Chart Newsroom

Print News Release

Weyerhaeuser Reports 3rd Quarter Net Earnings of $101 Million, or 47 Cents per Diluted Share, on Sales of $4.1 Billion

PRNewswire-FirstCall
FEDERAL WAY, Wash.
Oct 31, 2007

Weyerhaeuser Company (NYSE: WY) today reported net earnings of $101 million for the third quarter of 2007, or 47 cents per diluted share, on sales of $4.1 billion.

  (Logo: http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a)
  (Logo: http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b)

  Third quarter 2007 earnings include the following after-tax items:

  *  A charge of $17 million, or 8 cents per diluted share, for closures,
     restructuring and asset impairments in our Wood Products segment.

  *  A charge of $17 million, or 8 cents per diluted share related to the
     restructuring of administrative functions, including a Canadian
     regional office, and one-time costs to transition to a new information
     technology provider.

  *  A charge of $16 million, or 7 cents per diluted share, for the
     impairment of real estate assets;

  *  A net gain of $26 million, or 12 cents per diluted share, related to
     legal settlements.

  *  A gain of $7 million, or 3 cents per diluted share, on the sale of
     operations and previously closed plant sites.

Excluding these items, the company earned $118 million, or 55 cents per diluted share, in the third quarter of 2007.

Third quarter 2006 results have been recast to reflect the fine paper business and related assets included in the Domtar transaction as discontinued operations and to apply the new accounting pronouncement to expense planned major maintenance costs as incurred.

For third quarter 2006, Weyerhaeuser net earnings were $224 million, or 91 cents per diluted share, on net sales of $4.6 billion. Third quarter 2006 earnings include the following after-tax items:

  *  A gain of $31 million, or 13 cents per diluted share, from the sale of
     the North American composites business.

  *  A gain of $15 million, or 6 cents per diluted share, due to a reduction
     of the reserve for hardboard siding claims.

  *  A charge of $25 million, or 10 cents per diluted share, for the
     additional impairment of assets related to the closure of the Prince
     Albert, Saskatchewan facility and the write-off of additional goodwill
     associated with the former BC Coastal business.

  *  A charge of $18 million, or 7 cents per diluted share, for asset
     impairments and costs associated with facility closures or
     curtailments, primarily in the Wood Products segment.

  *  A charge of $9 million, or 4 cents per diluted share, for impairment of
     real estate assets.

  *  A charge of $6 million, or 2 cents per diluted share, related to the
     previously announced acquisition of OrganicID, a research and
     development company.

Excluding these items, the company earned $236 million, or 95 cents per diluted share, in the third quarter of 2006.

  SUMMARY OF THIRD QUARTER BUSINESS PERFORMANCE

  *  Timberlands - The continued weakness in the wood products markets
     resulted in lower log prices, but sales of non-strategic timberlands
     increased.

  *  Wood Products - Demand for wood products continued to weaken.

  *  Cellulose Fibers - Prices continued to increase and productivity
     improved.

  *  Containerboard Packaging and Recycling - Mill productivity improvements
     and decreased annual scheduled maintenance downtime were partially
     offset by seasonally-lower packaging shipments and higher costs for old
     corrugated containers (OCC).

  *  Real Estate and Related Assets - Housing markets continued to decline.
     Single-family closings increased seasonally and margins improved due to
     mix.

"An already weak wood products market deteriorated further during the third quarter," said Steven R. Rogel, chairman, president and chief executive officer. "We were adjusting our production to meet our reduced order level, but we took additional action in the quarter as demand and prices slid. We will continually adjust our operating posture as necessary to balance production with demand.

"Meanwhile, the work we've done to operate more efficiently resulted in improved mill productivity in our Cellulose Fibers and Containerboard Packaging businesses. We expect improved price realizations in both businesses in the fourth quarter."

  SUMMARY OF THIRD QUARTER FINANCIAL HIGHLIGHTS

  Millions (except per
   share data)                     3Q 2007         3Q 2006       Change
  Net earnings                       $101            $224        ($123)
  Earnings per diluted share        $0.47           $0.91       ($0.44)
  Net sales                        $4,146          $4,554        ($408)


  SEGMENT RESULTS FOR THIRD QUARTER
  (Contributions to Pre-Tax
    Earnings)

  Millions                         3Q 2007         3Q 2006        Change
  Timberlands                        $165            $178         ($13)
  Wood Products                     ($131)            $11        ($142)
  Cellulose Fibers                    $79             $66          $13
  Fine Paper                           $0             $68         ($68)
  Containerboard, Packaging and
   Recycling                         $104             $97           $7
  Real Estate and Related Assets      $60            $135         ($75)

  Timberlands

                                   3Q 2007          2Q 2007      Change
  Contribution to pre-tax
   earnings (millions)               $165             142          $23

3Q 2007 Performance - Export and domestic log prices declined in the West while log prices in the South were relatively unchanged. Total fee harvest declined slightly, but third party log sales volumes increased as fewer logs were consumed by company mills. Higher sales of non-strategic timberlands in the third quarter offset the effect of declining log prices.

4Q 2007 Outlook - Weyerhaeuser expects Timberlands earnings to be lower in the fourth quarter compared with third quarter due to expectations that:

  *  The continued weakness in housing markets will result in lower prices
     in both the export and domestic markets, and lower log sales volumes in
     the West.

  *  The company will complete fewer non-strategic timberlands transactions
     in the fourth quarter.


  Wood Products

                                   3Q 2007          2Q 2007      Change

  Contribution to pre-tax
   earnings (loss) (millions)      ($131)           ($123)        ($8)


3Q 2007 Performance - Excluding the pre-tax items noted below, the segment's net loss increased $36 million from the second quarter, reflecting continued difficult market conditions.

  Third quarter 2007 includes:

  *  Charges of $25 million for facility closures, asset impairments and
     restructuring costs,

  *  A charge of $4 million for the settlement of alder litigation, and

  *  A gain of $7 million on the sale of a veneer facility and a previously
     closed customer service center site.

  Second quarter 2007 includes:

  *  Charges of $33 million for asset impairments, facility closures and the
     sale of the Canadian distribution business, and

  *  A charge of $17 million for the settlement of alder litigation.

Declining housing starts continued to affect segment results. Average realized prices for plywood and oriented strand board increased slightly from the second quarter, but were offset by decreased lumber prices. Sales volumes declined for each of the segment's building products. The strengthening Canadian dollar unfavorably affected the earnings contribution from products manufactured in Canada.

