EX-12 4 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 quarters ended March 31, 2009 and March 30, 2008

(Dollar amounts in millions)

 

     QUARTER ENDED  
     MARCH 31,
2009		     MARCH 30,
2008		  

Available loss:

     

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

    $ (327 )   $ (251 )

Add: interest portion of rental expense

      10       12  

Deduct: undistributed loss of equity affiliates and income attributable to noncontrolling interests in subsidiaries

      23       35  
                

Available loss

    $ (294 )   $ (204 )
                

Fixed charges:

     

Interest expense incurred:

     

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

      107       130  

Weyerhaeuser Real Estate Company and other related subsidiaries

      8       14  
                

Subtotal

      115       144  

Less: intercompany interest

      (1 )     (2 )
                

Total interest expense incurred

      114       142  

Amortization of debt expense

      1       2  

Interest portion of rental expense

      10       12  
                

Total fixed charges

    $ 125     $ 156  
                

Ratio of earnings to fixed charges

      —         —    
                

Coverage deficiency

    $ (419 )   $ (360 )
                

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 quarters ended March 31, 2009 and March 30, 2008

(Dollar amounts in millions)

 

     QUARTER ENDED  
     MARCH 31,
2009		     MARCH 30,
2008		  

Available loss:

     

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

    $ (332 )   $ (259 )

Add: interest portion of rental expense

      8       9  

Deduct: undistributed loss of equity affiliates and attributable to noncontrolling interests in subsidiaries

      (2 )     9  

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

      96       74  
                

Available loss

    $ (230 )   $ (167 )
                

Fixed charges:

     

Interest expense incurred

      107       130  

Amortization of debt expense

      1       2  

Interest portion of rental expense

      8       9  
                

Total fixed charges

    $ 116     $ 141  
                

Ratio of earnings to fixed charges

      —         —    
                

Coverage deficiency

    $ (346 )   $ (308 )