EX-12 2 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

For the 13-week periods ended March 30, 2008 and April 1, 2007

(Dollar amounts in millions)

 

     THIRTEEN WEEKS ENDED  
     MARCH 30,
2008		     APRIL 1,
2007		  

Available earnings:

     

Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes

    $ (243 )   $ 18  

Add: interest portion of rental expense

      11       11  

Deduct: undistributed (earnings) loss of equity affiliates and minority interest in income of subsidiaries

      35       (10 )
                

Available earnings (loss)

    $ (197 )   $ 19  
                

Fixed charges:

     

Interest expense incurred:

     

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

      130       128  

Weyerhaeuser Real Estate Company and other related subsidiaries

      14       13  
                

Subtotal

      144       141  

Less: intercompany interest

      (2 )     (1 )
                

Total interest expense incurred

      142       140  

Amortization of debt expense

      2       3  

Interest portion of rental expense

      11       11  
                

Total fixed charges

    $ 155     $ 154  
                

Ratio of earnings to fixed charges

      —         —    
                

Coverage deficiency

    $ (352 )   $ (135 )
                

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

For the 13-week periods ended March 30, 2008 and April 1, 2007

(Dollar amounts in thousands)

 

     THIRTEEN WEEKS ENDED  
     MARCH 30,
2008		     APRIL 1,
2007		  

Available earnings:

     

Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes

    $ (251 )   $ 9  

Add: interest portion of rental expense

      9       9  

Deduct: undistributed loss of equity affiliates and minority interest in income of subsidiaries

      8       4  

Deduct: undistributed (earnings) loss before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries

      74       (57 )
                

Available loss

    $ (160 )   $ (35 )
                

Fixed charges:

     

Interest expense incurred

      130       128  

Amortization of debt expense

      2       3  

Interest portion of rental expense

      9       9  
                

Total fixed charges

    $ 141     $ 140  
                

Ratio of earnings to fixed charges

      —         —    
                

Coverage deficiency

    $ (301 )   $ (175 )