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Weyerhaeuser向第二季度报告了3.14亿美元的净收入,或每次摊薄股份1.26美元,净销售额为57亿美元

Prnewswire-FirstCall.
联邦方式,洗。
2006年7月25日

惠好公司(纽约证券交易所代码:WY)今天公布了第二季度净利润3.14亿美元,摊薄每股1.26美元,净销售额57亿美元。相比之下,2005年第二季度净销售额为57亿美元,为4.2亿美元,摊薄每股1.71美元。

/照片:http://www.newscom.com/cgi-bin/prnh/20040116/dygo -a.http://www.newscom.com/cgi-bin/prnh/20040116/dygo -b.2006年第二季度收益包括以下税务项目: - 与集装箱,包装和回收商业模式的重组有关的1200万美元或每股5美分。- 与设施关闭有关的1100万美元或4美分的费用。

此外,2006年第二季度的净收入包括4800万美元的一次性税收福利,或者每股稀释股份的19美分,与德克萨斯州所得税法的变化有关,加拿大联邦所得税税率和延期的减少与Medicare D部分有关的税收调整。

2005年第二季度收益包括以下税务项目: - 与销售本公司在沿海不列颠哥伦比亚省的业务有关的1.1亿美元,或45美分。- 根据2004年美国就业创建法案的规定,拨款4400万美元或每股摊薄股份18美分。​​ - 认可3700万美元,或15美分每个摊薄份额从以前的延期收益销售。- 与诉讼有关的每股1200万美元或5美分的费用。

“在这些企业的一项挑战性季度的挑战季度后,欢迎纸质市场的康复,”总裁兼首席执行官主席斯图文·罗格尔说。“与此同时,我们不能依赖市场条件来提高我们的盈利绩效。这就是为什么我们主动并采取措施,改变我们的整合包装业务的商业模式。这个令人兴奋的倡议开始支付股息并提供瞥见我们正在进行市场的其他变化。“

第二季度金融亮点综述数百万(每股数据除外)2006年2Q 2005年第二季度净收入$ 314 $ 420(106美元)收益每次摊薄$ 1.26 $ 1.71($ 0.45)净销售$ 5,687 $ 5,713($ 26)第二季度的分部结果(预先捐款-tax收益)2005年2Q 2006年2Q 2005年2Q改变Timberlands $ 224 $ 210 $ 21 $ 14木制品$ 131manbetx apk手机版 $ 204($ 73)纤维素纤维和白色纸张$ 23 $ 16 $ 7 $ 7电容器板,包装和回收$ 74 $ 99 $ 74 $ 99 $ 74 $ 99($ 25)房地产和相关资产$ 123 $ 156($ 33)tIMBERLLAD $ 123 $ 1562006年2季度2006年1季度将对税前收入进行贡献(百万美元)$ 224 $ 198 $ 26

由于实现了略高的日志价格和非战略性质的投资组合改善销售时,第二季度盈利从第一季度提高。西北部的运营成本增加,主要是由于燃料价格上涨。

由于季节性降低和销售活动,预计第三季度收益预计将低于第二季度,促使国内日志价格软化,低于销售非战略性。

manbetx apk手机版木制品2006年1季度2006年1季度为税前收益进行贡献(数百万美元)$ 131 $ 117 $ 14

尽管住宅施工活动下降,但2006年第二季度2006年第二季度的收益从第一季度从第一季度提高。以第一季度为导向的钢绞线和工程木材的平均价格从第一季度下降,部分抵消了复合板的增加。对木材实现的平均价格从第一季度不变。

木材和面向钢绞线的制造成本仍然是季度持续季度,综合产品的制造成本下降,主要是由于温和天然气和树脂价格。

该公司在2006年第二季度销往美国,加拿大软木木材的反倾销职责和相关费用,而销往美国,该公司在2006年第二季度销往美国,而第一季度为1100万美元。

由于价格下降,Weyerhaeuser预计持续的木制品运营中的第三季度盈利较低。manbetx apk手机版该公司预计在第三季度销售北美复合厂的收益。

2006年2006年1季度纤维素纤维和白皮书2006年1季度改变捐款(收费)至税前收益(数百万美元)23美元($ 763)$ 786

2006年第一季度成果包括746,000,000美元的精致纸张损害。第二季度包括与阿尔伯特王子设施关闭相关的1100万美元的税前费用。不包括这些物品,盈利从第一季度提高了5100万美元。

