EX-99 3 ex99-2.txt EXHIBIT 99.2 EXHIBIT 99.2
ASHLAND INC. OPERATING AND NET INCOME SUMMARY* (In millions except per share data - unaudited) Operating Income Income ---------------------------------------------------------------------------------------- from Performance Water Refining & Unallocated Continuing Net APAC Materials Distribution Valvoline Technologies Marketing and other Total Operations Income -------- ----------- ------------ --------- ------------ ----------- ----------- ------- ---------- -------- FISCAL 2001 Qtr ended 12/31/00 $ 11 $ 4 $ 6 $ 6 $ 2 $ 109 $ (2) $ 136 $ 54 $ 59 Qtr ended 3/31/01 (41) - 10 13 2 96 (1) 79 21 46 Qtr ended 6/30/01 33 5 8 16 4 302 (2) 366 195 197 Qtr ended 9/30/01 40 (4) (7) 23 - 201 (2) 251 120 116 -------- ----------- ------------ --------- ------------ ----------- ----------- ------- ---------- -------- Year ended 9/30/01 $ 42 $ 5 $ 17 $ 58 $ 7 $ 707 $ (5) $ 831 $ 390 $ 417 ======== =========== ============ ========= ============ =========== =========== ======= ========== ======== FISCAL 2002 Qtr ended 12/31/01 (a) $ 33 $ 7 $ 5 $ 7 $ 3 $ 45 $ (4) $ 96 $ 37 $ 27 Qtr ended 3/31/02 (b) (16) 9 (7) 12 2 - (3) (3) (23) (21) Qtr ended 6/30/02 39 11 (2) 20 3 66 (5) 132 61 65 Qtr ended 9/30/02 55 8 (12) 17 4 33 (9) 96 41 47 -------- ----------- ------------ --------- ------------ ----------- ----------- ------- ---------- -------- Year ended 9/30/02 $ 111 $ 34 $ (15) $ 56 $ 12 $ 143 $ (20) $ 321 $ 115 $ 117 ======== =========== ============ ========= ============ =========== =========== ======= ========== ======== FISCAL 2003 Qtr ended 12/31/02 $ (4) $ 4 $ 3 $ 7 $ 1 $ 24 $ (3) $ 32 $ (1) $ (92) Qtr ended 3/31/03 (59) 1 3 14 - 21 (4) (24) (37) (39) Qtr ended 6/30/03 15 (4) 9 20 2 100 (4) 138 71 70 Qtr ended 9/30/03 (10) (2) (3) 20 - 118 (4) 119 61 137 -------- ----------- ------------ --------- ------------ ----------- ----------- ------- ---------- -------- Year ended 9/30/03 $ (57) $ (1) $ 12 $ 61 $ 3 $ 263 $ (15) $ 266 $ 94 $ 75 ======== =========== ============ ========= ============ =========== =========== ======= ========== ======== FISCAL 2004 Qtr ended 12/31/03 $ 28 $ 13 $ 9 $ 15 $ 4 $ 26 $ (3) $ 92 $ 39 $ 34 Qtr ended 3/31/04 (36) 10 15 20 3 2 (4) 10 (11) (16) Qtr ended 6/30/04 39 9 17 22 4 205 (4) 292 167 161 Qtr ended 9/30/04 64 9 14 20 3 151 7 268 203 200 -------- ----------- ------------ --------- ------------ ----------- ----------- ------- ---------- -------- Year ended 9/30/04 $ 94 $ 42 $ 56 $ 77 $ 14 $ 383 $ (4) $ 662 $ 398 $ 378 ======== =========== ============ ========= ============ =========== =========== ======= ========== ======== FISCAL 2005 Qtr ended 12/31/04 $ 4 $ 12 $ 20 $ 13 $ 4 $ 136 $ (9) $ 180 $ 94 $ 94 Qtr ended 3/31/05 (51) 28 29 17 3 61 (1) 86 33 33 Qtr ended 6/30/05 (c) 41 33 31 19 2 290 (6) 410 1,767 1,767 Qtr ended 9/30/05 36 15 19 10 2 - (12) 70 112 111 -------- ----------- ------------ --------- ------------ ----------- ----------- ------- ---------- -------- Year ended 9/30/05 $ 30 $ 88 $ 99 $ 59 $ 11 $ 486 $ (27) $ 746 $ 2,005 $ 2,004 ======== =========== ============ ========= ============ =========== =========== ======= ========== ======== FISCAL 2006 Qtr ended 12/31/05 $ 39 $ 26 $ 34 $ 1 $ 1 $ - $ (6) $ 95 $ 67 $ 66 Qtr ended 3/31/06 (11) 27 30 2 (1) - 2 49 49 49 Qtr ended 6/30/06 68 41 30 (10) 9 - (11) 127 93 93 Qtr ended 9/30/06 -------- ----------- ------------ --------- ------------ ----------- ----------- ------- ---------- -------- Year-to-date 6/30/06 $ 95 $ 94 $ 95 $ (6) $ 9 $ - $ (16) $ 271 $ 208 $ 207 ======== =========== ============ ========= ============ =========== =========== ======= ========== ========
* Quarterly amounts do not necessarily add to annual amounts due to rounding. ----------- (a) Includes Ashland's share of a charge ($29 million pretax, $18 million after tax, $.26 per share) for adjustments to MAP's IMV reserve. (b) Includes Ashland's share of income ($29 million pretax, $18 million after tax, $.25 per share) from adjustments to MAP's IMV reserve. (c) Includes a net gain of $1,536 million, or $20.56 per share, from the MAP Transaction and the repayment of most of Ashland's debt with the proceeds.
