Exhibit 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
| June 30, 2010 | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 8,016 | ||
Receivables, net | 278,448 | |||
Inventories | 119,839 | |||
Prepaid expenses and other current assets | 8,517 | |||
Total current assets | 414,820 | |||
Property, plant and equipment, net | 521,723 | |||
Goodwill | 1,099,682 | |||
Identifiable intangible and other assets | 191,673 | |||
Total | $ | 2,227,898 | ||
Liabilities and Parent’s Net Investment | ||||
Current liabilities: | ||||
Accounts payable and accrued expenses | $ | 170,998 | ||
Current portion of long-term debt | 11 | |||
Total current liabilities | 171,009 | |||
Long-term debt | 126,767 | |||
Deferred income taxes | 166,998 | |||
Other long-term liabilities | 31,875 | |||
Parent’s net investment: | ||||
Parent’s net investment | 1,733,880 | |||
Accumulated other comprehensive loss | (2,631 | ) | ||
Total parent’s net investment | 1,731,249 | |||
Total | $ | 2,227,898 | ||
DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
| Six Months Ended June 30, 2010 | ||||
Net sales | $ | 1,920,464 | ||
Cost of sales | 1,456,477 | |||
Gross profit | 463,987 | |||
Operating costs and expenses: | ||||
Selling and distribution | 316,822 | |||
General and administrative | 31,540 | |||
Amortization of intangibles | 1,095 | |||
Facility closing and reorganization costs | (51 | ) | ||
Total operating costs and expenses | 349,406 | |||
Operating income | 114,581 | |||
Other expense: | ||||
Interest expense | 5,687 | |||
Other expense, net | 42,080 | |||
Total other expense | 47,767 | |||
Income from continuing operations before income taxes | 66,814 | |||
Income taxes | 27,860 | |||
Net income | $ | 38,954 | ||