Weyerhaeuser公司（纽约证券交易所代码：WY）今天报告了第三季度净收入为2.85亿美元，或每次摊薄股份1.16美元，净销售额为56亿美元。这与5.94亿美元或2.45美元相比，2004年第三季度的净销售额为57亿美元。

（标识：http://www.newscom.com/cgi-bin/prnh/20040116/dygo -a.http://www.newscom.com/cgi-bin/prnh/20040116/dygo -b.) 2005年第三季度的收益包括下列税后项目:*出售合资企业MAS资本管理公司获得7500万美元的收益，或摊薄每股31美分。*为关闭设施收取1900万美元，或摊薄每股8美分的费用。*由于债务提前终止，公司损失1400万美元，或摊薄每股6美分。

此外，2005年第三季度的净收入包括1400万美元的一次性税收优惠，或每次摊薄股份6美分，与俄亥俄州国家所得税法的变化有关。

2004年第三季度收益包括以下税收税：*从格鲁吉亚的销售销售Timberlands的税收17900万美元，或74美分。*从与不列颠哥伦比亚省政府的任期重新分配协议，收益为1600万美元，或每股7美分。*由于硬盘申请索赔的储备书减少，*收益1300万美元，或每次摊薄股份的5美分。*与销售或关闭设施的摊款300万美元或3美分的费用。

“我们第三季度的业绩反映了我们在某些领域所面临的困难业务环境，”董事长、总裁兼首席执行官史蒂文·r·罗格尔(Steven R. Rogel)说。他说:“虽然最近的飓风没有对我们的业务造成重大影响，但我们预计风暴的余波会带来更高的能源、化学品和运输成本。这将给我们第四季度的业务带来额外压力。”

Rogel表示，该公司对其业务组合的战略审查导致了此前宣布的艾伯特普林邦和纸质工厂在加拿大宣布的无限期，以及两种设施的关闭 - 一家专业纸浆厂和一家大型锯木厂 - 在华盛顿。

“这些是第一个，但绝不是最后的步骤，”Rogel说。“我们将继续采取必要的行动使Weyerhaeuser成为一个更具竞争力的公司，并在将现金返回股东的同时产生更大的回报。为此，我们很高兴今天宣布董事会授权回购最多18届百万股，或7.4％的Weyerhaeuser的杰出普通股。“

第三季度财务亮点数百万（每股数据除外）2005年3季度2004年3季度2004年5月份净收入$ 285 $ 594（$ 309）每次摊薄收益股票$ 1.16 $ 2.45（$ 1.29）净销售$ 5,604 $ 5,679（$ 5,65）第三季度的分部结果：第三季度（预先捐款-tax收益）2005年3Q Q 2005年3Q 2004年3Q改变Timberlands $ 191 $ 450（$ 259）木制品$ 124 $ 3manbetx apk手机版62（$ 238）纤维素纤维和白色纸张（$ 2）$ 80（$ 82）CONTERION，包装和回收$ 36 $ 82（$ 46）房地产和相关资产$ 145 $ 155（10美元）讨论和展望由商业部门Timberlands 3Q 2005 2005年2Q 2005年2Q改变捐款（百万）$ 191 $ 210（$ 19）

第三季度收益从第二季度下降，由于伐木价格的较高燃料价格，与飓风卡里娜飓风飓风造成的木材损害有500万美元的税前费用。此外，第二季度结果包括英国哥伦比亚沿海业务的600万美元收益，该沿海业务于5月出售。

该部分预计第四季度收益低于第三季度，由于正常的季节性放缓，反映了西方利润下降，预计国内销售价格降低。出口日志市场预计将保持坚定。在南方，该部门预计第三季度的价格降价。由于飓风挽救行动，预计成本将增加。

manbetx apk手机版木制品2005 2005年2Q 2005年2Q改变收入贡献（百万美元）$ 124 $ 204（80美元）

从第二季度的收益主要从第二季度降低，主要是降低木材和面向股线的平均价格实现。第二季度收益包括与诉讼相关的税前费用1800万美元。

对建筑产品的需求在整个季度保持强劲。然而，现成的供应导致价格在本季度的头两个月下降。

尽管9月份飓风过后价格暂时上涨，但惠好木材和定向刨花板整个季度的平均价格都较低。木材变现每千平方英尺下降31美元，定向刨花板每千平方英尺下降30美元(3/8“基础)。工程产品的平均价格实现比第二季度增加，部分抵消了木材和定向刨花板的影响。飓风对这部分的总产量影响很小。