细纸和纤维素纤维产品都经历了更强的市场状况,从而实现了更高的价格。精致的纸张销售量反映了亚伯特王子和Dryden No.1造纸机操作的封闭件。与第一季度相比,纤维素纤维销售量平均。

第二季度细纸的制造成本显著增加,原因是普利茅斯的维修工厂停产和严重的电力中断。但是,加拿大汇率对加拿大业务成本的持续负面影响部分抵消了这一影响。

Weyerhaeuser预计该部分将在第三季度表现出持续改善的业绩。该公司预计将实现第二季度实施的价格上涨的全部效果,第三季度宣布的价格上涨的额外利益。由于更少的预定维护停机和改进的操作性能,预计制造成本预计将减少。

2006年第一季度变动对税前收入的贡献(百万)$74 $22 $52

2006年第二季度的业绩包括1800万美元的税前费用与业务模式的变化有关,以及500万美元的税前费用与设施关闭有关。不包括这些项目,利润比第一季度增加了7500万美元。

第二季度收益主要是由于箱板的实现和包装价格加上较高的包装货物的增加。尽管自12月以来,包装出货量增加了七种包装设施。制造成本从第一季度水平下降,主要是由于天然气成本增加和增加资产利用率。在第二季度,OCC(旧波纹容器)的市场状况显着更高。

Weyerhaeuser预计第三季度的持续收益主要是由于以前的价格上涨的全面实现,部分抵消了OCC成本。

房地产及相关资产2006年2Q 2006年1季度2006年税前收入的贡献(百万)$ 123 $ 172($ 49)

第一季度业绩包括税前土地销售收入约为3300万美元,与保险恢复相关的税前收益和伙伴关系重组为1700万美元。不包括这些物品,从第一季度相对不变。

与第一季度相比,第二季度关闭的单家族房屋数量增加。尽管利润率较低,但单一的家庭收益季节性增加,但经营成本更高。卖出的房屋积压,但未结束,在第二季度售价超过五个月的销售额。

Weyerhaeuser预计第三季度房地产和相关收益近似第二季度活动。

关于惠好

惠好公司成立于1900年,是世界上最大的综合性林产品公司之一。2005年,销售额为226亿美元。它在18个国家设有办事处或业务,客户遍布全球。惠好主要从事木材的种植和收获;林产品的生产、经销和销售;及房地产建设、开发等相关活动。有关惠好业务、产品和实践的更多信息,请访问//www.noirla.com/

盈利呼叫信息

该公司将于7月25日在7月25日举行一份现场电话会议电话,举行了太平洋(东部上午10点)讨论了第二季度业绩。

要在北美内部访问电话会议,请在通话前至少15分钟拨打1-888-221-5699。来自北美外部的人应拨打1-706-643-3795。从北美内部的1-800-642-1687(Access Code - 2336060)和1-706-645-9291(Access Code - 2336060)(Access Code - 2336060)距离北美外部的重播将提供一周。

这通电话将通过惠好公司的网站进行网络直播http://investor.weyerhaeuser.com/点击“Q2 2006盈利会议电话”链接。

机构投资者和个人投资者均可通过汤姆森街事件网络(Thomson StreetEvents Network)观看网络直播。万博电竞个人投资者可以在万博电竞http://www.fulldisclosure.com/汤姆森/中国建设银行(Thomson/CCBN)的个人投资者门户网站,由StreetEvents提供支持。机构投资者可通过汤姆逊的密码万博电竞保护网站StreetEvents (http://www.streetevents.com/).

