Weyerhaeuser 10-K 2018-12-31

Filed 2019-02-15. 1 sections, 491K characters. Original on sec.gov · Markdown · JSON

What changed since the 2017-12-31 10-KNew, removed and reworded risk factor headings, then every item sentence by sentence.

Full document

10-K 1 wy-123118x10k.htm 10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018

or

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM TO

COMMISSION FILE NUMBER 1-4825

WEYERHAEUSER COMPANY

A WASHINGTON CORPORATION

91-0470860

(IRS EMPLOYER IDENTIFICATION NO.)

220 OCCIDENTAL AVENUE SOUTH, SEATTLE, WASHINGTON 98104-7800 TELEPHONE (206) 539-3000

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

TITLE OF EACH CLASSNAME OF EACH EXCHANGE ON WHICH REGISTERED:
Common Shares ($1.25 par value)New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. x Yes o No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. o Yes x No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. x Yes o No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). x Yes o No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer x Accelerated filer o Non-accelerated filer o

Smaller reporting company o Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). o Yes x No

As of June 30, 2018, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $28.0 billion based on the closing sale price as reported on the New York Stock Exchange Composite Price Transactions.

As of February 4, 2019, 746,524 thousand shares of the registrant’s common stock ($1.25 par value) were outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Notice of 2019 Annual Meeting of Shareholders and Proxy Statement for the company’s Annual Meeting of Shareholders to be held May 17, 2019, are incorporated by reference into Part II and III.

WEYERHAEUSER COMPANY > 2018 ANNUAL REPORT AND FORM 10-K

TABLE OF CONTENTS

PART IPAGE
ITEM 1.OUR BUSINESS1
WE CAN TELL YOU MORE1
WHO WE ARE1
WHAT WE DO2
EXECUTIVE OFFICERS OF THE REGISTRANT18
NATURAL RESOURCE AND ENVIRONMENTAL MATTERS19
FORWARD-LOOKING STATEMENTS24
ITEM 1A.RISK FACTORS25
ITEM 1B.UNRESOLVED STAFF COMMENTS33
ITEM 2.PROPERTIES33
ITEM 3.LEGAL PROCEEDINGS33
ITEM 4.MINE SAFETY DISCLOSURES — NOT APPLICABLE
PART II
ITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES33
ITEM 6.SELECTED FINANCIAL DATA35
ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS36
ECONOMIC AND MARKET CONDITIONS AFFECTING OUR OPERATIONS36
FINANCIAL PERFORMANCE SUMMARY37
RESULTS OF OPERATIONS38
LIQUIDITY AND CAPITAL RESOURCES46
OFF-BALANCE SHEET ARRANGEMENTS50
ENVIRONMENTAL MATTERS, LEGAL PROCEEDINGS AND OTHER CONTINGENCIES50
ACCOUNTING MATTERS50
PERFORMANCE MEASURES52
ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK55
ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA56
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM56
CONSOLIDATED STATEMENT OF OPERATIONS57
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME58
CONSOLIDATED BALANCE SHEET59
CONSOLIDATED STATEMENT OF CASH FLOWS60
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY61
INDEX FOR NOTES TO CONSOLIDATED FINANCIAL STATEMENTS62
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS63
ITEM 9.[CHANGES IN AND DISAGREEMENTS WITH AC

Showing the first 8K of 491K characters. Open the full section