4Q 2007 Outlook - The company expects the segment's operating loss to increase in fourth quarter compared with the third quarter due to the traditional seasonal slowdown and continuing pressures on volumes and prices.

On Oct. 18, the company announced indefinite curtailments at three mills and expects to continue actively adjusting operating posture to balance production with demand.

  CELLULOSE FIBERS
                                    3Q 2007         2Q 2007       Change

  Contribution to pre-tax earnings
   (millions)                         $79             $48          $31


3Q 2007 Performance - Market conditions continued to improve and pulp prices increased. Pulp shipment volumes declined in the third quarter, primarily due to changes in the brokerage relationship associated with the transition of mills to Domtar. Mill productivity improved while costs declined due to less downtime for annual maintenance.

4Q 2007 Outlook - Weyerhaeuser expects favorable market conditions to continue, resulting in slightly higher earnings from the segment in fourth quarter.

  CONTAINERBOARD, PACKAGING AND RECYCLING

                                     3Q 2007        2Q 2007       Change

  Contribution to pre-tax earnings
   (millions)                          $104           $112         ($8)


3Q 2007 Performance - Excluding the pre-tax items noted below, the segment's earnings increased $13 million from second quarter.

  Third quarter 2007 includes:

  *  A gain of $3 million on the sale of a previously closed box plant site.

  Second quarter 2007 included:

  *  A gain of $29 million on the sale of a previously closed box plant site
     in California.

  *  Charges of $5 million related to a fire and subsequent closure of a box
     plant.

Productivity improved and annual scheduled maintenance downtime decreased at the containerboard mills. OCC costs increased. Energy costs were seasonally lower. Average packaging price realizations decreased mainly due to product mix. Converting cost reductions partially offset decreased packaging price realizations and seasonally lower shipments.

4Q 2007 Outlook - Weyerhaeuser expects fourth quarter earnings for the segment to be comparable to third quarter due to expectations that:

  *  Packaging and containerboard price realizations will improve.

  *  OCC costs will moderate.

  *  Additional scheduled maintenance downtime and higher seasonal energy
     costs will offset the improved price realizations.


  REAL ESTATE AND RELATED ASSETS

                                      3Q 2007      2Q 2007       Change

  Contribution to pre-tax earnings
   (millions)                           $60          $64          ($4)


3Q 2007 Performance - Excluding the pre-tax items noted below, the segment's earnings increased $19 million from second quarter.

  Third quarter 2007 includes:

  *  Gains of $30 million from land sales.

  *  Asset impairment charges of $23 million.

  Second quarter 2007 includes:

  *  A gain of $42 million on the sale of an apartment project.

  *  Asset impairment charges of $12 million.

Single-family home closings increased compared with the second quarter. Average closing prices continued to decline. Margins increased due to mix. The backlog of homes sold, but not closed, declined to approximately four and one-half months.

4Q 2007 Outlook - Weyerhaeuser expects earnings from single-family home closings to be significantly lower than the third quarter due to declining market conditions. Land sales not yet under contract that may close in fourth quarter could offset some of this decline.

ABOUT WEYERHAEUSER

Weyerhaeuser Company, one of the world's largest forest products companies, was incorporated in 1900. In 2006, sales were $21.9 billion. It has offices or operations in 18 countries, with customers worldwide. Weyerhaeuser is principally engaged in the growing and harvesting of timber; the manufacture, distribution and sale of forest products; and real estate construction, development and related activities. Additional information about Weyerhaeuser's businesses, products and practices is available at http://www.weyerhaeuser.com/.

EARNINGS CALL INFORMATION

Weyerhaeuser will hold a live conference call at 7 a.m. Pacific (10 a.m. Eastern) on Oct. 31 to discuss third quarter results.

To access the conference call from within North America, dial 1-800-218-4007 at least 15 minutes prior to the call. Those calling from outside North America should dial 1-303-262-2075. Replays will be available for one week at 1-800-405-2236 (access code - 11098530#) from within North America and at 1-303-590-3000 (access code - 11098530#) from outside North America.

The call is being webcast through Weyerhaeuser's Internet site at http://investor.weyerhaeuser.com/ by clicking on the "Q3 2007 Earnings Conference Call" link.

The webcast is available through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.fulldisclosure.com/, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson's password-protected site, StreetEvents (http://www.streetevents.com/).

FORWARD LOOKING STATEMENT

This news release contains statements concerning the company's future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of these forward-looking statements can be identified by the use of forward-looking terminology such as "expects," "may," "will," "believes," "should," "approximately," anticipates," "estimates," and "plans," and the negative or other variations of those terms or comparable terminology or by discussions of strategy, plans or intentions. In particular, some of these forward-looking statements deal with expectations for fourth quarter 2007 regarding the company's markets, earnings and performance of the company's business segments, price realizations, demand, sales volumes and pricing for the company's products, land sales, product mix, OCC and fiber costs, higher seasonal energy costs, operating postures and scheduled annual maintenance downtime, and related matters. The accuracy of such statements is subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to:

  *  The effect of general economic conditions, including the level of
     interest rates and housing starts;
  *  Market demand for the company's products, which may be tied to the
     relative strength of various U.S. business segments;
  *  Energy prices;
  *  Raw material prices;
  *  Chemical prices;
  *  Performance of the company's manufacturing operations including
     unexpected maintenance requirements;
  *  The successful execution of internal performance plans;
  *  The level of competition from domestic and foreign producers;
  *  The effect of forestry, land use, environmental and other governmental
     regulations, and changes in accounting regulations;
  *  The effect of weather;
  *  The risk of loss from fires, floods, windstorms, hurricanes, pest
     infestation 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.

