Attached files
EXHIBIT 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
| September 30, 2009 |
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| Assets |
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| Current assets: |
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| Cash and cash equivalents |
$ | 6,779 | ||
| Receivables, net |
257,910 | |||
| Inventories |
114,378 | |||
| Deferred income taxes |
16,879 | |||
| Prepaid expenses and other current assets |
7,860 | |||
| Total current asset |
403,806 | |||
| Property, plant and equipment, net |
510,828 | |||
| Goodwill |
1,101,155 | |||
| Identifiable intangible and other assets |
191,874 | |||
| Total |
$ | 2,207,663 | ||
| Liabilities and Parent’s Net Investment |
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| Current liabilities: |
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| Accounts payable and accrued expenses |
$ | 212,664 | ||
| Current portion of long-term debt |
57,422 | |||
| Total current liabilities |
270,086 | |||
| Long-term debt |
126,616 | |||
| Deferred income taxes |
162,994 | |||
| Other long-term liabilities |
76,546 | |||
| Parent’s net investment: |
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| Parent’s net investment |
1,573,656 | |||
| Accumulated other comprehensive loss |
(2,235 | ) | ||
| Total parent’s net investment |
1,571,421 | |||
| Total |
$ | 2,207,663 | ||
DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
| Nine Months Ended September 30, 2009 | |||
| Net sales |
$ | 2,723,111 | |
| Cost of sales |
1,973,420 | ||
| Gross profit |
749,691 | ||
| Operating costs and expenses: |
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| Selling and distribution |
433,933 | ||
| General and administrative |
35,715 | ||
| Amortization of intangibles |
1,596 | ||
| Facility closing and reorganization costs |
1,894 | ||
| Total operating costs and expenses |
473,138 | ||
| Operating income |
276,553 | ||
| Other (income) expense: |
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| Interest expense |
12,990 | ||
| Other (income) expense, net |
110,387 | ||
| Total other expense |
123,377 | ||
| Income from continuing operations before income taxes |
153,176 | ||
| Income taxes |
56,879 | ||
| Net income |
$ | 96,297 | |