filings.toolsWeyerhaeuser (WY) 10-K risk factor changes: FY2019 vs FY2018
The 2019-12-31 10-K against the 2018-12-31 one, compared heading by heading and sentence by sentence. One of these filings carries no fiscal year tag, so its year is the calendar year of the period end.
All filing items1,679 rewritten968 added893 removed2,209 unchanged
Summary
counted, not written
- Item 1A headings could not be compared: the parser did not find an Item 1A in both filings.
- Sentence by sentence, 968 added, 893 removed, 1,679 rewritten and 2,209 unchanged across 1 item that differ.
Sentences by item
1 items, with every count and a link to each item that changed
| Item | Added | Removed | Rewritten | Unchanged |
|---|---|---|---|---|
| Full document | 968 | 893 | 1,679 | 2,209 |
Underlined words on a shaded ground are new in FY2019; struck-through words were in FY2018. Sentences that are wholly new or wholly gone are labelled rather than marked.
Full document
1,679 rewritten, 968 added, 893 removed, 2,209 unchanged
[removed: x] [added: | ☒] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 [added: |]
FOR THE FISCAL YEAR ENDED [removed: DECEMBER] [added: December] 31, [removed: 2018][added: 2019]
[removed: o] [added: | ☐] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 [added: |]
| TITLE OF EACH CLASS | | [added: TRADING SYMBOL(S) | |] NAME OF EACH EXCHANGE ON WHICH [removed: REGISTERED:] [added: REGISTERED] | [added: |]
| Common Shares ($1.25 par value) | | [added: WY | |] New York Stock Exchange | [added: |]
| Securities registered pursuant to Section 12(g) of the Act: None | | | [added: | | |]
[removed: x] [added: ☒] Yes [removed: o] [added: ☐] No
[removed: o] [added: ☐] Yes [removed: x] [added: ☒] No
Large accelerated filer [removed: x] [added: ☒] Accelerated filer [removed: o] [added: ☐] Non-accelerated filer [removed: o][added: ☐]
Smaller reporting company [removed: o] [added: ☐] Emerging growth company [removed: o][added: ☐]
[removed: As of June 30, 2018, the] [added: The] aggregate market value of the registrant’s common stock held by non-affiliates of the registrant [removed: was $28.0 billion] based on the closing sale price as [added: of the last business day of the most recently completed second fiscal quarter ended on June 30, 2019, as] reported on the New York Stock Exchange Composite Price [removed: Transactions.][added: Transactions, was approximately $19.6 billion.]
As of February [removed: 4, 2019, 746,524] [added: 3, 2020, 745,519] thousand shares of the registrant’s common stock ($1.25 par value) were outstanding.
Portions of the [removed: Notice] [added: *Notice] of [removed: 2019] [added: 2020] Annual Meeting of Shareholders and Proxy [removed: Statement] [added: Statement*] for the company’s Annual Meeting of Shareholders to be held May [removed: 17, 2019,] [added: 15, 2020,] are incorporated by reference into Part II and III.
WEYERHAEUSER COMPANY > [removed: 2018] [added: 2019] ANNUAL REPORT AND FORM 10-K
| ITEM 1. | [OUR [removed: BUSINESS](#s81566F4D1C7957F795B7F2A96F005636)] [added: BUSINESS](#OUR_BUSINESSP)] | [removed: [1](#s81566F4D1C7957F795B7F2A96F005636)] [added: [1](#OUR_BUSINESSP)] |
