Exhibit 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
September 30, 2010 | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 9,269 | ||
Receivables, net | 289,439 | |||
Inventories, net | 121,856 | |||
Deferred income taxes | 15,113 | |||
Prepaid expenses and other current assets | 7,903 | |||
Total current assets | 443,580 | |||
Property, plant and equipment, net | 523,842 | |||
Goodwill | 1,099,682 | |||
Identifiable intangible and other assets | 190,497 | |||
Total | $ | 2,257,601 | ||
Liabilities and Parent’s Net Investment | ||||
Current liabilities: | ||||
Accounts payable and accrued expenses | $ | 198,021 | ||
Current portion of long-term debt | 11 | |||
Total current liabilities | 198,032 | |||
Long-term debt | 127,137 | |||
Deferred income taxes | 173,812 | |||
Other long-term liabilities | 27,720 | |||
Parent’s net investment: | ||||
Parent’s net investment | 1,733,186 | |||
Accumulated other comprehensive loss | (2,286 | ) | ||
Total parent’s net investment | 1,730,900 | |||
Total | $ | 2,257,601 | ||
DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
Nine Months Ended September 30, 2010 | ||||
Net sales | $ | 2,885,456 | ||
Cost of sales | 2,197,314 | |||
Gross profit | 688,142 | |||
Operating costs and expenses: | ||||
Selling and distribution | 464,828 | |||
General and administrative | 46,257 | |||
Amortization of intangibles | 1,643 | |||
Facility closing and reorganization costs | 8 | |||
Total operating costs and expenses | 512,736 | |||
Operating income | 175,406 | |||
Other expense: | ||||
Interest expense | 8,088 | |||
Other expense, net | 63,771 | |||
Total other expense | 71,859 | |||
Income from continuing operations before income taxes | 103,547 | |||
Income taxes | 36,588 | |||
Net income | $ | 66,959 | ||