  For more information contact:

   Media - Bruce Amundson (253) 924-3047
   Analysts - Kathryn McAuley (253) 924-2058


  WEYERHAEUSER COMPANY
  STATISTICAL INFORMATION  (unaudited)

  CONSOLIDATED
   EARNINGS                 Q1                Q2                 Q3
   (in millions)     April 1, March 26, July 1, June 25, Sept. 30, Sept. 24,
                       2007     2006     2007     2006     2007      2006
  Net sales and
   revenues:
    Weyerhaeuser      $3,404   $3,761   $3,775   $4,121   $3,548    $3,805
    Real Estate
     and Related
     Assets              487      690      559      746      598       749
  Total net sales
   and revenues        3,891    4,451    4,334    4,867    4,146     4,554

  Costs and expenses:
    Weyerhaeuser:
     Costs of
      products
      sold (1)         2,785    2,947    3,085    3,190    2,845     3,038
     Depreciation,
      depletion and
      amortization       232      233      223      231      230       231
     Selling expenses    109      100      109      117      102       111
     General and
      administrative
      expenses           200      235      199      205      184       214
     Research and
      development
      expenses (2)        16       16       18       15       18        23
     Charges
      (reversals) for
      restructuring (3)    3       (1)       2       18       16         4
     Charges for
      closure of
      facilities (4)       5        2       19        5       19        15
     Impairment of
      goodwill (5)        22        -        -        -        1        -
     Refund of
      countervailing
      and anti-dumping
      duties               -        -        -        -        -        -
     Other operating
      costs (income),
      net (6) (7)         21       31        5      (26)       1       (36)
                       3,393    3,563    3,660    3,755    3,416     3,600
    Real Estate and
     Related Assets:
     Costs and
      operating
      expenses (8)       379      482      415      553      451       539
     Depreciation and
      amortization         6        3        5        4        6        10
     Selling expenses     41       37       45       43       45        44
     General and
      administrative
      expenses            28       30       27       35       26        30
     Other operating
      costs (income),
      net                 (4)      (3)       4        3       (4)       (2)
     Impairment of
      long-lived
      assets               -        -       12        3       23        14
                         450      549      508      641      547       635
  Total costs and
   expenses            3,843    4,112    4,168    4,396    3,963     4,235

  Operating income        48      339      166      471      183       319

  Interest expense and
   other:
    Weyerhaeuser:
     Interest expense
      incurred (9)      (131)    (128)    (179)    (129)    (131)     (126)
     Less: interest
      capitalized         30       16       29       20       29        21
     Interest income
      and other           20       19       25       15       20        17
     Equity in income
      (loss) of
      affiliates (10)     (1)       3        1        6        5        -
    Real Estate and
     Related Assets:
     Interest expense
      incurred           (12)     (14)     (16)     (14)     (16)      (12)
     Less: interest
      capitalized         12       14       16       14       16        12
     Interest income
      and other            3       10        1        3        1         7
     Equity in income
      of unconsolidated
      entities            18       21       12       15        8        14
  Earnings (loss) from
   continuing
   operations before
   income taxes          (13)     280       55      401      115       252
  Income taxes (1)(11)    (3)    (100)     (18)     (92)     (41)      (86)
  Earnings (loss) from
   continuing
   operations            (16)     180       37      309       74       166
  Earnings (loss) from
   discontinued
   operations, net of
   taxes (12)            771     (756)      (5)     (11)      27        58
  Net earnings (loss)
   (1)                  $755    $(576)     $32     $298     $101      $224

  Basic net earnings
   (loss) per share:
    Continuing
     operations       $(0.07)   $0.73    $0.17    $1.24    $0.34     $0.67
    Discontinued
     operations         3.31    (3.07)   (0.02)   (0.04)    0.13      0.24
    Net earnings
     (loss) per share  $3.24   $(2.34)   $0.15    $1.20    $0.47     $0.91

  Diluted net earnings
   (loss) per share:
    Continuing
     operations       $(0.07)   $0.73    $0.17     1.23    $0.34     $0.67
    Discontinued
     operations         3.31    (3.06)   (0.02)   (0.04)    0.13      0.24
    Net earnings
     (loss) per share  $3.24   $(2.33)   $0.15    $1.19    $0.47     $0.91

  Dividends paid per
   share               $0.60    $0.50    $0.60    $0.50    $0.60     $0.60

  Weighted average
   shares outstanding
   (in thousands):
    Basic            233,242  245,794  217,688  248,147  215,154   247,428
    Diluted          233,242  246,970  218,743  249,194  215,828   247,900
  Common and
   exchangeable shares
   outstanding at end
   of period (in
   thousands)        217,726  247,555  217,759  248,269  211,106   242,929



                                                                   Year-to-
  CONSOLIDATED EARNINGS                    Year-to-date      Q4      date
   (in millions)                       Sept. 30, Sept. 24, Dec. 31, Dec. 31,
                                          2007      2006     2006     2006
  Net sales and revenues:
      Weyerhaeuser                      $10,727   $11,687   $3,649  $15,336
      Real Estate and Related Assets      1,644     2,185    1,150    3,335
  Total net sales and revenues           12,371    13,872    4,799   18,671

  Costs and expenses:
      Weyerhaeuser:
       Costs of products sold (1)         8,715     9,175    3,007   12,182
       Depreciation, depletion and
        amortization                        685       695      252      947
       Selling expenses                     320       328      123      451
       General and administrative
        expenses                            583       654      241      895
       Research and development
        expenses (2)                         52        54       15       69
       Charges (reversals) for
        restructuring (3)                    21        21        -       21
       Charges for closure of
        facilities (4)                       43        22       50       72
       Impairment of goodwill (5)            23         -        -        -
       Refund of countervailing and
        anti-dumping duties                   -         -     (344)    (344)
       Other operating costs (income),
        net (6) (7)                          27       (31)    (105)    (136)
                                         10,469    10,918    3,239   14,157
      Real Estate and Related Assets:
       Costs and operating
        expenses (8)                      1,245     1,574      764    2,338
       Depreciation and amortization         17        17        8       25
       Selling expenses                     131       124       56      180
       General and administrative
        expenses                             81        95       29      124
       Other operating costs (income),
        net                                  (4)       (2)      (1)      (3)
       Impairment of long-lived assets       35        17       19       36
                                          1,505     1,825      875    2,700
  Total costs and expenses               11,974    12,743    4,114   16,857

  Operating income                          397     1,129      685    1,814

  Interest expense and other:
      Weyerhaeuser:
       Interest expense incurred (9)       (441)     (383)    (136)    (519)
       Less: interest capitalized            88        57       27       84
       Interest income and other             65        51       19       70
       Equity in income (loss) of
        affiliates (10)                       5         9       (2)       7
      Real Estate and Related Assets:
       Interest expense incurred            (44)      (40)     (15)     (55)
       Less: interest capitalized            44        40       15       55
       Interest income and other              5        20       10       30
       Equity in income of
        unconsolidated entities              38        50        8       58
  Earnings (loss) from continuing
   operations before income taxes           157       933      611    1,544
  Income taxes (1) (11)                     (62)     (278)    (202)    (480)
  Earnings (loss) from continuing
   operations                                95       655      409    1,064
  Earnings (loss) from discontinued
   operations, net of taxes (12)            793      (709)      98     (611)
  Net earnings (loss) (1)                  $888      $(54)    $507     $453