| | [WE CAN TELL YOU [removed: MORE](#s08D984A3C363508BA0D4C80BCA7BB130)] [added: MORE](#WE_CAN_TELL_YOU_MORE)] | [removed: [1](#s08D984A3C363508BA0D4C80BCA7BB130)] [added: [1](#WE_CAN_TELL_YOU_MORE)] |
| | [WHO WE [removed: ARE](#sDB47CE90AD8154A2ABA06706101D1CD7)] [added: ARE](#WHO_WE_ARE)] | [removed: [1](#sDB47CE90AD8154A2ABA06706101D1CD7)] [added: [1](#WHO_WE_ARE)] |
| | [WHAT WE [removed: DO](#s4A41A221790D52ABA637FB02D989AE60)] [added: DO](#WHAT_WE_DO)] | [removed: [2](#s4A41A221790D52ABA637FB02D989AE60)] [added: [2](#WHAT_WE_DO)] |
| | [NATURAL RESOURCE AND ENVIRONMENTAL [removed: MATTERS](#sFA0A03C63C1153608BEFC15FC848916D)] [added: MATTERS](#NATURAL_RESOURCE_ENVIRONMENTAL_MATTERS)] | [removed: [19](#sFA0A03C63C1153608BEFC15FC848916D)] [added: [19](#NATURAL_RESOURCE_ENVIRONMENTAL_MATTERS)] |
[removed: | | [FORWARD-LOOKING STATEMENTS](#sC2F20789FB3D5FDCA4FDE7DFAC117409) | [24](#sC2F20789FB3D5FDCA4FDE7DFAC117409) |][added: FORWARD-LOOKING STATEMENTS]
| ITEM 1A. | [RISK [removed: FACTORS](#s5D5A7AAC1C6D5B3EB50A2D716C75912B)] [added: FACTORS](#RISK_FACTORS)] | [removed: [25](#s5D5A7AAC1C6D5B3EB50A2D716C75912B)] [added: [25](#RISK_FACTORS)] |
| ITEM 1B. | [UNRESOLVED STAFF [removed: COMMENTS](#s1DC4DE4AC13556FEB1F2316A3800AF37)] [added: COMMENTS](#UNRESOLVED_STAFF_COMMENTS)] | [removed: [33](#s1DC4DE4AC13556FEB1F2316A3800AF37)] [added: [34](#UNRESOLVED_STAFF_COMMENTS)] |
| ITEM 2. | [removed: [PROPERTIES](#s1B9B7A2F41A05971AE0E39F4DEBC8E01)] [added: [PROPERTIES](#PROPERTIES)] | [removed: [33](#s1B9B7A2F41A05971AE0E39F4DEBC8E01)] [added: [34](#PROPERTIES)] |
| ITEM 3. | [LEGAL [removed: PROCEEDINGS](#sE652A6EED73159F58FF86145B0CB77DA)] [added: PROCEEDINGS](#LEGAL_PROCEEDINGS)] | [removed: [33](#sE652A6EED73159F58FF86145B0CB77DA)] [added: [34](#LEGAL_PROCEEDINGS)] |
| ITEM 5. | [MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY [removed: SECURITIES](#sE77BEDF3896352C996D0155E2CAD9567)] [added: SECURITIES](#MARKET_FOR_REGISTRANTS_COMMON_EQUITY_REL)] | [removed: [33](#sE77BEDF3896352C996D0155E2CAD9567)] [added: [34](#MARKET_FOR_REGISTRANTS_COMMON_EQUITY_REL)] |
| ITEM 6. | [SELECTED FINANCIAL [removed: DATA](#sEBBE0239558E596882A25DBF32EB4976)] [added: DATA](#SELECTED_FINANCIAL_DATA)] | [removed: [35](#sEBBE0239558E596882A25DBF32EB4976)] [added: [36](#SELECTED_FINANCIAL_DATA)] |
| ITEM 7. | [MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF [removed: OPERATIONS](#s093E0EB608CF59259B61260A050686DD)] [added: OPERATIONS (MD&A)](#MANAGEMENTS_DISCUSSION_ANALYSIS_FINANCI1)] | [removed: [36](#s093E0EB608CF59259B61260A050686DD)] [added: [37](#MANAGEMENTS_DISCUSSION_ANALYSIS_FINANCIA)] |
| | [ECONOMIC AND MARKET CONDITIONS AFFECTING OUR [removed: OPERATIONS](#sB32C419A0EB650FDA36D31F7B19C42D6)] [added: OPERATIONS](#ECONOMIC_MARKET_CONDITIONS_AFFECTING_OUR)] | [removed: [36](#sB32C419A0EB650FDA36D31F7B19C42D6)] [added: [37](#ECONOMIC_MARKET_CONDITIONS_AFFECTING_OUR)] |
| | [FINANCIAL PERFORMANCE [removed: SUMMARY](#s4B15EE065B545134B5E3317B4BEF7C8A)] [added: SUMMARY](#FINANCIAL_PERFORMANCE_SUMMARY)] | [removed: [37](#s4B15EE065B545134B5E3317B4BEF7C8A)] [added: [38](#FINANCIAL_PERFORMANCE_SUMMARY)] |
