EX-12 23 d440475dex12.htm EX-12 EX-12

EXHIBIT 12

DEAN FOODS COMPANY

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

Computation of Ratios of Earnings to Fixed Charges for the Years Ended December 31, 2012, 2011, 2010, 2009 and 2008

 

     Year Ended December 31  
     2012      2011     2010      2009      2008  
     (In Thousands)  

Income (loss) from continuing operations before income taxes

   $ 263,922       $ (2,140,041   $ 77,645       $ 320,021       $ 276,020   

Fixed charges:

             

Interest expense

     164,572         190,912        191,205         188,275         240,196   

Portion of rentals (33%)

     44,719         46,872        50,973         50,174         47,251   

Capitalized interest

     4,225         1,541        1,418         1,676         2,803   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total fixed charges

     213,516         239,325        243,596         240,125         290,250   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

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

   $ 473,231       $ (1,902,257   $ 319,823       $ 558,470       $ 563,467   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Ratio of earnings to fixed charges

     2.22x         —          1.31x         2.33x         1.94x   

Deficiency in the coverage of earnings to fixed charges

   $ —         $ (1,902,257   $ —         $ —         $ —