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 year-to-date periods ended September 30, 2010 and September 30, 2009

(Dollar amounts in millions)

 

     YEAR-TO-DATE ENDED  
     SEPTEMBER 30,
2010		     SEPTEMBER 30,
2009		  

Available earnings (loss):

     

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

    $ 461      $ (191 ) 

Add: interest portion of rental expense

      22        30   

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

      (29 )      38   
                

Available earnings (loss)

    $ 454      $ (123 ) 
                

Fixed charges:

     

Interest expense incurred:

     

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

    $ 304      $ 317   

Weyerhaeuser Real Estate Company and other related subsidiaries

      21        26   
                

Subtotal

      325        343   

Less: intercompany interest

      (3 )      (4 ) 
                

Total interest expense incurred

      322        339   

Amortization of debt expense

      5        5   

Interest portion of rental expense

      22        30   
                

Total fixed charges

    $ 349      $ 374   
                

Ratio of earnings to fixed charges

      1.30        —     
                

Coverage deficiency

    $ —        $ 497   
                

 

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, 2010 and September 30, 2009

(Dollar amounts in millions)

 

     YEAR-TO-DATE ENDED  
     SEPTEMBER 30,
2010		     SEPTEMBER 30,
2009		  

Available earnings:

     

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

    $ 439      $ (225 ) 

Add: interest portion of rental expense

      19        25   

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

      9        8   

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

      (76 )      211   
                

Available earnings

    $ 391      $ 19   
                

Fixed charges:

     

Interest expense incurred

    $ 304      $ 317   

Amortization of debt expense

      5        5   

Interest portion of rental expense

      19        25   
                

Total fixed charges

    $ 328      $ 347   
                

Ratio of earnings to fixed charges

      1.19        —     
                

Coverage deficiency

    $ —        $ 328