| |
| |
Note
21. Historical Summary
Dollar amounts
in millions except per-share figures
|
|
| |
|
|
|
|
1998
|
1997
|
1996
|
1995
|
1994
|
1993
|
1992
|
1991
|
1990
|
1989
|
1988
|
| PER
COMMON SHARE
|
| |
Basic
net earnings (loss) from continuing
operations, before extraordinary item and effect of accounting changes |
|
$
1.48
|
1.72
|
2.34
|
3.93
|
2.86
|
2.58
|
1.83
|
(.50)
|
1.87
|
1.56
|
2.68
|
| |
Extraordinary
item(4) |
|
--
|
--
|
--
|
--
|
--
|
.25
|
--
|
--
|
--
|
--
|
--
|
| |
Effect
of accounting changes |
|
--
|
--
|
--
|
--
|
--
|
--
|
--
|
(.30)
|
--
|
--
|
--
|
| |
Basic
net earnings (loss) |
|
$
1.48
|
1.72
|
2.34
|
3.93
|
2.86
|
2.83
|
1.83
|
(.80)
|
1.87
|
1.56
|
2.68
|
| |
Diluted
net earnings (loss) from continuing
operations, before extraordinary item and
effect of accounting changes |
|
$
1.47
|
1.72
|
2.33
|
3.92
|
2.86
|
2.56
|
1.82
|
(.50)
|
1.87
|
1.56
|
2.68
|
| |
Extraordinary
item(4) |
|
|
|
|
|
|
.25
|
|
|
|
|
|
| |
Effect
of accounting changes |
|
|
|
|
|
|
|
|
(.30)
|
|
|
|
| |
Diluted
net earnings (loss) |
|
$ 1.47
|
1.72
|
2.33
|
3.92
|
2.86
|
2.81
|
1.82
|
(.80)
|
1.87
|
1.56
|
2.68
|
| |
Dividends
paid |
|
$
1.60
|
1.60
|
1.60
|
1.50
|
1.20
|
1.20
|
1.20
|
1.20
|
1.20
|
1.20
|
1.15
|
| |
Shareholders'
interest (end of year) |
|
$
22.74
|
23.30
|
23.21
|
22.57
|
20.86
|
19.34
|
17.85
|
17.25
|
19.21
|
18.55
|
18.14
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FINANCIAL
POSITION
|
|
|
|
|
|
|
|
|
|
|
| |
Total
assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Weyerhaeuser
|
|
$10,934
|
11,071
|
10,968
|
10,359
|
9,750
|
9,087
|
8,566
|
7,551
|
7,556
|
7,371
|
6,983
|
| |
|
Real
estate and related assets |
|
$
1,900
|
2,004
|
2,628
|
2,894
|
3,408
|
3,670
|
9,720
|
9,435
|
8,800
|
8,605
|
8,401
|
| |
|
|
|
|
$
12,834
|
13,075
|
13,596
|
13,253
|
13,158
|
12,757
|
18,286
|
16,986
|
16,356
|
15,976
|
15,384
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Long-term
debt (net of current portion): |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Weyerhaeuser
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Long-term
debt |
|
$
3,397
|
3,483
|
3,546
|
2,983
|
2,713
|
2,998
|
2,659
|
2,195
|
2,168
|
1,502
|
1,644
|
| |
|
|
Capital
lease obligations |
|
$
2
|
2
|
2
|
2
|
--
|
|
|
|
7
|
23
|
37
|
| |
|
|
Convertible
subordinated debentures |
|
|
|
|
|
|
|
193
|
193
|
193
|
|
|
| |
|
|
Limited
recourse income debenture |
|
|
|
|
|
|
|
188
|
204
|
204
|
204
|
198
|
| |
|
|
|
|
$
3,399
|
3,485
|
3,548
|
2,985
|
2,713
|
2,998
|
3,040
|
2,592
|
2,572
|
1,729
|
1,879
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Real
estate and related assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Long-term
debt |
|
$
580
|
682
|
814
|
1,608
|
1,873
|
2,086
|
2,411
|
2,421
|
2,637
|
2,006
|
2,318
|
| |
Shareholders'
interest |
|
$
4,526
|
4,649
|
4,604
|
4,486
|
4,290
|
3,966
|
3,646
|
3,489
|
3,864
|
4,148
|
4,044
|
| |
Percent
earned on shareholders' interest |
