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Weyerhaeuser向第三季度净收入为2.11亿美元,或每次摊薄股份85美分,净销售额为53亿美元

公司
联邦方式,洗。
2006年10月25日

Weyerhaeuser公司(纽约证券交易所)(纽约证券交易所)(纽约证券交易所)今天报道了第三季度净收入为2.11亿美元,或每次摊薄股份85美分,净销售额为53亿美元。这与2005年第三季度销售额为2.85亿美元,或每股1.16美元,净销售额为54亿美元。

(标识:http://www.newscom.com/cgi-bin/prnh/20040116/dygo -a.http://www.newscom.com/cgi-bin/prnh/20040116/dygo -b.)2006年第三季度收益包括以下税后项目: - 从北美复合材料业务的销售,收益为3100万美元,或每股13美分。- 由于硬盘申请索赔的储备书减少了1500万美元,或每次摊薄股份的6美分。- 为2500万美元,或每股10美分的费用,用于与阿尔伯特王子,萨斯喀彻温省普通王子,萨斯喀彻温省工厂及与前BC沿海业务相关的额外善意的续集有关的资产损害。- 抵押1800万美元,或每股7美分,用于资产损伤和与设施封闭或削减相关的费用,主要是在木制品细分市场。manbetx apk手机版- 对于房地产资产减值,每股零售股份为900万美元,或4美分。- 与先前宣布收购有机化,研发公司的收购600万美元,或者每股2美分。2005年第三季度收益包括以下税后项目: - 获得7500万美元,或每股31美分,用于销售MAS Capital Management Partners,LP,合资企业。- 扣留设施的收费1900万美元,或每次摊薄股份8美分。- 为了提前灭亡的债务,亏损1400万美元或每股6美分。

2006年第三季度,韦伊赫勒斯人回购了530万股共同股票。截至第三季度末,Weyerhaeuser已回购本公司董事会以前授权的1800万份购回购回报的总数为550万股。

董事长、总裁兼首席执行官Steven R. Rogel表示:“我们预料到了房地产市场的低迷,并将惠好转变为一家更专注的公司,使其在这个市场周期中表现强劲。”“虽然在预期中,但房地产市场的下跌更为突然,并导致木材产品价格和需求比预期更严重地暴跌。manbetx apk手机版我们正在采取必要的措施,使我们的生产与需求相匹配,并在长期内保持对住宅市场的信心。我们有正确的战略和业务组合,以取得成功,并为股东增加价值。

罗格尔表示:“我们的纤维素纤维、白皮书和包装业务在本季度表现持续改善。”“这在一定程度上是价格上涨的结果,但我们也受益于我们采取的果断行动,以提高这些企业满足客户需求的能力。这些措施需要时间,但我们正开始从惠好带来的长期变化中受益。”

第三季度金融亮点数百万(每股数据除外)2006年3季度2005年3季度净收入$ 211 $ 285($ 74)每次摊薄收益股票0.85 $ 1.16(0.31美元)净销售$ 5,328 $ 5,432(104美元)第三季度:第三季度的分部结果(捐款前-tax收益)2006年3Q Quls 2005年3Q 2005年5月3季度改变Timberlands $ 178 $ 191($ 13)木制品$ 1manbetx apk手机版1 $ 124($ 113)纤维素纤维和白色纸张$ 115($ 2)$ 115($ 2)$ 117电容器,包装和回收$ 96 $ 36 $ 60房地产和相关资产$ 135 $ 145 $ 135 $ 145 $ 135 $ 145)Timberlands 2006 2006年2Q 2006年第二季度为税前收入进行贡献(百万美元)$ 178 $ 224(46美元)

2006年第二季度的第三季度收益由于非战略性地产的销售时间,季节性减少的费用收获水平和木材价格下降的不利影响。第三季度从第二季度飓风清理完成后,缺乏救助伐木费用受益。

