ASH FY 2019 Earnings Report — Ashland Inc. Revenue & Financial Results | Market Cap Arena

Ashland Inc.ASH

FY 2019 Earnings

Reported November 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.6B	—	-17.0%
Op. Income	$86M	—	$102M	—	-15.7%
Gross Margin	30.3%	—	33.3%	—	-3.0pp
Net Margin	23.5%	—	4.4%	—	19.1pp
EPS (Diluted)	$8.03	—	$1.78	—	351.1%
Free Cash Flow	$87M	—	$140M	—	-37.9%

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$651M
R&D Expenses	$58M
Selling & Marketing	$0
General & Administrative	$426M
SG&A Expenses	$426M
Other Expenses	$81M
Operating Expenses	$565M
Cost & Expenses	$2.1B
OPERATING INCOME	$86M
Interest Income	$2M
Interest Expense	$114M
Other Income/Expenses	-$95M
INCOME BEFORE TAX	-$9M
Income Tax Expense	$30M
Net Income from Continuing Ops	-$39M
Net Income from Discontinued Ops	$544M
Other Adjustments	$0
NET INCOME	$505M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$505M
D&A	$277M
EBIT	$105M
EBITDA	$382M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$505M
Depreciation & Amortization	$277M
Stock-Based Compensation	$21M
Deferred Income Tax	$20M
Other Non-Cash Items	-$453M
Change in Working Capital	-$129M
OPERATING CASH FLOW	$241M
Capital Expenditure	-$154M
Acquisitions (Net)	-$2M
Purchases of Investments	-$348M
Sales/Maturities of Investments	$354M
Other Investing Activities	$999M
NET CASH FROM INVESTING	$849M
Net Debt Issuance	-$875M
Common Stock Repurchased	-$200M
Common Dividends Paid	-$64M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$87M
Net Change in Cash	-$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$232M
Short-Term Investments	$0
Net Receivables	$481M
Inventory	$597M
Other Current Assets	$123M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$1.6B
Goodwill	$2.3B
Intangible Assets	$1.1B
Long-Term Investments	$6M
Tax Assets	$23M
Other Non-Current Assets	$871M
TOTAL NON-CURRENT ASSETS	$5.8B
TOTAL ASSETS	$7.3B
Account Payables	$313M
Short-Term Debt	$166M
Deferred Revenue	$0
Other Current Liabilities	$101M
TOTAL CURRENT LIABILITIES	$757M
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$264M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$3.7B
Common Stock	$1M
Additional Paid-In Capital	$756M
Retained Earnings	$3.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$410M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$0
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$1.7B
Net Debt	$1.4B