Ashland Balance Sheet

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	215	300	417	646	210
Cash & Short-Term Investments	215	300	417	646	210
Cash Growth	-28.33%	-28.06%	-35.45%	207.62%	-53.74%
Accounts Receivable	229	230	322	382	350
Receivables	229	230	322	382	350
Inventory	568	545	626	629	473
Other Current Assets	193	120	141	111	684
Total Current Assets	1,205	1,195	1,506	1,768	1,717
Property, Plant & Equipment	1,304	1,417	1,495	1,445	1,551
Long-Term Investments	3	3	3	3	4
Goodwill	705	1,381	1,362	1,312	1,430
Other Intangible Assets	568	757	892	969	1,106
Long-Term Deferred Tax Assets	157	210	22	20	30
Long-Term Deferred Charges	1	2	2	2	3
Other Long-Term Assets	668	680	657	694	771
Total Assets	4,611	5,645	5,939	6,213	6,612
Accounts Payable	189	214	210	265	236
Accrued Expenses	193	218	126	158	147
Short-Term Debt	-	-	16	-	365
Current Portion of Long-Term Debt	-	-	-	-	9
Current Portion of Leases	21	20	22	19	23
Other Current Liabilities	20	38	82	111	154
Total Current Liabilities	423	490	456	553	934
Long-Term Debt	1,384	1,349	1,314	1,270	1,596
Long-Term Leases	85	99	106	94	110
Pension & Post-Retirement Benefits	96	110	100	103	144
Long-Term Deferred Tax Liabilities	31	29	148	176	237
Other Long-Term Liabilities	688	700	718	797	839
Total Liabilities	2,707	2,777	2,842	2,993	3,860
Common Stock	1	1	1	1	1
Additional Paid-In Capital	6	-	4	135	327
Retained Earnings	2,298	3,315	3,595	3,653	2,796
Comprehensive Income & Other	-401	-448	-503	-569	-372
Total Common Equity	1,904	2,868	3,097	3,220	2,752
Shareholders' Equity	1,904	2,868	3,097	3,220	2,752
Total Liabilities & Equity	4,611	5,645	5,939	6,213	6,612
Total Debt	1,490	1,468	1,458	1,383	2,103
Net Cash (Debt)	-1,275	-1,168	-1,041	-737	-1,893
Net Cash Per Share	-27.72	-23.36	-19.28	-13.16	-31.03
Filing Date Shares Outstanding	45.72	47.11	51.26	54.15	56.84
Total Common Shares Outstanding	46	47	51	57	57
Working Capital	782	705	1,050	1,215	783
Book Value Per Share	41.39	61.02	60.73	56.49	48.28
Tangible Book Value	631	730	843	939	216
Tangible Book Value Per Share	13.72	15.53	16.53	16.47	3.79
Land	154	149	146	138	142
Buildings	503	473	467	458	452
Machinery	2,565	2,513	2,371	2,324	2,278
Construction In Progress	133	181	227	130	194

Source: S&P Global Market Intelligence. Standard template. Financial Sources.