前瞻性声明

本新闻稿包含有关公司未来业绩和业绩的声明,这些声明是1995年《私人证券诉讼改革法案》意义上的前瞻性声明。可以识别这些前瞻性陈述使用前瞻性的术语如“期望”,“可能”“将”,“相信”“应该”“大约”,预计,“”估计,”和“计划”,这些术语的负面或其他变化或类似的术语或讨论的策略,计划或意图。特别是,其中一些前瞻性陈述涉及对公司2006年第三季度市场的预期;2006年第三季度公司业务部门的预期收益和业绩,2006年第三季度公司产品的需求和定价,正常季节性停工导致的收获和销售活动减少,国内原木价格疲软,2006年第三季度非战略性资产销售下降,木材价格低,定向结构刨花板,和一些工程木材产品在2006年第三季度,预计关闭北美综合钢厂的销售在2006年第三季度,减少计划年度维护停机和改善操作性能在纤维素纤维和白皮书,和相关的问题。这类声明的准确性受若干风险、不确定性和假设的影响,这些风险、不确定性和假设可能导致实际结果与预测存在重大差异,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;- 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 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, 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.

欲了解更多信息,请联系:媒体 - 布鲁斯阿蒙德森(253)924-3047分析师 - 凯瑟琳·麦考利(253)924-2058 WEYERHAEUSER公司的统计资料(未经审计)综合盈利Q1,Q2年最新的3月26日,3月27日,6月25日,6月26日,2006年6月25日2005年6月26日2006年2005年2006年2005年的净销售额和收入:惠好(1)$ 4,596 $ 4,629 $ 4,941 $ 5,065 $ 9,537 $ 9,694不动产及相关资产690 655 746 648 1,436 1303个总净销售收入5286 5,284 5687 571310973对10997成本和费用:惠好:产品成本出售(2)3638 3550 3838 3869 7476 7419折旧,折耗及摊销308 318 307 321 615 639销售费用110 116 126 117 236 233管理费用256 221 224 217 480 438研究及开发费用16 14 15 12 31个26比税工资和所得税其他44 46 46 48 90 94个收费重组(3) -  10个18 4 18 9收费设施封闭件1 5 17 3 18 8善意减值(4)746  -  3  -  749  - 其他操作成本,净(5)(6)30 9(23)(40)7(31)5149 4284 4571 4551 9720 8835房地产和相关资产:成本和运营支出(7)481项426 555 441 1036 867折旧和摊销3 3 4 4 7 7销售费用37 33 43 36 80 69一般与管理费用30 24 34 25比工资和所得税其他64个49税1 1 2  -  3 1其他操作成本,净(3) -  3(2) - (2)长期资产减值 -   -   -   -   -   -  549 487 641 504 1190对991总成本和费用5698 4771 5212 5055 109109826营业收入(412)513 475 658 63 1171利息费用及其它:惠好:利息费用支付(8)(152)(196)(152)(179)(304)(375)减去兴趣大写(2)16  --  20 2 36 2利息收益和其它19 27 15 20 34 47公平分支机构(9)36 4 9 4房地产和相关资产的收入(损失):利息费用支付(14)(14)(14)(14)(28)(28)减利息资本14 14 14 14 28 28利息收益和其它10 5 3(2)在(11)未合并实体的收入前(10)21 10个15 13 36 23收入所得税(495)359 382 516(113)875所得税13 3股票(87)(125)(82)(225)(169)(350)从持续操作(582)234 300 291(282)从终止经营525和收益的收益的净税(12)2 5 14 129 16 134净收益$,(580) $239 $314 $420 $(266) $659 Basic net earnings per share: Continuing operations $(2.37) $0.96 $1.21 $1.20 $(1.15) $2.15 Discontinued operations 0.01 0.02 0.06 0.52 0.07 0.55 Net earnings per share $(2.36) $0.98 $1.27 $1.72 $(1.08) $2.70 Diluted net earnings per share: Continuing operations $(2.37) $0.96 $1.20 $1.19 $(1.15) $2.15 Discontinued operations 0.01 0.02 0.06 0.52 0.07 0.54 Net earnings per share $(2.36) $0.98 $1.26 $1.71 $(1.08) $2.69 Dividends paid per share $0.50 $0.40 $0.50 $0.50 $1.00 $0.90 Weighted average shares outstanding (in thousands) Basic 245,794 242,863 248,147 244,702 246,971 243,782 Diluted 245,794 244,185 249,194 245,881 246,971 244,959 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) CONSOLIDATED EARNINGS Q3 Q4 Year-to-date (in millions) Sept. 25, Dec. 25, Dec. 25, 2005 2005 2005 Net sales and revenues: Weyerhaeuser (1) $4,898 $4,764 $19,356 Real Estate and Related Assets 596 1,016 2,915 Total net sales and revenues 5,494 5,780 22,271 Costs and expenses: Weyerhaeuser: Costs of products sold (2) 3,833 3,894 15,146 Depreciation, depletion and amortization 322 328 1,289 Selling expenses 117 350 457 General and administrative expenses 235 222 895 Research and development expenses 18 17 61 Taxes other than payroll and income taxes 69 16 179 Charges for restructuring (3) 2 10 21 Charges for closure of facilities 29 656 693 Impairment of goodwill (4) -- -- -- Other operating costs, net(5) (6) (32) 3 (60) 4,593 5,253 18,681 Real Estate and Related Assets: Costs and operating expenses (7) 401 677 1,945 Depreciation and amortization 4 5 16 Selling expenses 360 46 