该分部在第三季度销往美国，加拿大软木木材的反倾销职责和有关成本，并在第三季度销往美国的反倾销职责和相关费用。第二季度。

第四季度预计第四季度的正常季节性放缓导致商品建设产品的价格和减少的装运卷。该部分还预计会突破能源，树脂和运输成本。因此，预计第四季度收入将遵循正常的季节性下降。此外，该部分将受到萨斯喀彻温省大河锯木厂相关的估计有效的2500万美元的税前费用。

2005年2Q 2005年3Q 2005年2季度的纤维素纤维和白纸将捐款（收费）变为收入（数百万美元）（$ 2）$ 16（$ 18）

部分盈利较第二季度有所下降，原因是第三季度的税前支出为2200万美元，主要与华盛顿州大都会酒店的关闭有关。、纸浆设施。

由于持续强劲的供应加上正常的季节性需求放缓，造纸级纸浆价格在本季度下降。绒毛纸浆价格保持相对稳定。由于北美对优质纸制品的需求减少，优质纸品价格下降。由于第三季度预计的维修停工减少，制造成本降低。加元走强以及运输、能源和原材料成本增加的负面影响部分抵消了成本下降的影响。

由于较低的纸张价格，季节性较低的货物和更高的运输，化学和能源成本，该公司预计第四季度结果将下降。此外，该部分将受到估计的350美元至3.75亿美元的3.75亿美元，与此前宣布的艾伯特纸浆和纸质工厂的无限期关闭，因为本公司在这一细分市场继续进行投资组合改善策略。

CONTAINERBOARD, PACKAGING AND RECYCLING 2005第三季度2005第二季度Change Contribution to earnings (million) $36 $99 ($63)

由于ContainerBoard和Boxes的价格降低，收益从第二季度水平降低，以及增加运输和能源成本。飓风对第三季度的第三季度的分部经营成果产生了最小的影响。

由于较早的箱板价格下降，由于箱板价格上涨的票价持续下降，该部门预计第四季度盈利将减少到近期休息时间甚至是甚至在休息时间上达到休息时间，箱子出货量和更高的能源成本，通过降低旧波纹容器的成本部分抵消。最近宣布的Contertable和盒子价格增加将不会在第四季度重大影响收益。

房地产及相关资产2005年第三季度2005年第二季度收入变动贡献(百万)$145 $156 ($11)

由于在德克萨斯州拉斯维加斯，飓风·丽塔在德克萨斯州飓风和较少的闭合闭合时，单独家庭闭合略有从第二季度略有下降。销售的房屋积压，但未关闭，增加，占六个月的销售额。

由于季节性更强的单一家庭关闭，该部分预计第四季度盈利将明显高于第三季度，其将超过2004年第四季度。

其他

该公司将于10月21日在10月21日举行一份现场电话会议电话（东部10 A.M.东部）讨论第三季度业绩。

要进入会议电话，来自北美的听众应该在会议开始前至少15分钟拨打1-888-221-5699。如果您想从北美以外的地区拨打电话，请拨打1-706-643-3795。通话结束后的一周内通话回放将可用，在北美地区可拨打1-800-642- 1687(接入码- 1384562)，在北美以外地区可拨打1-706-645-9291(接入码- 1384562)。

电话正在网络广播，可以通过Weyerhaeuser的互联网网站访问http://investor.weyerhaeuser.com/点击“2005年第三季度收益电话会议”链接。

此次网络直播还将通过汤姆森StreetEvents网络(Thomson StreetEvents Network)向机构和个人投资者分发。万博电竞个人投资者可以在万博电竞http://www.fulldisclosure.com/，Thomson / CCBN的个人投资者门户，由STREFEEVENTS提供动力。机构投资者可以通过Thoms万博电竞on的受密码保护的活动管理网站，STREFESEVENTS访问呼叫（http://www.streetevents.com/）。

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。2004年，销售额为227亿美元。它在19个国家设有办事处或运营，全球客户。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/。

