Debt (Tables)

3 Months Ended

Mar. 31, 2012

Debt [Abstract]

Schedule Of Debt Instruments

	March 31, 2012						December 31, 2011
	Amount Outstanding			Interest Rate			Amount Outstanding			Interest Rate
	(In thousands, except percentages)
Dean Foods Company debt obligations:
Senior secured credit facility	$	2,509,326			2.77	%*	$	2,477,160			3.00	%*
Senior notes due 2016		499,010			7.00			498,959			7.00
Senior notes due 2018		400,000			9.75			400,000			9.75
		3,408,336						3,376,119
Subsidiary debt obligations:
Senior notes due 2017		129,543			6.90			129,117			6.90
Receivables-backed facility		279,490			1.25	**		260,000			1.31	**
Capital lease obligations and other		371						692
Alpro revolving credit facility		—						—
		409,404						389,809
		3,817,740						3,765,928
Less current portion		(253,661	)					(202,539	)
Total long-term portion	$	3,564,079					$	3,563,389

* Represents a weighted average rate, including applicable interest rate margins, for the senior secured revolving credit facility, term loan A and term loan B.

** Represents a weighted-average rate, including applicable interest rate margins, for indebtedness outstanding under the receivables securitization facility.

Schedule Of Maturities Of Long-Term Debt

	Total			Term Loan A		Term Loan B			Other*
2012	$	195,689		$	160,481	$	13,256		$	21,952
2013		511,319			213,975		17,675			279,669
2014		1,076,054			276,384		676,230			123,440
2015		10,535			—		10,535			—
2016		970,923			—		470,923			500,000
Thereafter		1,066,667			—		524,667	**		542,000
Subtotal		3,831,187			650,840		1,713,286			1,467,061
Less discounts		(13,447	)		—		—			(13,447	)
Total outstanding debt	$	3,817,740		$	650,840	$	1,713,286		$	1,453,614

* Includes our senior secured revolving credit facility, receivables-backed facility, Dean Foods Company senior notes, subsidiary senior notes, capital lease obligations and other debt.

** The scheduled maturity of a portion of term loan B is April 2, 2017, subject to the condition that we meet certain leverage, debt, cash or credit rating tests as of December 31, 2015. However, if at least one of these tests is not met, the maturity date for this portion of term loan B will be April 2, 2016.

Schedule Of Condensed Consolidating Balance Sheet

	Unaudited Condensed Consolidating Balance Sheet as of March 31, 2012
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	11,534		$	—	$	118,775	$	—		$	130,309
Receivables, net		793			63,203		868,915		—			932,911
Income tax receivable		28,152			—		22		—			28,174
Inventories		—			449,642		26,610		—			476,252
Intercompany receivables		5,979			4,809,045		—		(4,815,024	)		—
Intercompany note receivable		—			70,723		—		(70,723	)		—
Other current assets		24,968			119,185		11,090		—			155,243
Total current assets		71,426			5,511,798		1,025,412		(4,885,747	)		1,722,889
Property, plant and equipment, net		751			1,898,694		183,987		—			2,083,432
Goodwill		—			993,249		166,972		—			1,160,221
Identifiable intangible and other assets, net		113,035			566,763		112,292		—			792,090
Investment in subsidiaries		7,862,861			503,325		—		(8,366,186	)		—
Total	$	8,048,073		$	9,473,829	$	1,488,663	$	(13,251,933	)	$	5,758,632
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses	$	150,601		$	942,828	$	79,792	$	—		$	1,173,221
Intercompany payables		4,350,657			—		464,367		(4,815,024	)		—
Intercompany note payable		—			—		70,723		(70,723	)		—
Current portion of debt		253,408			253		—		—			253,661
Total current liabilities		4,754,666			943,081		614,882		(4,885,747	)		1,426,882
Long-term debt		3,154,927			129,662		279,490		—			3,564,079
Other long-term liabilities		118,687			538,225		90,966		—			747,878
Long-term litigation settlement		72,525			—		—		—			72,525
Stockholders' equity (deficit):
Total stockholders' equity (deficit)		(52,732	)		7,862,861		503,325		(8,366,186	)		(52,732	)
Total	$	8,048,073		$	9,473,829	$	1,488,663	$	(13,251,933	)	$	5,758,632

