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Weyerhaeuser向2006年的净收入报告为2006年的3.95亿美元,或每次摊薄股份1.61美元,净销售额为219亿美元

Prnewswire-FirstCall.
联邦方式,洗。
2007年2月9日

Weyerhaeuser公司(纽约证券交易所)(纽约证券交易所代码:WY)今天报告了2006年3.95亿美元的净收入,或每次摊薄股份1.61美元,净销售额为219亿美元。这与7.33亿美元的净收入相比,2005年净销售额为2.9亿美元,2005年的净额为2.9亿美元。

(标识:http://www.newscom.com/cgi-bin/prnh/20040116/dygo -a.http://www.newscom.com/cgi-bin/prnh/20040116/dygo -b.

2006年第四季度,韦伊特·罗伊斯人报告了4.5亿美元的净收入,或每次摊薄股份1.88美元,净销售额为57亿美元。去年,Weyerhaeuser报告了第四季度净亏损2.11亿美元,或每次摊薄股份86美分,净销售额为57亿美元。

2006年第四季度的收益包括14周的业绩,而去年同期为13周,并包含以下税后项目:

- 为2007亿美元,或每股稀释股份为95美分,以退还在美国加拿大软木木材的反补贴和反倾销职责。- 从爱尔兰公司的综合小组资产销售,收益4300万美元,或每股18美分。- 用于3600万美元,或每次摊薄股份15美分,主要是与封闭设施相关的资产障碍和费用,主要是在木制品中。manbetx apk手机版- 为房地产资产减值,1300万美元,或每股5美分的费用。2005年第四季度的亏损包括以下税后项目: -  4.38亿美元,或每次摊薄股份1.78美元,主要是在精细纸张,纤维素纤维和容器板业务 -  3200万美元或13美元的费用每次摊薄股份,资产减值收费,包括与加州土地开发相关的收费。- 与诉讼结算有关的2500万美元,或每次稀释股份的10美分。- 损失1000万美元,或每次摊薄股份4美分,以便早日灭绝债务。- 在法国销售本公司的综合板资产上,收益3400万美元,或每股13美分。- 收入为2800万美元,或每股12美分,用于改变的累积效力,开始将Weyerhaeuser对Weyerhaeuser房地产公司资产的资产。

在2006年第四季度,韦伊赫队商购回了550万股共同股票。截至第四季度末,Weyerhaeuser已经回购了本公司董事会以前授权的1800万份购回购物的1100万股。

“这次过去的一年是持续动态变化的时候,因为我们采取措施进一步提高股东价值,”总裁兼首席执行官主席斯图文·罗格尔说。“这些努力包括我们的工作,以重新计算箱板包装和木制品,我们的两个主要部分。要集中我们的投资组合,我们签订了与Domtar结合的协议,并开始了实现这一目标的复杂过程manbetx apk手机版地标交易。作为我们的增长战略的一部分,我们扩大了我们的房地产业务,并在南美洲的时间增加了我们的林地地位。我们通过实施我们如何管理我们的供应链和继续迁移到单一信息的重大变化来继续提高效率。技术平台。虽然我们尚未完成许多这些努力的工作,但我们可能没有看到他们几个季度的全部好处,我们继续关注这些举措,尽管市场条件有挑战性,但我们仍将使我们的股东受益。“

Domtar交易

2月2日,Weyerhaeuser向其股东宣布了威尔赫时代股份的部分或全部股份的股份或全部股份的威尔赫·普通股(TSE:Wyl)的股票股票普通股。

该交易所预计将为美国联邦所得税的韦伊尔赫时代股股东提供免税。除非延长或终止,否则该报价将于3月2日在纽约市午夜12:00到期。

据以前宣布于8月23日,Weyerhaeuser和Domtar Inc.(纽约证券交易所:DTC)(TSE:DTC)签订了一个明确的协议,将Weyerhaeuser的精致纸业和相关资产与Domtar Inc.结合起来,形成Domtar公司,这将成为Domtar Corp.北美最大的优质纸生产商。

Weyerhaeuser与Securities和Exchange委员会提交的S-4和S-1的注册声明更充分地描述了交易所报价的条款和条件。

第四季度财务亮点数百万(每股数据除外)4Q 2006年4Q 2005年度变更(14周)(14周)净收入(亏损)$ 450($ 211)$ 450($ 211)$ 661收益(亏损)每次摊款$ 1.88(0.86美元)$ 2.88净销售额$ 5,655 $ 5,717($ 62)年度财务亮点数百万概要(每股数据除外)2006 2005年(53周)(53周)(52周)净收入$ 395 $ 733($ 338)每次摊薄收益$ 1.61 $ 2.98($ 1.37)净销售$ 21,896 $ 22,046(150美元)SEGMENT RESULTS FOR FOURTH QUARTER (Contributions to Pre-Tax Earnings) Millions 4Q 2006 4Q 2005 Change (14 weeks) (13 weeks) Timberlands $167 $183 ($16) Wood Products $110 $26 $84 Cellulose Fiber and White Papers $120 ($477) $597 Containerboard, Packaging and Recycling $71 ($188) $259 Real Estate and Related Assets $293 $250 $43 TIMBERLANDS 4Q 2006 3Q 2006 Change (14 weeks) (13 weeks) Contribution to pre-tax earnings (millions) $167 $178 ($11)

第四季度盈利从第三季度减少,主要是由于国内数量较低,主要是在西方。南部更高的收获量部分抵消了日志价格下降。由于西方业务的天气和削减业务,第四季度成本略高于与客户需求平衡收获。

Weyerhaeuser预计,与第四季度相比,该细分市场第一季度的收益将略低,这是因为对木材的需求降低,导致国内原木价格降低,以及南方的费用收获量降低。

manbetx apk手机版木制品4Q 2006年3Q 2006年(14周)(14周)(13周)对税前收入的贡献(百万美元)$ 110 $ 11 $ 99

不包括以下第三季度和第四季度,第四季度对盈利的贡献从第三季度下降1.4亿美元。

第四季度包括以下税前项目: - 退还344 00万美元的反倾销和反倾销职责,由加拿大软木伐木工人纠纷的解决。- 设施关闭和相关资产减值4800万美元的费用。第三季度包括以下内容: - 销售公司北美复合材料业务的5100万美元。-  2300万美元收入与硬盘索赔索赔的储备减少有关。- 有1700万美元的费用,用于与磨坊关闭和削减相关的固定资产减值。

住宅建筑的低迷,加上第四季度正常的季节性建筑放缓,导致木材产品的需求和价格大幅下降,从而导致收入下降。木材销售实现额平均比第三季度下降8%。加上销量下降,这一下降占该部门营业收入季度间下降的近一半。平均而言,定向刨花板的销售实现比第三季度下降17%,每周平均发货量下降3%。结构面板的这种变化占部门收益季度环比下降的25%。工程产品的发货量也有所下降。为了调整manbetx apk手机版经营以满足客户需求,Weyerhaeuser在本季度削减了70%的木制品生产设施。

