Weyerhaeuser (WY) 10-K2011 FY Annual report

Filed: 22 Feb 12, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigious
Readability	6th grade Good

New words: ABC, accrual, add, ALSC, ambient, Arbitration, background, Bark, Bay, bolstered, borne, Branch, Carlo, Celulose, comment, contesting, convene, Copenhagen, death, deficit, Description, disability, disabled, Dodson, drainage, Eaton, elevated, embedded, enrolled, entail, ERISA, Eurozone, Fargo, Festival, fiduciary, formula, heard, Hong, Hudson, Inspection, issuable, Kong, leader, London, merchandising, modestly, momentum, Monte, Multifamily, NAFO, NCASI, nonresidential, NRTEE, Omnicare, pace, Papal, PNC, political, population, ratably, ratified, Ravinia, recommended, referenced, reorganization, reorganized, repeated, requisite, Simsboro, SPIB, spur, stop, struggle, synthetic, tangible, Techtronix, territorial, tie, TSR, tsunami, undermine, underwriting, unknown, upheld, vigorously, visually, weighed, withdrawal, withdrawing, worst, yard

Removed: accelerating, accompanied, accompanyingConsolidated, adjustment, administrator, Alcoa, appointed, architectural, arnold, Asian, assume, Australia, Australian, bag, Ball, Ballard, breadth, Brunswick, cabinetry, cancelled, Cape, Celanese, cereal, chain, Cluster, commissioner, complement, consolidation, consulting, Contingenciesin, Creditin, diesel, dividing, division, Domtar, Dow, driven, drop, Eastman, effluent, Ernesta, exchangeable, exemption, expertise, falling, FASB, finalized, formation, Fox, frame, furniture, Hershey, hour, household, Huntsman, iLevel, inFinancial, inInternal, inNote, inOur, intervention, Irish, Johnson, Kellogg, langbo, led, marine, MeadWestvaco, millwork, Miramichi, Monsanto, Native, Nelson, Nucor, ofNote, organization, ourconsolidated, parent, partitioned, partitioning, payout, peer, plantation, Postal, PPG, Praxair, principle, profile, provision, Qwest, rail, Realty, recession, recur, responding, restructured, RII, Rohm, sack, salvage, scale, seenote, ShareholdersandProxy, spending, square, Steel, stronger, Sunday, theConsolidated, theManagement, theNotice, theOur, Timberfund, toOur, trainee, Triangle, underRisk, unprecedented, vacated, vacation, variation, Village, warehousing, Whirlpool, Wisconsin, Zealand

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

WY similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

EXHIBIT 12

WEYERHAEUSER COMPANY AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES



DOLLAR AMOUNTS IN MILLIONS
	Year Ended
	2011			2010			2009			2008			2007
Available earnings (loss):
Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes	$	132		$	520		$	(238	)	$	(2,301	)	$	97
Add: interest portion of rental expense	16			18			31			32			32
Deduct: undistributed earnings of equity affiliates and minority interest in income of subsidiaries	3			12			21			199			199
Available earnings (loss)	$	151		$	550		$	(186	)	$	(2,070	)	$	328
Fixed charges:
Interest expense incurred:
Weyerhaeuser Company and subsidiaries excluding Weyerhaeuser Real Estate Company and other related subsidiaries	$	361		$	401		$	457		$	466		$	564
Weyerhaeuser Real Estate Company and other related subsidiaries	24			28			35			60			65
Subtotal	385			429			492			526			629
Less: intercompany interest	(4		)	(4		)	(5		)	(15		)	(8		)
Total interest expense incurred	381			425			487			511			621
Amortization of debt expense	7			6			7			7			8
Interest portion of rental expense	16			18			31			32			32
Total fixed charges	$	404		$	449		$	525		$	550		$	661
Ratio of earnings to fixed charges				1.22
Coverage deficiency	$	253		$	—		$	711		$	2,620		$	333

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



DOLLAR AMOUNTS IN MILLIONS
	Year Ended
	2011			2010			2009			2008			2007
Available earnings (loss):
Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes	$	105		$	487		$	(311	)	$	(2,350	)	$	40
Add: interest portion of rental expense	13			15			24			23			22
Deduct: undistributed earnings of equity affiliates and minority interest in income of subsidiaries	2			10			17			41			173
Add (deduct): undistributed earnings (losses) before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries	(2		)	(41		)	303			1,422			(150		)
Add: dividends paid to Weyerhaeuser	—			—			—			—			—
Available earnings (loss)	$	118		$	471		$	33		$	(864	)	$	85
Fixed charges:
Interest expense incurred	$	361		$	401		$	457		$	466		$	564
Amortization of debt expense	7			6			7			7			8
Interest portion of rental expense	13			15			24			23			22
Total fixed charges	$	381		$	422		$	488		$	496		$	594
Ratio of earnings to fixed charges				1.12
Coverage deficiency	$	263		$	—		$	455		$	1,360		$	509