EX-99.15 16 ex9915.htm POCKET PROFIT DATA ex9915.htm
Exhibit 99.15
Ashland Distribution Non-GAAP Metric Information
($ in thousands)
 
POCKET PROFIT
  
Q3 2008
    
Q3 2007
  
             
Operating Income
    $
19,726
      $
11,608
  
                 
 Net Income    $  19,726      $ 11,608  
                 
Invested Capital April 30
    $
580,675
      $
640,314
  
Invested Capital May 31
    
567,817
      
645,925
  
Invested Capital June 30
    
593,974
      
610,303
  
Total
    
1,742,466
      
1,896,542
  
Average Invested Capital (Total/3)
    
580,822
      
632,181
  
Cost of Capital (13.0%/4)
     3.250 %     3.250 %
Cost of Capital $ (COC$)
    $
18,877
      $
20,546
  
                 
Pocket Profit
    $ 849      $
(8,938
 ) 
(Net Income less COC$)
                

NOTE:  Ashland Distribution changed some of its existing internal segment presentation methodologies during the second quarter of the current year 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.