ASHLAND INC. OPERATING AND NET INCOME SUMMARY* (In millions except per share data - unaudited) Diluted EPS ---------------------------------- Continuing Net Operations Income ---------------- ---------------- Quarter YTD Quarter YTD ------- ------- ------- ------- FISCAL 2001 Quarter ended 12/31/00 $ 0.77 $ 0.77 $ 0.84 $ 0.84 Quarter ended 3/31/01 0.30 1.07 0.66 1.49 Quarter ended 6/30/01 2.76 3.83 2.79 4.28 Quarter ended 9/30/01 1.71 5.54 1.64 5.93 Year ended 9/30/01 - 5.54 - 5.93 FISCAL 2002 Quarter ended 12/31/01 (a) $ 0.52 $ 0.52 $ 0.38 $ 0.38 Quarter ended 3/31/02 (b) (0.33) 0.19 (0.31) 0.08 Quarter ended 6/30/02 0.87 1.06 0.93 1.00 Quarter ended 9/30/02 0.59 1.64 0.68 1.67 Year ended 9/30/02 - 1.64 - 1.67 FISCAL 2003 Quarter ended 12/31/02 $(0.02) $(0.02) $(1.35) $(1.35) Quarter ended 3/31/03 (0.54) (0.56) (0.57) (1.91) Quarter ended 6/30/03 1.03 0.48 1.01 (0.89) Quarter ended 9/30/03 0.89 1.37 1.99 1.10 Year ended 9/30/03 - 1.37 - 1.10 FISCAL 2004 Quarter ended 12/31/03 $ 0.56 $ 0.56 $ 0.49 $ 0.49 Quarter ended 3/31/04 (0.16) 0.39 (0.23) 0.25 Quarter ended 6/30/04 2.35 2.75 2.26 2.53 Quarter ended 9/30/04 2.81 5.59 2.76 5.31 Year ended 9/30/04 - 5.59 - 5.31 FISCAL 2005 Quarter ended 12/31/04 $ 1.28 $ 1.28 $ 1.28 $ 1.28 Quarter ended 3/31/05 0.44 1.72 0.44 1.72 Quarter ended 6/30/05 (c) 23.65 25.48 23.65 25.48 Quarter ended 9/30/05 1.49 26.86 1.48 26.85 Year ended 9/30/05 - 26.86 - 26.85 FISCAL 2006 Quarter ended 12/31/05 $ 0.91 $ 0.91 $ 0.91 $ 0.91 Quarter ended 3/31/06 0.67 1.59 0.67 1.57 Quarter ended 6/30/06 1.29 2.87 1.29 2.86 Quarter ended 9/30/06 Year-to-date 6/30/06 - 2.87 - 2.86
* Quarterly amounts do not necessarily add to annual amounts due to rounding. ----------- (a) Includes Ashland's share of a charge ($29 million pretax, $18 million after tax, $.26 per share) for adjustments to MAP's IMV reserve. (b) Includes Ashland's share of income ($29 million pretax, $18 million after tax, $.25 per share) from adjustments to MAP's IMV reserve. (c) Includes a net gain of $1,536 million, or $20.56 per share, from the MAP Transaction and the repayment of most of Ashland's debt with the proceeds.