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

For the thirteen-week periods ended April 1, 2007 and March 26, 2006

(Dollar amounts in millions)

 

     THIRTEEN-WEEKS ENDED  
    

APRIL 1,

2007

   

MARCH 26,

2006

 

Available earnings:

    

Earnings from continuing operations before interest expense, amortization of debt expense and income taxes

   $ 93     $ 400  

Add: interest portion of rental expense

     15       15  

Deduct: undistributed earnings of equity affiliates

     (13 )     (16 )
                

Available earnings

   $ 95     $ 399  
                

Fixed charges:

    

Interest expense incurred:

    

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

     117       115  

Weyerhaeuser Real Estate Company and other related subsidiaries

     13       14  
                

Subtotal

     130       129  

Less: intercompany interest

     (1 )     —    
                

Total interest expense incurred

     129       129  

Amortization of debt expense

     3       3  

Interest portion of rental expense

     15       15  
                

Total fixed charges

   $ 147     $ 147  
                

Ratio of earnings to fixed charges

     —         2.71  
                

Coverage deficiency

   $ (52 )   $ —    
                

 


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 thirteen-week periods ended April 1, 2007 and March 26, 2006

(Dollar amounts in thousands)

 

     THIRTEEN-WEEKS ENDED  
    

APRIL 1,

2007

   

MARCH 26,

2006

 

Available earnings:

    

Earnings from continuing operations before interest expense, amortization of debt expense and income taxes

   $ 84     $ 388  

Add: interest portion of rental expense

     13       13  

Deduct: undistributed earnings of equity affiliates

     2       (1 )

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

     (57 )     (171 )
                

Available earnings

   $ 42     $ 229  
                

Fixed charges:

    

Interest expense incurred

     117       115  

Amortization of debt expense

     3       3  

Interest portion of rental expense

     13       13  
                

Total fixed charges

   $ 133     $ 131  
                

Ratio of earnings to fixed charges

     —         1.75  
                

Coverage deficiency

   $ (91 )   $ —