EX-99.15 16 ex9915.htm ASHLAND DISTRIBUTION NON-GAAP METRIC INFORMATION ex9915.htm
EXHIBIT 99.15
Ashland Distribution Non GAAP Metric Information
($, Thousands)
 
POCKET PROFIT
  
Q1 2008
    
Q1 2007
  
             
Operating Income
    $
5,975
      $
14,015
  
                 
Invested Capital October 31
    $
613,747
      $
597,917
  
Invested Capital November 30
    
628,553
      
612,576
  
Invested Capital December 31
    
676,588
      
610,691
  
Total
    
1,918,887
      
1,821,184
  
Average Invested Capital (Total/3)
    
639,629
      
607,061
  
Cost of Capital (9.5%/4)
     2.375 %     2.375 %
Cost of Capital $ (COC$)
    $
15,191
      $
14,418
  
                 
Pocket Profit
    $ (9,216 )    $
(403
 ) 
(Net Income less COC$)
                

NOTE:  Ashland Distribution changed some of its existing internal segment presentation methodologies during the quarter which caused the definition of "pocket profit" to be adjusted.  As a result of this change, income taxes have been taken out of the "pocket profit" caldulation.  The prior period has been updated to conform to the current period's presentation.