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“期待”，“愿”，“”意志“，”相信“，”应该，“”大约“，”估计，“和”计划“，”和这些术语或类似术语的负面或其他变化或通过讨论战略，计划或意图。特别是，这些前瞻性陈述中的一些涉及第四季度公司市场的期望;公司在第四季度的业务细分市场的预期收益和表现，需求和定价公司产品在第四季度，原料，能源和运输成本，飓风挽救成本，四分之一的木材收获季节性放缓，设施关闭A.ND相关费用，新家庭销售及相关事宜。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效果;*市场需求对公司的产品，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;*公司的制造业务的表现;*成功执行内部绩效计划;*国内外生产商的竞争程度;*林业，土地利用，环境和其他政府法规的影响;*天气的影响;*火灾，洪水和其他自然灾害损失的风险; * Transportation costs; * Legal proceedings; 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, including the countervailing and anti-dumping duties imposed on the company's softwood lumber shipments from Canada to the United States. 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）综合盈利Q1 Q2 Q3（数百万）3月6月9月9月9月27日，28,26,25,25,26,22004 2005 2004 2005 2005 2004 2004 2004年销售和收入：Weyerhaeuser（1）$ 4,749 $ 4,442 $ 5,190 $ 5,088 $ 5,008 $ 5,088房地产和相关资产655 469 648 524 596 591总净销售和收入5,404 4,9115838倍5728 5604倍5679的成本和费用：惠好：产品成本出售3652 3432 3974 3790 3934 3758折旧，折耗及摊销325 317 326 318 329 316销售费用118 120 119 122 119 123管理费用223 239 218 233 236 226研究和开发费用14 12 1213 13 13除工资单和所得税之外的税收46 48 48 47 69 51融合和重组的收费5 15 15 4 13 2 8设施的收费5 4 3  -  29 13其他运营成本，净（2）（3）9 17（40）43（147）（300）4,397 4,204 4,364 4,579 4,589 4,208房地产和相关资产：成本和运营费用426 321 441 381 401 414折旧和摊销3 2 4 4 4 4 43销售费用33 27 36 31 31一般和行政费用24 17 27 27 27 19 27税务以外的工资单和所得税，1 1  -  1 1其他运营成本，净 -  1（2）1（2）（19）487 369 504 435 467 449总费用和费用4,884 4,573 5,168 5,014 5,056 4,657营业收入520 338 670 714 548 1,022利息费用和其他：韦伊赫荷人：威尔霍夫斯：息兑费（4）（196）（195）（179）（218）（218）（193）（184）资本利益较少 -  3 2 1 3 0附属公司收入的权益 -   -  4 7 2 4利息收入和其他27 3 20 5 28 7房地产和相关资产：令人利息费用（14）（15）（14）（14）（14）（13）（14）利息，资本资本化14 15 14 14 14未核化实体收入的权益10 9 13 20 14 12利息收入和其他5 11（2）9 4 1收益是前所得税366 169 528 538 406 862所得税（5）（128）（57）（229）（183）（120）（293）收入持续经营从停止操作238个112 299 355 286 569收入的净税收，（6）1 9 121 14（1）25净收入$ 239 $ 121 $ 420 $ 369 $ 285 $ 420 $ 369 $ 285 $ 594每股基本净收入：持续运营$ 0.98 $ 0.50 $ 1.23 $ 1.51 $ 1.16 $ 2.03 $ 1.51 $ 1.16 $ 2.36已停产运营 -  0.04 0.06  -  0.10净收入每股$ 0.98 $ 0.54 $ 1.72每股$ 1.57 $ 1.16 $ 2.46摊薄净收益：持续经营收益$ 0.98 $ $ 0.50 1.22 $ 1.51 $ 1.16 $ 2.35终止经营 -  0.04 0.49 0.06  - 每股0.10净盈余$ 0.98 $ 0.54 $ 1.71 $ 1.57每股支付$ 1.16 $ 2.45的股息$ $ 0.40 $ 0.40 $ 0.50 $ 0.40 $ 0.50 0.40加权平均股出色（成千上万）基本242,863 223,728 244,702 234,494 245,009 234,494 245,009 241,494 245,009 241,621 245,009 241,621稀释244,185 225,072 245,881 235,475 245,881 235,475 246,190 242,649 245,881 235,475 245,881 235,475 246,190 242,649年度综合收益年度至日期（数百万）9月25日，12月26日，12月26日。 26, 2005 2004 2004 2004 Net sales and revenues: Weyerhaeuser (1) $14,947 $14,734 $4,804 $19,538 Real Estate and Related Assets 1,899 1,584 911 2,495 Total net sales and revenues 16,846 16,318 5,715 22,033 Costs and expenses: Weyerhaeuser: Costs of products sold 11,560 10,980 3,735 14,715 Depreciation, depletion and amortiz........ 980 951 320 1,271 Selling expenses 356 365 119 484 General and administrative expenses 677 698 247 945 Research and development expenses 44 38 17 55 Taxes other than payroll and income taxes 163 146 48 194 Charges for integration and restructuring 11 36 3 39 Charges for closure of facilities 37 17 0 17 Other operating costs, net (2) (3) (178) (240) 36 (204) 13,650 12,991 4,525 17,516 Real Estate and Related Assets: Costs and operating expenses 1,268 1,116 647 1,763 Depreciation and amortization 11 9 5 14 Selling expenses 105 88 37 125 General and administrative expenses 76 55 26 81 Taxes other than payroll and income taxes 2 2 0 2 Other operating costs, net (4) (17) 0 (17) 1,458 1,253 715 1,968 Total costs and expenses 15,108 14,244 5,240 19,484 Operating income 1,738 2,074 475 2,549 Interest expense and other: Weyerhaeuser: Interest expense incurred (4) (568) (597) (241) (838) Less interest capitalized 5 4 5 9 Equity in income of affiliates 6 11 3 14 Interest income and other 75 15 9 24 Real Estate and Related Assets: Interest expense incurred (41) (43) (14) (57) Less interest capitalized 41 43 14 57 Equity in income of unconsolidated entities 37 41 11 52 Interest income and other 7 21 10 31 Earnings before income taxes 1,300 1,569 272 1,841 Income