151 General and administrative expenses 27 28 104 Taxes other than payroll and income taxes 1 1 3 Other operating costs, net (2) 1 (3) Impairment of long-lived assets -- 33 33 467 791 2,249 Total costs and expenses 5,060 6,044 20,930 Operating income 434 (264) 1,341 Interest expense and other: Weyerhaeuser: Interest expense incurred (8) (193) (171) (739) Less interest capitalized (2) 3 4 9 Interest income and other 143 24 214 Equity in income (loss) of affiliates (9) 2 (12) (6) Real Estate and Related Assets: Interest expense incurred (13) (14) (55) Less interest capitalized 13 14 55 Interest income and other 4 5 12 Equity in income of unconsolidated entities (10) 14 20 57 Earnings before income taxes 407 (394) 888 Income taxes (11) (119) 151 (318) Earnings from continuing operations 288 (243) 570 Earnings from discontinued operations, net of taxes (12) (3) 32 163 Net earnings $285 $(211) $733 Basic net earnings per share: Continuing operations $2.47 $(0.99) $2.33 Discontinued operations (0.01) 0.13 0.67 Net earnings per share $2.46 $(0.86) $3.00 Diluted net earnings per share: Continuing operations $2.46 $ (0.99) $2.32 Discontinued operations (0.01) 0.13 0.66 Net earnings per share $2.45 $(0.86) $2.98 Dividends paid per share $0.50 $0.50 $1.90 Weighted average shares outstanding (in thousands) Basic 245,009 245,215 244,447 Diluted 246,190 246,198 245,559 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONSOLIDATED EARNINGS (in millions) YTD YTD Q1 Q1 Q2 Q2 Q2 Q2 Q3 Q4 YE 2006 2005 2006 2005 2006 2005 2005 2005 2005 (1) Countervailing and anti-dumping duties and related costs per quarter were charges of: $11 $22 $10 $27 $21 $49 $19 $16 $84 (2) Weyerhaeuser capitalized interest for the first and second quarters of 2006 include $14 million and $15 million, respectively, for the capitalization of Weyerhaeuser interest on WRECO assets. Weyerhaeuser cost of products sold includes $7 million in each of the first and second quarters of 2006 to expense previously capitalized interest in connection with the sale of the related real estate assets. See Note 6 for 2005 information. (3) The second quarter of 2006 includes an $18 million dollar charge related to the restructuring of the Containerboard, Packaging and Recycling business model. (4) The first and second quarters of 2006 include write-offs of goodwill associated with the fine paper business of $746 million and $3 million, respectively. YTD YTD Q1 Q1 Q2 Q2 Q2 Q2 Q3 Q4 YE 2006 2005 2006 2005 2006 2005 2005 2005 2005 (5) Net foreign exchange gains (losses), primarily from fluctuations in Canadian and New Zealand exchange rates: $(26) $13 $21 $(13) $(5) $-- $37 $(21) $16 (6) 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 fourth quarter of 2005 includes a $38 million charge for the settlement of linerboard antitrust litigation and $43 million of income for the cumulative effect of a change to begin capitalizing Weyerhaeuser interest to assets of Weyerhaeuser Real Estate Company. (7) The first quarter of 2006 includes income of $8 million related to a warranty insurance recovery. (8) The third and fourth quarters of 2005 include charges of $21 million and $15 million, respectively, for the early extinguishment of debt. (9) The fourth quarter of 2005 includes a $15 million charge related to the impairment of an investment in an equity affiliate. (10) The first quarter of 2006 includes recognition of $9 million of deferred income in connection with partnership restructurings. (11) 