| | [RESULTS OF [removed: OPERATIONS](#s1A9721305EBB5E949520DAB2A50BFD08)] [added: OPERATIONS](#RESULTS_OPERATIONS)] | [removed: [38](#s1A9721305EBB5E949520DAB2A50BFD08)] [added: [38](#RESULTS_OPERATIONS)] |
| | [LIQUIDITY AND CAPITAL [removed: RESOURCES](#s30B6F150ED505945BC3D3AC279FCB376)] [added: RESOURCES](#LIQUIDITY_CAPITAL_RESOURCES)] | [removed: [46](#s30B6F150ED505945BC3D3AC279FCB376)] [added: [44](#LIQUIDITY_CAPITAL_RESOURCES)] |
[removed: | | [OFF-BALANCE] [added: OFF-BALANCE] SHEET [removed: ARRANGEMENTS](#sDA3D4B827537506981B119EEC1C10DE2) | [50](#sDA3D4B827537506981B119EEC1C10DE2) |][added: ARRANGEMENTS]
| | [ENVIRONMENTAL MATTERS, LEGAL PROCEEDINGS AND OTHER [removed: CONTINGENCIES](#sE1BDE158637D5E0986062CC575B9635F)] [added: CONTINGENCIES](#ENVIRONMENTAL_MATTERS_LEGAL_PROCEEDINGS_)] | [removed: [50](#sE1BDE158637D5E0986062CC575B9635F)] [added: [47](#ENVIRONMENTAL_MATTERS_LEGAL_PROCEEDINGS_)] |
| | [ACCOUNTING [removed: MATTERS](#s6FA509930E0356159F349D4B63F2FBF5)] [added: MATTERS](#ACCOUNTING_MATTERS)] | [removed: [50](#s6FA509930E0356159F349D4B63F2FBF5)] [added: [47](#ACCOUNTING_MATTERS)] |
| | [PERFORMANCE [removed: MEASURES](#sF93797DF6719547594154C9B3692DDB3)] [added: MEASURES](#PERFORMANCE_MEASURES)] | [removed: [52](#sF93797DF6719547594154C9B3692DDB3)] [added: [50](#PERFORMANCE_MEASURES)] |
| ITEM 7A. | [QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET [removed: RISK](#sE64468AFDB46592088B3AEE434C6DE7E)] [added: RISK](#QUANTITATIVE_QUALITATIVE_DISCLOSURES_ABO)] | [removed: [55](#sE64468AFDB46592088B3AEE434C6DE7E)] [added: [53](#QUANTITATIVE_QUALITATIVE_DISCLOSURES_ABO)] |
| ITEM 8. | [FINANCIAL STATEMENTS AND SUPPLEMENTARY [removed: DATA](#sC4BE641C022F5D04AE54D001C7F7E859)] [added: DATA](#FINANCIAL_STATEMENTS_SUPPLEMENTARY_DATA)] | [removed: [56](#sC4BE641C022F5D04AE54D001C7F7E859)] [added: [54](#FINANCIAL_STATEMENTS_SUPPLEMENTARY_DATA)] |
[removed: | | [REPORT] [added: REPORT] OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING [removed: FIRM](#s1732B0C3B0CB5B2F9374C14E885EFF02) | [56](#s1732B0C3B0CB5B2F9374C14E885EFF02) |][added: FIRM]
| | [CONSOLIDATED STATEMENT OF [removed: OPERATIONS](#s59D0C17AABCB51FB9479D2C094A08935)] [added: OPERATIONS](#CONSOLIDATED_STATEMENT_OPERATIONS)] | [removed: [57](#s59D0C17AABCB51FB9479D2C094A08935)] [added: [55](#CONSOLIDATED_STATEMENT_OPERATIONS)] |
[removed: | | [CONSOLIDATED] [added: CONSOLIDATED] STATEMENT OF COMPREHENSIVE [removed: INCOME](#s9D796170D56F53889D1EDD8D64EE8D8A) | [58](#s9D796170D56F53889D1EDD8D64EE8D8A) |][added: INCOME]
☒ Yes ☐ No
☒ Yes ☐ No
☐ Yes ☒ No
| | [INFORMATION ABOUT OUR EXECUTIVE OFFICERS](#EXECUTIVE_FICERS__REGISTRANT) | [18](#EXECUTIVE_FICERS__REGISTRANT) |
| | [REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM](#REPORT_INDEPENDENT_REGISTERED_PUBLIC_ACC) | [54](#REPORT_INDEPENDENT_REGISTERED_PUBLIC_ACC) |
| | [EXHIBITS](#EXHIBITS) | [105](#EXHIBITS) |
| ITEM 16. | [FORM 10-K SUMMARY](#bm_10_K_SUMMARY) | [108](#bm_10_K_SUMMARY) |
| | [SIGNATURES](#SIGNATURES) | [109](#SIGNATURES) |
In addition, we focus on opportunities to realize value through lease and royalty agreements for the surface and subsurface rights that exist in our ownership.