taxes (5) (477) (533) (94) (627) Earnings from continuing operations 823 1,036 178 1,214 Earnings from discontinued operations, net of taxes (6) 121 48 21 69 Net earnings $944 $1,084 $199 $1,283 Basic net earnings per share: Continuing operations $3.36 $4.45 $0.73 $5.16 Discontinued operations 0.50 0.20 0.09 0.29 Net earnings per share $3.86 $4.65 $0.82 $5.45 Diluted net earnings per share: Continuing operations $3.36 $4.42 $0.73 $5.14 Discontinued operations 0.49 0.20 0.09 0.29 Net earnings per share $3.85 $4.62 $0.82 $5.43 Dividends paid per share $1.40 $1.20 $0.40 $1.60 Weighted average shares outstanding (in thousands) Basic 244,191 233,281 242,114 235,453 Diluted 245,354 234,356 243,472 236,546 (1) The first, second and third quarters of 2005 include charges of $22 million, $27 million and $19 million, respectively, or $68 million year-to-date, for countervailing and anti-dumping duties and related costs. The first, second, third and fourth quarters of 2004 include charges of $26 million, $34 million, $31 million and $27 million, respectively, or $118 million year-to-date, for countervailing and anti-dumping duties and related costs. (2) The first, second and third quarters of 2005 include net foreign exchange gains (losses) of $13 million, ($13) million and $37 million, respectively, for a year-to-date net gain $37 million. The first, second, third and fourth quarters of 2004 include net foreign exchange gains (losses) of ($9) million, ($7) million, $16 million and $27 million, respectively, for a total year-to-date net gain of $27 million. These gains and losses result primarily from fluctuations in Canadian and New Zealand exchange rates. (3) The first quarter of 2005 includes a $12 million charge for 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 third quarter of 2005 includes a $115 million gain on the sale of an investment in a joint venture. The first quarter of 2004 includes a $49 million charge for the settlement of lawsuits involving the market for Pacific Northwest alder logs and a $33 million gain on the sale of an oriented strand board mill in Slave Lake, Alberta. The second quarter of 2004 includes a $16 million charge resulting from an adverse judgment in a lawsuit involving the market for Pacific Northwest alder logs. The third quarter of 2004 includes a $271 million gain on the sale of timberlands in Georgia, a $25 million gain from a tenure reallocation agreement with the British Columbia government, and a $20 million gain due to the reduction of the reserve for hardboard siding claims. The fourth quarter of 2004 includes a net gain of $36 million on the sale of facilities, and charges of $29 million for the impairment of assets in the company's European manufacturing operations, $24 million recognized in connection with a change in the method of estimating workers' compensation liabilities and $23 million for the net book value of technology donated to a university. (4) The third quarter of 2005 includes a charge of $21 million for the early extinguishment of debt. The second and fourth quarters of 2004 include charges of $21 million and $52 million, respectively, for the early extinguishment of debt. (5) 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. (6) Includes the net operating results of the company's operations in coastal British Columbia. The second quarter of 2005 also includes a gain of $110 million, including a tax benefit of $46 million, related to the sale of these operations. The third quarter of 2005 includes a $1 million charge related to the termination of pension plans associated with these operations. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Net sales and revenues (in millions): Q1 Q2 Q3 March March June June Sept. Sept. 27, 28, 26, 27, 25, 26, 2005 2004 2005 2004 2005 2004 Timberlands: Logs $182 $193 $195 $211 $188 $197 Other products 82 58 63 66 65 51 264 251 258 277 253 248 Wood Products: Softwood lumber 892 819 1,032 1,106 889 1,089 Plywood 183 221 196 263 184 237 Veneer 13 11 10 12 9 11 Composite panels 120 108 132 133 122 138 OSB 288 338 306 456 267 341 Hardwood lumber 94 90 102 100 95 89 Engineered I-Joists 160 134 213 178 202 189 Engineered Solid Section 190 148 241 194 244 203 Logs 27 23 24 38 6 32 Other products 272 255 339 312 326 315 2,239 2,147 2,595 2,792 2,344 2,644 Cellulose Fiber and White Papers: Pulp 376 339 355 371 381 381 Paper 599 535 611 538 604 583 Coated groundwood 42 36 47 37 45 39 Liquid packaging board 47 49 52 53 50 53 Other products 14 10 12 13 16 15 1,078 969 1,077 1,012 1,096 1,071 Containerboard, Packaging and Recycling: Containerboard 117 81 101 80 86 94 Packaging 898 853 969 918 929 916 Recycling 92 80 92 91 87 87 Bags 22 19 21 18 20 20 Other products 34 33 40 34 47 43 1,163 1,066 1,223 1,141 1,169 1,160 Real Estate and Related Assets 655 469 648 524 596 591 Corporate and Other 149 135 151 147 146 135 Less sales of discontinued operations (144) (126) (114) (165) -- (170) $5,404 $4,911 $5,838 $5,728 $5,604 $5,679 Contribution (charge) to earnings: Q1 Q2 Q3 (in millions) March March June June Sept. Sept. 27, 28, 26, 27, 25, 26, 2005 2004 2005 2004 2005 2004 Timberlands (1) (2) $200 $159 $210 $201 $191 $450 Wood Products (3) (4) (5) (6) 131 173 204 448 124 362 Cellulose Fiber and White Papers (7) 19 (25) 16 14 (2) 80 Containerboard, Packaging and Recycling (8) (9) 48 24 99 62 36 82 Real Estate and Related Assets (10) 183 120 156 118 145 155 Corporate and Other (11) (12) (13) (17) (76) 99 (67) 101 (45) $564 $375 $784 $776 $595 $1,084 Year-to- Net sales and revenues (in millions): Year-to-date Q4 date Sept. 25, Sept. 26, Dec. 26, Dec. 26, 2005 2004 2004 2004 Timberlands: Logs $565 $601 $221 $822 Other products 210 175 105 280 775 776 326 1,102 Wood Products: Softwood lumber 2,813 3,014 901 3,915 Plywood 563 721 208 929 Veneer 32 34 10 44 Composite panels 374 379 122 501 OSB 861 1,135 255 1,390 Hardwood lumber 291 279 86 365 Engineered I-Joists 575 501 177 678 Engineered Solid Section 675 545 189 734 Logs 57 93 32 125 Other products 937 882 280 1,162 7,178 7,583 2,260 9,843 Cellulose Fiber and White Papers: Pulp 1,112 1,091 380 1,471 Paper 1,814 1,656 570 2,226 Coated groundwood 134 112 44 156 Liquid packaging board 149 155 53 208 Other products 42 38 16 54 3,251 3,052 1,063 4,115 Containerboard, Packaging and Recycling: Containerboard 304 255 113 368 Packaging 2,796 2,687 897 3,584 Recycling 271 258 89 347 Bags 63 57 23 80 Other products 121 110 46 156 3,555 3,367 1,168 4,535 Real Estate and Related Assets 1,899 1,584 911 2,495 Corporate and Other 446 417 158 575 Less sales of discontinued operations (258) (461) (171) (632) $16,846 $16,318 $5,715 $22,033 Contribution (charge) to earnings: Year-to- (in millions) Q4 date Sept. 25, Sept. 26, Dec. 26, Dec. 26, 2005 2004 2004 2004 Timberlands (1) (2) $601 $810 $217 $1,027 Wood Products (3) (4) (5) (6) 459 983 72 1,055 Cellulose Fiber and White Papers (7) 33 69 35 104 Containerboard, Packaging and Recycling (8) (9) 183 168 81 249 Real Estate and Related Assets (10) 484 393 217 610 Corporate and Other (11) (12) (13) 183 (188) (83) (271) $1,943 $2,235 $539 $2,774 (1) The 2004 third quarter includes a $271 million gain on the sale of timberlands in Georgia and a $5 million gain from a tenure reallocation agreement with the British Columbia government. (2) The first quarter of 2005 includes $3 million of charges for the closure of facilities. The third quarter of 2005 includes a $5 million loss related to hurricane damage. (3) The first, second and third quarters of 2005 include charges of $22 million, $27 million and $19 million, respectively, or $68 million year-to-date, for countervailing and anti-dumping duties and related costs. The first, second, third and fourth quarters of 2004 include charges of $26 million, $34 million, $31 million and $27 million, respectively, or $118 million year-to-date, for countervailing and anti-dumping duties and related costs. (4) 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. The first quarter of 2004 includes a $49 million charge for the settlement of lawsuits involving the market for Pacific Northwest alder logs. The second quarter of 2004 includes a $16 million charge resulting from an adverse judgment