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 year-to-date periods ended September 30, 2009 and September 28, 2008

(Dollar amounts in millions)

 

     YEAR-TO-DATE ENDED  
     SEPTEMBER 30,
2009		     SEPTEMBER 28,
2008		  

Available loss:

     

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

    $ (191 )    $ (896 ) 

Add: interest portion of rental expense

      30        33   

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

      38        166   
                

Available loss

    $ (123 )    $ (697 ) 
                

Fixed charges:

     

Interest expense incurred:

     

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

      317        379   

Weyerhaeuser Real Estate Company and other related subsidiaries

      26        43   
                

Subtotal

      343        422   

Less: intercompany interest

      (4 )      (7 ) 
                

Total interest expense incurred

      339        415   

Amortization of debt expense

      5        5   

Interest portion of rental expense

      30        33   
                

Total fixed charges

    $ 374      $ 453   
                

Ratio of earnings to fixed charges

      —          —     
                

Coverage deficiency

    $ 497      $ 1,150   
                

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 year-to-date periods ended September 30, 2009 and September 28, 2008

(Dollar amounts in millions)

 

     YEAR-TO-DATE ENDED  
     SEPTEMBER 30,
2009		     SEPTEMBER 28,
2008		  

Available earnings (loss):

     

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

    $ (225 )    $ (925 ) 

Add: interest portion of rental expense

      25        26   

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

      8        47   

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

      211        791   
                

Available earnings (loss)

    $ 19      $ (61 ) 
                

Fixed charges:

     

Interest expense incurred

      317        379   

Amortization of debt expense

      5        5   

Interest portion of rental expense

      25        26   
                

Total fixed charges

    $ 347      $ 410   
                

Ratio of earnings to fixed charges

      —          —     
                

Coverage deficiency

    $ 328      $ 471