EX-12.1.(C) 3 v80712a2exv12w1wxcy.txt EXHIBIT 12.1(C) Exhibit 12.1(c) WEYERHAEUSER COMPANY AND SUBSIDIARIES COMPUTATION OF PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES (Dollar Amounts in Thousands)
2001 --------- Available pro forma earnings: Pro forma earnings before pro forma interest expense, amortization of debt expense and income taxes ....................... $1,340,314 Add interest portion of pro forma rental expense .................... 55,848 --------- Available pro forma earnings $1,396,162 ========== Pro forma fixed charges: Pro forma interest expense incurred: Weyerhaeuser Company and subsidiaries excluding Weyerhaeuser Real Estate Company, Weyerhaeuser Financial Services, Inc. and Gryphon Investments of Nevada, Inc. and their subsidiaries ............................................. $ 842,000 Weyerhaeuser Real Estate Company and consolidated subsidiaries .......................................... 62,694 Weyerhaeuser Financial Services, Inc. and consolidated subsidiaries ...................................... 6,193 Gryphon Investments of Nevada, Inc. ................................. 0 --------- Subtotal ....................................................... 910,887 Less intercompany interest ......................................... 924 --------- Total pro forma interest expense incurred .......................... 909,963 --------- Pro forma amortization of debt expense ............................. 59,000 --------- Pro forma rental expense: Weyerhaeuser Company and consolidated subsidiaries ....................................................... 158,661 Weyerhaeuser Real Estate Company and consolidated subsidiaries .......................................... 8,883 Weyerhaueser Financial Services, Inc. and consolidated subsidiaries ...................................... 0 Gryphon Investments of Nevada, Inc. ................................. 0 --------- 167,544 --------- Interest portion of pro forma rental expense ........................ 55,848 --------- Pro forma fixed charges ............................................$1,024,811 ========== Pro forma ratio of earnings to fixed charges ............................. 1.36x ==========
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