Weyerhaeuser预计2007年第一季度市场状况的一些改善,但仍然希望在其木制品业务中经历重大损失。manbetx apk手机版Weyerhaeuser将继续平衡生产需求,可能导致进一步削减。

纤维素纤维和白皮书2006年第4季度2006年第3季度变化(14周)(13周)对税前收入的贡献(百万)$120$115$5

第四季度的精细纸张销售量在第三季度的每日依据保持不变,而平均销售实现下降3亿美元吨。纸浆销量和价格在第四季度提高。

由于原材料成本上升和能源成本季节性上涨,第四季度制造成本略有上升。运费和化工成本降低,加上加元部分走软的有利影响,部分抵消了较高的材料和能源成本。

Weyerhaeuser期望这一细分市场的第一季度市场状况将保持有利。该公司预计良好的纸张价格将保持相对不变,需求将加强。预计纸浆市场条件将改善并导致更强的价格。Weyerhaeuser期望计划完成宣布的Domtar交易,3月的第一周影响第一季度盈利。结束后,此交易将消除本段的美纸业务和某些相关纤维素纤维资产的收益。不包括转移到Domtar的资产,该分部在第四季度贡献了约4400万美元的收益。此外,Weyerhaeuser预计由于若干设施的预定年度维护中断而增加,将增加,这将以实际费用为基础而占用。

电容器板,包装和回收4Q 2006年3Q 2006年3季度(14周)(13周)(13周)对税前收入的贡献(百万美元)$ 71 $ 96(25美元)

第四季度盈利从第三季度减少,主要是由于在维护和现代化的包装设施支出的高度支出,并且在容器板磨机的季节性较高的天然气消耗。

由于对出口货件更高的实现,包装价格略有下降,电容器板价格增加。包装出货量在工作日略有下降,而电容器板出货量每天增加17%,出口市场发生强劲增长。在第四季度,Weyerhaeuser调整了ContainerBoard运营率以满足客户需求。

与第四季度相比,该公司预计第一季度盈利将略低。电容器板和包装的价格实现预计第一季度将增加。由于加州寒冷天气在农产品市场上的影响,Weyerhaeuser预计会包装出货量在工作日的基础上下降。OCC和木屑的价格从第四季度水平迅速增加。该公司预计其成本降低举措将部分抵消较低的包装货物和更高的纤维相关成本。

房地产及相关资产4Q 2006年3Q 2006年第2006年(14周)(14周)(13周)缴纳税前收益(百万美元)$ 293 $ 135 $ 158

第四季度收益包括销售土地,地段和公寓项目的约1.38亿美元。此外,与前一季度相比,第四季度收益从季节性增加的单一家庭住房闭合和更高的平均销售价格中受益。第四季度包括1900万美元的资产减值费用,而第三季度为1400万美元。

与第三季度相比,单家族家庭的新订单下降。在第四季度结束时销售的积压,但未结束,与一年前的五个月销量相比,第四季度大约是三个月的销售额。去年第四季度交通下降了29%。单家庭取消率为36%,2005年年底为22%。

Weyerhaeuser预计,第一季度房地产收益将比第四季度大幅下降。在本季度,Weyerhaeuser预计单户住宅关闭的季节性降低。短期内的折扣和销售优惠预计将影响房价和利润率。预计第一季度没有重大土地销售交易。

关于WEYERHAEUSER

Weyerhaeuser公司是世界上最大的综合林产品公司之一,于1900年注册成立。2006年,销售额为219亿美元。它在全球客户提供18个国家的办事处或运营。Weyerhaeuser主要从事木材的不断增长和收获;林产品的制造,分销和销售;和房地产建设,发展和相关活动。有关Weyerhaeuser的业务,产品和实践的其他信息//www.noirla.com/

盈利呼叫信息

该公司将于2月9日太平洋时间上午7点(东部时间上午10点)举行现场电话会议,讨论第四季度业绩。

要从北美内部访问电话会议,请在通话前至少15分钟拨打1-800-218-0530。来自北美外部的人应拨打1-303-262-2050。从北美内部的1-800-405-2236(访问代码 - 11080278#)和1-303-590-3000(访问代码 - 11080278#)的重播将提供一周的重播。

该电话正在通过Weyerhaeuser的网站进行网络广播,网址为http://investor.weyerhaeuser.com/点击“2006年Q4 2006盈利会议电话”链接。

该网络广播可通过汤姆森街事件网络向机构投资者和个人投资者提供。个人投资者可以在万博电竞http://www.fulldisclosure.com/,汤姆森的个人投资者门户,由街道提供动力。机构投资者可以通过汤森的密码万博电竞保护网站,街道(http://www.streetevents.com/)。

附加信息

本公告仅供参考,既不是出售要约,也不是购买任何证券的要约,也不是关于您是否应参与先前宣布的交换要约的建议。本次要约仅通过招股说明书、交易所要约和相关传递函进行。

万博电竞敦促投资者和股东阅读招股说明书,以交换展望,以及在进行任何投资决策之前,在证券交易委员会提交的任何其他相关文件,并在进行任何投资决策之前。Weyerhaeuser,Weyerhaeuser Company Limited,Domtar Inc.,Domtar Corporation或其各自的董事或官员中的任何一个建议您是否应参加交易所提议。您可以获得招股说明书的免费副本 - 提供由Weyerhaeuser或Domtar Corporation在www.sec.gov的证券和交换委员会提出的换货和其他相关文件。

前瞻性声明

本新闻稿载有关于公司未来结果和绩效的陈述,即在1995年私营证券诉讼改革法案的含义内的前瞻性陈述。这些前瞻性陈述中的一些涉及使用前瞻性术语作为“预期”,“愿”“愿意”,“”相信“,”应该“,”“大约”,“预期”,“估计,”和“计划”,“这些术语或类似术语的负面或其他变化或者通过讨论战略,计划或意图。特别是,这些前瞻性陈述中的一些涉及2007年第一季度公司市场的期望;预计2007年第一季度公司业务部门的盈利和绩效,2007年第一季度公司产品的需求和价格,2007年第一季度国内日志价格降低,南部南部的木材收费量较低2007年季度,与Domtar结束交易的时间;由于2007年第一季度,纤维素纤维和白纸业务的制造成本增加了纤维素纤维和白纸业务;由于加州天气对生产市场的影响,包装出货量的衰落;随着OCC和木屑的价格提高,对成本降低举措的期望以及相关事宜。此类陈述的准确性受到许多风险,不确定性和假设,可能导致实际结果与预计的实际结果不同,包括但不限于:

- 一般经济状况的影响,包括利率水平和住房的开始;- 公司对公司产品的需求,可能与各种美国商业领域的相对实力相关联;- 能源价格;- 原材料价格;- 化学价格;- 公司的制造业务的性能,包括意外的维护要求;- 成功执行内部绩效计划,包括降低成本举措;- 来自国内外生产商的竞争程度;- 林业,土地利用,环境和其他政府政策和法规的影响,以及会计法规的变化;- 天气的影响; -- The risk of loss from fires, floods, windstorms, hurricanes and other natural disasters; -- Transportation costs; -- Legal proceedings; -- The failure to obtain governmental approvals of the Domtar transaction on the proposed terms and schedule; the failure to obtain approval by shareholders and option holders of Domtar and a material adverse change in the business, assets, financial condition or results of operations of Domtar, or the portion of the Company's Cellulose Fiber and White Papers Business to be combined with Domtar; -- The effect of timing of retirements and changes in the market price of company stock on charges for stock-based compensation; and -- Performance of pension fund investments and related derivatives.

