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ASHLAND INC. (ASH)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsSep-30-21Sep-30-20Sep-30-19Sep-30-18Sep-30-17Sep-30-16Sep-30-15Sep-30-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Specialty Ingredients      2,216 2,2632,498
    International     1,5921,429   
    Intermediates and Solvents     15593 323 
    Performance Materials         1,600
    Other     842    
Total revenues   [+]2,1112,0162,1482,5892,309566
            Revenue growth   [+]4.7%-6.1%-17.0%12.1%46080.0%-16.7%0.0% 
Cost of goods sold  1,4411,4171,4971,7261,5808828824,605
Gross profit  670599651863729-877-876-4,599
            Gross margin  31.7%29.7%30.3%33.3%31.6%-17540.0%-14600.0%-76650.0%
Selling, general and administrative  45668861,358
Other operating expenses  4521,050607769866-634-796-6,008
EBITDA   [+]458-22131536512051220444
            EBITDA margin  21.7%-11.0%14.7%14.1%5.2%1020.0%3666.7%7400.0%
Depreciation  154151192184185226228304
EBITA  304-372123181-65-175-8140
            EBITA margin  14.4%-18.5%5.7%7.0%-2.8%-3500.0%-133.3%2333.3%
Amortization of intangibles  9084859380767889
EBIT   [+]214-4563888-145-251-8651
            EBIT margin  10.1%-22.6%1.8%3.4%-6.3%-5020.0%-1433.3%850.0%
Non-recurring items  45668865
Interest expense  206244176179
Other income (expense), net  -55-54-37-67-26-43-42-153
Pre-tax income  135-577-911-196-308-151-116
Income taxes  -38-2230-8-16-25-139-188
            Tax rate   3.8%  8.2%8.1%92.1%162.1%
Earnings from continuing ops  173-555-3919-180-283-1272
Earnings from discontinued ops  4747544     
Net income  220-508505191-2930972
            Net margin  10.4%-25.2%23.5%0.7%0.0%-580.0%5150.0%1200.0%
   
Basic EPS   [+]$2.88($9.10)($0.63)$0.30($2.90)($4.49)($0.18)$0.94
Diluted EPS   [+]$2.84($9.10)($0.63)$0.30($2.90)($4.49)($0.18)$0.92
   
Dividends per share   [+]$1.15$1.10$1.05$0.95$1.23$1.56$1.46$1.34
   
Shares outstanding (basic)   [+]6061626362636877
Shares outstanding (diluted)   [+]6161626462636878
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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