EX-12.1 4 d31173exv12w1.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

EXHIBIT 12.1
DEAN FOODS COMPANY
Computation of Ratio of Earnings to Fixed Charges for the Nine Months Ended September 30, 2005 and 2004 and for the Years Ended December 31, 2004, 2003, 2002, 2001 and 2000.
                                                         
    Nine Months Ended        
    September 30     Year Ended December 31  
    2005     2004     2004     2003     2002     2001     2000  
Income from continuing operations before income taxes
   $ 325,691     $ 253,195     $ 388,871     $ 449,098     $ 295,564     $ 206,145     $ 237,483  
Fixed charges:
                                                        
Interest expense
     121,912       158,068       166,287       173,945       188,990       96,549       107,075  
Portion of rentals (33%)
     30,419       28,193       40,559       37,590       38,891       28,967       22,183  
Capitalized interest
     3,382       2,284       3,280       3,269       1,467       3,211       3,515  
 
                                          
Total fixed charges
     155,713       188,545       210,126       214,804       229,348       128,727       132,773  
 
                                          
Income from continuing operations before income taxes and fixed charges less capitalized interest and equity in earnings of unconsolidated affiliates
   $ 478,022     $ 439,212     $ 595,717     $ 660,389     $ 531,344     $ 355,281     $ 355,288  
 
                                          
Ratio of income to fixed charges
     3.07       2.33       2.84       3.07       2.32       2.76       2.68