EX-12 13 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, 2010, 2009, 2008, 2007 and 2006

 

     Year Ended December 31  
     2010      2009      2008      2007      2006  

Income from continuing operations before income taxes

    $ 151,222       $ 380,465       $ 296,217       $ 210,229       $ 451,760   

Fixed charges:

               

Interest expense

      248,301         246,510         308,178         333,328         194,630   

Portion of rentals (33%)

      52,828         52,800         49,107         44,546         44,099   

Capitalized interest

      1,418         1,676         2,803         2,012         3,374   
                                            

Total fixed charges

      302,547         300,986         360,088         379,886         242,103   
                                            

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

    $ 452,351       $ 679,775       $ 653,502       $ 588,103       $ 690,489   
                                            

Ratio of earnings to fixed charges

      1.50         2.26         1.81         1.55         2.85