The company is also a large exporter and is affected by changes in economic activity in Europe and Asia, particularly Japan, and by changes in currency exchange rates, particularly the relative value of the U.S. dollar to the Euro and the Canadian dollar, and restrictions on international trade or tariffs imposed on imports. These and other factors could cause or contribute to actual results differing materially from such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will occur, or if any of them occurs, what effect they will have on the company's results of operations or financial condition. The company expressly declines any obligation to publicly revise any forward-looking statements that have been made to reflect the occurrence of events after the date of this news release.

有关更多信息联系人:Media  -  Bruce Amundson(253)924-3047分析师 -  Kathryn Mcauley(253)924-2058 Weyerhaeuser公司统计信息(未经审计)综合收益Q1 Q2 Q3(数百万)3月26日,6月25日,6月25日,2006年6月26日,9月24日,2006年9月24日2005 2005 2005 2005 2005 2005年2005年净销售和收入:Weyerhaeuser(1)$ 4,566 $ 4,577 $ 4,911 $ 5,017 $ 4,919 $ 4,836房地产和相关资产690 655 746 648 749 596总净销售和收入5,256 5,2325,657 5,665 5,328 5,328 5,432费用和费用:Weyerhaeuser:产品的成本已售(2)3,652 3,544 3,855 3,871 3,628 3,841折旧,耗尽和摊销306 316 305 319 305 320 320 320 323 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 116 32111 116 116/32116 316 319 305237 239研究和开发费用(3)16 14 15 12 23 18重组收费(4) -  5 18 4 4 2设施闭包的费用(5)1 5 17 3 43 29善意(6)746损伤(6)746  --  3  -   - 退款反补贴和反杜MPING职责 -   -   -   -   - 其他运营成本,净(2)(7)(8)31 9(23)(39)(34)(33)5,120 4,233 4,544 4,506 4,532 4,532房地产及相关资产:成本和运营费用(9)482 426 553 441 539 401折旧和摊销3 3 4 4 10 4销售费用37 34 43 36 44一般和行政费用30 24 35 25 28其他运营成本,净额(3) -  3(2)(2)(2)长寿资产损害 -   -  3  -  14  -  549 487 641 504 635 467总费用和费用5,669 4,720 5,185 5,010 4,964 4,999营业收入(413)512 472 655 364 433利息费用和其他:Weyerhaeuser:威尔霍夫用户:息息(10)(152)(196)(152)(149)(149)(193)较少:利息资本化(2)16  -  20 2 213利息收入和其他(11)19 27 15 20 17 143附属公司收入(亏损)的股权(12)3  -  6 4  -  2房地产和相关资产:令人利息费用(14)​​(14)(14)(14)(14))(14)(12)(12)(13)较少:利息资本化14 14 14 13 13利息收入和其他105 3(2)7 4股票的未掩盖实体收入(13)21 10 15 14 14 14收入(亏损)在所得税前继续行动(496)358 379 513 274 406所得税(费用)福利(14)(87)(125)(82)(225)(89)(119)持续行动的收益(亏损)(583)233 233 233 233 233 287 287收益(亏损)来自已停产的行动,税收净税(15)3 6 17226(2)净收入(亏损)$(580)$ 239 $ 314 $ 420 $ 211 $ 285基本净收入(损失)每股每股:持续运营$(2.37)$ 0.96 $ 1.20 $ 1.18 $ 0.75 $ 1.17已停产运行0.01 0.02 0.07 0.10(0.01)净收入(亏损)每股$(2.36)$ 0.98 $ 1.27 $ 1.72 $ 0.85 $ 1.16每股摊薄净收入(亏损):持续运营$(2.37)$ 0.96 $ 1.19 $ 1.17 $ 0.75 $ 1.17停产运行0.01 0.02 0.07 0.54 0.10(0.01)净收入(亏损) share $(2.36) $0.98 $1.26 $1.71 $0.85 $1.16 Dividends paid per share $0.50 $0.40 $0.50 $0.50 $0.60 $0.50 Weighted average shares outstanding (in thousands) Basic 245,794 242,863 248,147 244,702 247,428 245,009 Diluted 245,794 244,185 249,194 245,881 247,900 246,190 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) CONSOLIDATED EARNINGS Q4 Year-to-date (in millions) Dec. 31, Dec. 25, Dec. 31, Dec. 25, 2006 2005 2006 2005 Net sales and revenues: Weyerhaeuser (1) $4,505 $4,701 $18,561 $19,131 Real Estate and Related Assets 1,150 1,016 3,335 2,915 Total net sales and revenues 5,655 5,717 21,896 22,046 Costs and expenses: Weyerhaeuser: Costs of products sold (2) 3,665 3,877 14,800 15,133 Depreciation, depletion and amortization 331 326 1,247 1,281 Selling expenses 134 107 492 455 General and administrative expenses 266 224 990 907 Research and development expenses (3) 15 17 69 61 Charges for restructuring (4) -- 10 22 21 Charges for closure of facilities (5) 51 656 112 693 Impairment of goodwill (6) -- -- 749 -- Refund of countervailing and anti-dumping duties (344) -- (344) -- Other operating costs, net (2) (7)(8) (12) 19 (38) (44) 4,106 5,236 18,099 18,507 Real Estate and Related Assets: Costs and operating expenses (9) 764 678 2,338 1,946 Depreciation and amortization 8 5 25 16 Selling expenses 56 46 180 152 General and administrative expenses 29 28 124 105 Other operating costs, net (1) 1 (3) (3) Impairment of long-lived assets 19 33 36 33 875 791 2,700 2,249 Total costs and expenses 4,981 6,027 20,799 20,756 Operating income 674 (310) 1,097 1,290 Interest expense and other: Weyerhaeuser: Interest expense incurred (10) (162) (171) (615) (739) Less: interest capitalized (2) 28 54 85 59 Interest income and other (11) 19 24 70 214 Equity in income (loss) of affiliates (12) (2) (12) 7 (6) Real Estate and Related Assets: Interest expense incurred (15) (14) (55) (55) Less: interest capitalized 15 14 55 55 Interest income and other 10 5 30 12 Equity in income of unconsolidated entities (13) 8 20 58 57 Earnings (loss) from continuing operations before income taxes 575 (390) 732 887 Income tax (expense) benefit (14) (177) 151 (435) (318) Earnings (loss) from continuing operations 398 (239) 297 569 Earnings (loss) from discontinued operations, net of taxes (15) 52 28 98 164 Net earnings (loss) $450 $(211) $395 $733 Basic net earnings (loss) per share: Continuing operations $1.67 $(0.98) $1.21 $2.33 Discontinued operations 0.21 0.12 0.40 0.67 Net earnings (loss) per share $1.88 $(0.86) $1.61 $3.00 Diluted net earnings (loss) per share: Continuing operations $1.67 $(0.98) $1.21 $2.32 Discontinued operations 0.21 0.12 0.40 0.66 Net earnings (loss) per share $1.88 $(0.86) $1.61 $2.98 Dividends paid per share $0.60 $0.50 $2.20 $1.90 Weighted average shares outstanding (in thousands) Basic 238,824 245,215 244,931 244,447 Diluted 239,525 246,198 245,707 245,559 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONSOLIDATED EARNINGS (in millions) Q1 Q1 Q2 Q2 Q3 Q3 2006 2005 2006 2005 2006 2005 (1) Includes countervailing and anti-dumping duties and related costs: $11 $22 $10 $27 $7 $19 (2) In the fourth quarter of 2005, Weyerhaeuser began capitalizing interest on qualifying assets of Weyerhaeuser Real Estate Company (WRECO). These amounts are included in Weyerhaeuser capitalized interest. Weyerhaeuser cost of products sold includes amounts recognized to expense previously capitalized interest in connection with the sale of WRECO assets. The year-to-date 2005 amounts were recorded in the fourth quarter of 2005. The net cumulative effect for years prior to 2005 was recorded in Weyerhaeuser other operating costs, net. Weyerhaeuser results include the following related to capitalized interest on WRECO assets: Q1 Q1 Q2 Q2 Q3 Q3 2006 2005 2006 2005 2006 2005 Cost of products sold: $7 $-- $7 $-- $8 $-- Interest capitalized: (14) -- (15) -- (17) -- Other operating costs, net: -- -- -- -- -- -- $(7) $-- $(8) $-- $(9) $-- (3) The third quarter of 2006 includes a $9 million charge related to the