EX-12 2 wy-123112xex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS WY-12.31.12-Ex.12


EXHIBIT 12
WEYERHAEUSER COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
DOLLAR AMOUNTS IN MILLIONS
 
 
 
 
 
 
Year Ended

 
 
 
 
  
2012

2011

2010

2009

2008

Available earnings (loss):
 
 
 
 
 
Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes
$
831

$
647

$
520

$
(238
)
$
(2,301
)
Add: interest portion of rental expense
14

16

18

31

32

Add: undistributed losses of equity affiliates and minority interest in income of subsidiaries
—

3

12

21

199

Available earnings (loss)
$
845

$
666

$
550

$
(186
)
$
(2,070
)
Fixed charges:
 
 
 
 
 
Interest expense incurred:
 
 
 
 
 
Weyerhaeuser Company and subsidiaries excluding Weyerhaeuser Real Estate Company and other related subsidiaries
$
346

$
361

$
401

$
457

$
466

Weyerhaeuser Real Estate Company and other related subsidiaries
27

24

28

35

60

Subtotal
373

385

429

492

526

Less: intercompany interest
(13
)
(4
)
(4
)
(5
)
(15
)
Total interest expense incurred
360

381

425

487

511

Amortization of debt expense
6

7

6

7

7

Interest portion of rental expense
14

16

18

31

32

Total fixed charges
$
380

$
404

$
449

$
525

$
550

Ratio of earnings to fixed charges
2.22

1.65

1.22

 
 

Coverage deficiency
$
—

$
—

$
—

$
711

$
2,620

WEYERHAEUSER COMPANY WITH ITS WEYERHAEUSER REAL ESTATE COMPANY AND OTHER RELATED SUBSIDIARIES ACCOUNTED FOR ON THE EQUITY METHOD, BUT EXCLUDING THE UNDISTRIBUTED EARNINGS OF THOSE SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
DOLLAR AMOUNTS IN MILLIONS
 
 
 
 
 
 
Year Ended

 
 
 
 
  
2012

2011

2010

2009

2008

Available earnings (loss):
 
 
 
 
 
Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes
$
791

$
619

$
487

$
(311
)
$
(2,350
)
Add: interest portion of rental expense
12

13

15

24

23

Add (deduct): undistributed (earnings) losses of equity affiliates and minority interest in income of subsidiaries
(1
)
2

10

17

41

Add (deduct): undistributed (earnings) losses before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries
(100
)
(55
)
(89
)
303

1,422

Available earnings (loss)
$
702

$
579

$
423

$
33

$
(864
)
Fixed charges:
 

 

 

 

 

Interest expense incurred
$
346

$
361

$
401

$
457

$
466

Amortization of debt expense
6

7

6

7

7

Interest portion of rental expense
12

13

15

24

23

Total fixed charges
$
364

$
381

$
422

$
488

$
496

Ratio of earnings to fixed charges
1.93

1.52

1.00

 

 

Coverage deficiency
$
—

$
—

$
—

$
455

$
1,360