  Basic net earnings (loss)
   per share:
      Continuing operations               $0.43     $2.65    $1.72    $4.35
      Discontinued operations              3.57     (2.87)    0.40    (2.50)
      Net earnings (loss) per share       $4.00    $(0.22)   $2.12    $1.85

  Diluted net earnings (loss)
   per share:
      Continuing operations               $0.43     $2.65    $1.72    $4.33
      Discontinued operations              3.55     (2.87)    0.40    (2.49)
      Net earnings (loss) per share       $3.98    $(0.22)   $2.12    $1.84

  Dividends paid per share                $1.80     $1.60    $0.60    $2.20

  Weighted average shares outstanding
   (in thousands):
      Basic                             222,028   247,123  238,824  244,931
      Diluted                           223,083   247,123  239,525  245,780
  Common and exchangeable shares
   outstanding at end of period (in
   thousands)                           211,106   242,929  238,008  238,008


  WEYERHAEUSER COMPANY
  STATISTICAL INFORMATION (unaudited)
  FOOTNOTES TO CONSOLIDATED EARNINGS
  (in millions)

  (1)  The following adjustments were made to 2006 quarterly results to
       apply a new accounting pronouncement to expense planned major
       maintenance costs as incurred:

                                                 Year-to-         Year-to-
                                                   date             date
                      Q1 2006  Q2 2006  Q3 2006  Q3 2006  Q4 2006   2006
  Cellulose Fibers     $(5)     $(10)    $13      $(2)       $2      $-
  Fine Paper             7       (10)      6        3        (3)      -
  Containerboard,
   Packaging, and
   Recycling             4        (5)      1        -         -       -
                         6       (25)     20        1        (1)      -
  Income taxes          (2)        9      (7)       -         -       -
  Net earnings (loss)   $4      $(16)    $13       $1       $(1)     $-

  (2)  The third quarter of 2006 includes a $9 million charge related to
       the acquisition of OrganicID, a research and development company.

  (3)  The second quarter of 2006 includes an $18 million charge related to
       the restructuring of the Containerboard, Packaging, and Recycling
       business model.

  (4)  See detail of closure charges by segment on page 4.

  (5)  The first quarter of 2007 includes a charge of $22 million for the
       impairment of goodwill associated with Canadian wood products
       distribution facilities.

  (6)  Includes net foreign exchange gains (losses), primarily from
       fluctuations in Canadian and New Zealand exchange rates:

                                                 Year-            Year-
                                                  to-              to-
                                                 date             date
       Q1     Q1     Q2     Q2    Q3    Q3     Q3    Q3     Q4
      2007   2006   2007   2006  2007  2006   2007  2006   2006   2006

       $7   $(26)    $29    $21   $2    $17    $38   $12    $15    $27


  (7)  The first and second quarters of 2007 include $34 million and
       $12 million, respectively, in asset impairments related to wood
       products facilities. The second quarter also includes a $29 million
       gain on the sale of a previously closed box plant site, a
       $40 million charge for legal settlements and a contract termination,
       and $6 million in additional charges related to the sale of Canadian
       Wood Products distribution facilities. The third quarter of 2007
       includes gains of $9 million on the sale of previously closed
       facility sites, a $4 million charge for a legal settlement, and
       charges of $13 million to transition to a new IT service provider.
       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 fourth quarter of 2006 includes
       $95 million of income related to a reversal of the reserve for alder
       litigation claims.

  (8)  The first quarter of 2006 includes income of $8 million related to a
       warranty insurance recovery.

  (9)  The second quarter of 2007 includes a $42 million charge related to
       the early extinguishment of debt.

  (10) The third quarter of 2006 includes a $2 million charge related to
       the impairment of investments in equity affiliates.

  (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.

  (12) Discontinued operations includes the net operating results of the
       operations of the fine paper business and related assets and the
       North American and European composite panels operations. The first
       quarter of 2007 includes a pretax gain of $682 million and related
       tax benefit of $74 million and the second quarter of 2007 includes
       pretax charges of $4 million related to the distribution of the fine
       paper business and related assets to Weyerhaeuser shareholders. The
       third quarter of 2007 includes pre-tax income of $43 million from
       the settlement of litigation associated with an Ontario fine paper
       mill. 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. The third quarter
       of 2006 includes a pretax gain of $51 million and related tax
       expense of $18 million associated with the sale of the North
       American composite panels operations and an $8 million charge to
       write off additional goodwill associated with the coastal British
       Columbia operations. The fourth quarter of 2006 includes a pretax
       gain of $45 million and related tax expense of $4 million associated
       with the sale of the Irish composite panels operations.


  WEYERHAEUSER COMPANY
  STATISTICAL INFORMATION  (unaudited)

  Net sales and
   revenues (in
   millions):
   (1)(2)                  Q1                Q2            Q3        Q3
                    April 1, March 26, July 1, June 25, Sept. 30, Sept. 24,
                      2007     2006     2007    2006      2007      2006
  Timberlands:
     Logs              $170     $201    $172     $198     $168      $200
     Other products      63       62      39       71       81        46
                        233      263     211      269      249       246
  Wood Products:
     Softwood
      lumber            574      782     647      857      580       733
     Plywood            100      135     106      147       89       134
     Veneer               9       13      14       13       13         9
     Composite
      panels             24      121      24      140       20        71
     Oriented
      strand board      152      287     153      273      151       203
     Hardwood lumber     90       99      99      105       89        96
     Engineered
      I-Joists          117      169     147      202      124       162
     Engineered solid
      section           155      204     185      231      155       190
     Logs                 6        7       4        5        3         5
     Other products     243      256     283      327      225       302
                      1,470    2,073   1,662    2,300    1,449     1,905
  Cellulose Fibers:
     Pulp               405      394     370      402      345       404
     Liquid packaging
      board              56       46      72       62       61        59
     Other products      21       13      28       16       30        19
                        482      453     470      480      436       482

  Fine Paper: (2)
     Paper              432      613       -      601        -       604
     Coated groundwood   26       40       -       44        -        42
     Other products       1        1       -        1        -         2
                        459      654       -      646        -       648

