EXHIBIT 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
March 31, 2013 | ||||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ | 10,516 | ||
Receivables, net | 354,929 | |||
Inventories | 146,926 | |||
Deferred income taxes | 24,896 | |||
Prepaid expenses and other current assets | 6,227 | |||
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Total current assets | 543,494 | |||
Property, plant and equipment, net | 519,896 | |||
Goodwill | 44,057 | |||
Identifiable intangible and other assets, net | 180,960 | |||
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Total | $ | 1,288,407 | ||
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Liabilities and Parent’s Net Investment | ||||
Current liabilities: | ||||
Accounts payable and accrued expenses | $ | 256,017 | ||
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Total current liabilities | 256,017 | |||
Long-term debt | 131,346 | |||
Deferred income taxes | 84,079 | |||
Other long-term liabilities | 51,021 | |||
Parent’s net investment: | ||||
Parent’s net investment | 769,858 | |||
Accumulated other comprehensive loss | (3,914 | ) | ||
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Total parent’s net investment | 765,944 | |||
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Total | $ | 1,288,407 | ||
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DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
Three Months Ended March 31, 2013 | ||||
Net sales | $ | 1,043,074 | ||
Cost of sales | 821,189 | |||
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Gross profit | 221,885 | |||
Operating costs and expenses: | ||||
Selling and distribution | 154,012 | |||
General and administrative | 18,337 | |||
Amortization of intangibles | 551 | |||
Facility closing and reorganization costs | 2,208 | |||
Impairment of long-lived assets | 6,394 | |||
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Total operating costs and expenses | 181,502 | |||
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Operating income | 40,383 | |||
Other expense: | ||||
Interest expense | 2,907 | |||
Other expense, net | 24,805 | |||
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Total other expense | 27,712 | |||
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Income from continuing operations before income taxes | 12,671 | |||
Income taxes | 5,196 | |||
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Income from continuing operations | 7,475 | |||
Loss from discontinued operations, net of tax | (23 | ) | ||
Loss on sale of discontinued operations, net of tax | (2,100 | ) | ||
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Net income | 5,352 | |||
Other comprehensive income, net of tax | 527 | |||
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Comprehensive income | $ | 5,879 | ||
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