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)

 

     Thirty-nine weeks ended

 
    

Sept. 25,

2005


   

Sept. 26,

2004


 

Available earnings:

                

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

   $ 1,954,164     $ 2,282,640  

Add interest portion of rental expense

     44,294       44,972  

Deduct undistributed earnings of equity affiliates

     (23,601 )     (20,194 )
    


 


Available earnings

   $ 1,974,857     $ 2,307,418  
    


 


Fixed charges:

                

Interest expense incurred:

                

Weyerhaeuser Company and subsidiaries excluding

                

Weyerhaeuser Real Estate Company and other related subsidiaries

   $ 520,880     $ 585,454  

Weyerhaeuser Real Estate Company and other related subsidiaries

     40,018       43,834  
    


 


Subtotal

     560,898       629,288  

Less intercompany interest

     1,861       (506 )
    


 


Total interest expense incurred

     562,759       628,782  

Amortization of debt expense

     12,472       11,836  

Interest portion of rental expense

     44,294       44,972  
    


 


Total fixed charges

   $ 619,525     $ 685,590  
    


 


Ratio of earnings to fixed charges

     3.19       3.37  
    


 



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

 
     Sept. 25,
2005


    Sept. 26,
2004


 

Available earnings:

                

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

   $ 1,908,306     $ 2,234,928  

Add interest portion of rental expense

     39,765       41,067  

Deduct undistributed earnings of equity affiliates

     (374 )     3,647  

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

     (484,210 )     (393,115 )
    


 


Available earnings

   $ 1,463,487     $ 1,886,527  
    


 


Fixed charges:

                

Interest expense incurred

   $ 520,880     $ 585,454  

Amortization of debt expense

     12,472       11,836  

Interest portion of rental expense

     39,765       41,067  
    


 


Total fixed charges

   $ 573,117     $ 638,357  
    


 


Ratio of earnings to fixed charges

     2.55       2.96