 2025	Oct. 31, 2024
Current assets:
Cash and cash equivalents	$ 530,708	$ 598,485
Short-term investments	27,699	42,184
Accounts receivable, net of allowance of $1,171 in 2025 and $1,126 in 2024	195,977	200,830
Inventories	61,201	56,527
Other current assets	40,221	33,036
Total current assets	855,806	931,062
Property, plant and equipment, net	807,558	745,257
Deferred income taxes	24,727	23,059
Other assets	14,941	12,681
Total assets	1,703,032	1,712,059
Current liabilities:
Current portion of long-term debt	11	17,972
Accounts payable	89,484	78,717
Accrued liabilities	77,288	87,122
Total current liabilities	166,783	183,811
Long-term debt	19	25
Other liabilities	39,461	47,464
Total liabilities	206,263	231,300
Commitments and contingencies (Note 12)
Equity:
Preferred stock, $0.01 par value, 2,000 shares authorized, none issued and outstanding	0	0
Common stock, $0.01 par value, 150,000 shares authorized, 58,711 shares issued and outstanding as of May 4, 2025, and 61,949 shares issued and outstanding as of October 31, 2024	587	619
Additional paid-in capital	489,205	514,757
Retained earnings	698,423	691,807
Accumulated other comprehensive loss	(87,295)	(86,319)
Total Photronics, Inc. shareholders' equity	1,100,920	1,120,864
Noncontrolling interests	395,849	359,895
Total equity	1,496,769	1,480,759
Total liabilities and equity	$ 1,703,032	$ 1,712,059

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

PHOTRONICS INC 10-Q