EX-12 4 d223771dex12.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, 2011, 2010, 2009, 2008 and 2007

 

     Year Ended December 31  
     2011     2010      2009      2008      2007  
     (In thousands)  

Income (loss) from continuing operations before income taxes

    $ (2,052,598 )    $ 151,222       $ 380,465       $ 296,217       $ 210,229   

Fixed charges:

              

Interest expense

      252,951        248,301         246,510         308,178         333,328   

Portion of rentals (33%)

      48,379        52,828         52,800         49,107         44,546   

Capitalized interest

      1,541        1,418         1,676         2,803         2,012   
  

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

Total fixed charges

      302,871        302,547         300,986         360,088         379,886   
  

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

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

    $ (1,751,268 )    $ 452,351       $ 679,775       $ 653,502       $ 588,103   
  

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

Ratio of earnings to fixed charges

      —          1.50x         2.26x         1.81x         1.55x   

Deficiency in the coverage of earnings to fixed charges

    $ (1,751,268 )    $ —         $ —         $ —         $ —