EX-99 17 d598080dex99.htm EX-99 EX-99

EXHIBIT 99

DEAN HOLDING COMPANY

CONSOLIDATED BALANCE SHEET INFORMATION

(Unaudited)

(In thousands)

 

     September 30, 2013  

Assets

  

Current assets:

  

Cash and cash equivalents

   $ 11,514   

Receivables, net

     318,203   

Income tax receivable

     4,912   

Inventories

     124,859   

Deferred income taxes

     22,234   

Prepaid expenses and other current assets

     6,754   
  

 

 

 

Total current assets

     488,476   

Property, plant and equipment, net

     506,526   

Goodwill

     44,057   

Identifiable intangible and other assets, net

     180,212   
  

 

 

 

Total

   $ 1,219,271   
  

 

 

 

Liabilities and Parent’s Net Investment

  

Current liabilities:

  

Accounts payable and accrued expenses

   $ 241,064   
  

 

 

 

Total current liabilities

     241,064   

Long-term debt

     132,310   

Deferred income taxes

     81,811   

Other long-term liabilities

     61,556   

Parent’s net investment:

  

Parent’s net investment

     706,859   

Accumulated other comprehensive loss

     (4,329
  

 

 

 

Total parent’s net investment

     702,530   
  

 

 

 

Total

   $ 1,219,271   
  

 

 

 


DEAN HOLDING COMPANY

CONSOLIDATED OPERATING INFORMATION

(Unaudited)

(In thousands)

 

     Nine Months Ended
September 30, 2013
 

Net sales

   $ 3,101,354   

Cost of sales

     2,457,673   
  

 

 

 

Gross profit

     643,681   

Operating costs and expenses:

  

Selling and distribution

     457,386   

General and administrative

     47,392   

Amortization of intangibles

     1,611   

Facility closing and reorganization costs

     4,948   

Impairment of long-lived assets

     6,394   
  

 

 

 

Total operating costs and expenses

     517,731   
  

 

 

 

Operating income

     125,950   

Other expense:

  

Interest expense

     8,761   

Other expense, net

     76,520   
  

 

 

 

Total other expense

     85,281   
  

 

 

 

Income from continuing operations before income taxes

     40,669   

Income taxes

     16,545   
  

 

 

 

Income from continuing operations

     24,124   

Loss from discontinued operations, net of tax

     (23

Loss on sale of discontinued operations, net of tax

     (2,100
  

 

 

 

Net income

     22,001   

Other comprehensive income, net of tax

     111   
  

 

 

 

Comprehensive income

   $ 22,112