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.