EX-99.15 16 ex9915.htm POCKET PROFIT DATA ex9915.htm
Exhibit 99.15
Ashland Distribution Non-GAAP Metric Information
($ in thousands)
 
POCKET PROFIT
  
Q2 2008
    
Q2 2007
  
             
Operating Income
    $
13,084
      $
20,107
  
                 
 Net Income    $  13,084      $ 20,107  
                 
Invested Capital January 31
    $
618,682
      $
639,787
  
Invested Capital February 28
    
587,943
      
647,585
  
Invested Capital March 31
    
576,938
      
619,485
  
Total
    
1,783,563
      
1,906,857
  
Average Invested Capital (Total/3)
    
594,521
      
635,619
  
Cost of Capital (13.0%/4)
     3.250 %     3.250 %
Cost of Capital $ (COC$)
    $
19,322
      $
20,658
  
                 
Pocket Profit
    $ (6,238 )    $
(551
 ) 
(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" calculation.  The removal of income taxes from the calculation above also affected monthly Invested Capital and moved the Cost of Capital percentage from its historical rate of  9.5% to 13%.  The prior period has been updated to conform to the current period's presentation.