  Containerboard,
   Packaging
   and Recycling:
     Containerboard     119       82     109       84       99        92
     Packaging          951      911   1,043    1,002    1,015       997
     Recycling           94       80     103       85      106        89
     Bags                23       20      23       20       23        23
     Other products      39       34      49       46       50        44
                      1,226    1,127   1,327    1,237    1,293     1,245

  Real Estate and
   Related Assets       487      690     559      746      598       749

  Corporate and Other    97      116     105      117      121       123

  Less: sales of
   discontinued
   operations          (563)    (925)      -     (928)       -      (844)

                     $3,891   $4,451  $4,334   $4,867   $4,146    $4,554


  Net sales and revenues
   (in millions): (1) (2)
                                     Year-to-date         Q4   Year-to-date
                                 Sept. 30,  Sept. 24,  Dec. 31,  Dec. 31,
                                    2007       2006      2006      2006
  Timberlands:
      Logs                           510       $599      $182      $781
      Other products                 183        179        56       235
                                     693        778       238     1,016
  Wood Products:
      Softwood lumber              1,801      2,372       625     2,997
      Plywood                        295        416       113       529
      Veneer                          36         35         7        42
      Composite panels                68        332        25       357
      Oriented strand board          456        763       176       939
      Hardwood lumber                278        300        98       398
      Engineered I-Joists            388        533       137       670
      Engineered solid section       495        625       169       794
      Logs                            13         17         6        23
      Other products                 751        885       268     1,153
                                   4,581      6,278     1,624     7,902
  Cellulose Fibers:
      Pulp                         1,120      1,200       457     1,657
      Liquid packaging board         189        167        62       229
      Other products                  79         48        22        70
                                   1,388      1,415       541     1,956

  Fine Paper: (2)
      Paper                          432      1,818       652     2,470
      Coated groundwood               26        126        45       171
      Other products                   1          4         -         4
                                     459      1,948       697     2,645

  Containerboard, Packaging and
   Recycling:
      Containerboard                 327        258       119       377
      Packaging                    3,009      2,910     1,021     3,931
      Recycling                      303        254        91       345
      Bags                            69         63        25        88
      Other products                 138        124        47       171
                                   3,846      3,609     1,303     4,912

  Real Estate and Related Assets   1,644      2,185     1,150     3,335

  Corporate and Other                323        356       128       484

  Less: sales of discontinued
   operations                       (563)    (2,697)     (882)   (3,579)

                                  12,371    $13,872    $4,799   $18,671

  (1) The fourth quarter of 2006 includes 14 weeks of operations compared to
      13 weeks in all other quarters.

  (2) First quarter 2007 results include 9 weeks of operations for the fine
      paper business and related assets, prior to the distribution of these
      assets to Weyerhaeuser shareholders.


  Contribution (charge) to
   pre-tax earnings:
   (in millions)            Q1                Q2                 Q3
                     April 1, March 26, July 1, June 25, Sept. 30, Sept. 24,
                       2007     2006     2007    2006      2007      2006
  Timberlands
   (1) (2)             $175     $198     $142    $224      $165      $178
  Wood Products
   (1) (2) (5)         (167)     117     (123)    131      (131)       11
  Cellulose Fibers
   (1) (2) (4)           22       (5)      48      23        79        66
  Fine Paper
   (1) (2) (4) (6)       20     (756)       -     (20)        -        68
  Containerboard,
   Packaging
   and Recycling
   (1) (2) (4) (7)       67       26      112      69       104        97
  Real Estate
   and Related
   Assets (2) (8)        58      172       64     123        60       135
  Corporate and Other
   (1) (2) (3) (9)      633     (102)     (44)    (40)      (16)      (78)
                       $808    $(350)    $199    $510      $261      $477


  Contribution (charge) to
   pre-tax earnings:
   (in millions)                      Year-to-date          Q4  Year-to-date
                                   Sept. 30,  Sept. 24,  Dec. 31,  Dec. 31,
                                     2007       2006       2006      2006

  Timberlands  (1) (2)               $482       $600       $167      $767
  Wood Products  (1) (2) (5)         (421)       259        205       464
  Cellulose Fibers  (1) (2) (4)       149         84         58       142
  Fine Paper  (1) (2) (4) (6)          20       (708)        61      (647)
  Containerboard, Packaging and
   Recycling  (1) (2) (4) (7)         283        192         71       263
  Real Estate and Related Assets
   (2) (8)                            182        430        293       723
  Corporate and Other
   (1) (2) (3) (9)                    573       (220)        (3)     (223)
                                   $1,268       $637       $852    $1,489



  WEYERHAEUSER COMPANY
  STATISTICAL INFORMATION  (unaudited)
  FOOTNOTES TO CONTRIBUTION (CHARGE) TO PRE-TAX EARNINGS
  (in millions)

  (1) Closure charges by segment:         Q1    Q1    Q2    Q2    Q3    Q3
                                         2007  2006  2007  2006  2007  2006
      Timberlands                         $-    $-    $-    $-    $-    $-
      Wood Products                        3     -    15     1    19    10
      Cellulose Fibers                     -    (1)    -     -    (1)    1
      Fine Paper                           2     -     -    11     -     3
      Containerboard, Packaging and
       Recycling                           2     2     3     5     -     3
      Corporate and Other                  -     -     1     -     1    26
                                          $7    $1   $19   $17   $19   $43


                                                                   Year-to-
                                           Year-to-date              date
      Closure charges by segment:        Q3 2007  Q3 2006  Q4 2006   2006
      Timberlands                           $-       $-       $1       $1
      Wood Products                         37       11       48       59
      Cellulose Fibers                      (1)       -       (3)      (3)
      Fine Paper                             2       14        1       15
      Containerboard, Packaging and
       Recycling                             5       10        4       14
      Corporate and Other                    2       26        -       26
                                           $45      $61      $51     $112

       The above closure charges include costs incurred within the
       company's discontinued operations.


