Attached files
EXHIBIT 99
DEAN HOLDING COMPANY
CONSOLIDATED BALANCE SHEET INFORMATION
(Unaudited)
(In thousands)
| March 31, 2010 |
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| Assets |
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| Current assets: |
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| Cash and cash equivalents |
$ | 7,677 | ||
| Receivables, net |
278,996 | |||
| Inventories |
125,499 | |||
| Prepaid expenses and other current assets |
8,625 | |||
| Total current asset |
420,797 | |||
| Property, plant and equipment, net |
524,725 | |||
| Goodwill |
1,099,682 | |||
| Identifiable intangible and other assets |
192,094 | |||
| Total |
$ | 2,237,298 | ||
| Liabilities and Parent’s Net Investment |
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| Current liabilities: |
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| Accounts payable and accrued expenses |
$ | 170,888 | ||
| Current portion of debt |
9 | |||
| Total current liabilities |
170,897 | |||
| Long-term debt |
126,404 | |||
| Deferred income taxes |
167,604 | |||
| Other long-term liabilities |
32,813 | |||
| Parent’s net investment: |
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| Parent’s net investment |
1,741,967 | |||
| Accumulated other comprehensive loss |
(2,387 | ) | ||
| Total parent’s net investment |
1,739,580 | |||
| Total |
$ | 2,237,298 | ||
DEAN HOLDING COMPANY
CONSOLIDATED OPERATING INFORMATION
(Unaudited)
(In thousands)
| Three Months Ended March 31, 2010 |
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| Net sales |
$ | 968,199 | ||
| Cost of sales |
738,180 | |||
| Gross profit |
230,019 | |||
| Operating costs and expenses: |
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| Selling and distribution |
156,845 | |||
| General and administrative |
14,739 | |||
| Amortization of intangibles |
547 | |||
| Facility closing and reorganization costs |
(107 | ) | ||
| Total operating costs and expenses |
172,024 | |||
| Operating income |
57,995 | |||
| Other (income) expense: |
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| Interest expense |
2,793 | |||
| Other (income) expense, net |
23,697 | |||
| Total other expense |
26,490 | |||
| Income from continuing operations before income taxes |
31,505 | |||
| Income taxes |
13,938 | |||
| Net income |
$ | 17,567 | ||