EXHIBIT 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
March 31, 2012 | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 10,823 | ||
Receivables, net | 313,985 | |||
Inventories | 128,030 | |||
Deferred income taxes | 22,852 | |||
Prepaid expenses and other current assets | 6,528 | |||
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Total current assets | 482,218 | |||
Property, plant and equipment, net | 514,234 | |||
Goodwill | 46,428 | |||
Identifiable intangible and other assets, net | 185,372 | |||
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Total | $ | 1,228,252 | ||
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Liabilities and Parent’s Net Investment | ||||
Current liabilities: | ||||
Accounts payable and accrued expenses | $ | 217,665 | ||
Current portion of debt | 10 | |||
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| |||
Total current liabilities | 217,675 | |||
Long-term debt | 229,417 | |||
Deferred income taxes | 103,770 | |||
Other long-term liabilities | 45,008 | |||
Parent’s net investment: | ||||
Parent’s net investment | 635,477 | |||
Accumulated other comprehensive loss | (3,095 | ) | ||
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Total parent’s net investment | 632,382 | |||
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Total | $ | 1,228,252 | ||
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DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
Three Months Ended March 31, 2012 | ||||
Net sales | $ | 1,035,336 | ||
Cost of sales | 810,230 | |||
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| |||
Gross profit | 225,106 | |||
Operating costs and expenses: | ||||
Selling and distribution | 157,305 | |||
General and administrative | 13,391 | |||
Amortization of intangibles | 300 | |||
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Total operating costs and expenses | 170,996 | |||
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Operating income | 54,110 | |||
Other expense: | ||||
Interest expense | 2,862 | |||
Other expense, net | 30,012 | |||
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Total other expense | 32,874 | |||
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Income before income taxes | 21,236 | |||
Income taxes | 7,843 | |||
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Net income | $ | 13,393 | ||
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