  (2) Share-based compensation charges
       (income) recognized by segment:
                                          Q1    Q1    Q2    Q2    Q3    Q3
                                         2007  2006  2007  2006  2007  2006
      Timberlands                         $1    $1    $-    $-    $1    $-
      Wood Products                        2     2     2     -     1     -
      Cellulose Fibers                     2     1     -     -     -     -
      Fine Paper                           -     -     -     -     -     1
      Containerboard, Packaging and
       Recycling                           1     2     2    (1)    1     1
      Real Estate and Related Assets       2     -     1     2     -     -
      Corporate and Other                 14    15     5    (5)    -     1
                                         $22   $21   $10   $(4)   $3    $3


      Share-based compensation charges
       (income) recognized by segment:
                                                                  Year-to-
                                          Year-to-date              date
                                        Q3 2007  Q3 2006  Q4 2006   2006
      Timberlands                          $2       $1      $-       $1
      Wood Products                         5        2       1        3
      Cellulose Fibers                      2        1       1        2
      Fine Paper                            -        1       -        1
      Containerboard, Packaging and
       Recycling                            4        2       -        2
      Real Estate and Related Assets        3        2       -        2
      Corporate and Other                  19       11       7       18
                                          $35      $20      $9      $29


  (3) Net foreign exchange gains
       (losses) included in
       Corporate and Other:
                                          Q1    Q1    Q2    Q2    Q3    Q3
                                         2007  2006  2007  2006  2007  2006

                                          $7  $(26)  $34   $20    $2   $17

      Net foreign exchange gains
       (losses) included in
       Corporate and Other:

                                       Year-to-date            Year-to-date
                                     Q3 2007  Q3 2006  Q4 2006     2006
                                        $43      $11      $14      $25


  (5) Additional Wood Products notes:
      (a) The first quarter of 2007 includes charges of $22 million for the
          impairment of goodwill associated with Canadian distribution
          facilities and $34 million in asset impairments related to wood
          products facilities.
      (b) The second quarter of 2007 includes a charge of $17 million for
          expected settlement of litigation.
      (c) The second quarter of 2007 includes charges of $12 million in
          asset impairments related to wood products facilities and
          $6 million in additional charges related to the sale of Canadian
          distribution facilities.
      (d) The third quarter of 2007 includes $7 million of income from the
          sale of a veneer facility and a previously closed distribution
          center site.
      (e) The third quarter of 2007 includes charges of $4 million for the
          settlement of litigation, $4 million for restructuring activities
          and $1 million in goodwill impairment.
      (f) The third quarter of 2006 includes $23 million of income related
          to a reduction of the reserves for hardboard siding claims.
      (g) The third quarter of 2006 includes a $51 million gain on the sale
          of the company's North American composite panels operations.
      (h) The third quarter of 2006 includes charges of $7 million for the
          impairment of fixed assets related to production curtailments.
      (i) The fourth quarter of 2006 includes $344 million of income from
          the refund of countervailing and anti-dumping duties.
      (j) The fourth quarter of 2006 includes $95 million of income related
          to a reversal of the reserves for alder litigation claims.

  (6) Additional Fine Paper 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 quarter of 2007 includes a $29 million gain on the
          sale of a previously closed box plant site in California and
          $3 million in charges related to a fire at the Closter, NJ box
          plant.
      (b) The third quarter of 2007 includes $3 million of income related
          to the sale of a previously closed box plant site.
      (c) 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.

  (8) Additional Real Estate and Related Assets notes:
      (a) The first, second and third quarters of 2007 includes net gains
          (losses) on land and lot sales of $3 million, $3 million, and
          $30 million, respectively. The first, second, third and fourth
          quarters of 2006 include net gains (losses) on land and lot sales
          of $33 million, ($1) million, $0, and $110 million, respectively,
          or $142 million year-to-date.
      (b) The second quarter of 2007 includes a gain of $42 million on the
          sale of an apartment project. The fourth quarter of 2006 includes
          a $28 million gain on the sale of an apartment building.
      (c) The second and third quarters of 2007 include charges for the
          impairment of assets of $12 million, $23 million, respectively,
          or $35 million year-to-date. The second, third, and fourth
          quarters of 2006 include charges for the impairment of assets of
          $3 million, $14 million, and $19 million, respectively, or
          $36 million year-to-date.
      (d) 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.

  (9) Additional Corporate and Other notes:
      (a) The first quarter of 2007 includes a $682 million pretax gain and
          the second quarter includes charges of $4 million related to the
          distribution of the fine paper business and related assets to
          Weyerhaeuser shareholders.
      (b) The second quarter of 2007 includes a $23 million charge for
          legal settlements and a contract termination.
      (c) The third quarter of 2007 includes a $43 million gain on the
          settlement of litigation.
      (d) The third quarter of 2007 includes charges of $20 million for
          restructuring activities and the transition to a new IT service
          provider.
      (e) The third quarter of 2006 includes an $8 million charge to write
          off additional goodwill associated with the coastal British
          Columbia operations.
      (f) The third quarter of 2006 includes a $9 million charge related to
          the acquisition of OrganicID, a research and development company.
      (g) The fourth quarter of 2006 includes a $45 million pretax gain on
          the sale of the company's Irish composite panels operations.


  WEYERHAEUSER COMPANY
  STATISTICAL INFORMATION (unaudited)

  Third party sales
   volumes: (1) (2)         Q1                Q2                 Q3
                     April 1, March 26, July 1, June 25, Sept. 30, Sept. 24,
                       2007     2006     2007    2006      2007      2006
  Timberlands
   (thousands):
     Logs - cunits      750      935      762     808       805       850

  Wood Products
   (millions):
     Softwood lumber
      - board feet    1,657    1,921    1,805   2,113     1,654     1,974
     Plywood - square
      feet (3/8")       310      389      305     458       240       437
     Veneer - square
      feet (3/8")        57       61       82      63        73        48
     Composite panels
      - square
      feet (3/4")        36      302       35     324        29       139
     Oriented strand
      board -  square
      feet (3/8")       942    1,000      899   1,069       835       989
     Hardwood lumber
      - board feet       89      103       99     110        93       100
     Engineered
      I-Joists -
      lineal feet        82      114      108     137        92       110
     Engineered solid
      section - cubic
      feet                7        9       10      11         8         9
     Logs - cunits (in
      thousands)         46       55       33      46        34        26

  Cellulose Fibers
   (thousands):
     Pulp - air-dry
      metric tons       594      651      524     647       470       625
     Liquid packaging
      board - tons       67       56       82      71        72        72

  Fine Paper (thousands):
   (2)
     Paper - tons       461      753        -     662         -       641
     Coated groundwood
      - tons             38       52        -      59         -        59
     Paper converting
      - tons            318      511        -     474         -       462

  Containerboard,
   Packaging
   and Recycling
   (thousands):
     Containerboard
      - tons            259      211      230     189       205       202
     Packaging
      - MSF          17,754   18,342   18,965  19,168    18,751    18,425
     Recycling
      - tons            654      733      656     719       632       678
     Kraft bags and
      sacks - tons       25       20       23      20        25        22

