ASH FY 2021 Earnings Report — Ashland Inc. Revenue & Financial Results | Market Cap Arena

Ashland Inc.ASH

FY 2021 Earnings

Reported November 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.0B	—	4.7%
Op. Income	$192M	—	-$461M	—	141.6%
Gross Margin	31.7%	—	29.7%	—	2.0pp
Net Margin	10.4%	—	-25.2%	—	35.6pp
EPS (Diluted)	$3.66	—	$-8.39	—	143.6%
Free Cash Flow	$455M	—	$70M	—	550.0%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$670M
R&D Expenses	$50M
Selling & Marketing	$0
General & Administrative	$358M
SG&A Expenses	$358M
Other Expenses	$70M
Operating Expenses	$478M
Cost & Expenses	$1.9B
OPERATING INCOME	$192M
Interest Income	$1M
Interest Expense	$73M
Other Income/Expenses	-$57M
INCOME BEFORE TAX	$135M
Income Tax Expense	-$38M
Net Income from Continuing Ops	$173M
Net Income from Discontinued Ops	$47M
Other Adjustments	$0
NET INCOME	$220M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$220M
D&A	$244M
EBIT	$204M
EBITDA	$448M
EPS	$3
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$670M
R&D Expenses	$50M
Selling & Marketing	$0
General & Administrative	$358M
SG&A Expenses	$358M
Other Expenses	$70M
Operating Expenses	$478M
Cost & Expenses	$1.9B
OPERATING INCOME	$192M
Interest Income	$1M
Interest Expense	$73M
Other Income/Expenses	-$57M
INCOME BEFORE TAX	$135M
Income Tax Expense	-$38M
Net Income from Continuing Ops	$173M
Net Income from Discontinued Ops	$47M
Other Adjustments	$0
NET INCOME	$220M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$220M
D&A	$244M
EBIT	$204M
EBITDA	$448M
EPS	$3
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$220M
Depreciation & Amortization	$244M
Stock-Based Compensation	$15M
Deferred Income Tax	-$26M
Other Non-Cash Items	$27M
Change in Working Capital	$80M
OPERATING CASH FLOW	$560M
Capital Expenditure	-$105M
Acquisitions (Net)	-$304M
Purchases of Investments	-$149M
Sales/Maturities of Investments	$149M
Other Investing Activities	$28M
NET CASH FROM INVESTING	-$381M
Net Debt Issuance	$107M
Common Stock Repurchased	-$450M
Common Dividends Paid	-$70M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$426M
FREE CASH FLOW	$455M
Net Change in Cash	-$244M

Balance Sheet

Item	Amount
Cash & Equivalents	$210M
Short-Term Investments	$0
Net Receivables	$369M
Inventory	$473M
Other Current Assets	$665M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$1.6B
Goodwill	$1.4B
Intangible Assets	$1.1B
Long-Term Investments	$4M
Tax Assets	$30M
Other Non-Current Assets	$774M
TOTAL NON-CURRENT ASSETS	$4.9B
TOTAL ASSETS	$6.6B
Account Payables	$236M
Short-Term Debt	$374M
Deferred Revenue	$0
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$934M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$237M
Other Non-Current Liabilities	$983M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$3.9B
Common Stock	$1M
Additional Paid-In Capital	$327M
Retained Earnings	$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$372M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$2.1B
Net Debt	$1.9B