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

(Dollar amounts in thousands)

 

     Thirteen weeks ended

 
    

March 27,

2005


    March 28,
2004


 

Available earnings:

                

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

   $ 579,540     $ 389,870  

Add interest portion of rental expense

     14,749       14,763  

Deduct undistributed earnings of equity affiliates

     (5,588 )     (8,401 )
    


 


Available earnings

   $ 588,701     $ 396,232  
    


 


Fixed charges:

                

Interest expense incurred:

                

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

   $ 192,258     $ 191,481  

Weyerhaeuser Real Estate Company and other related subsidiaries

     13,634       14,890  
    


 


Subtotal

     205,892       206,371  

Less intercompany interest

     249       (79 )
    


 


Total interest expense incurred

     206,141       206,292  

Amortization of debt expense

     3,322       3,968  

Interest portion of rental expense

     14,749       14,763  
    


 


Total fixed charges

   $ 224,212     $ 225,023  
    


 


Ratio of earnings to fixed charges

     2.63       1.76  
    


 



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)

 

     Thirteen weeks ended

 
    

March 27,

2005


    March 28,
2004


 

Available earnings:

                

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

   $ 562,758     $ 375,158  

Add interest portion of rental expense

     13,269       13,547  

Deduct undistributed earnings of equity affiliates

     640       (2,523 )

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

     (182,849 )     (120,043 )
    


 


Available earnings

   $ 393,818     $ 266,139  
    


 


Fixed charges:

                

Interest expense incurred

   $ 192,258     $ 191,481  

Amortization of debt expense

     3,322       3,968  

Interest portion of rental expense

     13,269       13,547  
    


 


Total fixed charges

   $ 208,849     $ 208,996  
    


 


Ratio of earnings to fixed charges

     1.89       1.27