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Pregis Announces Fourth Quarter and Full Year 2008 Financial Results
Date:3/26/2009

(13,121) 12,269 Accrued taxes (6,373) (5,695) Accrued interest 68 467 Other current liabilities (7,014) (382) Pension and related assets and liabilities, net (3,149) (2,726) Other, net 3,421 1,185 ----- ----- Cash provided by operating activities 39,654 51,175 ------ ------ Investing activities Capital expenditures (30,882) (34,626) Proceeds from sale of assets 1,063 775 Other business acquisitions, net of cash acquired (958) (28,785) Insurance proceeds 3,205 884 Other, net (969) (226) ---- ---- Cash used in investing activities (28,541) (61,978) ------- ------- Financing activities Proceeds from issuance of long-term debt (115) 218 Repayment of long-term debt (1,893) (1,828) Deferred financing costs - (1,237) --- ------ Cash used in financing activities (2,008) (2,847) Effect of exchange rate changes on cash and cash equivalents (2,915) 2,972 ------ ----- Increase (decrease) in cash and cash equivalents 6,190 (10,678) Cash and cash equival
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