由于对木材的需求下降,威尔霍夫斯人预计该季度的第四季度盈利与第三季度相比,这将导致国内数量较低。

manbetx apk手机版2006年3Q Q 2006 2006年2季度为税前收益进行贡献(百万美元)$ 11 $ 131(120美元)

第三季度对收益的贡献包括销售公司北美复合材料业务的5100万美元,与硬盘申请索赔的储备减少有关的2300万美元收入,以及1700万美元用于有关固定资产的损害磨机关闭和缩减。不包括这些物品,从第二季度的收益捐款减少了1.77亿美元。

降低价格和卷贡献了较低的收入。木材的价格较弱,胶合板和以正常季节性下降的需求造成的钢板和面向股线的价格疲软,疲软的住房市场是盈利下降的重要因素。较低的木材产品装运卷和北美复合材料业务的持续收益损失,威尔赫荷尔在7月底销售的威尔·纳伯人也有助于下降。制造成本从季度到季度没有显着变化。

Weyerhaeuser预计该分部将继续在第四季度亏损。

该公司在2006年第三季度销往美国的反倾销职责和反倾销职责和相关费用,并在美国销往美国的相关费用。加拿大软木木材协议于10月12日和当前价格水平生效,该公司将在加拿大米尔斯出口到美国的木材生产的木材支付15%的税收。这与2005年12月以来,这与效率存款率13.13%的比较。该公司预计根据新协议的结果获得退款。

纤维素纤维与白皮书2006年第三季度2006年第二季度税前收入变化贡献(百万)115美元23美元92美元

精细纸和纤维素纤维产品在第三季度经历了较强的市场条件,导致实现更高的价格。由于第二季度安大略省德莱登(Dryden)的一台造纸机和萨斯喀彻温省阿尔伯特亲王纸浆厂(Prince Albert)的关闭,精细纸和纤维素纤维的销量在第三季度略有下降。

第三季度精细纸张和纤维素纤维的制造成本从第二季度显着下降,当时公司强制关闭年磨机维护,资本升级和电力中断。第三季度和能源,化学品和维护成本的生产率降低。

Weyerhaeuser预计第四季度的盈利将与第三季度相似。

集装箱板,包装和回收2006年第三季度2006年第二季度变化贡献税前收入(百万)96美元74美元22

2006年第三季度结果包括与设施封闭的费用为600万美元的费用,与该部门的新商业模式的继续执行相关的员工闭幕性和劳动力减少。2006年第二季度业绩包括1800万美元的费用,用于重组与实施细分市场的新商业模式和500万美元的费用有关的费用,与设施闭包有关。除了这些项目之外,第三季度收益与第二季度相比提高了500万美元。

在第三季度,公司完成了之前公布的纸板和包装涨价的执行。旧瓦楞纸板(OCC)的成本显著上升,木屑成本上升和产品市场包装出货量的季节性下降部分抵消了价格上涨的影响。此外,由于该公司退出了某些低利润业务,包装数量也有所下降。

Weyerhaeuser预计第四季度盈利将与第三季度业绩相媲美。出货量预计会增加,预计第三季度水平将增加成本。迅速上升的木屑成本,主要是西海岸,以及季节性更高的能源使用量预计将抵消更高的包装货物和较低的OCC成本。

不动产及相关资产2006年第三季度2006年第二季度变动贡献税前收入(百万)$135 $123 $12

第三季度单户住宅收盘量与第二季度相媲美。单家庭住宅的价格较高,较低的开销促使第三季度盈利增加,部分抵消了两个房地产项目的1400万美元减值费用。

关闭卷大于第三季度的新销售额,减少了销售的房屋积压,但未关闭,约4.5个月的销售额。

Weyerhaeuser预计房地产和相关资产的收入将增加第四季度,因为季节性更高的卷积册,预计利润率将部分抵消。该公司预计第四季度盈利将大幅低于去年的第四季度绩效。

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。2005年,销售额为226亿美元。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/

