EX-12 11 d54257exv12.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
Computation of Ratio of Earnings to Fixed Charges for the Years Ended December 31, 2007, 2006, 2005, 2004 and 2003.
                                         
    Year Ended December 31  
    2007     2006     2005     2004     2003  
Income from continuing operations before income taxes
   $ 214,469     $ 455,713     $ 420,548     $ 344,679     $ 395,574  
Fixed charges:
                                        
Interest expense
     333,202       194,547       160,230       159,175       166,897  
Portion of rentals (33%)
     44,546       44,099       42,990       39,891       36,840    
Capitalized interest
     2,012       3,374       3,839       3,280       3,269  
 
                              
Total fixed charges
     379,760       242,020       207,059       202,346       207,006  
 
                              
Equity in earnings of unconsolidated affiliates
     —       —       —       —       (244 )
Income from continuing operations before income taxes and fixed charges less capitalized interest and equity in earnings of unconsolidated affiliates
   $ 592,217     $ 694,359     $ 623,768     $ 543,745     $ 599,067  
 
                              
Ratio of earnings to fixed charges
     1.56       2.87       3.01       2.69       2.89