Pregis Announces First Quarter 2009 Financi...(251044 --...),Health

Date:5/12/2009

251,044 ------- ------- Operating income (loss) (1,531) 8,278 Interest expense 9,398 12,081 Interest income (27) (228) Foreign exchange loss (gain), net 3,174 (3,013) ----- ------ Loss before income taxes (14,076) (562) Income tax expense (benefit) (3,668) 2,710 ------ ----- Net loss $(10,408) $(3,272) -------- ------- Pregis Holding II Corporation Consolidated Statements of Cash Flows Unaudited (dollars in thousands) Three Months Ended March 31, ---------------------------- 2009 2008 ---- ---- Operating activities Net loss $(10,408) $(3,272) Adjustments to reconcile net loss to cash provided by operating activities: Depreciation and amortization 11,471 13,540 Deferred income taxes (4,056) 1,810 Unrealized foreign exchange loss (gain) 3,466 (2,972) Amortization of deferred financing costs 594 594 Gain on disposal of property, plant and equipment (211) - Stock compensation expense 433 184 Changes in operating assets and liabilities, net of effects o
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