	Unaudited Condensed Consolidating Balance Sheet as of December 31, 2011
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated Totals
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	3,061		$	6,221	$	105,569	$	—		$	114,851
Receivables, net		104			61,156		884,849		—			946,109
Income tax receivable		24,934			—		26					24,960
Inventories		—			426,126		26,024		—			452,150
Intercompany receivables		—			4,821,647		—		(4,821,647	)		—
Intercompany note receivable		—			125,000		—		(125,000	)		—
Other current assets		44,779			117,952		12,339		—			175,070
Assets held for sale		—			—		3,182		—			3,182
Total current assets		72,878			5,558,102		1,031,989		(4,946,647	)		1,716,322
Property, plant and equipment, net		413			1,931,787		182,180		—			2,114,380
Goodwill		—			993,250		162,021		—			1,155,271
Identifiable intangible and other assets, net		69,904			587,442		111,044		—			768,390
Investment in subsidiaries		7,738,221			356,983		—		(8,095,204	)		—
Total	$	7,881,416		$	9,427,564	$	1,487,234	$	(13,041,851	)	$	5,754,363
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses	$	148,543		$	1,012,736	$	70,886	$	—		$	1,232,165
Intercompany payables		4,245,143			—		576,504		(4,821,647	)		—
Current portion of debt		202,012			259		268		—			202,539
Intercompany note payable		—			—		125,000		(125,000	)		—
Current portion of litigation settlements		60,838			—		—		—			60,838
Total current liabilities		4,656,536			1,012,995		772,658		(4,946,647	)		1,495,542
Long-term debt		3,174,107			129,282		260,000		—			3,563,389
Other long-term liabilities		81,171			547,066		92,846		—			721,083
Long-term litigation settlements		73,000			—		—		—			73,000
Stockholders' equity (deficit):
Dean Foods Company stockholders' equity (deficit)		(103,398	)		7,738,221		356,983		(8,095,204	)		(103,398	)
Non-controlling interest		—			—		4,747		—			4,747
Total stockholders' equity (deficit)		(103,398	)		7,738,221		361,730		(8,095,204	)		(98,651	)
Total	$	7,881,416		$	9,427,564	$	1,487,234	$	(13,041,851	)	$	5,754,363

Schedule Of Condensed Consolidating Statements Of Comprehensive Income

	Unaudited Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2012
	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries			Eliminations			Consolidated Totals
	(In thousands)
Net sales	$	—		$	3,116,724	$	97,370		$	—		$	3,214,094
Cost of sales		—			2,369,974		56,267			—			2,426,241
Gross profit		—			746,750		41,103			—			787,853
Selling and distribution		—			477,477		26,758			—			504,235
General and administrative		2,880			116,388		10,237			—			129,505
Amortization of intangibles		—			1,954		331						2,285
Facility closing and reorganization costs		—			28,822		—			—			28,822
Interest expense		56,383			2,346		2,018			—			60,747
Other (income) expense, net		(2,900	)		2,997		457			—			554
Income (loss) before income taxes and equity in earnings of subsidiaries		(56,363	)		116,766		1,302			—			61,705
Income tax expense (benefit)		(21,551	)		46,009		(636	)		—			23,822
Income (loss) before equity in earnings of subsidiaries		(34,812	)		70,757		1,938			—			37,883
Equity in earnings of consolidated subsidiaries		72,695			1,938		—			(74,633	)		—
Net income		37,883			72,695		1,938			(74,633	)		37,883
Other comprehensive income, net of tax		6,464			132		13,152			—			19,748
Comprehensive income	$	44,347		$	72,827	$	15,090		$	(74,633	)	$	57,631

	Unaudited Condensed Consolidating Statements of Comprehensive Income for the Three Months Ended March 31, 2011
	Parent						Guarantor Subsidiaries						Nonguarantor Subsidiaries			Eliminations						Consolidated Totals
	As Previously Reported			As Restated			As Previously Reported			As Restated						As Previously Reported			As Restated
	(In thousands)
Net sales	$	—		$	—		$	2,949,860		$	2,949,860		$	99,994		$	—		$	—		$	3,049,854
Cost of sales		—			—			2,241,436			2,241,436			58,136			—			—			2,299,572
Gross profit		—			—			708,424			708,424			41,858			—			—			750,282
Selling and distribution		—			—			459,019			459,019			26,783			—			—			485,802
General and administrative		2,659			2,659			152,463			152,463			12,278			—			—			167,400
Facility closing and reorganization costs		—			—			10,643			10,643			—			—			—			10,643
Other operating income		—			—			(19,490	)		(19,490	)		—									(19,490	)
Interest expense		62,321			62,321			2,778			2,778			171			—			—			65,270
Other (income) expense, net		(2,700	)		(2,700	)		3,199			3,199			(547	)		—			—			(48	)
Income from subsidiaries		(102,985	)		—			—			—			—			102,985			—			—
Income (loss) before income taxes and equity in earnings of subsidiaries		40,705			(62,280	)		99,812			99,812			3,173			(102,985	)		—			40,705
Income tax expense (benefit)		17,323			(25,177	)		42,477			42,477			23			(42,500	)		—			17,323
Income (loss) before equity in earnings of subsidiaries		23,382			(37,103	)		57,335			57,335			3,150			(60,485	)		—			23,382
Equity in earnings of consolidated subsidiaries		—			62,366			—			5,031			—			—			(67,397	)		—
Net income		23,382			25,263			57,335			62,366			3,150			(60,485	)		(67,397	)		23,382
Net loss attributable to the non-controlling interest		1,881			—			—			—			1,881			(1,881	)		—			1,881
Net income attributable to Dean Foods Company	$	25,263		$	25,263		$	57,335		$	62,366		$	5,031		$	(62,366	)	$	(67,397	)	$	25,263
Other comprehensive income, net of tax		13,658			13,658			111			111			27,290			—			—			41,059
Comprehensive income attributable to Dean Foods Company	$	38,921		$	38,921		$	57,446		$	62,477		$	32,321		$	(62,366	)	$	(67,397	)	$	66,322