acquisition of OrganicID, a research and development company. (4) The second quarter of 2006 includes an $18 million charge related to the restructuring of the Containerboard, Packaging and Recycling business model. (5) See detail of closure charges by segment on page 4. (6) The first and second quarters of 2006 include charges of $746 million and $3 million, respectively, for the impairment of goodwill associated with the fine paper business. Q1 Q1 Q2 Q2 Q3 Q3 2006 2005 2006 2005 2006 2005 (7) Includes net foreign exchange gains (losses), primarily from fluctuations in Canadian and New Zealand exchange rates: $(26) $13 $21 $(13) $17 $37 (8) The third quarter of 2006 includes $23 million of income related to a reduction of the reserve for hardboard siding claims and charges of $7 million for the impairment of fixed assets related to production curtailments. The first quarter of 2005 includes a $12 million charge related to the settlement of a linerboard antitrust lawsuit. The second quarter of 2005 includes an $18 million charge related to alder litigation and $57 million of income related to the recognition of a deferred gain from previous timberlands sales. The fourth quarter of 2005 includes a $38 million charge related to the settlement of linerboard antitrust litigation. (9) The first quarter of 2006 includes income of $8 million related to a warranty insurance recovery. (10) The third and fourth quarters of 2005 include charges of $21 million and $15 million, respectively, related to the early extinguishment of debt. (11) The third quarter of 2005 includes a $115 million gain on the sale of an investment in a joint venture. (12) The third quarter of 2006 includes a $2 million charge and the fourth quarter of 2005 includes a $15 million charge related to the impairment of investments in equity affiliates. (13) The first quarter of 2006 includes recognition of $9 million of deferred income in connection with partnership restructurings. (14) The second quarter of 2006 includes a one-time tax benefit of $48 million related to a change in Texas state income tax law, a reduction in the Canadian federal income tax rate and a deferred tax adjustment related to the Medicare Part D subsidy. The second quarter of 2005 includes a charge of $44 million related to the repatriation of $1.1 billion of eligible Canadian earnings under the provisions of the American Jobs Creation Act of 2004. The third quarter of 2005 includes a one-time tax benefit of $14 million related to a change in the Ohio state income tax law. (15) Discontinued operations includes the net operating results of the company's coastal British Columbia operations and its North American and European composites operations. The third quarter of 2006 includes a pretax gain of $51 million and related tax expense of $18 million associated with the sale of the North American composites operations and an $8 million charge to write off additional goodwill associated with the coastal British Columbia operations. The fourth quarter of 2006 includes a pretax gain of $45 million and related tax expense of $4 million associated with the sale of the Irish composites operations. The second quarter of 2005 includes a gain of $110 million, including a tax benefit of $46 million, related to the sale of the coastal British Columbia operations. The fourth quarter of 2005 includes a pretax gain of $57 million and related tax expense of $23 million associated with the sale of the French composites operations. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONSOLIDATED EARNINGS (in millions) Q4 Q4 Year-to-date 2006 2005 2006 2005 (1) Includes countervailing and anti-dumping duties and related costs: $-- $16 $28 $84 (2) In the fourth quarter of 2005, Weyerhaeuser began capitalizing interest on qualifying assets of Weyerhaeuser Real Estate Company (WRECO). These amounts are included in Weyerhaeuser capitalized interest. Weyerhaeuser cost of products sold includes amounts recognized to expense previously capitalized interest in connection with the sale of WRECO assets. The year-to-date 2005 amounts were recorded in the fourth quarter of 2005. The net cumulative effect for years prior to 2005 was recorded in Weyerhaeuser other operating costs, net. Weyerhaeuser results include the following related to capitalized interest on WRECO assets: Q4 Q4 Year-to-date 2006 2005 2006 2005 Cost of products sold: $13 $32 $35 $32 Interest capitalized: (22) (50) (68) (50) Other operating costs, net: -- (25) -- (25) $(9) $(43) $(33) $(43) (3) The third quarter of 2006 includes a $9 million charge related to the acquisition of OrganicID, a research and development company. (4) The second quarter of 2006 includes an $18 million charge related to the restructuring of the Containerboard, Packaging and Recycling business model. (5) See detail of closure charges by segment on page 4. (6) The first and second quarters of 2006 include charges of $746 million and $3 million, respectively, for the impairment of goodwill associated with the fine paper business. Q4 Q4 Year-to-date 2006 2005 2006 2005 (7) Includes net foreign exchange gains (losses), primarily from fluctuations in Canadian and New Zealand exchange rates: $16 $(21) $28 $16 (8) The third quarter of 2006 includes $23 million of income related to a reduction of the reserve for hardboard siding claims and charges of $7 million for the impairment of fixed assets related to production curtailments. The first quarter of 2005 includes a $12 million charge related to the settlement of a linerboard antitrust lawsuit. The second quarter of 2005 includes an $18 million charge related to alder litigation and $57 million of income related to the recognition of a deferred gain from previous timberlands sales. The fourth quarter of 2005 includes a $38 million charge related to the settlement of linerboard antitrust litigation. (9) The first quarter of 2006 includes income of $8 million related to a warranty insurance recovery. (10) The third and fourth quarters of 2005 include charges of $21 million and $15 million, respectively, related to the early extinguishment of debt. (11) The third quarter of 2005 includes a $115 million gain on the sale of an investment in a joint venture. (12) The third quarter of 2006 includes a $2 million charge and the fourth quarter of 2005 includes a $15 million charge related to the impairment of investments in equity affiliates. (13) The first quarter of 2006 includes recognition of $9 million of deferred income in connection with partnership restructurings. (14) The