EX-12 2 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS Statement regarding computation of ratios

EXHIBIT 12

 

Weyerhaeuser Company and Subsidiaries

Computation of Ratios of Earnings to Fixed Charges

(Dollar amounts in thousands)

 

     Twenty-six weeks ended

 
    

June 26,

2005


    June 27,
2004


 

Available earnings:

                

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

   $ 1,379,242     $ 1,181,815  

Add interest portion of rental expense

     29,642       29,767  

Deduct undistributed earnings of equity affiliates

     (13,766 )     (10,641 )
    


 


Available earnings

   $ 1,395,118     $ 1,200,941  
    


 


Fixed charges:

                

Interest expense incurred:

                

Weyerhaeuser Company and subsidiaries excluding

                

Weyerhaeuser Real Estate Company and other related subsidiaries

   $ 366,793     $ 405,312  

Weyerhaeuser Real Estate Company and other related subsidiaries

     26,807       29,521  
    


 


Subtotal

     393,600       434,833  

Less intercompany interest

     1,264       (283 )
    


 


Total interest expense incurred

     394,864       434,550  

Amortization of debt expense

     8,288       8,023  

Interest portion of rental expense

     29,642       29,767  
    


 


Total fixed charges

   $ 432,794     $ 472,340  
    


 


Ratio of earnings to fixed charges

     3.22       2.54  
    


 



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)

 

     Twenty-six weeks ended

 
     June 26,
2005


   

June 27,

2004


 

Available earnings:

                

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

   $ 1,347,799     $ 1,150,895  

Add interest portion of rental expense

     26,610       27,219  

Deduct undistributed earnings of equity affiliates

     (361 )     3,747  

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

     (338,969 )     (237,795 )
    


 


Available earnings

   $ 1,035,079     $ 944,066  
    


 


Fixed charges:

                

Interest expense incurred

   $ 366,793     $ 405,312  

Amortization of debt expense

     8,288       8,023  

Interest portion of rental expense

     26,610       27,219  
    


 


Total fixed charges

   $ 401,691     $ 440,554  
    


 


Ratio of earnings to fixed charges

     2.58       2.14