财报电话会议信息

该公司将于10月25日在10月25日举行一份现场电话会议电话,以10月25日举行第三季度业绩。

要从北美内部访问电话会议,请在通话前至少15分钟拨打1-888-221- 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1-706-445-9291(访问代码 - 2336060)(Access Code - 2336060)提供一周的重播。

通过Weyerhaeuser的互联网网站在线广播正在访问http://investor.weyerhaeuser.com/点击“Q3 2006盈利会议电话”链接。

网络广播可通过Thomson StreetEvents网络提供给机构和个人投资者。万博电竞个人投资者可以听取电话万博电竞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汤森的密码万博电竞保护网站,街道(http://www.streetevents.com/)。

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2006年第四季度公司市场的期望;预计2006年第四季度公司业务部门的盈利和表现,2006年第四季度公司产品的需求和价格,2006年第四季度的国内日志价格降低,价格降低了木材,导向股票的运输量减少,2006年第四季度的工程木材产品,2006年第四季度产量较低的木制品制造成本,软木木材职责的预期退款,房地产收益的季节性增加,第四次季manbetx apk手机版节性增加,原料和能源成本上涨2006年季度及相关事宜。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:

——总体经济状况的影响,包括利率水平和住房开工率;-对公司产品的市场需求,这可能与美国各业务部门的相对实力有关;——能源价格;——原材料价格;——化学价格;—公司生产运作的表现,包括意外的维修要求;——内部绩效计划的成功执行;——国内外生产者的竞争水平;——林业、土地利用、环境等政府政策法规的影响,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. 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.