second quarter of 2006 includes a one-time tax benefit of $48 million related to a change in Texas state income tax law, a reduction in the Canadian federal income tax rate and a deferred tax adjustment related to the Medicare Part D subsidy. The second quarter of 2005 includes a charge of $44 million related to the repatriation of $1.1 billion of eligible Canadian earnings under the provisions of the American Jobs Creation Act of 2004. The third quarter of 2005 includes a one-time tax benefit of $14 million related to a change in the Ohio state income tax law. (15) Discontinued operations includes the net operating results of the company's coastal British Columbia operations and its North American and European composites operations. The third quarter of 2006 includes a pretax gain of $51 million and related tax expense of $18 million associated with the sale of the North American composites operations and an $8 million charge to write off additional goodwill associated with the coastal British Columbia operations. The fourth quarter of 2006 includes a pretax gain of $45 million and related tax expense of $4 million associated with the sale of the Irish composites operations. The second quarter of 2005 includes a gain of $110 million, including a tax benefit of $46 million, related to the sale of the coastal British Columbia operations. The fourth quarter of 2005 includes a pretax gain of $57 million and related tax expense of $23 million associated with the sale of the French composites operations. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Net sales and revenues (in millions): Q1 Q2 Q3 March March June June Sept. Sept. 26, 27, 25, 26, 24, 25, 2006 2005 2006 2005 2006 2005 Timberlands: Logs $201 $182 $198 $195 $200 $188 Other products 62 82 71 63 46 65 263 264 269 258 246 253 Wood Products: Softwood lumber 782 892 857 1,032 733 889 Plywood 135 183 147 196 134 184 Veneer 13 13 13 10 9 9 Composite panels 121 120 140 132 71 122 OSB 287 288 273 306 203 267 Hardwood lumber 99 94 105 102 96 95 Engineered I-Joists 169 150 202 202 162 186 Engineered Solid Section 204 179 231 228 190 226 Logs 7 27 5 24 5 6 Other products 256 270 327 340 302 325 2,073 2,216 2,300 2,572 1,905 2,309 Cellulose Fiber and White Papers: Pulp 394 376 402 355 404 381 Paper 613 599 601 611 604 604 Coated groundwood 40 42 44 47 42 45 Liquid packaging board 46 47 62 52 59 50 Other products 14 14 17 12 21 16 1,107 1,078 1,126 1,077 1,130 1,096 Containerboard, Packaging and Recycling: Containerboard 82 117 84 101 92 86 Packaging 911 898 1,002 969 997 929 Recycling 80 92 85 92 89 87 Bags 20 22 20 21 23 20 Other products 34 34 46 40 44 47 1,127 1,163 1,237 1,223 1,245 1,169 Real Estate and Related Assets 690 655 746 648 749 596 Corporate and Other 116 149 117 151 123 146 Less: sales of discontinued operations (120) (293) (138) (264) (70) (137) $5,256 $5,232 $5,657 $5,665 $5,328 $5,432 Contribution (charge) to pre-tax earnings: (in millions) Q1 Q2 Q3 March March June June Sept. Sept. 26, 27, 25, 26, 24, 25, 2006 2005 2006 2005 2006 2005 Timberlands (1) (2) (4) $198 $200 $224 $210 $178 $191 Wood Products (1) (2) (5) 117 131 131 204 11 124 Cellulose Fiber and White Papers (1) (2) (6) (763) 19 23 16 115 (2) Containerboard, Packaging and Recycling (1) (2) (7) 22 48 74 99 96 36 Real Estate and Related Assets (2) (8) 172 183 123 156 135 145 Corporate and Other (1) (2) (3) (9) (102) (17) (40) 99 (78) 101 $(356) $564 $535 $784 $457 $595 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Net sales and revenues (in millions): Q4 Year-to-date Dec. Dec. Dec. Dec. 31, 25, 31, 25, 2006 2005 2006 2005 Timberlands: Logs $182 $196 $781 $761 Other products 56 76 235 286 238 272 1,016 1,047 Wood Products: Softwood lumber 625 811 2,997 3,624 Plywood 113 172 529 735 Veneer 7 12 42 44 Composite panels 25 123 357 497 OSB 176 303 939 1,164 Hardwood lumber 98 99 398 390 Engineered I-Joists 137 166 670 704 Engineered Solid Section 169 200 794 833 Logs 6 5 23 62 Other products 268 290 1,153 1,225 1,624 2,181 7,902 9,278 Cellulose Fiber and White Papers: Pulp 457 370 1,657 1,482 Paper 652 603 2,470 2,417 Coated groundwood 45 46 171 180 Liquid packaging board 62 54 229 203 Other products 22 12 74 54 1,238 1,085 4,601 4,336 Containerboard, Packaging and Recycling: Containerboard 119 91 377 395 Packaging 1,021 914 3,931 3,710 Recycling 91 81 345 352 Bags 25 20 88 83 Other products 47 46 171 167 1,303 1,152 4,912 4,707 Real Estate and Related Assets 1,150 1,016 3,335 2,915 Corporate and Other 128 154 484 600 Less: sales of discontinued operations (26) (143) (354) (837) $5,655 $5,717 $21,896 $22,046 Contribution (charge) to pre-tax earnings: (in millions) Q4 Year-to-date Dec. Dec. Dec. Dec. 31, 25, 31, 25, 2006 2005 2006 2005 Timberlands (1) (2) (4) $167 $183 $767 $784 Wood Products (1) (2) (5) 110 26 369 485 Cellulose Fiber and White Papers (1) (2) (6) 120 (477) (505) (444) Containerboard, Packaging and Recycling (1) (2) (7) 71 (188) 263 (5) Real Estate and Related Assets (2) (8) 293 250 723 734 Corporate and Other (1) (2) (3) (9) (3) (17) (223) 166 $758 $(223) $1,394 $1,720 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONTRIBUTION (CHARGE) TO PRE-TAX EARNINGS (in millions) (1) Closure charges by segment: Q1 Q1 Q2 Q2 Q3 Q3 2006 2005 2006 2005 2006 2005 Timberlands $-- $3 $-- $-- $-- $-- Wood Products -- 1 1 1 10 6 Cellulose Fiber and White Papers (1) -- 11 -- 4 22 Containerboard, Packaging and Recycling 2 4 5 2 3 1 Corporate and Other -- -- -- -- 26 -- $1 $8 $17 $3 $43 $29 The above closure charges for the third quarter of 2006 includes a $26 million charge in the Corporate and Other segment for the impairment of corporate assets related to the Prince Albert pulp and paper facility. The first quarter and full year 2005 includes $3 million of costs incurred within the company's discontinued operations. (2) Share-based compensation charges Q1 Q1 Q2 Q2 Q3 Q3 (income) recognized by segment: 2006 2005 2006 2005 2006 2005 Timberlands $1 $-- $-- $-- $-- $-- Wood Products 2 -- -- -- -- -- Cellulose Fiber and White Papers 1 -- -- -- 1 -- Containerboard, Packaging and Recycling 2 -- (1) -- 1 -- Real Estate and Related Assets -- -- 2 -- -- -- Corporate and Other 15 2 (5) (6) 1 3 $21 $2 $(4) $(6) $3 $3 Q1 Q1 Q2 Q2 Q3 Q3 2006 2005 2006 2005 2006 2005 (3) Net foreign exchange gains (losses) included in Corporate and Other: $(26) $13 $20 $(12) $17 $38 (4) Additional Timberlands notes: (a) Hurricane related losses were $5 million in third quarter 2005 and $6 million in fourth quarter 2005. (5) Additional