  Real Estate and
   Related Assets:
     Single-family
      homes sold      1,684    1,472    1,139   1,325       734       906
     Single-family
      homes closed      976    1,161    1,062   1,483     1,145     1,439
     Single-family
      homes sold but
      not closed at
      end of period   2,207    3,105    2,284   2,947     1,873     2,414


  Third party sales
   volumes: (1) (2)                   Year-to-date        Q4    Year-to-date
                                  Sept. 30,  Sept. 24,  Dec. 31,   Dec. 31,
                                    2007       2006      2006       2006
  Timberlands (thousands):
      Logs - cunits                2,317      2,593       843      3,436

  Wood Products (millions):
      Softwood lumber
       - board feet                5,116      6,008     1,863      7,871
      Plywood  - square
       feet (3/8")                   855      1,284       379      1,663
      Veneer - square
       feet (3/8")                   212        172        43        215
      Composite panels
       - square feet (3/4")          100        765        37        802
      Oriented strand board
       - square feet (3/8")        2,676      3,058     1,038      4,096
      Hardwood lumber
       - board feet                  281        313        99        412
      Engineered I-Joists
       - lineal feet                 282        361        95        456
      Engineered solid section
       - cubic feet                   25         29         7         36
      Logs - cunits (in
       thousands)                    113        127        42        169

  Cellulose Fibers (thousands):
      Pulp - air-dry metric tons   1,588      1,923       698      2,621
      Liquid packaging board
       - tons                        221        199        76        275

  Fine Paper (thousands): (2)
      Paper - tons                   461      2,056       693      2,749
      Coated groundwood - tons        38        170        64        234
      Paper converting - tons        318      1,447       485      1,932

  Containerboard, Packaging and
   Recycling (thousands):
      Containerboard - tons          694        602       254        856
      Packaging - MSF             55,470     55,935    18,932     74,867
      Recycling - tons             1,942      2,130       745      2,875
      Kraft bags and sacks - tons     73         62        27         89

  Real Estate and Related Assets:
      Single-family homes sold     3,557      3,703       838      4,541
      Single-family homes closed   3,183      4,083     1,753      5,836
      Single-family homes sold
       but not closed at end of
       period                      1,873      2,414     1,499      1,499

  (1) The fourth quarter of 2006 includes 14 weeks of operations compared
      to 13 weeks in all other quarters.
  (2) First quarter 2007 results include 9 weeks of operations for fine
      paper and related assets, prior to the distribution of these assets to
      Weyerhaeuser shareholders.


  WEYERHAEUSER COMPANY
  STATISTICAL INFORMATION

  Total production volumes:
  (1) (2)                   Q1                Q2                 Q3
                     April 1, March 26, July 1, June 25, Sept. 30, Sept. 24,
                       2007     2006     2007    2006      2007      2006
  Timberlands
   (thousands):
     Fee depletion
      - cunits        2,140    2,132    2,038   2,083     2,029     2,040

  Wood Products
   (millions):
     Softwood lumber
      - board feet    1,427    1,663    1,451   1,650     1,405     1,559
     Plywood - square
      feet (3/8")       114      241      115     245       110       237
     Veneer - square
      feet (3/8") (3)   298      455      338     455       297       494
     Composite panels
      - square feet
      (3/4")              -      278        -     288         -       100
     Oriented strand
      board - square
      feet (3/8")       968    1,073      847   1,062       834     1,009
     Hardwood lumber
      - board feet       73       82       75      83        80        82
     Engineered
      I-Joists -
      lineal feet        87      121      114     136        91       130
     Engineered
      solid section
      - cubic feet        6       11        9      12         8        10

  Cellulose Fibers
   (thousands):
     Pulp - air-dry
      metric tons       539      676      419     588       445       660
     Liquid packaging
      board - tons       60       61       77      75        72        73

  Fine Paper
   (thousands): (2)
     Paper - tons (4)   444      724        -     672         -       675
     Coated groundwood
      - tons             43       56        -      56         -        59
     Paper converting
      - tons            318      498        -     461         -       485

  Containerboard,
   Packaging
   and Recycling
   (thousands):
     Containerboard
      - tons (5)      1,515    1,575    1,506   1,533     1,575     1,544
     Packaging
      - MSF          19,007   19,550   19,721  20,290    19,547    19,341
     Recycling -
      tons (6)        1,619    1,716    1,589   1,684     1,838     1,641
     Kraft bags and
      sacks - tons       23       19       23      20        23        18


  Total production
   volumes: (1) (2)                  Year-to-date         Q4    Year-to-date
                                  Sept. 30,  Sept. 24,  Dec. 31,   Dec. 31,
                                    2007       2006      2006       2006
  Timberlands (thousands):
      Fee depletion - cunits       6,207      6,255     2,195      8,450

  Wood Products (millions):
      Softwood lumber
       - board feet                4,283      4,872     1,483      6,355
      Plywood - square
       feet (3/8")                   339        723       177        900
      Veneer - square feet
       (3/8") (3)                    933      1,404       335      1,739
      Composite panels - square
       feet (3/4")                     -        666         -        666
      Oriented strand board
       - square feet (3/8")        2,649      3,144     1,022      4,166
      Hardwood lumber
       - board feet                  228        247        77        324
      Engineered I-Joists
       - lineal feet                 292        387        86        473
      Engineered solid section
       - cubic feet                   23         33         8         41

  Cellulose Fibers (thousands):
      Pulp - air-dry metric tons   1,403      1,924       664      2,588
      Liquid packaging
       board - tons                  209        209        73        282

  Fine Paper (thousands): (2)
      Paper - tons (4)               444      2,071       725      2,796
      Coated groundwood - tons        43        171        59        230
      Paper converting - tons        318      1,444       487      1,931

  Containerboard, Packaging and
   Recycling (thousands):
      Containerboard - tons (5)    4,596      4,652     1,608      6,260
      Packaging - MSF             58,275     59,181    20,670     79,851
      Recycling - tons (6)         5,046      5,041     1,788      6,829
      Kraft bags and sacks - tons     69         57        25         82

