EXHIBIT 12
Weyerhaeuser Company and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
For the 13-week periods ended March 30, 2008 and April 1, 2007
(Dollar amounts in millions)
THIRTEEN WEEKS ENDED | ||||||||
MARCH 30, 2008 | APRIL 1, 2007 | |||||||
Available earnings: | ||||||||
Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes | $ | (243 | ) | $ | 18 | |||
Add: interest portion of rental expense | 11 | 11 | ||||||
Deduct: undistributed (earnings) loss of equity affiliates and minority interest in income of subsidiaries | 35 | (10 | ) | |||||
Available earnings (loss) | $ | (197 | ) | $ | 19 | |||
Fixed charges: | ||||||||
Interest expense incurred: | ||||||||
Weyerhaeuser Company and subsidiaries, excluding Weyerhaeuser Real Estate Company and other related subsidiaries | 130 | 128 | ||||||
Weyerhaeuser Real Estate Company and other related subsidiaries | 14 | 13 | ||||||
Subtotal | 144 | 141 | ||||||
Less: intercompany interest | (2 | ) | (1 | ) | ||||
Total interest expense incurred | 142 | 140 | ||||||
Amortization of debt expense | 2 | 3 | ||||||
Interest portion of rental expense | 11 | 11 | ||||||
Total fixed charges | $ | 155 | $ | 154 | ||||
Ratio of earnings to fixed charges | — | — | ||||||
Coverage deficiency | $ | (352 | ) | $ | (135 | ) | ||
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 13-week periods ended March 30, 2008 and April 1, 2007
(Dollar amounts in thousands)
THIRTEEN WEEKS ENDED | ||||||||
MARCH 30, 2008 | APRIL 1, 2007 | |||||||
Available earnings: | ||||||||
Earnings (loss) from continuing operations before interest expense, amortization of debt expense and income taxes | $ | (251 | ) | $ | 9 | |||
Add: interest portion of rental expense | 9 | 9 | ||||||
Deduct: undistributed loss of equity affiliates and minority interest in income of subsidiaries | 8 | 4 | ||||||
Deduct: undistributed (earnings) loss before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries | 74 | (57 | ) | |||||
Available loss | $ | (160 | ) | $ | (35 | ) | ||
Fixed charges: | ||||||||
Interest expense incurred | 130 | 128 | ||||||
Amortization of debt expense | 2 | 3 | ||||||
Interest portion of rental expense | 9 | 9 | ||||||
Total fixed charges | $ | 141 | $ | 140 | ||||
Ratio of earnings to fixed charges | — | — | ||||||
Coverage deficiency | $ | (301 | ) | $ | (175 | ) | ||