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Solutia Reports First Quarter 2009 Results
Date:5/6/2009

---- --- Net Income (Loss) attributable to Solutia $(159) $(30) $1,454 ====== ===== ====== Basic and Diluted Loss per Share: Income (Loss) from Continuing Operations $(0.04) $(0.27) $11.96 Income (Loss) from Discontinued Operations, net of tax $(1.66) $(0.23) $1.95 Net Income (Loss) attributable to Solutia $(1.70) $(0.50) $(13.91) (a) Predecessor excludes unrecorded contractual interest expense of $5 in the two months ended February 28, 2008. SOLUTIA INC. CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Dollars in millions, except per share amounts) (Unaudited) Successor --------- March 31, December 31, 2009 2008 ---- ---- ASSETS Current Assets: Cash and cash equivalents $35 $32 Trade receivables, net of allowances of $0 in 2009 and 2008 194 227 Miscellaneous receivables 91 110 Inventories 310 341 Prepaid expenses and other assets 75 85 Assets of discontinued operations 342 490 --- --- Total Current Assets 1,047 1,285
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