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 thirty-nine week periods ended September 28, 2008 and September 30, 2007

(Dollar amounts in millions)

 

    THIRTY-NINE WEEKS ENDED  
    SEPTEMBER 28,
2008		     SEPTEMBER 30,
2007		  

Available earnings:

    

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

   $ (832 )   $ 213  

Add: interest portion of rental expense

     33       31  

Deduct: undistributed earnings of equity affiliates and minority interest in income of subsidiaries

     130       (20 )
               

Available earnings (loss)

   $ (669 )   $ 224  
               

Fixed charges:

    

Interest expense incurred:

    

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

     379       433  

Weyerhaeuser Real Estate Company and other related subsidiaries

     43       47  
               

Subtotal

     422       480  

Less: intercompany interest

     (7 )     (3 )
               

Total interest expense incurred

     415       477  

Amortization of debt expense

     5       7  

Interest portion of rental expense

     33       31  
               

Total fixed charges

   $ 453     $ 515  
               

Ratio of earnings to fixed charges

     —         —    
               

Coverage deficiency

   $ 1,122     $ 291  
               

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 thirty-nine week period September 28, 2008 and September 30, 2007

(Dollar amounts in millions)

 

     THIRTY-NINE WEEKS ENDED  
     SEPTEMBER 28,
2008		     SEPTEMBER 30,
2007		  

Available earnings:

     

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

    $ (861 )   $ 180  

Add: interest portion of rental expense

      26       24  

Deduct: undistributed earnings of equity affiliates and minority interest in income of subsidiaries

      47       14  

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

      727       (182 )
                

Available earnings (loss)

    $ (61 )   $ 36  
                

Fixed charges:

     

Interest expense incurred

      379       433  

Amortization of debt expense

      5       7  

Interest portion of rental expense

      26       24  
                

Total fixed charges

    $ 410     $ 464  
                

Ratio of earnings to fixed charges

      —         —    
                

Coverage deficiency

    $ 471     $ 428