in a lawsuit involving the market for Pacific Northwest alder logs. The third quarter of 2004 includes a $20 million gain due to the reduction of the reserve for hardboard siding claims. (5) The second quarter of 2005 includes a $6 million gain related to a tenure reallocation agreement with the British Columbia government. The third quarter of 2004 includes a $20 million gain from a tenure reallocation agreement with the British Columbia government. (6) The first, second and third quarters of 2005 include charges of $1 million, $1 million and $6 million, respectively, associated with the sale or closure of facilities. The first quarter of 2004 includes a credit of $2 million for the reversal of closure costs accrued in prior years and a $33 million gain on the sale of an oriented strand board mill in Slave Lake, Alberta. The second quarter of 2004 includes a $5 million net loss on the sale of facilities. The third quarter of 2004 includes a $2 million net gain on the sale or closure of facilities. The fourth quarter of 2004 includes charges of $3 million for the closure of facilities and a gain of $36 million on the sale of facilities. (7) The third quarter of 2005 includes net charges of $22 million related to facility closures. The second quarter of 2004 includes a $2 million asset impairment charge related to assets held for sale. (8) The first quarter of 2005 includes a $12 million charge associated with the settlement of a linerboard antitrust lawsuit. The third quarter of 2005 includes a $1 million loss related to hurricane damage. (9) The first, second and third quarters of 2005 include charges of $4 million, $2 million and $1 million, respectively, for the closure of facilities. The first quarter of 2004 includes closure costs of $3 million. The second quarter of 2004 includes a net gain of $1 million on the sales of a facility and a joint venture investment. The third quarter of 2004 includes closure costs of $12 million, including a pension termination charge of $9 million related to a closure that occurred in a previous year. The fourth quarter of 2004 includes a credit of $3 million for the reversal of closure costs accrued in prior years. (10) The first, second and third quarters of 2005 include net gains (losses) on land and lot sales of $57 million, $21 million and ($1) million, respectively. The first quarter of 2004 includes a $22 million gain on a land sale. The third quarter of 2004 includes a gain of $18 million on the sale of a multi-family site. The fourth quarter of 2004 includes a $24 million net gain on land and lot sales. (11) 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 2004 includes a $7 million gain for the settlement of an insurance claim relating to the Cemwood litigation. (12) The fourth quarter of 2004 includes charges of $29 million for the impairment of assets in the company's European manufacturing operations, $24 million recognized in connection with a change in the method of estimating workers' compensation liabilities and $23 million for the net book value of technology donated to a university. (13) The first, second and third quarters of 2005 include net foreign exchange gains (losses) of $13 million, ($12) million and $38 million, respectively, for a year-to-date net gain of $39 million. The first, second, third and fourth quarters of 2004 include net foreign exchange gains (losses) of ($10) million, ($6) million, $16 million and $26 million, respectively, for a $26 million net gain year-to-date. These gains and losses result primarily from fluctuations in Canadian and New Zealand exchange rates. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Third party sales volumes: Q1 Q2 Q3 March March June June Sept. Sept. 27, 28, 26, 27, 25, 26, 2005 2004 2005 2004 2005 2004 Timberlands (thousands): Logs - cunits 864 1,044 863 954 886 904 Wood Products (millions): Softwood lumber - board feet 2,057 2,054 2,355 2,393 2,179 2,299 Plywood - square feet (3/8") 537 642 600 668 558 672 Veneer - square feet (3/8") 60 55 59 60 51 55 Composite panels - square feet (3/4") 299 301 317 324 308 315 Oriented strand board - square feet (3/8") 908 981 1,041 1,143 1,008 1,078 Hardwood lumber - board feet 102 103 114 117 105 102 Engineered I-Joists - LF 108 108 138 132 125 133 Engineered Solid Section - CF 9 8 10 10 10 10 Logs - cunits (in thousands) 187 170 177 279 41 237 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 629 624 587 642 653 633 Paper - tons 736 741 742 718 757 737 Coated groundwood - tons 58 59 62 61 56 60 Liquid packaging board - tons 60 66 65 72 64 69 Paper converting - tons - Restated 2005.2 excluding rolls 475 467 494 459 494 470 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 295 250 259 221 238 245 Packaging - MSF 17,354 18,146 18,600 18,917 18,560 18,287 Recycling - tons 692 678 695 701 665 645 Kraft bags and sacks - tons 23 24 22 23 22 23 Real Estate and Related Assets: Single-family homes sold 1,378 1,506 1,525 1,564 1,608 1,313 Single-family homes closed 1,189 1,065 1,279 1,216 1,257 1,345 Single-family homes sold but not closed at end of period 2,561 2,702 2,807 3,050 3,158 3,018 Total production volumes: Q1 Q2 Q3 March March June June Sept. Sept. 27, 28, 26, 27, 25, 26, 2005 2004 2005 2004 2005 2004 Timberlands (thousands): Fee Depletion - cunits 2,248 2,265 2,231 2,404 2,098 2,189 Wood Products (millions): Softwood lumber - board feet 1,821 1,760 1,869 1,881 1,651 1,819 Plywood - square feet (3/8") 303 422 302 405 296 405 Veneer - square feet (3/8") (1) 517 585 529 609 486 592 Composite panels - square feet (3/4") 267 268 282 281 268 272 Oriented strand board - square feet (3/8") 1,007 1,031 1,019 1,056 1,017 1,022 Hardwood lumber - board feet 92 89 96 96 91 84 Engineered I-Joists - LF 133 110 132 124 108 136 Engineered Solid Section - CF 11 9 10 11 10 11 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 621 619 614 636 663 652 Paper - tons (2) 763 743 752 736 765 766 Coated groundwood - tons 55 55 59 61 60 62 Liquid packaging board - tons 60 61 64 67 69 71 Paper converting - tons - Restated 2005.2 excluding rolls 475 460 487 442 483 471 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 1,503 1,503 1,581 1,598 1,597 1,604 Packaging - MSF 18,628 19,493 19,915 20,208 19,416 19,473 Recycling - tons (4) 1,624 1,607 1,673 1,707 1,716 1,703 Kraft bags and sacks - tons 23 24 22 23 21 23 Year-to- Third party sales volumes: Year-to-date Q4 date Sept. 25, Sept. 26, Dec. 26, Dec. 26, 2005 2004 2004 2004 Timberlands (thousands): Logs - cunits 2,613 2,902 1,018 3,920 Wood Products (millions): Softwood lumber - board feet 6,591 6,746 2,144 8,890 Plywood - square feet (3/8") 1,695 1,982 647 2,629 Veneer - square feet (3/8") 170 170 55 225 Composite panels - square feet (3/4") 924 940 294 1,234 Oriented strand board - square feet (3/8") 2,957 3,202 1,011 4,213 Hardwood lumber - board feet 321 322 95 417 Engineered I-Joists - LF 371 373 123 496 Engineered Solid Section - CF 29 28 9 37 Logs - cunits (in thousands) 405 686 248 934 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 1,869 1,899 659 2,558 Paper - tons 2,235 2,196 680 2,876 Coated groundwood - tons 176 180 63 243 Liquid packaging board - tons 189 207 69 276 Paper converting - tons - Restated 2005.2 excluding rolls 1,463 1,396 443 1,839 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 792 716 285 1,001 Packaging - MSF 54,514 55,350 17,535 72,885 Recycling - tons 2,052 2,024 670 2,694 Kraft bags and sacks - tons 67 70 25 95 Real Estate and Related Assets: Single-family homes sold 4,511 4,383 992 5,375 Single-family homes closed 3,725 3,626 1,638 5,264 Single-family homes sold but not closed at end of period 3,158 3,018 2,372 2,372 Total production volumes: Year-to- Year-to-date Q4 date Sept. 25, Sept. 26, Dec. 26, Dec. 26, 2005 2004 2004 2004 Timberlands (thousands): Fee Depletion - cunits 6,577 6,858 2,155 9,013 Wood Products (millions): Softwood lumber - board feet 5,341 5,460 1,727 7,187 Plywood - square feet (3/8") 901 1,232 396 1,628 Veneer - square feet (3/8") (1) 1,532 1,786 600 2,386 Composite panels - square feet (3/4") 817 821 245 1,066 Oriented strand board - square feet (3/8") 3,043 3,109 972 4,081 Hardwood lumber - board feet 279 269 80 349 