EXHIBIT 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
June 30, 2011 | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 11,515 | ||
Receivables, net | 308,837 | |||
Inventories, net | 128,216 | |||
Deferred income taxes | 23,856 | |||
Prepaid expenses and other current assets | 6,535 | |||
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Total current assets | 478,959 | |||
Property, plant and equipment, net | 527,258 | |||
Goodwill | 1,099,682 | |||
Identifiable intangible and other assets, net | 187,349 | |||
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Total | $ | 2,293,248 | ||
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Liabilities and Parent’s Net Investment | ||||
Current liabilities: | ||||
Accounts payable and accrued expenses | $ | 256,813 | ||
Current portion of debt | 11 | |||
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Total current liabilities | 256,824 | |||
Long-term debt | 128,298 | |||
Deferred income taxes | 209,666 | |||
Other long-term liabilities | 23,954 | |||
Parent’s net investment: | ||||
Parent’s net investment | 1,676,708 | |||
Accumulated other comprehensive loss | (2,202 | ) | ||
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Total parent’s net investment | 1,674,506 | |||
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Total | $ | 2,293,248 | ||
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DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
Six Months Ended June 30, 2011 | ||||
Net sales | $ | 2,035,163 | ||
Cost of sales | 1,579,880 | |||
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Gross profit | 455,283 | |||
Operating costs and expenses: | ||||
Selling and distribution | 310,846 | |||
General and administrative | 28,223 | |||
Amortization of intangibles | 1,071 | |||
Facility closing and reorganization costs | 283 | |||
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Total operating costs and expenses | 340,423 | |||
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Operating income | 114,860 | |||
Other expense: | ||||
Interest expense | 5,693 | |||
Other expense, net | 52,985 | |||
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Total other expense | 58,678 | |||
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Income from continuing operations before income taxes | 56,182 | |||
Income taxes | 23,170 | |||
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Net income | $ | 33,012 | ||
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