EXHIBIT 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
| September 30, 2009 | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 6,779 | ||
Receivables, net | 257,910 | |||
Inventories | 114,378 | |||
Deferred income taxes | 16,879 | |||
Prepaid expenses and other current assets | 7,860 | |||
Total current asset | 403,806 | |||
Property, plant and equipment, net | 510,828 | |||
Goodwill | 1,101,155 | |||
Identifiable intangible and other assets | 191,874 | |||
Total | $ | 2,207,663 | ||
Liabilities and Parent’s Net Investment | ||||
Current liabilities: | ||||
Accounts payable and accrued expenses | $ | 212,664 | ||
Current portion of long-term debt | 57,422 | |||
Total current liabilities | 270,086 | |||
Long-term debt | 126,616 | |||
Deferred income taxes | 162,994 | |||
Other long-term liabilities | 76,546 | |||
Parent’s net investment: | ||||
Parent’s net investment | 1,573,656 | |||
Accumulated other comprehensive loss | (2,235 | ) | ||
Total parent’s net investment | 1,571,421 | |||
Total | $ | 2,207,663 | ||
DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
| Nine Months Ended September 30, 2009 | |||
Net sales | $ | 2,723,111 | |
Cost of sales | 1,973,420 | ||
Gross profit | 749,691 | ||
Operating costs and expenses: | |||
Selling and distribution | 433,933 | ||
General and administrative | 35,715 | ||
Amortization of intangibles | 1,596 | ||
Facility closing and reorganization costs | 1,894 | ||
Total operating costs and expenses | 473,138 | ||
Operating income | 276,553 | ||
Other (income) expense: | |||
Interest expense | 12,990 | ||
Other (income) expense, net | 110,387 | ||
Total other expense | 123,377 | ||
Income from continuing operations before income taxes | 153,176 | ||
Income taxes | 56,879 | ||
Net income | $ | 96,297 | |