Engineered I-Joists - LF 373 370 134 504 Engineered Solid Section - CF 31 31 10 42 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 1,898 1,907 639 2,546 Paper - tons (2) 2,280 2,245 761 3,006 Coated groundwood - tons 174 178 62 240 Liquid packaging board - tons 193 199 67 266 Paper converting - tons - Restated 2005.2 excluding rolls 1,445 1,373 465 1,838 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 4,681 4,705 1,586 6,291 Packaging - MSF 57,959 59,174 18,648 77,822 Recycling - tons (4) 5,013 5,017 1,701 6,718 Kraft bags and sacks - tons 66 70 24 94 (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 SHEET (unaudited) (in millions) March 27, June 26, Sept. 25, Dec. 26, Assets 2005 2005 2005 2004 Weyerhaeuser Current assets: Cash and short-term investments $402 $1,704 $885 $1,044 Receivables, less allowances 1,840 2,008 1,966 1,558 Inventories 2,122 2,018 1,992 1,891 Prepaid expenses 634 612 581 592 Assets of business held for sale 1,119 -- -- 1,129 Total current assets 6,117 6,342 5,424 6,214 Property and equipment 11,447 11,175 11,093 11,672 Construction in progress 324 451 544 268 Timber and timberlands at cost, less fee stumpage charged to disposals 3,712 3,709 3,690 3,733 Investments in and advances to equity affiliates 491 495 496 489 Goodwill 2,997 2,977 2,989 2,996 Deferred pension and other assets 1,197 1,249 1,309 1,201 Restricted assets held by special purpose entities 914 916 914 909 27,199 27,314 26,459 27,482 Real Estate and Related Assets Cash and short-term investments 5 11 4 153 Receivables, less allowances 60 57 49 43 Real estate and land for sale and development 2,083 2,333 2,288 1,947 Other assets 323 278 357 329 2,471 2,679 2,698 2,472 Total assets $29,670 $29,993 $29,157 $29,954 Liabilities and Shareholders' Interest Weyerhaeuser Current liabilities: Notes payable and commercial paper $2 $2 $3 $3 Current maturities of long-term debt 96 225 182 489 Accounts payable 1,150 1,225 1,167 1,159 Accrued liabilities 1,313 1,655 1,562 1,432 Liabilities of business held for sale 308 -- -- 297 Total current liabilities 2,869 3,107 2,914 3,380 Long-term debt 9,263 8,926 8,010 9,277 Deferred income taxes 4,315 4,320 4,396 4,312 Deferred pension, other postretirement benefits and other liabilities 1,494 1,560 1,585 1,500 Liabilities not owned, consolidated under FIN 46R 820 784 783 815 18,761 18,697 17,688 19,284 Real Estate and Related Assets Notes payable and commercial paper 2 5 3 2 Long-term debt 869 854 852 867 Other liabilities 533 588 488 546 1,404 1,447 1,343 1,415 Total liabilities 20,165 20,144 19,031 20,699 Shareholders' interest 9,505 9,849 10,126 9,255 Total liabilities and shareholders' interest $29,670 $29,993 $29,157 $29,954 STATEMENT OF CASH FLOWS Q1 Q2 Q3 March March June June Sept. Sept. SELECTED INFORMATION (unaudited) 27, 28, 26, 27, 25, 26, (in millions) 2005 2004 2005 2004 2005 2004 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $(203) $(89) $713 $787 $441 $592 Cash paid for property and equipment (117) (79) (196) (80) (220) (93) Cash paid for timberlands reforestation (12) (12) (6) (6) (6) (5) Cash received from issuances of debt -- -- 1 -- (1) -- Revolving credit facilities, notes and commercial paper borrowings, net 19 67 23 (80) (40) (6) Payments on debt (404) (60) (206) (813) (965) (253) Proceeds from equity offering -- -- -- 954 -- -- Proceeds from the sale of BC Coastal operations -- -- 1,107 -- -- -- Year-to- STATEMENT OF CASH FLOWS Year-to-date Q4 date SELECTED INFORMATION (unaudited) Sept. 25, Sept. 26, Dec. 26, Dec. 26, (in millions) 2005 2004 2004 2004 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $951 $1,290 $745 $2,035 Cash paid for property and equipment (533) (252) (222) (474) Cash paid for timberlands reforestation (24) (23) (7) (30) Cash received from issuances of debt -- -- 1 1 Revolving credit facilities, notes and commercial paper borrowings, net 2 (19) 35 16 Payments on debt (1,575) (1,126) (742) (1,868) Proceeds from equity offering -- 954 -- 954 Proceeds from the sale of BC Coastal operations 1,107 -- -- --

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