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.