EX-12 3 dex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS Statements regarding computation of ratios

EXHIBIT 12

 

Weyerhaeuser Company and Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

(Dollar amounts in thousands)

 

     Fifty-two weeks ended

 
    

Dec. 25,

2005


   

Dec. 26,

2004


 

Available earnings:

                

Earnings before interest expense, amortization of debt expense and income taxes

   $ 1,796,763     $ 2,866,113  

Add interest portion of rental expense

     59,153       60,244  

Deduct undistributed earnings of equity affiliates

     (9,277 )     (38,039 )
    


 


Available earnings

   $ 1,846,639     $ 2,888,318  
    


 


Fixed charges:

                

Interest expense incurred:

                

Weyerhaeuser Company and subsidiaries excluding Weyerhaeuser Real Estate Company and other related subsidiaries

   $ 676,494     $ 822,667  

Weyerhaeuser Real Estate Company and other related subsidiaries

     53,117       56,841  
    


 


Subtotal

     729,611       879,508  

Less intercompany interest

     2,678       (47 )
    


 


Total interest expense incurred

     732,289       879,461  

Amortization of debt expense

     17,814       15,269  

Interest portion of rental expense

     59,153       60,244  
    


 


Total fixed charges

   $ 809,256     $ 954,974  
    


 


Ratio of earnings to fixed charges

     2.28       3.02  
    


 



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 thousands)

 

     Fifty-two weeks ended

 
    

Dec. 25,

2005


   

Dec. 26,

2004


 

Available earnings:

                

Earnings before interest expense, amortization of debt expense, and income taxes

   $ 1,725,071     $ 2,773,714  

Add interest portion of rental expense

     52,849       54,873  

Deduct undistributed earnings of equity affiliates

     10,639       (7,880 )

Deduct undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries

     (734,195 )     (609,758 )
    


 


Available earnings

   $ 1,054,364     $ 2,210,949  
    


 


Fixed charges:

                

Interest expense incurred

   $ 676,494     $ 822,667  

Amortization of debt expense

     17,814       15,269  

Interest portion of rental expense

     52,849       54,873  
    


 


Total fixed charges

   $ 747,157     $ 892,809  
    


 


Ratio of earnings to fixed charges

     1.41       2.48