$WY
WEYERHAEUSER CO

2020 Q2 Form 10-Q Financial Statement

#000156459020035178 Filed on July 31, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $1.631B $1.692B
YoY Change -3.61% -18.06%
Cost Of Revenue $1.283B $1.390B
YoY Change -7.7% -3.94%
Gross Profit $348.0M $302.0M
YoY Change 15.23% -51.13%
Gross Profit Margin 21.34% 17.85%
Selling, General & Admin $102.0M $101.0M
YoY Change 0.99% -1.94%
% of Gross Profit 29.31% 33.44%
Research & Development $2.000M $2.000M
YoY Change 0.0% 0.0%
% of Gross Profit 0.57% 0.66%
Depreciation & Amortization $117.0M $124.0M
YoY Change -5.65% 4.2%
% of Gross Profit 33.62% 41.06%
Operating Expenses $2.000M $2.000M
YoY Change 0.0% -98.1%
Operating Profit $346.0M $186.0M
YoY Change 86.02% -60.92%
Interest Expense $103.0M $91.00M
YoY Change 13.19% -1.09%
% of Operating Profit 29.77% 48.92%
Other Income/Expense, Net -$6.000M -$6.000M
YoY Change 0.0% -53.85%
Pretax Income $132.0M $91.00M
YoY Change 45.05% -76.18%
Income Tax $60.00M -$37.00M
% Of Pretax Income 45.45% -40.66%
Net Earnings $72.00M $128.0M
YoY Change -43.75% -59.62%
Net Earnings / Revenue 4.41% 7.57%
Basic Earnings Per Share $0.17
Diluted Earnings Per Share $96.39K $171.5K
COMMON SHARES
Basic Shares Outstanding 746.9M 745.5M
Diluted Shares Outstanding 747.0M 746.2M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $643.0M $212.0M
YoY Change 203.3% -76.47%
Cash & Equivalents $643.0M $212.0M
Short-Term Investments
Other Short-Term Assets $131.0M $494.0M
YoY Change -73.48% 23.81%
Inventory $409.0M $425.0M
Prepaid Expenses $131.0M $132.0M
Receivables $420.0M $408.0M
Other Receivables $48.00M $157.0M
Total Short-Term Assets $1.651B $1.696B
YoY Change -2.65% -23.88%
LONG-TERM ASSETS
Property, Plant & Equipment $1.958B $1.901B
YoY Change 3.0% 19.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $415.0M $461.0M
YoY Change -9.98% 65.23%
Total Long-Term Assets $14.60B $15.33B
YoY Change -4.76% -3.08%
TOTAL ASSETS
Total Short-Term Assets $1.651B $1.696B
Total Long-Term Assets $14.60B $15.33B
Total Assets $16.25B $17.03B
YoY Change -4.55% -5.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $199.0M $271.0M
YoY Change -26.57% 0.37%
Accrued Expenses $525.0M $510.0M
YoY Change 2.94% -6.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $724.0M $1.223B
YoY Change -40.8% 19.67%
LONG-TERM LIABILITIES
Long-Term Debt $6.299B $6.177B
YoY Change 1.98% 4.27%
Other Long-Term Liabilities $359.0M $888.0M
YoY Change -59.57% 201.02%
Total Long-Term Liabilities $6.658B $7.065B
YoY Change -5.76% 13.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $724.0M $1.223B
Total Long-Term Liabilities $6.658B $7.065B
Total Liabilities $8.052B $8.305B
YoY Change -3.05% -5.27%
SHAREHOLDERS EQUITY
Retained Earnings -$37.00M
YoY Change
Common Stock $8.166B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.202B $8.724B
YoY Change
Total Liabilities & Shareholders Equity $16.25B $17.03B
YoY Change -4.55% -5.65%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $72.00M $128.0M
YoY Change -43.75% -59.62%
Depreciation, Depletion And Amortization $117.0M $124.0M
YoY Change -5.65% 4.2%
Cash From Operating Activities $391.0M $396.0M
YoY Change -1.26% -33.67%
INVESTING ACTIVITIES
Capital Expenditures -$66.00M -$84.00M
YoY Change -21.43% -13.4%
Acquisitions
YoY Change
Other Investing Activities $1.000M $1.000M
YoY Change 0.0% -95.83%
Cash From Investing Activities -$65.00M -$83.00M
YoY Change -21.69% 13.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.141B -360.0M
YoY Change 216.94% 62.9%
NET CHANGE
Cash From Operating Activities 391.0M 396.0M
Cash From Investing Activities -65.00M -83.00M
Cash From Financing Activities -1.141B -360.0M
Net Change In Cash -815.0M -47.00M
YoY Change 1634.04% -115.51%
FREE CASH FLOW
Cash From Operating Activities $391.0M $396.0M
Capital Expenditures -$66.00M -$84.00M
Free Cash Flow $457.0M $480.0M
YoY Change -4.79% -30.84%

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CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Stock Repurchased During Period Shares
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us-gaap Stock Repurchased During Period Shares
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CY2020Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
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CY2020Q2 us-gaap Defined Benefit Plan Benefit Obligation Period Increase Decrease
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CY2019Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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CY2019Q4 wy Customer Rebates Volume Discounts And Deferred Income
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CY2019Q4 us-gaap Accrued Liabilities Current
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32000000
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951000
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us-gaap Research And Development Expense
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us-gaap Research And Development Expense
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CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2019Q2 us-gaap Other Nonoperating Income Expense
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CY2019Q2 us-gaap Other Operating Income Expense Net
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us-gaap Other Operating Income Expense Net
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21

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