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. (12) Includes the net operating results of the company's coastal British Columbia operations and its North American and French 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 Year-to-date March 26, March 27, June 25, June 26, June 25, June 26, 2006 2005 2006 2005 2006 2005 Timberlands: Logs $201 $182 $198 $195 $399 $377 Other products 62 82 71 63 133 145 263 264 269 258 532 522 Wood Products: Softwood lumber 782 892 857 1,032 1,639 1,924 Plywood 135 183 147 196 282 379 Veneer 13 13 13 10 26 23 Composite panels 121 120 140 132 261 252 OSB 287 288 273 306 560 594 Hardwood lumber 99 94 105 102 204 196 Engineered I-Joists 183 160 216 213 399 373 Engineered Solid Section 221 190 249 241 470 431 Logs 7 27 5 24 12 51 Other products 225 272 295 339 520 611 2,073 2,239 2,300 2,595 4,373 4,834 Cellulose Fiber and White Papers: Pulp 394 376 402 355 796 731 Paper 613 599 601 611 1,214 1,210 Coated groundwood 40 42 44 47 84 89 Liquid packaging board 46 47 62 52 108 99 Other products 14 14 16 12 30 26 1,107 1,078 1,125 1,077 2,232 2,155 Containerboard, Packaging and Recycling: Containerboard 82 117 84 101 166 218 Packaging 911 898 1,002 969 1,913 1,867 Recycling 80 92 85 92 165 184 Bags 20 22 20 21 40 43 Other products 34 34 46 40 80 74 1,127 1,163 1,237 1,223 2,364 2,386 Real Estate and Related Assets 690 655 747 648 1,437 1,303 Corporate and Other 116 149 117 151 233 300 Less sales of discontinued operations (90) (264) (108) (239) (198) (503) $5,286 $5,284 $5,687 $5,713 $10,973 $10,997 Contribution (charge) to earnings: (in millions) Q1 Q2 Year-to-date March 26, March 27, June 25, June 26, June 25, June 26, 2006 2005 2006 2005 2006 2005 Timberlands (1) (2) (4) $198 $200 $224 $210 $422 $410 Wood Products (1) (2) (5) 117 131 131 204 248 335 Cellulose Fiber and White Papers (1) (2) (6) (763) 19 23 16 (740) 35 Containerboard, Packaging and Recycling (1) (2) (7) 22 48 74 99 96 147 Real Estate and Related Assets (2) (8) 172 183 123 156 295 339 Corporate and Other (1) (2) (3) (9) (102) (17) (40) 99 (142) 82 $(356) $564 $535 $784 $179 $1,348 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Net sales and revenues (in millions): Q3 Q4 Year-to-date Sept. 25, Dec. 25, Dec. 25, 2005 2005 2005 Timberlands: Logs $188 $196 $761 Other products 65 76 286 253 272 1,047 Wood Products: Softwood lumber 889 811 3,624 Plywood 184 172 735 Veneer 9 12 44 Composite panels 122 123 497 OSB 267 303 1,164 Hardwood lumber 95 99 390 Engineered I-Joists 202 181 756 Engineered Solid Section 244 221 896 Logs 6 5 62 Other products 326 290 1,227 2,344 2,217 9,395 Cellulose Fiber and White Papers: Pulp 381 370 1,482 Paper 604 603 2,417 Coated groundwood 45 46 180 Liquid packaging board 50 54 203 Other products 16 12 54 1,096 1,085 4,336 Containerboard, Packaging and Recycling: Containerboard 86 91 395 Packaging 929 914 3,710 Recycling 87 81 352 Bags 20 20 83 Other products 47 46 167 1,169 1,152 4,707 Real Estate and Related Assets 596 1,016 2,915 Corporate and Other 146 154 600 Less sales of discontinued operations (110) (116) (729) $5,494 $5,780 $22,271 Contribution (charge) to earnings: (in millions) Q3 Q4 Year-to-date Sept. 25, Dec. 25, Dec. 25, 2005 2005 2005 Timberlands (1) (2) (4) $191 $183 $784 Wood Products (1) (2) (5) 124 26 485 Cellulose Fiber and White Papers (1) (2) (6) (2) (477) (444) Containerboard, Packaging and Recycling (1) (2) (7) 36 (188) (5) Real Estate and Related Assets (2) (8) 145 250 734 Corporate and Other (1) (2) (3) (9) 101 33 216 $595 $(173) $1,770 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONTRIBUTION (CHARGE) TO EARNINGS (in millions) (1) Closure charges by segment: YTD YTD Q1 Q1 Q2 Q2 Q2 Q2 Q3 Q4 YE 2006 2005 2006 2005 2006 2005 2005 2005 2005 Timberlands $-- $3 $-- $-- $-- $3 $-- $3 $6 Wood Products -- 1 1 1 1 2 6 91 99 Cellulose Fiber and White Papers (1) -- 11 -- 10 -- 22 427 449 Containerboard, Packaging and Recycling 2 4 5 2 7 6 1 130 137 Corporate and Other -- -- -- -- -- -- -- 5 5 $1 $8 $17 $3 $18 $11 $29 $656 $696 The above closure charges for the first quarter and full year 2005 include $3 million of costs incurred within the company's discontinued operations. (2) Stock-based compensation charges (income) recognized by segment: YTD YTD Q1 Q1 Q2 Q2 Q2 Q2 Q3 Q4 YE 2006 2005 2006 2005 2006 2005 2005 2005 2005 Timberlands $1 $-- $-- $-- $1 $-- $-- $-- $-- Wood Products 2 -- -- -- 2 -- -- -- -- Cellulose Fiber and White Papers 1 -- -- -- 1 -- -- -- -- Containerboard, Packaging and Recycling 2 -- (1) -- 1 -- -- -- -- Real Estate and Related Assets -- -- 1 -- 1 -- -- -- -- Corporate and Other 15 2 (4) (6) 11 (4) 3 12 11 $21 $2 $(4) $(6) $17 $(4) $3 $12 $11 YTD YTD Q1 Q1 Q2 Q2 Q2 Q2 Q3 Q4 YE 2006 2005 2006 2005 2006 2005 2005 2005 2005 (3) Net foreign exchange gains (losses) included in Corporate and Other were: $(26) $13 $20 $(12) $(6) $1 $38 $(20) $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 regarding countervailing duty and anti-dumping costs included in Wood Products. (b) 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. (c) 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 write-offs of goodwill associated with the fine paper business of $746 million and $3 million, respectively. (7) Additional Containerboard, Packaging and Recycling notes: (a) The second quarter of 2006 includes a charge of $18 million 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 and second quarters of 2006 includes net gains (losses) on land and lot sales of $33 million and ($1) million, respectively. 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. The fourth quarter of 2005 also includes a $33 million charge for the impairment of unimproved land. (9) Additional Corporate and Other notes: (a) 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 and $43 million of income for the cumulative effect of a change to begin capitalizing Weyerhaeuser interest to assets of Weyerhaeuser Real Estate Company. (b) The fourth quarter of 2005 includes charges of $15 million related to the impairment of an investment in an equity affiliate. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Third party sales volumes: Q1 Q2 Year-to-date March March June June June June 26, 27, 25, 26, 25, 26, 2006 2005 2006 2005 2006 2005 Timberlands (thousands): Logs - cunits 935 864 808 863 1,743 1,727 Wood Products (millions): Softwood lumber - board feet 1,921 2,057 2,113 2,355 4,034 4,412 Plywood - square feet (3/8") 389 537 458 600 847 1,137 Veneer - square feet (3/8") 61 60 63 59 124 119 Composite panels - square feet (3/4") 302 299 324 317 626 616 Oriented strand board - square feet (3/8") 1,000 908 1,069 1,041 2,069 1,949 Hardwood lumber - board feet 103 102 110 114 213 216 Engineered I-Joists - lineal feet 114 108 137 138 251 246 Engineered Solid Section - cubic feet 9 9 11 10 20 19 Logs - cunits (in thousands) 55 187 46 177 101 364 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 651 629 647 587 1,298 1,216 Paper - tons 753 736 662 742 1,415 1,478 Coated groundwood - tons 52 