GRAPHIC PACKAGING CORP (GPK) [Rocket]

In millions, except per share items	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01	Dec-31-00
	10-K	10-K	10-K	10-K	10-K	10-K/A	10-K	10-K/A
Revenues:
Paperboard Packaging	2,325.9	2,227.1	2,208.1	2,291.2	1,600.6	1,165.7	1,107.9
Coated Board								1,065.8
Containerboard/Other	95.3	94.6	86.2	95.3	82.7	81.6	93.7	126.5
Total revenues	2,421.2	2,321.7	2,294.3	2,386.5	1,683.3		1,201.6	1,192.4
Revenue growth [+]	4.3%	1.2%	-3.9%	41.8%			0.8%	1.5%
Paperboard Packaging	4.4%	0.9%	-3.6%	43.1%	37.3%	5.2%
Coated Board								0.3%
Containerboard/Other	0.7%	9.7%	-9.5%	15.2%	1.3%	-12.9%	-26.0%	13.0%
Cost of goods sold	2,061.7	2,020.6	1,985.9	2,026.7	1,398.5		953.9	930.8
Gross profit	359.5	301.1	308.4	359.8	284.8		247.7	261.6
Gross margin	14.8%	13.0%	13.4%	15.1%	16.9%		20.6%	21.9%
Selling, general and administrative [+]	195.1	197.0	203.0	202.3	153.1		116.5	116.9
Sales and marketing								4.7
Other selling, general and administrative								112.2
Research and development	9.2	10.8	9.2	9.6	7.4		5.1	4.6
Equity in earnings	0.9	1.0	1.2	1.4	1.3		0.9	-3.4
Other operating expenses	4.0	-0.5	9.7	32.3	18.2		18.8	-70.9
EBITDA [+]	346.9	290.8	293.0	345.9	267.8		245.3	351.1
EBITDA growth	19.3%	-0.8%	-15.3%	29.2%			-30.1%	37.2%
EBITDA margin	14.3%	12.5%	12.8%	14.5%	15.9%		20.4%	29.4%
Depreciation and amortization	194.8	196.0	205.3	228.9	160.4		137.1	143.5
EBIT [+]	152.1	94.8	87.7	117.0	107.4		108.2	207.6
EBIT growth	60.4%	8.1%	-25.0%	8.9%			-47.9%	83.1%
EBIT margin	6.3%	4.1%	3.8%	4.9%	6.4%		9.0%	17.4%
Non-recurring items								-2.6
Interest expense, net [+]	167.8	171.4	155.8	149.0	143.5		158.0	180.4
Interest expense	168.2	172.0	156.4	149.6	144.5		158.9	181.3
Interest income	0.4	0.6	0.6	0.6	1.0		0.9	0.8
Other income (expense), net	-10.4	-1.0	-1.2	-1.4	-46.6		-9.6	1.2
Pre-tax income	-26.1	-77.6	-69.3	-33.4	-82.7		-59.4	31.0
Income taxes	23.9	20.8	22.0	28.9	14.3		6.6	3.0
Tax rate								9.7%
Earnings from continuing ops	-49.1	-97.4	-90.1	-60.9	-95.7		-65.6	31.3
Earnings from discontinued ops	-25.5	-3.1	-1.0
Net income	-74.6	-100.5	-91.1	-60.9	-95.7		-65.6	31.3
Net margin	-3.1%	-4.3%	-4.0%	-2.6%	-5.7%		-5.5%	2.6%

Basic EPS [+]	($0.24)	($0.48)	($0.45)	($0.31)	($0.65)		($0.57)
Growth	-49.8%	7.5%	47.1%	-52.6%
Diluted EPS [+]	($0.24)	($0.48)	($0.45)	($0.31)	($0.65)		($0.57)
Growth	-49.8%	7.5%	47.1%	-52.6%

Shares outstanding (basic) [+]	201.8	201.1	200.0	198.9	148.3		115.1
Growth	0.3%	0.6%	0.6%	34.1%
Shares outstanding (diluted) [+]	201.8	201.1	200.0	198.9	148.3		115.1
Growth	0.3%	0.6%	0.6%	34.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.