EXHIBIT 99.1

IMATION CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
Summary of Imation’s Historical Results with Specialty Papers Presented as a Discontinued Operation
(In millions, except for per share amounts)
(Unaudited)

	2003			2004															2005
	Total			Q1			Q2			Q3			Q4			Total			Q1			Q2			Total
Net revenues	$	1,110.6		$	326.3		$	272.3		$	259.3		$	315.8		$	1,173.7		$	315.0		$	301.5		$	616.5
Cost of goods sold		790.0			236.2			205.2			200.3			244.2			885.9			232.7			226.3			459.0
Gross profit		320.6			90.1			67.1			59.0			71.6			287.8			82.3			75.2			157.5
Operating income:
Selling, general and administrative		163.9			44.1			41.5			38.6			37.3			161.5			38.4			38.0			76.4
Research and development		56.4			15.1			14.5			13.7			13.2			56.5			12.6			13.4			26.0
Litigation		(1.0	)		—			—			—			—			—			—			—			—
Restructuring and other		(7.2	)		—			3.1			—			22.1			25.2			—			—			—
Total		212.1			59.2			59.1			52.3			72.6			243.2			51.0			51.4			102.4
Operating income		108.5			30.9			8.0			6.7			(1.0	)		44.6			31.3			23.8			55.1
Other (income) and expense:
Interest income		(5.9	)		(1.1	)		(1.0	)		(1.3	)		(1.7	)		(5.1	)		(2.1	)		(2.3	)		(4.4	)
Interest expense		1.3			0.1			0.2			0.2			0.1			0.6			0.1			0.2			0.3
Other, net		2.1			1.0			1.1			0.6			2.5			5.2			3.7			1.1			4.8
Total		(2.5	)		—			0.3			(0.5	)		0.9			0.7			1.7			(1.0	)		0.7
Income from continuing operations before taxes		111.0			30.9			7.7			7.2			(1.9	)		43.9			29.6			24.8			54.4
Income tax provision		36.1			10.8			1.8			(1.5	)		(3.7	)		7.4			(1.2	)		9.0			7.8
Income from continuing operations		74.9			20.1			5.9			8.7			1.8			36.5			30.8			15.8			46.6
Discontinued Operations:
Income (loss) from discontinued operations, net of taxes		7.1			1.3			0.9			0.9			(9.7	)		(6.6	)		0.6			5.5			6.1
Net income	$	82.0		$	21.4		$	6.8		$	9.6		$	(7.9	)	$	29.9		$	31.4		$	21.3		$	52.7
Basic earnings per common share:
Continuing operations	$	2.11		$	0.57		$	0.17		$	0.25		$	0.05		$	1.04		$	0.91		$	0.47		$	1.38
Discontinued operations	$	0.20		$	0.04		$	0.03		$	0.03		$	(0.29	)	$	(0.19	)	$	0.02		$	0.16		$	0.18
Net income	$	2.31		$	0.60		$	0.20		$	0.27		$	(0.23	)	$	0.85		$	0.93		$	0.63		$	1.56
Diluted earnings per common share:
Continuing operations	$	2.06		$	0.56		$	0.16		$	0.24		$	0.05		$	1.03		$	0.90		$	0.46		$	1.36
Discontinued operations	$	0.20		$	0.04		$	0.02		$	0.03		$	(0.28	)	$	(0.19	)	$	0.02		$	0.16		$	0.18
Net income	$	2.26		$	0.59		$	0.19		$	0.27		$	(0.23	)	$	0.84		$	0.92		$	0.62		$	1.54
Weighted average basic shares outstanding		35.5			35.4			35.5			35.0			33.9			35.0			33.8			33.7			33.7
Weighted average diluted shares outstanding		36.3			36.2			36.4			35.7			34.4			35.6			34.2			34.3			34.3