Weyerhaeuser公司统计信息(未经审计)综合收益Q1 Q2 Q3(数百万)3月6月6月9月9日,27,25,25,25,25,25,25,25,25,25,2006 2005 2005 2005 2006 2006 2006 2006 2006 2006 2006 2005 2005 2005 2005 2005 2005年净销售和收入:Weyerhaeuser(1)$4,566 $4,577 $4,911 $5,017 $4,579 $4,836 Real Estate and Related Assets 690 655 746 648 749 596 Total net sales and revenues 5,256 5,232 5,657 5,665 5,328 5,432 Costs and expenses: Weyerhaeuser: Costs of products sold (2) 3,612 3,504 3,815 3,833 3,590 3,800 Depreciation, depletion and amortization 306 316 305 319 305 320 Selling expenses 109 115 125 116 123 116 General and administrative expenses 255 221 223 215 234 234 Research and development expenses (3) 16 14 15 12 21 18 Taxes other than payroll and income taxes 44 44 46 44 43 45 Charges for restructuring (4) - 5 18 4 4 2 Charges for closure of facilities 1 5 17 3 43 29 Impairment of goodwill (5) 746 - 3 - - - Other operating costs, net (6) (7) 31 9 (23) (40) (34) (32) 5,120 4,233 4,544 4,506 4,329 4,532 Real Estate and Related Assets: Costs and operating expenses (8) 481 426 552 441 537 401 Depreciation and amortization 3 3 4 4 10 4 Selling expenses 37 33 43 36 44 36 General and administrative expenses 30 24 34 25 30 27 Taxes other than payroll and income taxes 1 1 2 - 2 1 Other operating costs, net (3) - 3 (2) (2) (2) Impairment of long-lived assets - - 3 - 14 - 549 487 641 504 635 467 Total costs and expenses 5,669 4,720 5,185 5,010 4,964 4,999 Operating income (413) 512 472 655 364 433 Interest expense and other: Weyerhaeuser: Interest expense incurred (9) (152) (196) (152) (179) (149) (193) Less: interest capitalized (2) 16 - 20 2 21 3 Interest income and other 19 27 15 20 17 143 Equity in income (loss) of affiliates (10) 3 - 6 4 - 2 Real Estate and Related Assets: Interest expense incurred (14) (14) (14) (14) (12) (13) Less: interest capitalized 14 14 14 14 12 13 Interest income and other 10 5 3 (2) 7 4 Equity in income of unconsolidated entities (11) 21 10 15 13 14 14 Earnings (loss) before income taxes (496) 358 379 513 274 406 Income tax (expense) benefit (12) (87) (125) (82) (225) (89) (119) Earnings (loss) from continuing operations (583) 233 297 288 185 287 Earnings (loss) from discontinued operations, net of taxes (13) 3 6 17 132 26 (2) Net earnings (loss) $(580) $239 $314 $420 $211 $285 Basic net earnings (loss) per share: Continuing operations $(2.37) $0.96 $1.20 $1.18 $0.75 $1.17 Discontinued operations 0.01 0.02 0.07 0.54 0.10 (0.01) Net earnings (loss) per share $(2.36) $0.98 $1.27 $1.72 $0.85 $1.16 Diluted net earnings (loss) per share: Continuing operations $(2.37) $0.96 $1.19 $1.17 $0.75 $1.17 Discontinued operations 0.01 0.02 0.07 0.54 0.10 (0.01) Net earnings (loss) per 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 Year CONSOLIDATED EARNINGS Year-to-date Q4 Ended (in millions) Sept. 24, Sept. 25, Dec. 25, Dec. 25, 2006 2005 2005 2005 Net sales and revenues: Weyerhaeuser (1) $14,056 $14,430 $4,700 $19,130 Real Estate and Related Assets 2,185 1,899 1,016 2,915 Total net sales and revenues 16,241 16,329 5,716 22,045 Costs and expenses: Weyerhaeuser: Costs of products sold (2) 11,017 11,137 3,832 14,969 Depreciation, depletion and amortization 916 955 326 1,281 Selling expenses 357 347 106 453 General and administrative expenses 