EX-12 2 wy93013ex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS WY 9.30.13 EX12


EXHIBIT 12
Weyerhaeuser Company and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges and
Computation of Ratios of Earnings to Combined Fixed Charges and Preference Dividends
For the year-to-date periods ended September 30, 2013, and 2012
(Dollar amounts in millions)

 
YEAR-TO-DATE ENDED
 
SEPTEMBER 2013
 
SEPTEMBER 2012
Available earnings:
 
 
 
Earnings before interest expense, amortization of debt expense and income taxes
$
911

 
$
550

Add: interest portion of rental expense
10

 
10

Add (deduct): undistributed losses (earnings) of equity affiliates and income attributable to noncontrolling interests in subsidiaries
(3
)
 
1

Available earnings
$
918

 
$
561

Fixed charges:
 
 
 
Interest expense incurred:
 
 
 
Weyerhaeuser Company and subsidiaries, excluding Weyerhaeuser Real Estate Company and other related subsidiaries
$
252

 
$
259

Weyerhaeuser Real Estate Company and other related subsidiaries
16

 
21

Subtotal
268

 
280

Less: intercompany interest
(11
)
 
(9
)
Total interest expense incurred
257

 
271

Amortization of debt expense
6

 
5

Interest portion of rental expense
10

 
10

Total fixed charges
273

 
286

Dividends on preference shares (pretax)
15

 
—

Total fixed charges and preference dividends
$
288

 
$
286

Ratio of earnings to fixed charges
3.36

 
1.96

Ratio of earnings to combined fixed charges and preference dividends
3.19

 
1.96






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 and
Computation of Ratios of Earnings to Combined Fixed Charges and Preference Dividends
For the year-to-date periods ended September 30, 2013 and 2012
(Dollar amounts in millions)

 
YEAR-TO-DATE ENDED
 
SEPTEMBER 2013
 
SEPTEMBER 2012
Available earnings:
 
  
 
Earnings before interest expense, amortization of debt expense and income taxes
$
877

  
$
520

Add: interest portion of rental expense
9

  
9

Deduct: undistributed earnings of equity affiliates and attributable to noncontrolling interests in subsidiaries
(4
)
  
—

Deduct: undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries
(45
)
  
(20
)
Available earnings
$
837

  
$
509

Fixed charges:
 
  
 
Interest expense incurred
$
252

  
$
259

Amortization of debt expense
6

  
5

Interest portion of rental expense
9

  
9

Total fixed charges
267

  
273

Dividends on preference shares (pretax)
15

 
—

Total fixed charges and preference dividends
$
282

 
$
273

Ratio of earnings to fixed charges
3.13

  
1.86

Ratio of earnings to combined fixed charges and preference dividends
2.97

 
1.86