| Ashland Inc. and Consolidated Subsidiaries | |||||||||||||||
| OPERATING INFORMATION BY INDUSTRY SEGMENT | |||||||||||||||
| (Unaudited) | |||||||||||||||
| Three months ended | Nine months ended | ||||||||||||||
| June 30 | June 30 | ||||||||||||||
| 2003 | 2002 | 2003 | 2002 | ||||||||||||
| APAC | |||||||||||||||
| Construction backlog at June 30 (millions) (a) |
$
|
1,824
|
$
|
1,797
|
|||||||||||
| Hot-mix asphalt production (million tons) |
9.8
|
11.4
|
21.0
|
25.3
|
|||||||||||
| Aggregate production (million tons) |
8.1
|
8.5
|
20.5
|
22.2
|
|||||||||||
| Ready-mix concrete production (million cubic yards) |
0.6
|
0.6
|
1.5
|
1.5
|
|||||||||||
| ASHLAND DISTRIBUTION (b) | |||||||||||||||
| Sales per shipping day (millions) |
$
|
11.6
|
$
|
10.5
|
$
|
11.1
|
$
|
10.0
|
|||||||
| Gross profit as a percent of sales |
15.1%
|
15.6%
|
15.3%
|
16.3%
|
|||||||||||
| ASHLAND SPECIALTY CHEMICAL (b) | |||||||||||||||
| Sales per shipping day (millions) |
$
|
4.9
|
$
|
4.5
|
$
|
4.6
|
$
|
4.3
|
|||||||
| Gross profit as a percent of sales |
33.1%
|
38.0%
|
33.8%
|
37.2%
|
|||||||||||
| VALVOLINE | |||||||||||||||
| Lubricant sales (million gallons) |
49.2
|
53.7
|
142.2
|
145.5
|
|||||||||||
| Premium lubricants (percent of U.S. branded volumes) |
19.8%
|
17.2%
|
18.5%
|
15.7%
|
|||||||||||
| REFINING AND MARKETING (c) | |||||||||||||||
| Refinery runs (thousand barrels per day) | |||||||||||||||
| Crude oil refined |
951
|
973
|
878
|
930
|
|||||||||||
| Other charge and blend stocks |
129
|
134
|
130
|
156
|
|||||||||||
| Refined product yields (thousand barrels per day) | |||||||||||||||
| Gasoline |
582
|
598
|
544
|
602
|
|||||||||||
| Distillates |
292
|
308
|
276
|
298
|
|||||||||||
| Asphalt |
76
|
77
|
69
|
71
|
|||||||||||
| Other |
138
|
131
|
123
|
122
|
|||||||||||
| Total |
1,088
|
1,114
|
1,012
|
1,093
|
|||||||||||
| Refined product sales (thousand barrels per day) (d) |
1,346
|
1,351
|
1,311
|
1,299
|
|||||||||||
| Refining and wholesale marketing margin (per barrel) (e) |
$
|
2.94
|
$
|
2.18
|
$
|
2.21
|
$
|
1.89
|
|||||||
| Speedway SuperAmerica (SSA) | |||||||||||||||
| Retail outlets at June 30 |
1,802
|
2,081
|
|||||||||||||
| Gasoline and distillate sales (million gallons) |
882
|
911
|
2,608
|
2,679
|
|||||||||||
| Gross margin - gasoline and distillates (per gallon) |
$
|
.1229
|
$
|
.1116
|
$
|
.1134
|
$
|
.1032
|
|||||||
| Merchandise sales (millions) (f) |
$
|
590
|
$
|
612
|
$
|
1,695
|
$
|
1,736
|
|||||||
| Merchandise margin (as a percent of sales) |
23.9%
|
25.5%
|
24.4%
|
24.5%
|
|||||||||||
| __________ | |||||||||||||||
| (a) | Includes APAC's proportionate share of the backlog of unconsolidated joint ventures. | ||||||||||||||
| (b) | Sales are defined as sales and operating revenues. Gross profit is defined as sales and operating revenues, less cost | ||||||||||||||
| of sales and operating expenses, and depreciation and amortization relative to manufacturing assets. | |||||||||||||||
| (c) | Amounts represent 100% of MAP's operations, in which Ashland owns a 38% interest. | ||||||||||||||
| (d) | Total average daily volume of all refined product sales to MAP's wholesale, branded and retail (SSA) customers. | ||||||||||||||
| (e) | Sales revenue less cost of refinery inputs, purchased products and manufacturing expenses, including depreciation. | ||||||||||||||
| (f) | Effective January 1, 2003, SSA adopted EITF 02-16, "Accounting by a Customer (Including a Reseller) for Certain | ||||||||||||||
| Consideration Received from a Vendor," which requires rebates from vendors to be recorded as reductions to cost of | |||||||||||||||
| sales. Rebates from vendors recorded in SSA merchandise sales for periods prior to January 1, 2003 have not been | |||||||||||||||
| restated and included $38 million in the three months ended June 30, 2002; $46 million in the nine months ended | |||||||||||||||
| June 30, 2003; and $129 million in the nine months ended June 30, 2002. | |||||||||||||||