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Pregis Announces Third Quarter 2009 Financial Results
Date:11/12/2009

(54) (92) (176) (518) Foreign exchange loss (gain), net (886) 9,562 (5,817) 6,641 ---- ----- ------ ----- Loss before income taxes (827) (12,764) (9,673) (17,774) Income tax expense (benefit) 2,514 (802) 1,013 3,029 ----- ---- ----- ----- Net loss $(3,341) $(11,962) $(10,686) $(20,803) ------- -------- -------- -------- Pregis Holding II Corporation Consolidated Statements of Cash Flows Unaudited (dollars in thousands) Nine Months Ended September 30, ----------------- 2009 2008 ---- ---- Operating activities Net loss $(10,686) $(20,803) Adjustments to reconcile net loss to cash provided by operating activities: Depreciation and amortization 35,383 40,734 Deferred income taxes (1,483) (1,419) Unrealized foreign exchange loss (gain) (5,552) 6,814 Amortization of deferred financing costs 1,781 1,781 Gain on disposal of property, plant and equipment (249) (246) Stock compensation expense 1,061 678 Impairment of interest rate swap asset - 1,299 Changes in operating assets and liabilities Accounts and other receivables, net
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