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EX-23 - EXHIBIT 23 - DEAN FOODS COdf-20151231x10kxexx23.htm
EX-32.1 - EXHIBIT 32.1 - DEAN FOODS COdf-20151231x10kxexx321.htm
EX-10.32 - EXHIBIT 10.32 - DEAN FOODS COdf-20151231x10kxexx1032.htm
10-K - 10-K - DEAN FOODS COdf-20151231x10k.htm
EX-21 - EXHIBIT 21 - DEAN FOODS COdf-20151231x10kxexx21.htm
EX-32.2 - EXHIBIT 32.2 - DEAN FOODS COdf-20151231x10kxex322.htm
EX-99 - EXHIBIT 99 - DEAN FOODS COdf-20151231x10kxexx99.htm
EX-31.2 - EXHIBIT 31.2 - DEAN FOODS COdf-20151231x10kxexx312.htm
EX-31.1 - EXHIBIT 31.1 - DEAN FOODS COdf-20151231x10kxexx311.htm
EXHIBIT 12


DEAN HOLDING COMPANY
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In thousands)

The table below sets forth the computation of ratios of earnings to fixed charges for the years ended December 31, 2015, 2014, 2013, 2012 and 2011:
 
 
Year Ended December 31
 
2015
 
2014
 
2013
 
2012
 
2011
Income (loss) from continuing operations before income taxes
$
(13,310
)
 
$
(52,283
)
 
$
283,304

 
$
111,760

 
$
(2,251,837
)
Fixed charges:
 
 
 
 
 
 
 
 

Interest expense
66,813

 
61,019

 
200,588

 
150,589

 
177,449

Portion of rentals (33%)
41,848

 
39,628

 
41,581

 
42,066

 
44,037

Capitalized interest
499

 
458

 
(110
)
 
2,468

 
1,304

Total fixed charges
109,160


101,105


242,059


195,123


222,790

Income (loss) from continuing operations before income taxes and fixed charges less capitalized interest and equity in earnings of unconsolidated affiliate
$
95,351


$
48,364


$
525,473


$
304,415


$
(2,030,351
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
0.87x

0.48x

2.17x

1.56x


Deficiency in the coverage of earnings to fixed charges
$

 
$

 
$

 
$

 
$
(2,030,351
)