DEAN FOODS CO - FORM 10-K - EX-12 - EXHIBIT 12 - February 26, 2018

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EX-23 - EXHIBIT 23 - DEAN FOODS COdf-20171231x10kxexx23.htm
EX-32.2 - EXHIBIT 32.2 - DEAN FOODS COdf-20171231x10kxex322.htm
EX-32.1 - EXHIBIT 32.1 - DEAN FOODS COdf-20171231x10kxexx321.htm
EX-31.2 - EXHIBIT 31.2 - DEAN FOODS COdf-20171231x10kxexx312.htm
EX-31.1 - EXHIBIT 31.1 - DEAN FOODS COdf-20171231x10kxexx311.htm
EX-21 - EXHIBIT 21 - DEAN FOODS COdf-20171231x10kxexx21.htm
EX-10.36 - EXHIBIT 10.36 - DEAN FOODS COdf-20171231x10kxexx1036.htm
EX-10.35 - EXHIBIT 10.35 - DEAN FOODS COdf-20171231x10kxexx1035.htm
EX-10.34 - EXHIBIT 10.34 - DEAN FOODS COdf-20171231x10kxexx1034.htm
EX-10.33 - EXHIBIT 10.33 - DEAN FOODS COdf-20171231x10kxexx1033.htm
10-K - 10-K - DEAN FOODS COdf-20171231x10k.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, 2017, 2016, 2015, 2014 and 2013:
 
Year Ended December 31
 
2017
 
2016
 
2015
 
2014
 
2013
Income (loss) from continuing operations before income taxes
$
21,243

 
$
202,651

 
$
(13,310
)
 
$
(52,283
)
 
$
283,304

Fixed charges:
 
 
 
 
 
 
 
 

Interest expense
64,961

 
66,795

 
66,813

 
61,019

 
200,588

Portion of rentals (33%)
45,120

 
42,446

 
41,848

 
39,628

 
41,581

Capitalized interest
240

 
479

 
499

 
458

 
(110
)
Total fixed charges
110,321


109,720


109,160


101,105


242,059

Income from continuing operations before income taxes and fixed charges less capitalized interest and equity in earnings of unconsolidated affiliate
$
131,324


$
311,892


$
95,351


$
48,364


$
525,473

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.19x

2.84x

0.87x

0.48x

2.17x
Deficiency in the coverage of earnings to fixed charges
$
—

 
$
—

 
$
—

 
$
—

 
$
—



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