EX-12 3 wy33112ex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS WY 3.31.12 EX12


EXHIBIT 12
Weyerhaeuser Company and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
For the quarters ended March 31, 2012, and March 31, 2011
(Dollar amounts in millions)
 
 
QUARTER ENDED
 
MARCH 31,
2012
 
MARCH 31,
2011
Available earnings:
 
 
 
Earnings from continuing operations before interest expense, amortization of debt expense and income taxes
$
116

 
$
252

Add: interest portion of rental expense
4

 
4

Add: undistributed loss of equity affiliates and income attributable to noncontrolling interests in subsidiaries
2

 
4

Available earnings
$
122

 
$
260

Fixed charges:
 
 
 
Interest expense incurred:
 
 
 
Weyerhaeuser Company and subsidiaries, excluding Weyerhaeuser Real Estate Company and other related subsidiaries
$
86

 
$
94

Weyerhaeuser Real Estate Company and other related subsidiaries
5

 
6

Subtotal
91

 
100

Less: intercompany interest
(1
)
 
(1
)
Total interest expense incurred
90

 
99

Amortization of debt expense
2

 
2

Interest portion of rental expense
4

 
4

Total fixed charges
$
96

 
$
105

Ratio of earnings to fixed charges
1.27

 
2.48






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 quarters ended March 31, 2012 and March 31, 2011
(Dollar amounts in millions)
 
 
QUARTER ENDED
 
MARCH 31,
2012
 
MARCH 31,
2011
Available earnings:
 
  
 
Earnings from continuing operations before interest expense, amortization of debt expense and income taxes
$
111

  
$
247

Add: interest portion of rental expense
3

  
3

Add: undistributed loss of equity affiliates and attributable to noncontrolling interests in subsidiaries
2

  
3

Add: undistributed loss before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries
9

  
1

Available earnings
$
125

  
$
254

Fixed charges:
 
  
 
Interest expense incurred
$
86

  
$
94

Amortization of debt expense
2

  
2

Interest portion of rental expense
3

  
3

Total fixed charges
$
91

  
$
99

Ratio of earnings to fixed charges
1.37

  
2.57