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Pregis Announces First Quarter 2008 Financial Results


Property, plant and

equipment, net 287,651 277,398

Other assets

Goodwill 153,803 150,000

Intangible assets, net 48,380 47,910

Deferred financing

costs, net 9,515 10,080

Due from Pactiv, long-

term 11,553 12,229

Pension and related

assets 26,741 25,659

Other 1,649 2,313

Total other assets 251,641 248,191

Total assets $890,754 $855,319

Liabilities and

stockholder's equity

Current liabilities

Current portion of

long-term debt $3,982 $2,120

Accounts payable 116,443 100,326

Accrued income taxes 8,519 13,900

Accrued payroll and

benefits 17,662 19,814

Accrued interest 11,684 6,775

Other 22,201 22,436

Total current

liabilities 180,491 165,371

Long-term debt 495,013 475,604

Deferred income taxes 37,294 34,589

Long-term income tax

liabilities 9,781 9,585

Pension and related


SOURCE Pregis Corporation
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