ASH FY 2006 Earnings Report — Ashland Inc. Revenue & Financial Results | Market Cap Arena

Ashland Inc.ASH

FY 2006 Earnings

Reported September 29, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$7.2B	—	—	—	—
Op. Income	$175M	—	—	—	—
Gross Margin	16.6%	—	—	—	—
Net Margin	5.6%	—	—	—	—
EPS (Diluted)	$5.64	—	—	—	—
Free Cash Flow	$170M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$7.2B
Cost of Revenue	$6.0B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$126M
Operating Expenses	$1.2B
Cost & Expenses	$7.2B
OPERATING INCOME	$175M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$37M
INCOME BEFORE TAX	$212M
Income Tax Expense	$29M
Net Income from Continuing Ops	$183M
Net Income from Discontinued Ops	$224M
Other Adjustments	$0
NET INCOME	$407M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$407M
D&A	$111M
EBIT	$175M
EBITDA	$286M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$7.2B
Cost of Revenue	$6.0B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$126M
Operating Expenses	$1.2B
Cost & Expenses	$7.2B
OPERATING INCOME	$175M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$37M
INCOME BEFORE TAX	$212M
Income Tax Expense	$29M
Net Income from Continuing Ops	$183M
Net Income from Discontinued Ops	$224M
Other Adjustments	$0
NET INCOME	$407M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$407M
D&A	$111M
EBIT	$175M
EBITDA	$286M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$407M
Depreciation & Amortization	$111M
Stock-Based Compensation	$0
Deferred Income Tax	-$1M
Other Non-Cash Items	-$31M
Change in Working Capital	-$141M
OPERATING CASH FLOW	$345M
Capital Expenditure	-$175M
Acquisitions (Net)	-$183M
Purchases of Investments	-$824M
Sales/Maturities of Investments	$876M
Other Investing Activities	$1.3B
NET CASH FROM INVESTING	$962M
Net Debt Issuance	-$13M
Common Stock Repurchased	-$405M
Common Dividends Paid	-$78M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$472M
FREE CASH FLOW	$170M
Net Change in Cash	$835M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$349M
Net Receivables	$1.4B
Inventory	$532M
Other Current Assets	$148M
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$950M
Goodwill	$310M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$186M
Other Non-Current Assets	$894M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$6.6B
Account Payables	$1.3B
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$674M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$70M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$3.5B
Common Stock	$1M
Additional Paid-In Capital	$240M
Retained Earnings	$2.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$44M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$82M
Net Debt	-$1.7B