ASH FY 2007 Earnings Report — Ashland Inc. Revenue & Financial Results | Market Cap Arena

Ashland Inc.ASH

FY 2007 Earnings

Reported September 29, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$7.8B	—	$7.2B	—	7.6%
Op. Income	$219M	—	$175M	—	25.1%
Gross Margin	17.2%	—	16.6%	—	0.6pp
Net Margin	3.0%	—	5.6%	—	-2.7pp
EPS (Diluted)	$3.60	—	$5.64	—	-36.2%
Free Cash Flow	$41M	—	$170M	—	-75.9%

Revenue Flow

Item	Amount
REVENUE	$7.8B
Cost of Revenue	$6.4B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$167M
Operating Expenses	$1.3B
Cost & Expenses	$7.8B
OPERATING INCOME	$219M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$40M
INCOME BEFORE TAX	$259M
Income Tax Expense	$58M
Net Income from Continuing Ops	$201M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$230M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$230M
D&A	$133M
EBIT	$219M
EBITDA	$352M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$7.8B
Cost of Revenue	$6.4B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$167M
Operating Expenses	$1.3B
Cost & Expenses	$7.8B
OPERATING INCOME	$219M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$40M
INCOME BEFORE TAX	$259M
Income Tax Expense	$58M
Net Income from Continuing Ops	$201M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$230M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$230M
D&A	$133M
EBIT	$219M
EBITDA	$352M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$230M
Depreciation & Amortization	$133M
Stock-Based Compensation	$0
Deferred Income Tax	$22M
Other Non-Cash Items	-$34M
Change in Working Capital	-$156M
OPERATING CASH FLOW	$195M
Capital Expenditure	-$154M
Acquisitions (Net)	-$75M
Purchases of Investments	-$484M
Sales/Maturities of Investments	$680M
Other Investing Activities	-$69M
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	-$13M
Common Stock Repurchased	-$288M
Common Dividends Paid	-$743M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$41M
Net Change in Cash	-$923M

Balance Sheet

Item	Amount
Cash & Equivalents	$897M
Short-Term Investments	$155M
Net Receivables	$1.5B
Inventory	$610M
Other Current Assets	$147M
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$983M
Goodwill	$377M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$157M
Other Non-Current Assets	$893M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$5.7B
Account Payables	$1.1B
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$64M
Deferred Revenue NC	$144M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.5B
Common Stock	$1M
Additional Paid-In Capital	$16M
Retained Earnings	$3.0B
Treasury Stock	$0
Accum. Other Comp. Income	$97M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$0
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$69M
Net Debt	-$828M