EXHIBIT 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
June 30, 2012 | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 9,765 | ||
Receivables, net | 300,039 | |||
Inventories | 125,182 | |||
Deferred income taxes | 23,336 | |||
Prepaid expenses and other current assets | 6,366 | |||
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Total current assets | 464,688 | |||
Property, plant and equipment, net | 503,782 | |||
Goodwill | 46,428 | |||
Identifiable intangible and other assets, net | 186,182 | |||
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Total | $ | 1,201,080 | ||
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Liabilities and Parent’s Net Investment | ||||
Current liabilities: | ||||
Accounts payable and accrued expenses | $ | 189,259 | ||
Current portion of debt | 6 | |||
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Total current liabilities | 189,265 | |||
Long-term debt | 191,020 | |||
Deferred income taxes | 105,053 | |||
Other long-term liabilities | 44,467 | |||
Parent’s net investment: | ||||
Parent’s net investment | 674,728 | |||
Accumulated other comprehensive loss | (3,453 | ) | ||
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Total parent’s net investment | 671,275 | |||
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Total | $ | 1,201,080 | ||
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DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
Six Months Ended June 30, 2012 | ||||
Net sales | $ | 2,022,588 | ||
Cost of sales | 1,569,440 | |||
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| |||
Gross profit | 453,148 | |||
Operating costs and expenses: | ||||
Selling and distribution | 312,951 | |||
General and administrative | 27,183 | |||
Amortization of intangibles | 599 | |||
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Total operating costs and expenses | 340,733 | |||
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Operating income | 112,415 | |||
Other expense: | ||||
Interest expense | 5,743 | |||
Other expense, net | 55,848 | |||
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Total other expense | 61,591 | |||
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Income before income taxes | 50,824 | |||
Income taxes | 18,587 | |||
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Net income | $ | 32,237 | ||
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