Photronics, Inc. (PLAB) Financial Statements (2024 and earlier)

Company Profile

Business Address 15 SECOR ROAD
BROOKFIELD, CT 06804
State of Incorp. CT
Fiscal Year End October 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments475,804412,916373,991358,500380,833329,282
Cash and cash equivalents448,479367,485334,792319,680380,833329,282
Short-term investments27,32545,43139,19938,820  
Receivables206,128214,464220,692198,147206,495190,259
Inventory, net of allowances, customer advances and progress billings55,37954,94052,79650,75350,31357,940
Inventory55,37954,94052,79650,75350,31357,940
Other current assets34,90037,79653,33737,25240,41452,864
Total current assets:772,211720,116700,816644,652678,055630,345
Noncurrent Assets
Property, plant and equipment701,459699,917710,927643,873640,805659,881
Deferred income tax assets18,58519,30221,92219,81622,53523,731
Other noncurrent assets11,08811,6908,0157,4898,20217,930
Total noncurrent assets:731,132730,909740,864671,178671,542701,542
TOTAL ASSETS:1,503,3431,451,0251,441,6801,315,8301,349,5971,331,887
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities184,063178,151192,790257,352186,387174,061
Taxes payable40,518
Employee-related liabilities33,061
Accounts payable101,52592,67284,81879,56682,23478,341
Accrued liabilities82,53885,479107,972104,207104,15395,720
Debt6,5897,0176,54110,02410,72712,410
Other undisclosed current liabilities    (73,579)  
Total current liabilities:190,652185,168199,331193,797197,114186,471
Noncurrent Liabilities
Long-term debt and lease obligation20,12121,32227,32332,31046,58970,138
Long-term debt, excluding current maturities 20,12121,32227,32332,31046,58970,138
Finance lease, liability      
Liabilities, other than long-term debt40,69439,85132,30627,63425,93625,048
Other liabilities40,69439,85132,30627,63425,93625,048
Total noncurrent liabilities:60,81561,17359,62959,94472,52595,186
Total liabilities:251,467246,341258,960253,741269,639281,657
Equity
Equity, attributable to parent961,212928,047920,765831,527850,318834,399
Common stock613612611608608606
Additional paid in capital499,886497,391494,954493,741491,945489,368
Accumulated other comprehensive loss(55,795)(59,505)(24,420)(98,456)(40,809)(22,919)
Retained earnings516,508489,549449,620435,634398,574367,344
Equity, attributable to noncontrolling interest290,664276,637261,955230,562229,640215,831
Total equity:1,251,8761,204,6841,182,7201,062,0891,079,9581,050,230
TOTAL LIABILITIES AND EQUITY:1,503,3431,451,0251,441,6801,315,8301,349,5971,331,887

Income Statement (P&L) ($ in thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
Revenues224,206229,306211,090210,266219,948204,509
Cost of revenue
(Cost of Goods and Services Sold)
(137,405)(140,904)(135,013)(129,998)(136,085)(134,289)
Gross profit:86,80188,40276,07780,26883,86370,220
Operating expenses(21,537)(21,357)(20,120)(19,727)(20,111)(20,819)
Other undisclosed operating loss     (23) 
Operating income:65,26467,04555,95760,54163,72949,401
Nonoperating income (expense)(785)13,705(14,360)11,1524,2638,006
Gain (loss), foreign currency transaction, before tax(4,543)10,718(16,944)10,3703,8627,844
Other nonoperating income3,7582,9872,584782401162
Interest and debt expense   (65)(122)(126)(92)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:64,47980,75041,53271,57167,86657,315
Other undisclosed income (loss) from continuing operations before income taxes(126)(134) (233)(496)107
Income from continuing operations before income taxes:64,35380,61641,53271,33867,37057,422
Income tax expense(16,098)(21,343)(12,582)(16,074)(18,146)(14,393)
Income from continuing operations:48,25559,27328,95055,26449,22443,029
Income before gain (loss) on sale of properties:55,26449,22443,029
Net income:48,25559,27328,95055,26449,22443,029
Net loss attributable to noncontrolling interest(21,296)(19,344)(14,964)(18,204)(17,994)(15,597)
Net income available to common stockholders, diluted:26,95939,92913,98637,06031,23027,432

Comprehensive Income ($ in thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
Net income:48,25559,27328,95055,26449,22443,029
Other comprehensive income (loss)(3,559)(39,747)90,465(74,929)(22,075)(43,989)
Comprehensive income (loss):44,69619,526119,415(19,665)27,149(960)
Comprehensive loss, net of tax, attributable to noncontrolling interest(14,027)(14,682)(31,393)(922)(13,809)(5,092)
Comprehensive income (loss), net of tax, attributable to parent:30,6694,84488,022(20,587)13,340(6,052)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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