Trex, Inc.

(NYSE:TWP)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	42,757	17,675	66	66
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	19,177	35,364	63,228	6,588
Loans Receivable	—	—	—	—
Other Receivable	2,532	2,393	2,373	2,376
Receivables	21,709	37,757	65,601	8,964
Raw Materials	—	18,732	17,675	19,653
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	—	37,419	48,417	72,916
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	49,052	56,151	66,092	92,569
Prepaid Expenses	3,250	3,156	2,629	2,617
Current Deferred Income Taxes	16,007	16,007	16,007	16,007
Other Current Assets	—	—	—	—
Total Current Assets	132,775	130,746	150,395	120,223
Land and Improvements	—	—	—	8,857
Building and Improvements	—	—	—	55,530
Machinery Furniture and Equipment	—	—	—	236,514
Construction in Progress	—	—	—	3,259
Other Fixed Assets	—	296,230	300,720	—
Total Fixed Assets	—	296,230	300,720	304,160
Gross Fixed Assets	181,315	296,230	300,720	304,160
Accumulated Depreciation and Depletion	—	110,216	110,216	110,216
Net Fixed Assets	181,315	186,014	190,504	193,944
Intangibles	—	—	—	—
Cost in Excess	6,837	6,837	6,837	6,837
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	7,869	8,394	8,502	7,722
Total Non Current Assets	196,021	201,245	205,843	208,503
Total Assets	328,796	331,991	356,238	328,726
Liabilities
Current Liabilities
Accounts Payable	32,288	14,898	21,995	19,776
Notes Payable	—	—	—	—
Short Term Debt	1,267	1,241	22,946	1,198
Accrued Expenses	—	24,605	23,426	21,583
Accrued Liabilities	11,137	12,726	21,084	21,084
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	—	—	—	—
Total Current Liabilities	44,692	53,470	89,451	63,641
Non Current Liabilities
Long Term Debt	130,770	131,096	131,454	131,730
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	15,798	15,794	15,719	15,763
Other Non Current Liabilities	18,213	19,781	16,556	23,565
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	209,473	220,141	253,180	234,699
Total Liabilities	164,781	166,671	163,729	171,058
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	119,323	111,850	103,058	94,027
Common Par	155	154	153	151
Additional Paid in Capital	68,245	67,498	66,723	66,523
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	51,419	44,702	36,813	27,910
Treasury Stock	—	—	—	—
Other Equity Adjustments	-496	-504	-631	-557
Total Capitalization	250,093	242,946	234,512	225,757
Cash Flow	—	-40,293	-46,504	-53,421
Working Capital	88,083	77,276	60,944	56,582
Free Cash Flow	—	19,063	-20,534	-25,198
Invested Capital	250,093	242,946	234,512	225,757
Total Equity	119,323	111,850	103,058	94,027
Total Liabilities and Stock Equity	328,796	331,991	356,238	328,726

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	66	672	1,931	23,925
Restricted Cash	—	—	—	20,959
Marketable Securities	—	—	—	—
Accounts Receivable	6,588	18,140	12,364	21,964
Loans Receivable	—	—	—	—
Other Receivable	2,376	6,480	8,297	—
Receivables	8,964	24,620	20,661	21,964
Raw Materials	19,653	28,210	17,947	11,793
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	72,916	83,224	38,779	32,564
Other Inventories	—	—	—	—
Inventories Adjustments and Allowances	—	—	—	—
Inventories	92,569	111,434	56,726	44,357
Prepaid Expenses	2,617	3,201	3,750	4,659
Current Deferred Income Taxes	16,007	3,180	1,711	2,975
Other Current Assets	—	—	—	—
Total Current Assets	120,223	143,107	84,779	118,839
Land and Improvements	8,857	8,857	8,857	8,857
Building and Improvements	55,530	49,811	49,104	36,466
Machinery Furniture and Equipment	236,514	199,330	178,510	133,907
Construction in Progress	3,259	31,263	24,600	36,920
Other Fixed Assets	—	—	—	—
Total Fixed Assets	304,160	289,261	261,071	216,150
Gross Fixed Assets	304,160	289,261	261,071	216,150
Accumulated Depreciation and Depletion	110,216	90,736	69,861	57,761
Net Fixed Assets	193,944	198,525	191,210	158,389
Intangibles	—	—	6,837	6,837
Cost in Excess	6,837	6,837	—	—
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	7,722	3,848	3,443	2,986
Total Non Current Assets	208,503	209,210	201,490	168,212
Total Assets	328,726	352,317	286,269	287,051
Liabilities
Current Liabilities
Accounts Payable	19,776	40,248	14,405	16,392
Notes Payable	—	—	—	—
Short Term Debt	1,198	53,247	13,101	8,932
Accrued Expenses	21,583	20,053	17,514	15,104
Accrued Liabilities	21,084	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	—	—	—	—
Total Current Liabilities	63,641	113,548	45,020	40,428
Non Current Liabilities
Long Term Debt	131,730	51,390	60,505	69,565
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	15,763	17,217	15,158	15,808
Other Non Current Liabilities	23,565	747	1,053	1,736
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	234,699	182,902	121,736	127,537
Total Liabilities	171,058	69,354	76,716	87,109
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	94,027	169,415	164,533	159,514
Common Par	151	149	149	148
Additional Paid in Capital	66,523	62,986	61,901	60,182
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	27,910	106,558	104,040	101,541
Treasury Stock	—	—	—	—
Other Equity Adjustments	-557	-278	-1,557	-2,357
Total Capitalization	225,757	220,805	225,038	229,079
Cash Flow	-53,421	22,605	19,948	41,813
Working Capital	56,582	29,559	39,759	78,411
Free Cash Flow	-25,198	-31,740	-38,064	11,168
Invested Capital	225,757	220,805	225,038	229,079
Total Equity	94,027	169,415	164,533	159,514
Total Liabilities and Stock Equity	328,726	352,317	286,269	287,051