712 670 221 891 Research and development expenses (3) 52 44 17 61 Taxes other than payroll and income taxes 133 133 16 149 Charges for restructuring (4) 22 11 10 21 Charges for closure of facilities 61 37 656 693 Impairment of goodwill (5) 749 - - - Other operating costs, net (6) (7) (26) (63) 3 (60) 13,993 13,271 5,187 18,458 Real Estate and Related Assets: Costs and operating expenses (8) 1,570 1,268 677 1,945 Depreciation and amortization 17 11 5 16 Selling expenses 124 105 46 151 General and administrative expenses 94 76 28 104 Taxes other than payroll and income taxes 5 2 1 3 Other operating costs, net (2) (4) 1 (3) Impairment of long-lived assets 17 - 33 33 1,825 1,458 791 2,249 Total costs and expenses 15,818 14,729 5,978 20,707 Operating income 423 1,600 (262) 1,338 Interest expense and other: Weyerhaeuser: Interest expense incurred (9) (453) (568) (171) (739) Less: interest capitalized (2) 57 5 4 9 Interest income and other 51 190 24 214 Equity in income (loss) of affiliates (10) 9 6 (12) (6) Real Estate and Related Assets: Interest expense incurred (40) (41) (14) (55) Less: interest capitalized 40 41 14 55 Interest income and other 20 7 5 12 Equity in income of unconsolidated entities (11) 50 37 20 57 Earnings (loss) before income taxes 157 1,277 (392) 885 Income tax (expense) benefit (12) (258) (469) 151 (318) Earnings (loss) from continuing operations (101) 808 (241) 567 Earnings (loss) from discontinued operations, net of taxes (13) 46 136 30 166 Net earnings (loss) $(55) $944 $(211) $733 Basic net earnings (loss) per share: Continuing operations $(0.41) $3.31 $(0.98) $2.32 Discontinued operations 0.19 0.55 0.12 0.68 Net earnings (loss) per share $(0.22) $3.86 $(0.86) $3.00 Diluted net earnings (loss) per share: Continuing operations $(0.41) $3.30 $(0.98) $2.31 Discontinued operations 0.19 0.55 0.12 0.67 Net earnings (loss) per share $(0.22) $3.85 $(0.86) $2.98 Dividends paid per share $1.60 $1.40 $0.50 $1.90 Weighted average shares outstanding (in thousands) Basic 247,123 244,191 245,215 244,447 Diluted 247,123 245,354 246,198 245,559 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONSOLIDATED EARNINGS (in millions) Year Year-to-date Ended ___________ Q1 Q1 Q2 Q2 Q3 Q3 Q3 Q3 Q4 2006 2005 2006 2005 2006 2005 2006 2005 2005 2005 (1) Countervailing and anti-dumping duties and related costs: $11 $22 $10 $27 $7 $19 $28 $68 $16 $84 (2) Weyerhaeuser capitalized interest on Weyerhaeuser Real Estate Company (WRECO) assets in the first, second and third quarters of 2006 in the amount of $14 million, $15 million and $17 million, respectively. Weyerhaeuser cost of products sold includes $7 million, $7 million and $8 million for the first, second and third quarters of 2006, respectively, to expense previously capitalized interest in connection with the sale of WRECO assets. See footnote 7 for 2005 information. (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) 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. Year Year-to-date Ended ___________ Q1 Q1 Q2 Q2 Q3 Q3 Q3 Q3 Q4 2006 2005 2006 2005 2006 2005 2006 2005 2005 2005 (6) Net foreign exchange gains (losses), primarily from fluctuations in Canadian and New Zealand exchange rates: $(26) $13 $21 $(13) $17 $37 $12 $37 $(21) $16 (7) 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 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 related to the settlement of linerboard antitrust litigation and $43 million of income related to the cumulative effect of a change to begin capitalizing Weyerhaeuser interest to assets of WRECO. (8) The first quarter of 2006 includes income of $8 million related to a warranty insurance recovery. (9) The third and fourth quarters of 2005 include charges of $21 million and $15 million, respectively, related to the early extinguishment of debt. (10) 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. (11) The first quarter of 2006 includes recognition of $9 million of deferred income in connection with partnership restructurings. (12) 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. (13) 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 $20 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 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: Q1 Q2 Q3 (in millions) 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 Year Net sales and revenues (in millions): Year-to-date Q4 Ended Sept. 24, Sept. 25, Dec. 25, Dec. 25, 2006 2005 2005 2005 Timberlands: Logs $599 $565 $196 $761 Other products 179 210 76 286 778 775 272 1,047 Wood Products: Softwood lumber 2,372 2,813 811 3,624 Plywood 416 563 172 735 Veneer 35 32 12 44 Composite panels 332 374 123 497 OSB 763 861 303 1,164 Hardwood lumber 300 291 99 390 Engineered I-Joists 533 538 165 703 Engineered Solid Section 625 633 200 833 Logs 17 57 5 62 Other products 885 935 290 1,225 6,278 7,097 2,180 9,277 Cellulose Fiber and White Papers: Pulp 1,200 1,112 370 1,482 Paper 1,818 1,814 603 2,417 Coated groundwood 126 134 46 180 Liquid packaging board 167 149 54 203 Other products 52 42 12 54 3,363 3,251 1,085 4,336 Containerboard, Packaging and Recycling: Containerboard 258 304 91 395 Packaging 2,910 2,796 914 3,710 Recycling 254 271 81 352 Bags 63 63 20 83 Other products 124 121 46 167 3,609 3,555 1,152 4,707 Real Estate and Related Assets 2,185 1,899 1,016 2,915 Corporate and Other 356 446 154 600 Less: sales of discontinued operations (328) (694) (143) (837) $16,241 $16,329 $5,716 $22,045 Contribution (charge) to pre-tax Year earnings: Year-to-date Q4 Ended (in millions) Sept. 24, Sept. 25, Dec. 25, Dec. 25, 2006 2005 2005 2005 Timberlands (1) (2) (4) $600 $601 $183 $784 Wood Products (1) (2) (5) 259 459 26 485 Cellulose Fiber and White Papers (1) (2) (6) (625) 33 (477) (444) Containerboard, Packaging and Recycling (1) (2) (7) 192 183 (188) (5) Real Estate and Related Assets (2) (8) 430 484 250 734 Corporate and Other (1) (2) (3) (9) (220) 183 33 216 $636 $1,943 $(173) $1,770 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONTRIBUTION (CHARGE) TO PRE-TAX EARNINGS (in millions) Year Year-to-date Ended ___________ Q1 Q1 Q2 Q2 Q3 Q3 Q3 Q3 Q4 2006 2005 2006 2005 2006 2005 2006 2005 2005 2005 (1) Closure charges by segment: Timberlands $-- $ 3 $-- $-- $-- $-- $-- $3 $3 $6 Wood Products -- 1 1 1 10 6 11 8 91 99 Cellulose Fiber and White Papers (1) -- 11 -- 4 22 14 22 427 449 Containerboard, Packaging and Recycling 2 4 5 2 3 1 10 7 130 137 Corporate and Other -- -- -- -- 26 -- 26 -- 5 5 $1 $8 $17 $3 $43 $29 $61 $40 $656 $696