Wood Products notes: (a) Refer to footnote 1 to Consolidated Earnings on page 1 regarding countervailing duty and anti-dumping costs included in Wood Products. (b) The fourth quarter of 2006 includes $344 million of income from the refund of countervailing and anti-dumping duties. (c) The third quarter of 2006 includes $23 million of income related to a reduction of the reserves for hardboard siding claims. The second quarter of 2005 includes an $18 million charge related to alder litigation. The third quarter of 2005 includes $9 million of income related to the reduction of reserves for alder litigation and an insurance settlement related to product liability claims. (d) The third quarter of 2006 includes a $51 million gain on the sale of the company's North American composites operations. (e) The third quarter of 2006 includes charges of $7 million for the impairment of fixed assets related to production curtailments. (f) The second quarter of 2005 includes a $6 million gain related to a tenure reallocation agreement with the British Columbia government. (6) Additional Cellulose Fiber and White Papers notes: (a) The first and second quarters of 2006 include charges of $746 million and $3 million, respectively, for the impairment of goodwill associated with the fine paper business. (7) Additional Containerboard, Packaging and Recycling notes: (a) The second and third quarters of 2006 include charges of $18 million and $3 million, respectively, related to the restructuring of the Containerboard, Packaging and Recycling business model. (b) The first and fourth quarters of 2005 include charges of $12 million and $38 million, respectively, associated with the settlement of linerboard antitrust lawsuits. (c) The third quarter of 2005 had a charge of $1 million related to hurricane damage. (8) Additional Real Estate and Related Assets notes: (a) The first quarter of 2006 includes income of $8 million related to a warranty insurance recovery and income of $9 million related to recognition of deferred income in connection with partnership restructurings. (b) The first, second, third and fourth quarters of 2006 include net gains (losses) on land and lot sales of $33 million, ($1) million, $0, and $110 million, respectively, or $142 million year-to-date. The fourth quarter of 2006 includes a $28 million gain on the sale of an apartment building. The first, second, third and fourth quarters of 2005 include net gains (losses) on land and lot sales of $57 million, $21 million, ($1) and $2 million, respectively, or $79 million year-to-date. (c) The second, third, and fourth quarters of 2006 include charges for the impairment of assets of $3 million, $14 million, and $19 million, respectively, or $36 million year-to-date. The fourth quarter of 2005 includes a $33 million charge for the impairment of unimproved land. (9) Additional Corporate and Other notes: (a) The fourth quarter of 2006 includes a $45 million pretax gain on the sale of the company's Irish composites operations. The second quarter of 2005 includes a $64 million pretax gain on the sale of the company's operations in coastal British Columbia and $57 million of income related to the recognition of a deferred gain from previous timberlands sales. The third quarter of 2005 includes a $115 million gain on the sale of an investment in a joint venture. The fourth quarter of 2005 includes a $57 million gain on the sale of the company's French composites operations. (b) The third quarter of 2006 includes an $8 million charge to write off additional goodwill associated with the coastal British Columbia operations. (c) The third quarter of 2006 includes a $2 million charge and the fourth quarter of 2005 includes a $15 million charge related to the impairments of investments in equity affiliates. (d) The third quarter of 2006 includes a $9 million charge related to the acquisition of OrganicID, a research and development company. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONTRIBUTION (CHARGE) TO PRE-TAX EARNINGS (in millions) Q4 Q4 Year-to-date 2006 2005 2006 2005 (1) Closure charges by segment: Timberlands $1 $3 $1 $6 Wood Products 48 91 59 99 Cellulose Fiber and White Papers (2) 427 12 449 Containerboard, Packaging and Recycling 4 130 14 137 Corporate and Other -- 5 26 5 $51 $656 $112 $696 The above closure charges for the third quarter of 2006 includes a $26 million charge in the Corporate and Other segment for the impairment of corporate assets related to the Prince Albert pulp and paper facility. The first quarter and full year 2005 includes $3 million of costs incurred within the company's discontinued operations. Q4 Q4 Year-to-date 2006 2005 2006 2005 (2) Share-based compensation charges (income) recognized by segment: Timberlands $-- $-- $1 $-- Wood Products 1 -- 3 -- Cellulose Fiber and White Papers 1 -- 3 -- Containerboard, Packaging and Recycling -- -- 2 -- Real Estate and Related Assets -- -- 2 -- Corporate and Other 7 12 18 11 $9 $12 $29 $11 Q4 Q4 Year-to-date 2006 2005 2006 2005 (3) Net foreign exchange gains (losses) included in Corporate and Other: $14 $(20) $25 $19 (4) Additional Timberlands notes: (a) Hurricane related losses were $5 million in third quarter 2005 and $6 million in fourth quarter 2005. (5) Additional Wood Products notes: (a) Refer to footnote 1 to Consolidated Earnings on page 1 regarding countervailing duty and anti-dumping costs included in Wood Products. (b) The fourth quarter of 2006 includes $344 million of income from the refund of countervailing and anti-dumping duties. (c) The third quarter of 2006 includes $23 million of income related to a reduction of the reserves for hardboard siding claims. The second quarter of 2005 includes an $18 million charge related to alder litigation. The third quarter of 2005 includes $9 million of income related to the reduction of reserves for alder litigation and an insurance settlement related to product liability claims. (d) The third quarter of 2006 includes a $51 million gain on the sale of the company's North American composites operations. (e) The third quarter of 2006 includes charges of $7 million for the impairment of fixed assets related to production curtailments. (f) The second quarter of 2005 includes a $6 million gain related to a tenure reallocation agreement with the British Columbia government. (6) Additional Cellulose Fiber and White Papers notes: (a) The first and second quarters of 2006 include charges of $746 million and $3 million, respectively, for the impairment of goodwill associated with