  (1) The fourth quarter of 2006 includes 14 weeks of operations compared
      to 13 weeks in all other quarters.
  (2) First quarter 2007 results include 9 weeks of operations for fine
      paper and related assets, prior to the distribution of these assets
      to Weyerhaeuser shareholders.
  (3) Veneer production represents lathe production and includes volumes
      that are further processed into plywood and engineered lumber
      products by company mills.
  (4) Paper production includes unprocessed rolls and converted paper
      volumes.
  (5) Containerboard production represents machine production and includes
      volumes that are further processed into packaging and kraft bags and
      sacks by company facilities.
  (6) 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)
                                         April 1, July 1, Sept. 30, Dec. 31,
  Assets                                   2007    2007     2007      2006
  Weyerhaeuser
      Current assets:
       Cash and cash equivalents          $1,172     $208      $72     $223
       Receivables, less allowances        1,394    1,508    1,419    1,183
       Inventories                         1,437    1,308    1,323    1,355
       Prepaid expenses                      356      378      406      385
       Assets held for sale                  114        -        -      105
       Current assets of discontinued
        operations                             -        -        -      870
             Total current assets          4,473    3,402    3,220    4,121
      Property and equipment               6,850    6,775    6,894    7,061
      Construction in progress               467      544      412      395
      Timber and timberlands at cost,
       less fee stumpage charged to

       disposals                           3,705    3,721    3,736    3,681
      Investments in and advances to
       equity affiliates                     498      510      497      499
      Goodwill                             2,158    2,181    2,200    2,185
      Deferred pension and other assets    1,378    1,470    1,525    1,368
      Restricted assets held by special
       purpose entities                      915      916      915      917
      Noncurrent assets of discontinued
       operations                              -        -        -    3,011
                                          20,444   19,519   19,399   23,238

  Real Estate and Related Assets
      Cash and cash equivalents               13        7        8       20
      Receivables, less allowances            77       75       72      144
      Real estate in process of
       development and for sale            1,540    1,561    1,587    1,449
      Land being processed for
       development                         1,427    1,476    1,528    1,365
      Investments in unconsolidated
       entities, less reserves                81       83       77       72
      Other assets                           396      383      423      423
      Consolidated assets not owned          264      287      277      151
                                           3,798    3,872    3,972    3,624
      Total assets                       $24,242  $23,391  $23,371  $26,862

  Liabilities and Shareholders' Interest

  Weyerhaeuser
      Current liabilities:
       Notes payable and commercial
        paper                               $163      $92      $92      $72
       Current maturities of long-term
        debt                                  70       63      262      488
       Accounts payable                      920    1,010      894      948
       Accrued liabilities                 1,220    1,145    1,185    1,363
       Current liabilities of
        discontinued operations                -        -        -      258
             Total current liabilities     2,373    2,310    2,433    3,129
      Long-term debt                       6,849    5,980    6,428    7,069
      Deferred income taxes                2,897    2,906    2,863    3,011
      Deferred pension, other
       postretirement benefits
       and other liabilities               1,691    1,775    1,780    1,759
      Liabilities (nonrecourse to
       Weyerhaeuser) held by
       special purpose entities              763      765      764      765
      Noncurrent liabilities of
       discontinued operations                 -        -        -      717
                                          14,573   13,736   14,268   16,450
  Real Estate and Related Assets
      Notes payable and commercial paper     427      412      295        -
      Long-term debt                         605      605      605      606
      Other liabilities                      565      539      497      606
      Consolidated liabilities not owned     232      246      237      115
                                           1,829    1,802    1,634    1,327
      Total liabilities                   16,402   15,538   15,902   17,777
      Shareholders' interest               7,840    7,853    7,469    9,085
      Total liabilities and
       shareholders' interest            $24,242  $23,391  $23,371  $26,862


  WEYERHAEUSER COMPANY
  STATISTICAL INFORMATION

  STATEMENT OF CASH FLOWS
  SELECTED INFORMATION      Q1                Q2                 Q3
  (unaudited)        April 1, March 26, July 1, June 25, Sept. 30, Sept. 24,
     (in millions)     2007     2006     2007    2006      2007      2006
  (Weyerhaeuser only,
   excludes Real
   Estate & Related
   Assets)

     Net cash from
      operations      $(187)   $(210)    $271    $566      $157      $102
     Cash paid for
      property and
      equipment       $(114)   $(182)   $(140)  $(184)    $(176)    $(173)
     Cash paid for
      timberlands
      reforestation    $(12)    $(12)    $(12)    $(9)      $(8)      $(6)
     Cash received
      from issuances
      of debt            $-       $-       $-      $-      $451        $3
     Revolving credit
      facilities,
      notes and
      commercial paper
      borrowings, net   $10     $(68)     $22     $19      $148      $195
     Payments on debt $(638)   $(158)   $(918)   $(10)     $(54)     $(58)
     Proceeds from
      the sale of
      operations     $1,350       $-     $128      $-        $7      $187
     Repurchases of
      common stock       $-       $-     $(22)     $-     $(441)    $(332)


                                                                   Year-to-
  STATEMENT OF CASH FLOWS                 Year-to-date      Q4       date
  SELECTED INFORMATION (unaudited)     Sept. 30, Sept. 24, Dec. 31, Dec. 31,
      (in millions)                      2007      2006     2006     2006
  (Weyerhaeuser only, excludes Real
   Estate & Related Assets)

      Net cash from operations           $241      $458   $1,089   $1,547
      Cash paid for property and
       equipment                        $(430)    $(539)   $(273)   $(812)
      Cash paid for timberlands
       reforestation                     $(32)     $(27)    $(10)    $(37)
      Cash received from issuances of
       debt                              $451        $3       $1       $4
      Revolving credit facilities,
       notes and commercial paper
       borrowings, net                   $180      $146     $(95)     $51
      Payments on debt                $(1,610)    $(226)     $(5)   $(231)
      Proceeds from the sale of
       operations                      $1,485      $187      $86     $273
      Repurchases of common stock       $(463)    $(332)   $(340)   $(672)

First Call Analyst:
FCMN Contact:

Photo: http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk photodesk@prnewswire.com

SOURCE: Weyerhaeuser Company

CONTACT: Media, Bruce Amundson, +1-253-924-3047, or Analysts, Kathryn
McAuley, +1-253-924-2058, both of Weyerhaeuser Company

Web site: http://www.weyerhaeuser.com/

Top
Welcome to Weyerhaeuser's new website!

You appear to be using an older browser. This website is best viewed using the latest versions of Internet Explorer, Chrome, Safari, and Firefox. If you proceed without upgrading or switching browsers, you may not experience optimal navigation or page functionality. Thank you for your interest in Weyerhaeuser and we hope you enjoy your visit.

Update my browser now

×