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 twenty-six week periods ended June 29, 2008 and July 1, 2007

(Dollar amounts in millions)

 

     TWENTY-SIX WEEKS ENDED  
     JUNE 29,
2008		     JULY 1,
2007		  

Available earnings:

     

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

    $ (546 )   $ 103  

Add: interest portion of rental expense

      23       21  

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

      80       (15 )
                

Available earnings (loss)

    $ (443 )   $ 109  
                

Fixed charges:

     

Interest expense incurred:

     

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

      254       304  

Weyerhaeuser Real Estate Company and other related subsidiaries

      29       30  
                

Subtotal

      283       334  

Less: intercompany interest

      (3 )     (1 )
                

Total interest expense incurred

      280       333  

Amortization of debt expense

      4       5  

Interest portion of rental expense

      23       21  
                

Total fixed charges

    $ 307     $ 359  
                

Ratio of earnings to fixed charges

      —         —    
                

Coverage deficiency

    $ (750 )   $ (250 )
                

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 twenty-six week period June 29, 2008 and July 1, 2007

(Dollar amounts in millions)

 

     TWENTY-SIX WEEKS ENDED  
     JUNE 29,
2008		     JULY 1,
2007		  

Available earnings:

     

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

    $ (566 )   $ 83  

Add: interest portion of rental expense

      18       16  

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

      8       10  

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

      411       (122 )
                

Available earnings (loss)

    $ (129 )   $ (13 )
                

Fixed charges:

     

Interest expense incurred

      254       304  

Amortization of debt expense

      4       5  

Interest portion of rental expense

      18       16  
                

Total fixed charges

    $ 276     $ 325  
                

Ratio of earnings to fixed charges

      —         —    
                

Coverage deficiency

    $ (405 )   $ (338 )