EX-12 13 d43321exv12.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
DEAN FOODS COMPANY
Computation of Ratio of Earnings to Fixed Charges for the Years Ended December 31, 2006, 2005, 2004, 2003 and 2002.
                                         
    Year Ended December 31  
    2006     2005     2004     2003     2002  
Income from continuing operations before income taxes
   $ 455,713     $ 420,548     $ 344,679     $ 395,574     $ 249,681  
Fixed charges:
                                        
Interest expense
     194,547       160,230       159,175       166,897       181,795  
Portion of rentals (33%)
     44,099       42,990       39,891       36,840       38,250  
Capitalized interest
     3,374       3,839       3,280       3,269       1,467  
 
                              
Total fixed charges
     242,020       207,059       202,346       207,006       221,512  
 
                              
Equity in earnings of unconsolidated affiliates
     —       —       —       (244 )     7,899  
Income from continuing operations before income taxes and fixed charges less capitalized interest and equity in earnings of unconsolidated affiliates
   $ 694,359     $ 623,768     $ 543,745     $ 599,067     $ 477,625  
 
                              
Ratio of earnings to fixed charges
     2.87       3.01       2.69       2.89       2.16