EX-99.3 4 a07-25717_2ex99d3.htm EX-99.3

EXHIBIT 99.3

 

PLIANT CORPORATION

Reconciliation of income from continuing operations before income taxes and EBITDA(R) or Segment Profit

 

 

 

3 Months Ended

 

3 Months Ended

 

9 Months Ended

 

9 Months Ended

 

Amounts in $ millions

 

September 30, 2007

 

September 30, 2006

 

September 30, 2007

 

September 30, 2006

 

Income from continuing operations before income taxes

 

$

19.1

 

$

376.6

 

$

1.4

 

$

303.1

 

 

 

 

 

 

 

 

 

 

 

Add back:

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

10.7

 

10.1

 

33.8

 

30.1

 

Interest

 

21.7

 

20.0

 

63.9

 

60.6

 

Restructuring and other costs

 

5.4

 

(0.7

)

7.2

 

(0.7

)

Reorganization costs

 

0.3

 

18.4

 

1.0

 

82.2

 

Other operating costs

 

—

 

—

 

1.1

 

—

 

Gain on extinguishment of debt

 

(32.5

)

(398.4

)

(32.5

)

(398.4

)

EBITDA(R) or Segment profit

 

$

24.7

 

$

26.0

 

$

75.9

 

$

76.9