EX-12 3 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, 2010 and March 31, 2009

(Dollar amounts in millions)

 

     QUARTER ENDED  
     MARCH 31,
2010		     MARCH 31,
2009		  

Available earnings (loss):

     

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

    $ 132      $ (327 ) 

Add: interest portion of rental expense

      7        10   

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

      (28 )      23   
                

Available earnings (loss)

    $ 111      $ (294 ) 
                

Fixed charges:

     

Interest expense incurred:

     

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

      104        107   

Weyerhaeuser Real Estate Company and other related subsidiaries

      7        8   
                

Subtotal

      111        115   

Less: intercompany interest

      (1 )      (1 ) 
                

Total interest expense incurred

      110        114   

Amortization of debt expense

      2        1   

Interest portion of rental expense

      7        10   
                

Total fixed charges

    $ 119      $ 125   
                

Ratio of earnings to fixed charges

      —          —     
                

Coverage deficiency

    $ (8 )    $ (419 ) 
                

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, 2010 and March 31, 2009

(Dollar amounts in millions)

 

     QUARTER ENDED  
     MARCH 31,
2010		     MARCH 31,
2009		  

Available earnings (loss):

     

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

    $ 126      $ (332 ) 

Add: interest portion of rental expense

      6        8   

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

      6        (2 ) 

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

      (30 )      96   
                

Available earnings (loss)

    $ 108      $ (230 ) 
                

Fixed charges:

     

Interest expense incurred

      104        107   

Amortization of debt expense

      2        1   

Interest portion of rental expense

      6        8   
                

Total fixed charges

    $ 112      $ 116   
                

Ratio of earnings to fixed charges

      —          —     
                

Coverage deficiency

    $ (4 )    $ (346 )