Ashland Inc. (ASH) Financial Statements (2024 and earlier)

Company Profile

Business Address 8145 BLAZER DRIVE
WILMINGTON, DE 19808
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 516 - Chemicals And Allied Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments440417646210454232
Cash and cash equivalents440417646210454232
Receivables194338402369471481
Inventory, net of allowances, customer advances and progress billings588626629473529597
Inventory588626629473529597
Disposal group, including discontinued operation    597659
Other current assets14312591688764
Total current assets:1,3651,5061,7681,7171,5471,433
Noncurrent Assets
Operating lease, right-of-use asset123122107124137 
Nontrade receivables124127138134136157
Property, plant and equipment1,3671,3731,3381,4271,5651,577
Intangible assets, net (including goodwill)2,2712,2482,2752,5292,7713,341
Goodwill1,3961,3621,3121,4301,7582,253
Intangible assets, net (excluding goodwill)8758869631,0991,0131,088
Restricted cash and investments315290313384301310
Deferred income tax assets4522203026 
Other noncurrent assets256251254267394410
Other undisclosed noncurrent assets      23
Total noncurrent assets:4,5014,4334,4454,8955,3305,818
TOTAL ASSETS:5,8665,9396,2136,6126,8777,251
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities392418534487510584
Accounts payable202210265236233313
Accrued liabilities190208269251277271
Debt  16 374280166
Disposal group, including discontinued operation    50 7
Other undisclosed current liabilities2222192323 
Total current liabilities:414456553934813757
Noncurrent Liabilities
Long-term debt and lease obligation1,3411,3141,3641,7061,6971,501
Long-term debt, excluding current maturities1,3411,3141,2701,5961,5731,501
Liabilities, other than long-term debt1,0581,0721,0761,2201,3311,158
Deferred income tax liabilities148148176237229 
Liability, pension and other postretirement and postemployment benefits98100103144157150
Estimated litigation liability412427472490513555
Other liabilities293291325349432453
Operating lease, liability10710694110124 
Other undisclosed noncurrent liabilities      264
Total noncurrent liabilities:2,3992,3862,4402,9263,0282,923
Total liabilities:2,8132,8422,9933,8603,8413,680
Equity
Equity, attributable to parent3,0533,0973,2202,7523,0363,571
Common stock  11111
Additional paid in capital  4135327769756
Accumulated other comprehensive loss  (503)(569)(372)(383)(410)
Retained earnings  3,5953,6532,7962,6493,224
Other undisclosed equity, attributable to parent3,053     
Total equity:3,0533,0973,2202,7523,0363,571
TOTAL LIABILITIES AND EQUITY:5,8665,9396,2136,6126,8777,251

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Revenues2,1392,1912,3912,1112,3262,493
Cost of revenue(1,538)(1,523)(1,561)(1,441)(1,619)(1,726)
Gross profit:601668830670707767
Operating expenses(496)(509)(542)(498)(573)(605)
Other operating income, net     84
Other undisclosed operating income (loss)1213459(530) 
Operating income (loss):117172333181(388)166
Nonoperating income    342215
Investment income, nonoperating    332215
Interest and debt expense  (3)(4)(20)(62)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3)  (60)(75)(107)
Income (loss) from continuing operations before equity method investments, income taxes:114169329135(503)70
Other undisclosed income (loss) from continuing operations before income taxes1(9)(123)   
Income (loss) from continuing operations before income taxes:115160206135(503)70
Income tax expense (benefit)398(25)3812(46)
Income (loss) from continuing operations:154168181173(491)24
Income (loss) before gain (loss) on sale of properties:927220(508)505
Income (loss) from discontinued operations91074647(17)481
Net income (loss) available to common stockholders, diluted:163178927220(508)505

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Net income (loss):163178927220(508)505
Other comprehensive income (loss)4166(197)1127(85)
Comprehensive income (loss), net of tax, attributable to parent:204244730231(481)420

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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