EX-12 8 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

DEAN FOODS COMPANY

COMPUTATION OF EARNINGS TO FIXED CHARGES

Computation of Ratio of Earnings to Fixed Charges for the Years Ended December 31, 2009, 2008, 2007, 2006 and 2005

 

     Year Ended December 31
     2009    2008    2007    2006    2005

Income from continuing operations before income taxes

    $ 379,823    $ 299,677    $ 214,469    $ 455,713    $ 420,548

Fixed charges:

               

Interest expense

      246,494      308,080      333,202      194,547      160,230

Portion of rentals (33%)

      52,800      49,107      44,546      44,099      42,990

Capitalized interest

      1,676      2,803      2,012      3,374      3,839
                                  

Total fixed charges

      300,970      359,990      379,760      242,020      207,059
                                  

Income from continuing operations before income taxes and fixed charges less capitalized interest and equity in earnings of unconsolidated affiliates

    $ 679,117    $ 656,864    $ 592,217    $ 694,359    $ 623,768
                                  

Ratio of earnings to fixed charges

      2.26      1.82      1.56      2.87      3.01