Verso Paper Corp.

(NYSE:VRS)

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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	16,930	48,353	19,727	58,533
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	150,234	142,516	147,583	133,507
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	150,234	142,516	147,583	133,507
Raw Materials	27,549	19,200	22,213	19,918
Work in Progress	12,934	19,120	23,085	19,565
Purchased Components	—	—	—	—
Finished Goods	81,841	65,214	53,526	48,167
Other Inventories	31,850	30,483	37,781	31,970
Inventories Adjustments and Allowances	—	—	—	—
Inventories	154,174	134,017	136,605	119,620
Prepaid Expenses	6,459	2,808	3,337	3,935
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	—	—	—	—
Total Current Assets	327,797	327,694	307,252	315,595
Land and Improvements	—	—	—	28,017
Building and Improvements	—	—	—	172,189
Machinery Furniture and Equipment	—	—	—	1,096,429
Construction in Progress	—	—	—	29,406
Other Fixed Assets	1,292,699	1,305,920	1,309,556	—
Total Fixed Assets	1,292,699	1,305,920	1,309,556	1,326,041
Gross Fixed Assets	1,292,699	1,305,920	1,309,556	1,326,041
Accumulated Depreciation and Depletion	165,802	165,802	165,802	165,802
Net Fixed Assets	1,126,897	1,140,118	1,143,754	1,160,239
Intangibles	99,813	106,336	100,169	97,785
Cost in Excess	18,695	18,695	18,695	18,695
Non Current Deferred Income Taxes	—	—	—	—
Other Non Current Assets	12,469	12,084	11,322	11,144
Total Non Current Assets	1,257,874	1,277,233	1,273,940	1,287,863
Total Assets	1,585,671	1,604,927	1,581,192	1,603,458
Liabilities
Current Liabilities
Accounts Payable	153,942	167,770	129,960	132,244
Notes Payable	—	—	—	—
Short Term Debt	2,850	2,850	6,825	5,975
Accrued Expenses	—	—	—	—
Accrued Liabilities	88,673	85,161	71,653	93,012
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	—	—	—	—
Total Current Liabilities	245,465	255,781	208,438	231,231
Non Current Liabilities
Long Term Debt	1,263,450	1,264,163	1,412,875	1,413,588
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	—	—	—
Other Non Current Liabilities	31,355	34,284	34,794	33,740
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	1,540,270	1,554,228	1,656,107	1,678,559
Total Liabilities	1,294,805	1,298,447	1,447,669	1,447,328
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	45,401	50,699	-74,915	-75,101
Common Par	520	520	380	380
Additional Paid in Capital	211,776	211,397	48,566	48,489
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	-144,924	-161,927	-117,220	-114,100
Treasury Stock	—	—	—	—
Other Equity Adjustments	-21,971	709	-6,641	-9,870
Total Capitalization	1,308,851	1,314,862	1,337,960	1,338,487
Cash Flow	—	—	—	18,475
Working Capital	82,332	71,913	98,814	84,364
Free Cash Flow	-42,164	-9,781	-38,943	-298,038
Invested Capital	1,308,851	1,314,862	1,337,960	1,338,487
Total Equity	45,401	50,699	-74,915	-75,101
Total Liabilities and Stock Equity	1,585,671	1,604,927	1,581,192	1,603,458

	Dec 31, 2007	Dec 31, 2006
Assets
Current Assets
Cash & Equivalents	58,533	112,479
Restricted Cash	—	—
Marketable Securities	—	—
Accounts Receivable	133,507	121,647
Loans Receivable	—	—
Other Receivable	—	—
Receivables	133,507	121,647
Raw Materials	19,918	22,147
Work in Progress	19,565	19,012
Purchased Components	—	—
Finished Goods	48,167	63,894
Other Inventories	31,970	35,450
Inventories Adjustments and Allowances	—	—
Inventories	119,620	140,503
Prepaid Expenses	3,935	5,880
Current Deferred Income Taxes	—	—
Other Current Assets	—	—
Total Current Assets	315,595	380,509
Land and Improvements	28,017	26,114
Building and Improvements	172,189	167,843
Machinery Furniture and Equipment	1,096,429	1,048,153
Construction in Progress	29,406	17,689
Other Fixed Assets	—	—
Total Fixed Assets	1,326,041	1,259,799
Gross Fixed Assets	1,326,041	1,259,799
Accumulated Depreciation and Depletion	165,802	47,543
Net Fixed Assets	1,160,239	1,212,256
Intangibles	97,785	89,544
Cost in Excess	18,695	18,695
Non Current Deferred Income Taxes	—	—
Other Non Current Assets	11,144	10,007
Total Non Current Assets	1,287,863	1,330,502
Total Assets	1,603,458	1,711,011
Liabilities
Current Liabilities
Accounts Payable	132,244	146,381
Notes Payable	—	—
Short Term Debt	5,975	2,850
Accrued Expenses	—	—
Accrued Liabilities	93,012	80,362
Deferred Revenues	—	—
Current Deferred Income Tax Liabilities	—	—
Other Current Liabilities	—	—
Total Current Liabilities	231,231	229,593
Non Current Liabilities
Long Term Debt	1,413,588	1,166,438
Capital Lease Obligations	—	—
Deferred Income Tax Liabilities	—	—
Other Non Current Liabilities	33,740	34,961
Minority Interest Liabilities	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—
Preferred Equity Outside Stock Equity	—	—
Total Non Current Liabilities	1,678,559	1,430,992
Total Liabilities	1,447,328	1,201,399
Shareholders' Equity
Preferred Stock Equity	—	—
Common Stock Equity	-75,101	280,019
Common Par	380	380
Additional Paid in Capital	48,489	290,017
Cumulative Translation Adjustment	—	—
Retained Earnings	-114,100	-2,637
Treasury Stock	—	—
Other Equity Adjustments	-9,870	-7,741
Total Capitalization	1,338,487	1,446,457
Cash Flow	18,475	47,982
Working Capital	84,364	150,916
Free Cash Flow	-298,038	-1,012,411
Invested Capital	1,338,487	1,446,457
Total Equity	-75,101	280,019
Total Liabilities and Stock Equity	1,603,458	1,711,011