Investor Presentaiton
10
PHOTRONICS, INC.
Balance Sheet and Cash Flow Metrics
$M
Q423
Y/Y
Q/Q
Cash
499.3
+56% +11%
Short-term Investments
12.9
-67% -53%
Debt
24.6
-42%
-8%
Net Cash*
474.7
+71%
+13%
Operating Cash Flow
106.6 +35% +24%
Capital Expenditures
52.5
-20% +149%
Continued strong operating cash flow from
income generation and working capital
management
Debt comprised of US equipment leases
Capex targets growth in IC capacity & facility
expansion
Strong balance sheet able to fund investments,
share repurchases, and strategic opportunities
and remain resilient to effects of industry
downturns
Balance Sheet Provides Resilience, Enables Growth Strategy and Shareholder Value Creation
*Net cash is a non-GAAP term. See reconciliation included in this presentation.View entire presentation