上述2006年第三季度的上述收费包括企业和其他与阿尔伯特纸浆和纸质工厂相关的企业资产减值的2600万美元。第一季度和全年2005年包括300万美元的费用在公司中断的业务中。

年份至今端___________ Q1 Q1,Q2,Q2,Q3,Q3 Q3,Q3,Q4 2006 2005 2006 2005 2006 2005 2006 2005 2005 2005(2)以股份为基础的补偿费用(收益)由段承认:林地$ 1 $  -  $  --  $  -  $  -  $  -  $  -  $ 1manbetx apk手机版 $  -  $  -  $  -  $  - 木制品2  -   -   -  2  -   -   - 纤维素纤维和白皮书1  -   --   -  1  -  2  -   -   - 盒式框,包装和回收2  - (1) -  1  -   -   - 房地产和相关资产 -  2  -   -   --  2  -   -   - 企业和其他15 2(5)(6)1 3 11(1)12 11 $ $ 21 $ 2(4)$(6)$ 3 $ 3 $ 20 $(1)$ 12 $ 11年年初至今端___________ Q1 Q1,Q2,Q2,Q3,Q3 Q3 Q3,Q4,2006年2005年2006年2005年2006年2005年2006年2005年2005年2005年纳入企业和其他(3)汇兑净收益(亏损)$(26)$ 20 $ 13 $(12)$ 17 $ 38 $ 11 $ 39 $(20)$ 19(4)份额外的TIMBERLLANDS注意事项:(a)2005年第三季度飓风相关损失为500万美元,2005年第四季度为600万美元。(5)额外的木制品:(a)manbetx apk手机版请参阅Consolidat的脚注1编辑有关木制品中的反倾销费用的盈利。manbetx apk手机版(b)2006年第三季度包括与减少硬盘申请索赔的储备有关的2300万美元收入。2005年第二季度包括与桤木诉讼有关的1800万美元。2005年第三季度包括与桤木诉讼储备减少的900万美元收入以及与产品责任索赔有关的保险结算。 (c) The third quarter of 2006 includes a $51 million gain on the sale of the company's North American composites operations. (d) The third quarter of 2006 includes charges of $7 million for the impairment of fixed assets related to production curtailments. (e) 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 and third quarters of 2006 includes net gains (losses) on land and lot sales of $33 million, ($1) million and $0, 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 includes a $33 million charge for the impairment of unimproved land. (c) The second and third quarters of 2006 include charges for the impairment of assets of $3 million and $14 million, respectively. (9) Additional Corporate and Other notes: (a) 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. (b) The third quarter of 2006 includes a $9 million charge related to the acquisition of OrganicID, a research and development company. (c) The third quarter of 2006 includes an $8 million charge to write off additional goodwill associated with the coastal British Columbia operations. (d) 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. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Third party sales volumes: Q1 Q2 Q3 March March June June Sept. Sept. 26, 27, 25, 26, 24, 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 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 production volumes: Q1 Q2 Q3 March March June June Sept. Sept. 26, 27, 25, 26, 24, 25, 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 - LF 121 133 136 132 130 108 Engineered Solid Section - CF 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 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Year Third party sales volumes: Year-to-date Q4 Ended Sept. 24, Sept. 25, Dec. 25, Dec. 25, 2006 2005 2005 2005 Timberlands (thousands): Logs - cunits 2,593 2,613 939 3,552 Wood Products (millions): Softwood lumber - board feet 6,008 6,591 2,059 8,650 Plywood - square feet (3/8") 1,284 1,695 485 2,180 Veneer - square feet (3/8") 172 170 61 231 Composite panels - square feet (3/4") 765 924 305 1,229 Oriented strand board - square feet (3/8") 3,058 2,957 991 3,948 Hardwood lumber - board feet 313 321 106 427 Engineered I-Joists - lineal feet 361 371 113 484 Engineered Solid Section - cubic feet 29 29 9 38 Logs - cunits (in thousands) 127 405 46 451 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 1,923 1,869 633 2,502 Paper - tons 2,056 2,235 761 2,996 Coated groundwood - tons 170 176 56 232 Liquid packaging board - tons 199 189 69 258 Paper converting - tons 1,447 1,463 501 1,964 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 602 792 254 1,046 Packaging - MSF 55,935 54,514 19,117 73,631 Recycling - tons 2,130 2,052 676 2,728 Kraft bags and sacks - tons 62 67 22 89 Real Estate and Related Assets: Single-family homes sold 3,703 4,511 1,174 5,685 Single-family homes closed 4,083 3,725 1,922 5,647 Single-family homes sold but not closed at end of period 2,414 3,158 2,410 2,410 Total production volumes: Year Year-to-date Q4 Ended Sept. 24, Sept. 25, Dec. 25, Dec. 25, 2006 2005 2005 2005 Timberlands (thousands): Fee Depletion - cunits 6,255 6,577 2,153 8,730 Wood Products (millions): Softwood lumber - board feet 4,872 5,341 1,645 6,986 Plywood - square feet (3/8") 723 901 254 1,155 Veneer - square feet (3/8") (1) 1,404 1,532 447 1,979 Composite panels - square feet (3/4") 666 817 263 1,080 Oriented strand board - square feet (3/8") 3,144 3,043 1,035 4,078 Hardwood lumber - board feet 247 279 85 364 Engineered I-Joists - LF 387 373 110 483 Engineered Solid Section - CF 33 31 10 41 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 1,924 1,898 604 2,502 Paper - tons (2) 2,071 2,280 780 3,060 Coated groundwood - tons 171 174 60 234 Liquid packaging board - tons 209 193 71 264 Paper converting - tons 1,444 1,445 505 1,950 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 4,652 4,681 1,587 6,268 Packaging - MSF 59,181 57,959 20,130 78,089 Recycling - tons (4) 5,041 5,013 1,730 6,743 Kraft