Schedule Of Condensed Consolidating Statement Of Cash Flows

	Unaudited Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2012
	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Consolidated Totals
	(In thousands)
Net cash provided by (used in) operating activities	$	(79,145	)	$	53,993		$	28,374		$	3,222
Payments for property, plant and equipment		—			(42,658	)		(1,859	)		(44,517	)
Proceeds from insurance claims		—			2,996			—			2,996
Proceeds from sale of fixed assets		—			1,554			—			1,554
Other, net		—			(275	)		(515	)		(790	)
Net cash used in investing activities		—			(38,383	)		(2,374	)		(40,757	)
Repayment of debt		(13,335	)		(51	)		—			(13,386	)
Proceeds from senior secured revolver		633,100			—			—			633,100
Payments for senior secured revolver		(587,600	)		—			—			(587,600	)
Proceeds from receivables-backed facility		—			—			874,490			874,490
Payments for receivables-backed facility		—			—			(855,000	)		(855,000	)
Issuance of common stock, net of share repurchases for withholding taxes		(2,255	)		—			—			(2,255	)
Tax savings on share-based compensation		286			—			—			286
Net change in intercompany balances		57,422			(21,780	)		(35,642	)		—
Net cash provided by (used in) financing activities		87,618			(21,831	)		(16,152	)		49,635
Effect of exchange rate changes on cash and cash equivalents		—			—			3,358			3,358
Increase (decrease) in cash and cash equivalents		8,473			(6,221	)		13,206			15,458
Cash and cash equivalents, beginning of period		3,061			6,221			105,569			114,851
Cash and cash equivalents, end of period	$	11,534		$	—		$	118,775		$	130,309

	Unaudited Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2011
	Parent						Guarantor Subsidiaries						Non- Guarantor Subsidiaries						Consolidated Totals
	As Previously Reported			As Restated			As Previously Reported			As Restated			As Previously Reported			As Restated
	(In thousands)
Net cash provided by (used in) operating activities	$	43,906		$	(12,058	)	$	36,391		$	92,556		$	(43,114	)	$	(43,315	)	$	37,183
Payments for property, plant and equipment		—			—			(36,442	)		(36,442	)		(3,969	)		(3,969	)		(40,411	)
Proceeds from divestitures		—			—			91,780			91,780			—			—			91,780
Proceeds from sale of fixed assets		—			—			1,767			1,767			40			40			1,807
Net cash provided by (used in) investing activities		—			—			57,105			57,105			(3,929	)		(3,929	)		53,176
Repayment of debt		(101,625	)		(101,625	)		(4,056	)		(4,056	)		(256	)		(256	)		(105,937	)
Proceeds from senior secured revolver		1,090,800			1,090,800			—			—			—			—			1,090,800
Payments for senior secured revolver		(1,063,900	)		(1,063,900	)		—			—			—			—			(1,063,900	)
Proceeds from receivables-backed facility		—			—			—			—			1,105,000			1,105,000			1,105,000
Payments for receivables-backed facility		—			—			—			—			(1,105,000	)		(1,105,000	)		(1,105,000	)
Issuance of common stock, net of share repurchases for withholding taxes		(580	)		(580	)		—			—			—			—			(580	)
Capital contribution from non-controlling interest		—			—			—			—			2,913			2,913			2,913
Net change in intercompany balances		43,087			99,051			(88,629	)		(144,794	)		45,542			45,743			—
Net cash provided by (used in) financing activities		(32,218	)		23,746			(92,685	)		(148,850	)		48,199			48,400			(76,704	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			—			2,947			2,947			2,947
Increase in cash and cash equivalents		11,688			11,688			811			811			4,103			4,103			16,602
Cash and cash equivalents, beginning of period		307			307			9,750			9,750			81,950			81,950			92,007
Cash and cash equivalents, end of period	$	11,995		$	11,995		$	10,561		$	10,561		$	86,053		$	86,053		$	108,609