58 59 62 111 120 Liquid packaging board - tons 56 60 71 65 127 125 Paper converting - tons 511 475 474 494 985 969 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 211 295 189 259 400 554 Packaging - MSF 18,342 17,354 19,168 18,600 37,510 35,954 Recycling - tons 733 692 719 695 1,452 1,387 Kraft bags and sacks - tons 20 23 20 22 40 45 Real Estate and Related Assets: Single-family homes sold 1,472 1,378 1,325 1,525 2,797 2,903 Single-family homes closed 1,161 1,189 1,483 1,279 2,644 2,468 Single-family homes sold but not closed at end of period 3,105 2,561 2,947 2,807 2,947 2,807 Total production volumes: Q1 Q2 Year-to-date March March June June June June 26, 27, 25, 26, 25, 26, 2006 2005 2006 2005 2006 2005 Timberlands (thousands): Fee Depletion - cunits 2,132 2,248 2,083 2,231 4,215 4,479 Wood Products (millions): Softwood lumber - board feet 1,663 1,821 1,650 1,869 3,313 3,690 Plywood - square feet (3/8") 241 303 245 302 486 605 Veneer - square feet (3/8") (1) 455 517 455 529 910 1,046 Composite panels - square feet (3/4") 278 267 288 282 566 549 Oriented strand board - square feet (3/8") 1,073 1,007 1,062 1,019 2,135 2,026 Hardwood lumber - board feet 82 92 83 96 165 188 Engineered I-Joists - LF 121 133 136 132 257 265 Engineered Solid Section - CF 11 11 12 10 23 21 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 676 621 588 614 1,264 1,235 Paper - tons (2) 724 763 672 752 1,396 1,515 Coated groundwood - tons 56 55 56 59 112 114 Liquid packaging board - tons 61 60 75 64 136 124 Paper converting - tons 498 475 461 487 959 962 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 1,575 1,503 1,533 1,581 3,108 3,084 Packaging - MSF 19,550 18,628 20,290 19,915 39,840 38,543 Recycling - tons (4) 1,716 1,624 1,684 1,673 3,400 3,297 Kraft bags and sacks - tons 19 23 20 22 39 45 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Third party sales volumes: Q3 Q4 Year-to-date Sept. 25, Dec. 25, Dec. 25, 2005 2005 2005 Timberlands (thousands): Logs - cunits 886 939 3,552 Wood Products (millions): Softwood lumber - board feet 2,179 2,059 8,650 Plywood - square feet (3/8") 558 485 2,180 Veneer - square feet (3/8") 51 61 231 Composite panels - square feet (3/4") 308 305 1,229 Oriented strand board - square feet (3/8") 1,008 991 3,948 Hardwood lumber - board feet 105 106 427 Engineered I-Joists - lineal feet 125 113 484 Engineered Solid Section - cubic feet 10 9 38 Logs - cunits (in thousands) 41 46 451 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 653 633 2,502 Paper - tons 757 761 2,996 Coated groundwood - tons 56 56 232 Liquid packaging board - tons 64 69 258 Paper converting - tons 494 501 1,964 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 238 254 1,046 Packaging - MSF 18,560 19,117 73,631 Recycling - tons 665 676 2,728 Kraft bags and sacks - tons 22 22 89 Real Estate and Related Assets: Single-family homes sold 1,608 1,174 5,685 Single-family homes closed 1,257 1,922 5,647 Single-family homes sold but not closed at end of period 3,158 2,410 2,410 Total production volumes: Q3 Q4 Year-to-date Sept. 25, Dec. 25, Dec. 25, 2005 2005 2005 Timberlands (thousands): Fee Depletion - cunits 2,098 2,153 8,730 Wood Products (millions): Softwood lumber - board feet 1,651 1,645 6,986 Plywood - square feet (3/8") 296 254 1,155 Veneer - square feet (3/8") (1) 486 447 1,979 Composite panels - square feet (3/4") 268 263 1,080 Oriented strand board - square feet (3/8") 1,017 1,035 4,078 Hardwood lumber - board feet 91 85 364 Engineered I-Joists - LF 