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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 1
Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1997
Commission file number 1-2918
ASHLAND INC.
(a Kentucky corporation)
I.R.S. No. 61-0122250
1000 Ashland Drive
Russell, Kentucky 41169
Telephone Number: (606) 329-3333
Indicate by check mark whether the Registrant (1) has
filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes _X_ No ___
At January 31, 1998, there were 75,272,427 shares of
Registrant's Common Stock outstanding. One Right to purchase
one-thousandth of a share of Series A Participating
Cumulative Preferred Stock accompanies each outstanding share
of Registrant's Common Stock.
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EXPLANATORY NOTE
This Amendment to the quarterly report on Form 10-Q for the
quarter ended December 31, 1997, of Ashland Inc. ("Ashland") is being filed
by Ashland to restate Ashland's Exhibit 27 - Financial Data Schedule, for
each of the last three fiscal years and for each interim period within the
last two fiscal years (except for the quarter ended December 31, 1996,
which was filed with the original 10-Q). The restatement results from the
adoption of FAS 128 and FAS 131 as described in Notes B and F of Notes to
Condensed Consolidated Financial Statements in the original 10-Q.
Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934,
as amended, the text of the amendment is set forth in its entirety as
attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Ashland Inc.
------------------------------
(Registrant)
/s/ Kenneth L. Aulen
Date March 30, 1998 -------------------------------
------------------- Kenneth L. Aulen
Administrative Vice President
and Controller
(Chief Accounting Officer)
/s/ Thomas L. Feazell
Date March 30, 1998 -------------------------------
-------------------- Thomas L. Feazell
Senior Vice President, General
Counsel and Secretary
EXHIBIT INDEX
Exhibit No. Description
- ------------- ----------------------------------------------------------
27.1 Restated Financial Data Schedule for the year ended
September 30, 1997
27.2 Restated Financial Data Schedule for the year ended
September 30, 1996
27.3 Restated Financial Data Schedule for the year ended
September 30, 1995
27.4 Restated Financial Data Schedule for the quarter ended
June 30, 1997
27.5 Restated Financial Data Schedule for the quarter ended
March 31, 1997
27.6 Restated Financial Data Schedule for the quarter ended
June 30, 1996
27.7 Restated Financial Data Schedule for the quarter ended
March 31, 1996
27.8 Restated Financial Data Schedule for the quarter ended
December 31, 1995
5
1,000,000
YEAR
SEP-30-1997
SEP-30-1997
268
0
1,754
24
729
2,995
7,471
3,580
7,777
2,261
1,639
75
0
0
1,949
7,777
14,200
14,334
12,424
12,424
0
8
170
335
119
192
96
(9)
0
279
3.86
3.64
5
1,000,000
YEAR
SEP-30-1996
SEP-30-1996
77
0
1,648
27
708
2,665
6,285
3,000
7,089
2,198
1,784
64
0
293
1,457
7,089
12,892
12,992
11,331
11,331
0
10
169
217
73
136
75
0
0
211
3.00
2.96
5
1,000,000
YEAR
SEP-30-1995
SEP-30-1995
52
0
1,582
25
703
2,535
6,068
2,880
6,853
2,048
1,828
64
0
293
1,298
6,853
11,972
12,044
10,565
10,565
0
9
170
40
3
14
10
0
0
24
.08
.08
5
1,000,000
9-MOS
SEP-30-1997
JUN-30-1997
143
0
1,714
26
804
2,917
7,671
3,836
7,921
2,347
1,884
74
0
0
1,849
7,921
10,534
10,612
9,206
9,206
0
0
135
257
83
144
26
(2)
0
168
2.33
2.21
5
1,000,000
6-MOS
SEP-30-1997
MAR-31-1997
107
0
1,817
26
805
2,985
7,576
3,744
8,031
2,400
2,058
74
0
0
1,738
8,031
6,891
6,948
6,116
6,116
0
0
90
71
26
26
17
0
0
43
.51
.50
5
1,000,000
9-MOS
SEP-30-1996
JUN-30-1996
71
0
1,685
27
763
2,763
6,219
3,026
7,107
2,247
1,752
65
0
293
1,424
7,107
9,459
9,531
8,300
8,300
0
0
128
152
50
95
70
0
0
165
2.36
2.33
5
1,000,000
6-MOS
SEP-30-1996
MAR-31-1996
70
0
1,623
25
778
2,665
6,127
2,957
6,999
2,188
1,749
64
0
293
1,353
6,999
6,030
6,083
5,335
5,335
0
0
85
44
19
19
66
0
0
85
1.18
1.17
5
1,000,000
3-MOS
SEP-30-1996
DEC-31-1995
62
0
1,540
24
765
2,564
6,107
2,938
6,897
2,057
1,781
64
0
293
1,371
6,897
3,024
3,047
2,642
2,642
0
0
43
57
20
32
55
0
0
87
1.29
1.28