the fine paper business. (7) Additional Containerboard, Packaging and Recycling notes: (a) The second and third quarters of 2006 include charges of $18 million and $3 million, respectively, related to the restructuring of the Containerboard, Packaging and Recycling business model. (b) The first and fourth quarters of 2005 include charges of $12 million and $38 million, respectively, associated with the settlement of linerboard antitrust lawsuits. (c) The third quarter of 2005 had a charge of $1 million related to hurricane damage. (8) Additional Real Estate and Related Assets notes: (a) The first quarter of 2006 includes income of $8 million related to a warranty insurance recovery and income of $9 million related to recognition of deferred income in connection with partnership restructurings. (b) The first, second, third and fourth quarters of 2006 include net gains (losses) on land and lot sales of $33 million, ($1) million, $0, and $110 million, respectively, or $142 million year-to-date. The fourth quarter of 2006 includes a $28 million gain on the sale of an apartment building. The first, second, third and fourth quarters of 2005 include net gains (losses) on land and lot sales of $57 million, $21 million, ($1) and $2 million, respectively, or $79 million year-to-date. (c) The second, third, and fourth quarters of 2006 include charges for the impairment of assets of $3 million, $14 million, and $19 million, respectively, or $36 million year-to-date. The fourth quarter of 2005 includes a $33 million charge for the impairment of unimproved land. (9) Additional Corporate and Other notes: (a) The fourth quarter of 2006 includes a $45 million pretax gain on the sale of the company's Irish composites operations. The second quarter of 2005 includes a $64 million pretax gain on the sale of the company's operations in coastal British Columbia and $57 million of income related to the recognition of a deferred gain from previous timberlands sales. The third quarter of 2005 includes a $115 million gain on the sale of an investment in a joint venture. The fourth quarter of 2005 includes a $57 million gain on the sale of the company's French composites operations. (b) The third quarter of 2006 includes an $8 million charge to write off additional goodwill associated with the coastal British Columbia operations. (c) The third quarter of 2006 includes a $2 million charge and the fourth quarter of 2005 includes a $15 million charge related to the impairments of investments in equity affiliates. (d) The third quarter of 2006 includes a $9 million charge related to the acquisition of OrganicID, a research and development company. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Third party Q1 Q2 Q3 sales volumes: March 26, March 27, June 25, June 26, Sept. 24, Sept. 25, 2006 2005 2006 2005 2006 2005 Timberlands (thousands): Logs - cunits 935 864 808 863 850 886 Wood Products (millions): Softwood lumber - board feet 1,921 2,057 2,113 2,355 1,974 2,179 Plywood - square feet (3/8") 389 537 458 600 437 558 Veneer - square feet (3/8") 61 60 63 59 48 51 Composite panels - square feet (3/4") 302 299 324 317 139 308 Oriented strand board - square feet (3/8") 1,000 908 1,069 1,041 989 1,008 Hardwood lumber - board feet 103 102 110 114 100 105 Engineered I-Joists - lineal feet 114 108 137 138 110 125 Engineered Solid 1 Section - cubic feet 9 9 11 10 9 10 Logs - cunits (in thousands) 55 187 46 177 26 41 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 651 629 647 587 625 653 Paper - tons 753 736 662 742 641 757 Coated groundwood - tons 52 58 59 62 59 56 Liquid packaging board - tons 56 60 71 65 72 64 Paper converting - tons 511 475 474 494 462 494 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 211 295 189 259 202 238 Packaging - MSF 18,342 17,354 19,168 18,600 18,425 18,560 Recycling - tons 733 692 719 695 678 665 Kraft bags and sacks - tons 20 23 20 22 22 22 Real Estate and Related Assets: Single-family homes sold 1,472 1,378 1,325 1,525 906 1,608 Single-family homes closed 1,161 1,189 1,483 1,279 1,439 1,257 Single-family homes sold but not closed at end of period 3,105 2,561 2,947 2,807 2,414 3,158 Total Q1 Q2 Q3 production March 26, March 27, June 25, June 26, Sept. 24, Sept. 25, volumes 2006 2005 2006 2005 2006 2005 Timberlands (thousands): Fee Depletion - cunits 2,132 2,248 2,083 2,231 2,040 2,098 Wood Products (millions): Softwood lumber - board feet 1,663 1,821 1,650 1,869 1,559 1,651 Plywood - square feet (3/8") 241 303 245 302 237 296 Veneer - square feet (3/8") (1) 455 517 455 529 494 486 Composite panels - square feet (3/4") 278 267 288 282 100 268 Oriented strand board - square feet (3/8") 1,073 1,007 1,062 1,019 1,009 1,017 Hardwood lumber - board feet 82 92 83 96 82 91 Engineered I-Joists - lineal feet 121 133 136 132 130 108 Engineered Solid Section - cubic feet 11 11 12 10 10 10 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 676 621 588 614 660 663 Paper - tons (2) 724 763 672 752 675 765 Coated groundwood - tons 56 55 56 59 59 60 Liquid packaging board - tons 61 60 75 64 73 69 Paper converting - tons 498 475 461 487 485 483 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 1,575 1,503 1,533 1,581 1,544 1,597 Packaging - MSF 19,550 18,628 20,290 19,915 19,341 19,416 Recycling - tons (4) 1,716 1,624 1,684 1,673 1,641 1,716 Kraft bags and sacks - tons 19 23 20 22 18 21 (1) Veneer production represents lathe production and includes volumes that are further processed into plywood and engineered lumber products by company mills. (2) Paper production includes unprocessed rolls and converted paper volumes. (3) Containerboard production represents machine production and includes volumes that are further processed into packaging and kraft bags and sacks by company facilities. (4) Recycling production includes volumes processed in Weyerhaeuser recycling facilities that are consumed by company facilities and brokered volumes. