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Pregis Announces First Quarter 2008 Financial Results
Date:5/9/2008

184 79

Changes in operating

assets and

liabilities, net

of effects of

acquisitions:

Accounts and other

receivables, net 3,671 (3,345)

Due from Pactiv 5,165 -

Inventories, net (8,276) (3,721)

Prepayments and other

current assets (554) 317

Accounts payable 10,782 18,592

Accrued taxes (5,400) 2,807

Accrued interest 4,538 4,698

Other current

liabilities (4,006) (4,794)

Pension and related

assets and

liabilities, net (1,035) (64)

Other, net 302 (207)

Cash provided by

operating activities 15,071 30,190

Investing activities

Capital expenditures (10,863) (5,099)

Other, net 63 184

Cash used in investing

activities (10,800) (4,915)

Financing activities

Repayment of long-term

debt (488) (443)

Other, net 1,731 296

Cash provided by (used

in) financing

activities 1,24
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SOURCE Pregis Corporation
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