As of December 31, 2019, we sustainably managed timberlands in 19 states.
| Oregon | | | 1,591 | | | | — | | | | 1,591 | |
| Washington | | | 1,297 | | | | — | | | | 1,297 | |
| Alabama | | | 385 | | | | 201 | | | | 586 | |
| Arkansas | | | 1,208 | | | | 18 | | | | 1,226 | |
| Florida | | | 222 | | | | 83 | | | | 305 | |
| Georgia | | | 601 | | | | 50 | | | | 651 | |
| Louisiana | | | 1,017 | | | | 351 | | | | 1,368 | |
| Mississippi | | | 1,128 | | | | 52 | | | | 1,180 | |
| Total South | | | 6,030 | | | | 757 | | | | 6,787 | |
| Maine | | | 834 | | | | — | | | | 834 | |
| Montana(2) | | | 631 | | | | — | | | | 631 | |
| Total Company | | | 10,752 | | | | 757 | | | | 11,509 | |
| *(2)* | In December 2019, we announced an agreement to sell our Montana timberlands. The sale is expected to close in second quarter 2020. Refer to [Note 4: Divestitures and Assets Held for Sale](#NOTE_4__DISCONTINUED_OPERATIONS_AND_OTHE) *for further information on the Montana timberlands sale.* |
In 2019, we changed the way we report our Canadian Forestlands operations.
As a result, we no longer report related intersegment sales in the Timberlands segment and we now record the minimal associated third-party log sales in the Wood Products segment.
These collective transactions did not contribute any earnings to the Timberlands or Wood Products segment.
We have conformed prior year presentations with the current year.
Summary of License Arrangements
| Alberta | | | 5,399 | |
| | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | |
| *(2)* | In November 2019, we sold our Michigan timberlands. Refer to [Note 4: Divestitures and Assets Held for Sale](#NOTE_4__DISCONTINUED_OPERATIONS_AND_OTHE) *for further information on this divestiture.* |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| *(1)* | In February 2016, we merged with Plum Creek. |
| *(2)* | In November 2019, we sold our Michigan timberlands. Refer to [Note 4: Divestitures and Assets Held for Sale](#NOTE_4__DISCONTINUED_OPERATIONS_AND_OTHE) *for further information on this divestiture.* |
| *(3)* | Our Uruguay operations were divested in September 2017. Refer to [Note 4: Divestitures and Assets Held for Sale](#NOTE_4__DISCONTINUED_OPERATIONS_AND_OTHE) *for further information on this divestiture.* |
10-K 1 wy-123118x10k.htm 10-K
| | | |
| --- | --- | --- |
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
| | [EXECUTIVE OFFICERS OF THE REGISTRANT](#sB08578092F3C5EA19CF68E73274F5CF0) | [18](#sB08578092F3C5EA19CF68E73274F5CF0) |
| | [EXHIBITS](#s9ECC758F823251E199D0C287AEC8F4B6) | [104](#s9ECC758F823251E199D0C287AEC8F4B6) |
| ITEM 15. | [FORM 10-K SUMMARY](#sDAC0FE9C520650D2A71A42DB51477C20) | [107](#sDAC0FE9C520650D2A71A42DB51477C20) |
| | [SIGNATURES](#sF630A8C886AE5315A7EB6CE990B78EA0) | [108](#sF630A8C886AE5315A7EB6CE990B78EA0) |
In addition, we focus on opportunities to realize value for oil and natural gas production, construction aggregates and mineral extraction, wind and solar power, communication tower leases and transportation rights of way that exist in our ownership.
| |
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| --- | --- |
| • | the SEC’s Public Conference Room, 100 F St. N.E., Washington, D.C., 20549, (800) SEC-0330; and |
More information about these agreements is provided in [Note 10: Pension and Other Postretirement Benefit Plans](#s5D4559C425F65D99850B99E70532C3E9) in the [Notes to Consolidated Financial Statements](#sEB29B8CD1D865BCE85B5C08A85426C4F).
The tables presented in this section include data from this segment's business units as of the end of 2018.
We transfer logs to our
We sustainably manage timberlands in twenty states.
| | | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| Oregon | 1,596 | | — | | 1,596 | |
| Washington | 1,314 | | — | | 1,314 | |
| Alabama | 388 | | 228 | | 616 | |
| Arkansas | 1,211 | | 18 | | 1,229 | |
| Florida | 226 | | 85 | | 311 | |
| Georgia | 618 | | 50 | | 668 | |
| Louisiana | 1,023 | | 351 | | 1,374 | |
| Mississippi | 1,131 | | 75 | | 1,206 | |
| Total South | 6,084 | | 809 | | 6,893 | |
| Maine | 838 | | — | | 838 | |
| Michigan | 556 | | — | | 556 | |
| Montana | 658 | | — | | 658 | |
| Total Company | 11,416 | | 809 | | 12,225 | |
We intensively manage our Southern timber plantations using:
| • | customized silviculture prescriptions which increase productivity across our acreage and |
| • | innovative planting and harvesting techniques on varying Southern terrain. |
A small amount of harvested volumes are sold to unaffiliated customers.
| Alberta | 5,398 | |
| | | | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
An excerpt. Shown here: 40 of 1,679 rewritten, 40 of 968 added and 40 of 893 removed. The counts are complete. For every sentence, read Full document in the FY2019 filing and the FY2018 filing.