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Third party Q4 Year-to-date sales volumes: Dec. 31, Dec. 25, Dec. 31, Dec. 25, 2006 2005 2006 2005 Timberlands (thousands): Logs - cunits 843 939 3,436 3,552 Wood Products (millions): Softwood lumber - board feet 1,863 2,059 7,871 8,650 Plywood - square feet (3/8") 379 485 1,663 2,180 Veneer - square feet (3/8") 43 61 215 231 Composite panels - square feet (3/4") 37 305 802 1,229 Oriented strand board - square feet (3/8") 1,038 991 4,096 3,948 Hardwood lumber - board feet 99 106 412 427 Engineered I-Joists - lineal feet 95 113 456 484 Engineered Solid Section - cubic feet 7 9 36 38 Logs - cunits (in thousands) 42 46 169 451 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 698 633 2,621 2,502 Paper - tons 693 761 2,749 2,996 Coated groundwood - tons 64 56 234 232 Liquid packaging board - tons 76 69 275 258 Paper converting - tons 485 501 1,932 1,964 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 254 254 856 1,046 Packaging - MSF 18,932 19,117 74,867 73,631 Recycling - tons 745 676 2,875 2,728 Kraft bags and sacks - tons 27 22 89 89 Real Estate and Related Assets: Single-family homes sold 838 1,174 4,541 5,685 Single-family homes closed 1,753 1,922 5,836 5,647 Single-family homes sold but not closed at end of period 1,499 2,410 1,499 2,410 Total Q4 Year-to-date production Dec. 31, Dec. 25, Dec. 31, Dec. 25, volumes: 2006 2005 2006 2005 Timberlands (thousands): Fee Depletion - cunits 2,195 2,153 8,450 8,730 Wood Products (millions): Softwood lumber - board feet 1,483 1,645 6,355 6,986 Plywood - square feet (3/8") 177 254 900 1,155 Veneer - square feet (3/8") (1) 335 447 1,739 1,979 Composite panels - square feet (3/4") 0 263 666 1,080 Oriented strand board - square feet (3/8") 1,022 1,035 4,166 4,078 Hardwood lumber - board feet 77 85 324 364 Engineered I-Joists - lineal feet 86 110 473 483 Engineered Solid Section - cubic feet 8 10 41 41 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 664 604 2,588 2,502 Paper - tons (2) 725 780 2,796 3,060 Coated groundwood - tons 59 60 230 234 Liquid packaging board - tons 73 71 282 264 Paper converting - tons 487 505 1,931 1,950 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 1,608 1,587 6,260 6,268 Packaging - MSF 20,670 20,130 79,851 78,089 Recycling - tons (4) 1,788 1,730 6,829 6,743 Kraft bags and sacks - tons 25 22 82 88 (1) Veneer production represents lathe production and includes volumes that are further processed into plywood and engineered lumber products by company mills. (2) Paper production includes unprocessed rolls and converted paper volumes. (3) Containerboard production represents machine production and includes volumes that are further processed into packaging and kraft bags and sacks by company facilities. (4) Recycling production includes volumes processed in Weyerhaeuser recycling facilities that are consumed by company facilities and brokered volumes. WEYERHAEUSER COMPANY STATISTICAL INFORMATION CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (in millions) March 26, June 25, Sept. 24, Dec. 31, Dec. 25, Assets 2006 2006 2006 2006 2005 Weyerhaeuser Current assets: Cash and short-term investments $105 $113 $114 $223 $818 Receivables, less allowances 1,807 1,920 1,816 1,569 1,707 Inventories 2,036 1,899 1,983 1,929 1,885 Prepaid expenses 433 427 440 437 414 Assets of discontinued operations 53 51 36 -- 52 Total current assets 4,434 4,410 4,389 4,158 4,876 Property and equipment 10,124 10,107 9,926 10,009 10,345 Construction in progress 640 607 640 407 527 Timber and timberlands at cost, less fee stumpage charged to disposals 3,702 3,696 3,665 3,682 3,705 Investments in and advances to equity affiliates 475 479 490 499 486 Goodwill 2,235 2,243 2,254 2,203 2,982 Deferred pension and other assets 1,284 1,303 1,265 1,400 1,314 Restricted assets held by special purpose entities 914 916 914 917 916 Non current assets of discontinued operations 169 168 52 171 23,977 23,929 23,595 23,275 25,322 Real Estate and Related Assets Cash and short-term investments 39 36 13 20 286 Receivables, less allowances 143 141 145 144 42 Real estate in process of development and for sale 1,341 1,590 1,636 1,449 1,055 Land being processed for development 1,298 1,282 1,355 1,365 1,037 Investments in unconsolidated entities, less reserves 60 66 74 72 61 Other assets 353 420 422 423 296 Assets not owned, consolidated under FIN 46R 170 154 132 151 130 3,404 3,689 3,777 3,624 2,907 Total assets $27,381 $27,618 $27,372 $26,899 $28,229 Liabilities and Shareholders' Interest Weyerhaeuser Current liabilities: Notes payable and commercial paper $1 $2 $222 $72 $3 Current maturities of long-term debt 693 551 492 494 381 Accounts payable 1,181 1,210 1,142 1,048 1,227 Accrued liabilities 1,252 1,326 1,098 1,515 1,622 Liabilities of business held for sale 19 15 14 -- 22 Total current liabilities 3,146 3,104 2,968 3,129 3,255 Long-term debt 6,938 7,075 7,082 7,069 7,404 Deferred income taxes 3,998 3,909 3,848 3,691 4,032 Deferred pension, other postretirement benefits and other liabilities 1,651 1,674 1,628 1,891 1,591 Liabilities (nonrecourse to Weyerhaeuser) held by special purpose entities 763 765 762 765 764 Non current liabilities of discontinued operations 3 4 4 3 16,499 16,531 16,292 16,545 17,049 Real Estate and Related Assets Notes payable and commercial paper 63 125 385 -- 3 Long-term debt 878 628 601 606 851 Other liabilities 568 707 766 606 417 Liabilities not owned, consolidated under FIN 46R 144 127 107 115 109 1,653 1,587 1,859 1,327 1,380 Total liabilities 18,152 18,118 18,151 17,872 18,429 Shareholders' interest 9,229 9,500 9,221 9,027 9,800 Total liabilities and shareholders' interest $27,381 $27,618 $27,372 $26,899 $28,229 STATEMENT OF CASH FLOWS SELECTED INFORMATION (unaudited) (in millions) Q1 Q2 Q3 March 26, March 27, June 25, June 26, Sept. 24, Sept. 25, 2006 2005 2006 2005 2006 2005 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $(209) $(203) $565 $723 $102 $452 Cash paid for property and equipment $(182) $(117) $(184) $(196) $(173) $(220) Cash paid for timberlands reforestation $(12) $(12) $(9) $(6) $(6) $(6) Cash received from issuances of debt $-- $-- $-- $1 $3 $-- Revolving credit facilities, notes and commercial paper borrowings, net $(68) $19 $19 $23 $195 $(40) Payments on debt $(158) $(404) $(10) $(206) $(58) $(986) Proceeds from the sale of operations $-- $-- $-- $1,107 $187 $-- Repurchases of common stock $-- $-- $-- $-- $(332) $-- STATEMENT OF CASH FLOWS SELECTED INFORMATION (unaudited) (in millions) Q4 Year-to-date Dec. 31, Dec. 25, Dec. 31, Dec. 25, 2006 2005 2006 2005 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $771 $648 $1,229 $1,620 Cash paid for property and equipment $(273) $(310) $(812) $(843) Cash paid for timberlands reforestation $(10) $(8) $(37) $(32) Cash received from issuances of debt $1 $172 $4 $173 Revolving credit facilities, notes and commercial paper borrowings, net $(95) $73 $51 $75 Payments on debt $(5) $(582) $(231) $(2,178) Proceeds from the sale of operations $86 $102 $273 $1,209 Repurchases of common stock $(340) $(11) $(672) $(11)
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