Financial Results
Our goal is to achieve a companywide return on net assets that is top quartile in our industry over the business cycle. We determine RONA by dividing our earnings before interest and taxes by our average net assets. Put simply, RONA measures the amount of money we earn compared with the cost of the assets used to produce our earnings.
In 2011, our companywide RONA was 5.6 percent. More work is needed to achieve top-quartile performance and we ranked ourselves "below" for both return on net assets and competitive performance.
However, despite continued challenges in the housing market in 2011, we improved both our net sales and our net earnings from operations year-over-year. Our employees are determined to innovate, eliminate cost, and find new sources of revenue no matter what economic headwinds we face.
Watch our president and CEO, Dan Fulton, deliver remarks to investors at our April 12, 2012, Annual Shareholders Meeting, where he highlights some of the successes we’ve achieved in the last year.
In addition, all our businesses met or exceeded the 2011 goals they set to track value delivery to customers. For example, our real estate business tracks customers’ willingness to refer, and our wood products and cellulose fibers businesses track new product and market development. We ranked ourselves “achieves” for this category.
For more about our financial results, including quarterly earnings announcements, visit the investor relations section of our website and see our latest annual report.
2011 FINANCIAL HIGHLIGHTS
As of year-end 2011
Dollar amounts in millions except per-share figures
| |
2010 |
2011 |
| Net sales and revenues |
$5,954 |
$6,216 |
| Net earnings (loss) attributable to Weyerhaeuser common shareholders |
$1,281 |
$331 |
| Basic net earnings per share attributable to Weyerhaeuser common shareholders |
$4.00 |
$0.62 |
| Diluted net earnings per share attributable to Weyerhaeuser common shareholders |
$3.99 |
$0.61 |
| Total assets |
$13,429 |
$12,598 |
| Capital expenditures (excluding acquisitions) |
$234 |
$241 |
| Weyerhaeuser shareholders' interest |
$4,612 |
$4,263 |
| Number of common shares outstanding (in thousands) |
535,976 |
536,425 |
| Book value per share |
$8.60 |
$7.95 |
| Return on shareholders' interest |
29.6% |
7.5% |
| Common stock price range – prior to special dividend ex-dividend date of 7/20/2010 |
$53.30–$34.31 |
N/A |
| Common stock price range –special dividend ex-dividend date through 12/31/2011 |
$19.00–$15.23 |
$25.20-$15.25 |
Last updated June 20, 2012