108 110 483 Engineered Solid Section - CF 10 10 41 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 663 604 2,502 Paper - tons (2) 765 780 3,060 Coated groundwood - tons 60 60 234 Liquid packaging board - tons 69 71 264 Paper converting - tons 483 505 1,950 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 1,597 1,587 6,268 Packaging - MSF 19,416 20,130 78,089 Recycling - tons (4) 1,716 1,730 6,743 Kraft bags and sacks - tons 21 22 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 SHEET (unaudited) (in millions) March 26, June 25, Dec. 25, Assets 2006 2006 2005 Weyerhaeuser Current assets: Cash and short-term investments $105 $113 $818 Receivables, less allowances 1,828 1,942 1,727 Inventories 2,050 1,911 1,899 Prepaid expenses 433 427 414 Assets of discontinued operations 136 134 136 Total current assets 4,552 4,527 4,994 Property and equipment 10,175 10,158 10,397 Construction in progress 640 607 528 Timber and timberlands at cost, less fee stumpage charged to disposals 3,702 3,696 3,705 Investments in and advances to equity affiliates 475 479 486 Goodwill 2,235 2,243 2,982 Deferred pension and other assets 1,284 1,303 1,314 Restricted assets held by special purpose entities 914 916 916 23,977 23,929 25,322 Real Estate and Related Assets Cash and short-term investments 39 36 286 Receivables, less allowances 143 141 42 Real estate and land for sale and development 2,639 2,872 2,092 Other assets 413 486 357 Assets not owned, consolidated under FIN 46R 170 154 130 3,404 3,689 2,907 Total assets $27,381 $27,618 $28,229 Liabilities and Shareholders' Interest Weyerhaeuser Current liabilities: Notes payable and commercial paper $1 $2 $3 Current maturities of long-term debt 699 603 389 Accounts payable 1,193 1,222 1,241 Accrued liabilities 1,253 1,327 1,622 Total current liabilities 3,146 3,154 3,255 Long-term debt 6,938 7,025 7,404 Deferred income taxes 4,001 3,913 4,035 Deferred pension, other postretirement benefits and other liabilities 1,651 1,674 1,591 Liabilities (nonrecourse to Weyerhaeuser) held by special purpose entities 763 765 764 16,499 16,531 17,049 Real Estate and Related Assets Notes payable and commercial paper 63 125 3 Long-term debt 878 628 851 Other liabilities 598 707 417 Liabilities not owned, consolidated under FIN 46R 114 127 109 1,653 1,587 1,380 Total liabilities 18,152 18,118 18,429 Shareholders' interest 9,229 9,500 9,800 Total liabilities and shareholders' interest $27,381 $27,618 $28,229 STATEMENT OF CASH FLOWS SELECTED INFORMATION (unaudited) (in millions) (Weyerhaeuser only, excludes Real Estate & Related Assets) Year-to- Q1 Q2 Year-to-date Q3 Q4 date March March June June June June Sept. Dec. Dec. 26, 27, 25, 26, 25, 26, 25, 25, 25, 2006 2005 2006 2005 2006 2005 2005 2005 2005 Net cash from operations $(209) $(203) $565 $723 $356 $520 $452 $648 $1,620 Cash paid for property and equipment (182) (117) (184) (196) (366) (313) (220) (310) (843) Cash paid for timberlands reforestation (12) (12) (9) (6) (21) (18) (6) (8) (32) Cash received from issuances of debt -- -- -- 1 -- 1 -- -- 1 Revolving credit facilities, notes and commercial paper borrowings, net (68) 19 19 23 (49) 42 (40) 170 172 Payments on debt (158) (404) (10) (206) (168) (610) (965) (603)(2,178) Proceeds from the sale of operations -- -- -- 1,107 -- 1,107 -- 102 1,209
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联系人:媒体,布鲁斯阿蒙森,+ 1-253-924-3047,或分析师,凯瑟琳
Mcauley,+ 1-253-924-2058,Weyerhaeuser公司都是

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