EX-12 5 d639229dex12.htm EX-12 EX-12

EXHIBIT 12

DEAN FOODS COMPANY

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

The table below sets forth the computation of ratios of earnings to fixed charges for the years ended December 31, 2013, 2012, 2011, 2010 and 2009:

 

     Year Ended December 31  
     2013     2012     2011     2010     2009  
     (In Thousands)  

Income (loss) from continuing operations before income taxes

   $ 283,034      $ 111,760      $ (2,251,837   $ (2,547   $ 233,543   

Fixed charges:

          

Interest expense

     200,588        150,589        177,449        177,431        184,955   

Portion of rentals (33%)

     41,581        42,066        44,037        47,918        47,717   

Capitalized interest

     (110     2,468        1,304        1,271        1,676   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

     242,059        195,123        222,790        226,620        234,348   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

   $ 525,473      $ 304,415      $ (2,030,351   $ 222,802      $ 466,215   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of earnings to fixed charges

     2.17x        1.56x        —          0.98x        1.99x   

Deficiency in the coverage of earnings to fixed charges

   $ —        $ —        $ (2,030,351   $ —        $ —