bags and sacks - tons 57 66 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 SHEETS (unaudited) (in millions) March 26, June 25, Sept. 24, Assets 2006 2006 2006 Weyerhaeuser Current assets: Cash and short-term investments $105 $113 $114 Receivables, less allowances 1,807 1,920 1,816 Inventories 2,036 1,899 1,983 Prepaid expenses 433 427 440 Assets of discontinued operations 222 219 88 Total current assets 4,603 4,578 4,441 Property and equipment 10,124 10,107 9,926 Construction in progress 640 607 640 Timber and timberlands at cost, less fee stumpage charged to disposals 3,702 3,696 3,665 Investments in and advances to equity affiliates 475 479 490 Goodwill 2,235 2,243 2,254 Deferred pension and other assets 1,284 1,303 1,265 Restricted assets held by special purpose entitites 914 916 914 23,977 23,929 23,595 Real Estate and Related Assets Cash and short-term investments 39 36 13 Receivables, less allowances 143 141 145 Real estate in process of development and for sale 1,341 1,590 1,636 Land being processed for development 1,298 1,282 1,355 Investments in unconsolidated entities, less reserves 60 66 74 Other assets 353 420 422 Assets not owned, consolidated under FIN 46R 170 154 132 3,404 3,689 3,777 Total assets $27,381 $27,618 $27,372 Liabilities and Shareholders' Interest Weyerhaeuser Current liabilities: Notes payable and commercial paper $1 $2 $222 Current maturities of long-term debt 693 551 492 Accounts payable 1,181 1,210 1,142 Accrued liabilities 1,252 1,326 1,098 Liabilities of business held for sale 22 19 18 Total current liabilities 3,149 3,108 2,972 Long-term debt 6,938 7,075 7,082 Deferred income taxes 3,998 3,909 3,848 Deferred pension, other postretirement benefits and other liabilities 1,651 1,674 1,628 Liabilities (nonrecourse to Weyerhaeuser) held by special purpose entities 763 765 762 16,499 16,531 16,292 Real Estate and Related Assets Notes payable and commercial paper 63 125 385 Long-term debt 878 628 601 Other liabilities 568 707 766 Liabilites not owned, consolidated under FIN 46R 144 127 107 1,653 1,587 1,859 Total liabilities 18,152 18,118 18,151 Shareholders' interest 9,229 9,500 9,221 Total liabilities and shareholders' interest $27,381 $27,618 $27,372 STATEMENT OF CASH FLOWS Q1 Q2 Q3 SELECTED INFORMATION March March June June Sept. Sept. (unaudited) 26, 27, 25, 26, 24, 25, (in millions) 2006 2005 2006 2005 2006 2005 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $(209) $(203) $565 $723 $95 $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) $- CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (in millions) Dec. 25, Assets 2005 Weyerhaeuser Current assets: Cash and short-term investments $818 Receivables, less allowances 1,707 Inventories 1,885 Prepaid expenses 414 Assets of discontinued operations 223 Total current assets 5,047 Property and equipment 10,345 Construction in progress 527 Timber and timberlands at cost, less fee stumpage charged to disposals 3,705 Investments in and advances to equity affiliates 486 Goodwill 2,982 Deferred pension and other assets 1,314 Restricted assets held by special purpose entitites 916 25,322 Real Estate and Related Assets Cash and short-term investments 286 Receivables, less allowances 42 Real estate in process of development and for sale 1,055 Land being processed for development 1,037 Investments in unconsolidated entities, less reserves 61 Other assets 296 Assets not owned, consolidated under FIN 46R 130 2,907 Total assets $28,229 Liabilities and Shareholders' Interest Weyerhaeuser Current liabilities: Notes payable and commercial paper $3 Current maturities of long-term debt 381 Accounts payable 1,227 Accrued liabilities 1,622 Liabilities of business held for sale 25 Total current liabilities 3,258 Long-term debt 7,404 Deferred income taxes 4,032 Deferred pension, other postretirement benefits and other liabilities 1,591 Liabilities (nonrecourse to Weyerhaeuser) held by special purpose entities 764 17,049 Real Estate and Related Assets Notes payable and commercial paper 3 Long-term debt 851 Other liabilities 417 Liabilites not owned, consolidated under FIN 46R 109 1,380 Total liabilities 18,429 Shareholders' interest 9,800 Total liabilities and shareholders' interest $28,229 STATEMENT OF CASH FLOWS Year-to-date Q4 Year Ended Sept. Sept. Dec. Dec. SELECTED INFORMATION (unaudited) 24, 25, 25, 25, (in millions) 2006 2005 2005 2005 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $451 $972 $648 $1,620 Cash paid for property and equipment $(539) $(533) $(310) $(843) Cash paid for timberlands reforestation $(27) $(24) $(8) $(32) Cash received from issuances of debt $3 $1 $- $1 Revolving credit facilities, notes and commercial paper borrowings, net $146 $2 $170 $172 Payments on debt $(226) $(1,596) $(603) $(2,178) Proceeds from the sale of operations $187 $1,107 $102 $1,209 Repurchases of common stock $(332) $- $(11) $(11)
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