EXHIBIT 99.1
ASHLAND INC.
OPERATING AND NET INCOME SUMMARY*
(In millions except per share data - unaudited)
Operating Income
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Income
Ashland from
Ashland Specialty Refining & Unallocated Continuing Net
APAC Distribution Chemical Valvoline Marketing and other Total Operations Income
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FISCAL 2001
Quarter ended 12/31/00 $ 11 $ 6 $ 6 $ 6 $ 109 $ (2) $ 136 $ 54 $ 59
Quarter ended 3/31/01 (41) 10 2 13 96 (1) 79 21 46
Quarter ended 6/30/01 33 8 9 16 302 (2) 366 195 197
Quarter ended 9/30/01 40 (7) (4) 23 201 (2) 251 120 116
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Year ended 9/30/01 $ 42 $ 17 $ 12 $ 58 $ 707 $ (5) $ 831 $ 390 $ 417
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FISCAL 2002
Quarter ended 12/31/01 (a) $ 33 $ 5 $ 10 $ 7 $ 45 $ (4) $ 96 $ 37 $ 27
Quarter ended 3/31/02 (b) (16) (7) 11 12 - (3) (3) (23) (21)
Quarter ended 6/30/02 39 (2) 14 20 66 (5) 132 61 65
Quarter ended 9/30/02 55 (12) 12 17 33 (9) 96 41 47
------- -------- ------- ------- --------- -------- --------- --------- ---------
Year ended 9/30/02 $ 111 $ (15) $ 46 $ 56 $ 143 $ (20) 321 $ 115 $ 117
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FISCAL 2003
Quarter ended 12/31/02 $ (4) $ 3 $ 5 $ 7 $ 24 $ (3) $ 32 $ (1) $ (92)
Quarter ended 3/31/03 (59) 3 1 14 21 (4) (24) (37) (39)
Quarter ended 6/30/03 15 9 (2) 20 100 (4) 138 71 70
Quarter ended 9/30/03 (10) (3) (2) 20 118 (4) 119 61 137
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Year ended 9/30/03 $ (57) $ 12 $ 2 $ 61 $ 263 $ (15) $ 266 $ 94 $ 75
======= ======== ======= ======= ========= ======== ========= ========= =========
FISCAL 2004
Quarter ended 12/31/03 $ 28 $ 9 $ 17 $ 15 $ 26 $ (3) $ 92 $ 39 $ 34
Quarter ended 3/31/04 (36) 15 13 20 2 (4) 10 (11) (16)
Quarter ended 6/30/04 39 17 13 22 205 (4) 292 167 161
Quarter ended 9/30/04 64 14 12 20 151 7 268 203 200
------- -------- ------- ------- --------- -------- --------- --------- ---------
Year ended 9/30/04 $ 94 $ 56 $ 56 $ 77 $ 383 $ (4) $ 662 $ 398 $ 378
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FISCAL 2005
Quarter ended 12/31/04 $ 4 $ 20 $ 16 $ 13 $ 136 $ (9) $ 180 $ 94 $ 94
Quarter ended 3/31/05 (51) 29 31 17 61 (1) 86 33 33
Quarter ended 6/30/05 (c) 41 31 35 19 290 (6) 410 1,767 1,767
Quarter ended 9/30/05 36 19 17 10 - (12) 70 112 111
------- -------- ------- ------- --------- -------- --------- --------- ---------
Year ended 9/30/05 $ 30 $ 99 $ 99 $ 59 $ 486 $ (27) $ 746 $2,005 $2,004
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FISCAL 2006
Quarter ended 12/31/05 $ 39 $ 34 $ 27 $ 1 $ - $ (6) $ 95 $ 67 $ 66
Quarter ended 3/31/06 -
Quarter ended 6/30/06 -
Quarter ended 9/30/06 -
------- -------- ------- ------- --------- -------- --------- --------- ---------
Year-to-date 12/31/05 $ 39 $ 34 $ 27 $ 1 $ - $ (6) $ 95 $ 67 $ 66
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* Quarterly amounts do not necessarily add to annual amounts due to rounding.
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(a) Includes Ashland's share of a charge ($29 million pretax, $18 million
after tax, $.26 per share) for adjustments to MAP's IMV reserve.
(b) Includes Ashland's share of income ($29 million pretax, $18 million
after tax, $.25 per share) from adjustments to MAP's IMV reserve.
(c) Includes a net gain of $1,536 million, or $20.56 per share, from the
MAP Transaction and the repayment of most of Ashland's debt with the
proceeds.
ASHLAND INC.
OPERATING AND NET INCOME SUMMARY*
(In millions except per share data - unaudited)
Diluted EPS
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Continuing Net
Operations Income
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Quarter YTD Quarter YTD
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FISCAL 2001
Quarter ended 12/31/00 $ 0.77 $ 0.77 $ 0.84 $ 0.84
Quarter ended 3/31/01 0.30 1.07 0.66 1.49
Quarter ended 6/30/01 2.76 3.83 2.79 4.28
Quarter ended 9/30/01 1.71 5.54 1.64 5.93
Year ended 9/30/01 - 5.54 - 5.93
FISCAL 2002
Quarter ended 12/31/01 (a) $ 0.52 $ 0.52 $ 0.38 $ 0.38
Quarter ended 3/31/02 (b) (0.33) 0.19 (0.31) 0.08
Quarter ended 6/30/02 0.87 1.06 0.93 1.00
Quarter ended 9/30/02 0.59 1.64 0.68 1.67
Year ended 9/30/02 - 1.64 - 1.67
FISCAL 2003
Quarter ended 12/31/02 $ (0.02) $ (0.02) $ (1.35) $ (1.35)
Quarter ended 3/31/03 (0.54) (0.56) (0.57) (1.91)
Quarter ended 6/30/03 1.03 0.48 1.01 (0.89)
Quarter ended 9/30/03 0.89 1.37 1.99 1.10
Year ended 9/30/03 - 1.37 - 1.10
FISCAL 2004
Quarter ended 12/31/03 $ 0.56 $ 0.56 $ 0.49 $ 0.49
Quarter ended 3/31/04 (0.16) 0.39 (0.23) 0.25
Quarter ended 6/30/04 2.35 2.75 2.26 2.53
Quarter ended 9/30/04 2.81 5.59 2.76 5.31
Year ended 9/30/04 - 5.59 - 5.31
FISCAL 2005
Quarter ended 12/31/04 $ 1.28 $ 1.28 $ 1.28 $ 1.28
Quarter ended 3/31/05 0.44 1.72 0.44 1.72
Quarter ended 6/30/05 (c) 23.65 25.48 23.65 25.48
Quarter ended 9/30/05 1.49 26.86 1.48 26.85
Year ended 9/30/05 - 26.86 - 26.85
FISCAL 2006
Quarter ended 12/31/05 $ 0.91 $ 0.91 $ 0.91 $ 0.91
Quarter ended 3/31/06
Quarter ended 6/30/06
Quarter ended 9/30/06
Year-to-date 12/31/05 - 0.91 - 0.91
* Quarterly amounts do not necessarily add to annual amounts due to rounding.
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(a) Includes Ashland's share of a charge ($29 million pretax, $18 million
after tax, $.26 per share) for adjustments to MAP's IMV reserve.
(b) Includes Ashland's share of income ($29 million pretax, $18 million
after tax, $.25 per share) from adjustments to MAP's IMV reserve.
(c) Includes a net gain of $1,536 million, or $20.56 per share, from the
MAP Transaction and the repayment of most of Ashland's debt with the
proceeds.