|
6.4%
|
7.4%
|
10.2%
|
18.2%
|
14.3%
|
15.2%
|
10.4%
|
(4.4)%
|
9.8%
|
8.3%
|
14.6%
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OPERATION
STATUS |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Net
sales and revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Weyerhaeuser |
|
$
9,574
|
10,117
|
10,105
|
10,869
|
9,281
|
8,315
|
7,744
|
7,167
|
7,447
|
8,355
|
7,861
|
| |
|
|
Real
estate and related assets |
|
$
1,192
|
1,093
|
1,009
|
919
|
1,117
|
1,230
|
1,522
|
1,606
|
1,619
|
1,826
|
1,467
|
| |
|
|
|
|
$
10,766
|
11,210
|
11,114
|
11,788
|
10,398
|
9,545
|
9,266
|
8,773
|
9,066
|
10,181
|
9,328
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Net
earnings (loss) from continuing
operations before extraordinary item
and effect of accounting changes: |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Weyerhaeuser
|
|
$
214
|
271
|
434
|
981
|
576
|
459
|
332
|
(25)
|
340
|
377
|
516
|
| |
|
Real
estate and related assets |
|
$
80
|
71
|
29
|
(182)(3)
|
13
|
68
|
40
|
(76)
|
54
|
(36)
|
50
|
| |
|
|
|
|
$
294(1)
|
342(2)
|
463
|
799
|
589
|
527
|
372
|
(101)(5)
|
394
|
341(6)
|
566
|
| |
Extraordinary
item(4) |
|
|
|
|
|
|
52
|
|
|
|
|
|
| |
Effect
of accounting changes |
|
|
|
|
|
|
|
|
(61)
|
|
|
|
| |
Net
earnings (loss) |
|
$
294
|
342
|
463
|
799
|
589
|
579
|
372
|
(162)
|
394
|
341
|
566
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
statistics
(unaudited): |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Number
of employees |
|
35,032
|
35,778
|
39,020
|
39,558
|
36,665
|
36,748
|
39,022
|
38,669
|
40,621
|
45,214
|
46,976
|
| |
|
|
Salaries
and wages |
|
$
1,645
|
1,706
|
1,781
|
1,779
|
1,610
|
1,585
|
1,580
|
1,476
|
1,531
|
1,563
|
1,423
|
| |
|
|
Employee
benefits |
|
$
347
|
355
|
370
|
408
|
357
|
347
|
323
|
321
|
318
|
325
|
292
|
| |
|
|
Total
taxes |
|
$
437
|
478
|
557
|
736
|
618
|
577
|
443
|
173
|
446
|
403
|
511
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Timberlands
(thousands of acres): |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
U.S.
fee ownership |
|
5,099
|
5,171
|
5,326
|
5,302
|
5,587
|
5,512
|
5,592
|
5,488
|
5,592
|
5,664
|
5,775
|
| |
|
|
Long-term
license arrangements |
|
27,002
|
23,715
|
22,863
|
22,866
|
17,849
|
17,45
|
18,828
|
13,491
|
13,491
|
13,324
|
13,324
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Number
of shareholder accounts at year-end: |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Common |
|
19,559
|
20,981
|
22,528
|
23,446
|
24,131
|
25,282
|
26,334
|
26,937
|
28,187
|
29,847
|
30,379
|
| |
|
|
Preferred
|
|
--
|
--
|
--
|
--
|
--
|
|
|
|
|
12
|
25
|
| |
|
|
Preference |
|
--
|
--
|
--
|
--
|
--
|
|
|
|
|
443
|
351
|
| |
Average
common and common equivalent
shares outstanding (thousands) |
|
198,914
|
198,967
|
198,318
|
203,525
|
205,543
|
204,866
|
203,373
|
201,578
|
203,673
|
204,331
|
207,785
|
| |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
