EX-99 7 d501901dex99.htm EX-99 EX-99

EXHIBIT 99

DEAN HOLDING COMPANY

CONSOLIDATED BALANCE SHEET INFORMATION

(Unaudited)

(In thousands)

 

     March 31, 2013  

Assets

  

Current assets:

  

Cash and cash equivalents

   $ 10,516   

Receivables, net

     354,929   

Inventories

     146,926   

Deferred income taxes

     24,896   

Prepaid expenses and other current assets

     6,227   
  

 

 

 

Total current assets

     543,494   

Property, plant and equipment, net

     519,896   

Goodwill

     44,057   

Identifiable intangible and other assets, net

     180,960   
  

 

 

 

Total

   $ 1,288,407   
  

 

 

 

Liabilities and Parent’s Net Investment

  

Current liabilities:

  

Accounts payable and accrued expenses

   $ 256,017   
  

 

 

 

Total current liabilities

     256,017   

Long-term debt

     131,346   

Deferred income taxes

     84,079   

Other long-term liabilities

     51,021   

Parent’s net investment:

  

Parent’s net investment

     769,858   

Accumulated other comprehensive loss

     (3,914
  

 

 

 

Total parent’s net investment

     765,944   
  

 

 

 

Total

   $ 1,288,407   
  

 

 

 


DEAN HOLDING COMPANY

CONSOLIDATED OPERATING INFORMATION

(Unaudited)

(In thousands)

 

     Three Months Ended
March 31, 2013
 

Net sales

   $ 1,043,074   

Cost of sales

     821,189   
  

 

 

 

Gross profit

     221,885   

Operating costs and expenses:

  

Selling and distribution

     154,012   

General and administrative

     18,337   

Amortization of intangibles

     551   

Facility closing and reorganization costs

     2,208   

Impairment of long-lived assets

     6,394   
  

 

 

 

Total operating costs and expenses

     181,502   
  

 

 

 

Operating income

     40,383   

Other expense:

  

Interest expense

     2,907   

Other expense, net

     24,805   
  

 

 

 

Total other expense

     27,712   
  

 

 

 

Income from continuing operations before income taxes

     12,671   

Income taxes

     5,196   
  

 

 

 

Income from continuing operations

     7,475   

Loss from discontinued operations, net of tax

     (23

Loss on sale of discontinued operations, net of tax

     (2,100
  

 

 

 

Net income

     5,352   

Other comprehensive income, net of tax

     527   
  

 

 

 

Comprehensive income

   $ 5,879