EX-99.1 6 c47559exv99w1.htm EX-99.1: RECONCILIATION OF INCOME EX-99.1
Exhibit 99.1
PLIANT CORPORATION
Reconciliation of income from continuing operations before income taxes and EBITDA(R) or Segment Profit and Pro Forma EBITDA
                                 
    3 Months Ended     3 Months Ended     9 Months Ended     9 Months Ended  
Amounts in $ millions   September 30, 2008     September 30, 2007     September 30, 2008     September 30, 2007  
Income (loss) from continuing operations before income taxes
   $ (35.7 )   $ 19.1     $ (73.8 )   $ 1.4  
 
                                
Add(deduct)
                                
Depreciation and amortization
     11.2       10.7       33.2       33.8  
Interest
     23.1       21.7       68.6       63.8  
Restructuring and other costs
     3.8       5.4       10.5       7.2  
Reorganization and other costs
     0.1       0.3       0.1       1.1  
Other operating costs
     —       —       0.1       1.1  
Gain on extinguishment of debt
     —       (32.5 )     —       (32.5 )
 
                        
EBITDA(R) or Segment Profit
   $ 2.5     $ 24.7     $ 38.7     $ 75.9  
Plant closing cost savings
     2.2       —       6.7       —  
Reduction in workforce cost savings
     0.3       —       2.5       —  
 
                        
Pro Forma EBITDA
   $ 5.0     $ 24.7     $ 47.9     $ 75.9