WEYERHAEUSER CO
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
WY$21.13+0.7%Stored close · as of Nov 9, 2026
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CONSOLIDATED STATEMENT OF OPERATIONS
| DOLLAR AMOUNTS IN MILLIONS, EXCEPT PER-SHARE FIGURES | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Net sales (Note 3) | $7,674 | $10,184 | $10,201 |
| Costs of sales | 5,992 | 6,564 | 6,103 |
| Gross margin | 1,682 | 3,620 | 4,098 |
| Selling expenses | 87 | 93 | 95 |
| General and administrative expenses | 431 | 398 | 396 |
| Product remediation recoveries (Note 17) | — | — | (37) |
| Gain on sale of timberlands (Note 4) | (84) | — | (32) |
| Other operating costs, net (Note 18) | 62 | 49 | 33 |
| Operating income | 1,186 | 3,080 | 3,643 |
| Non-operating pension and other post-employment benefit costs (Note 8) | (45) | (254) | (19) |
| Interest income and other | 76 | 25 | 5 |
| Interest expense, net of capitalized interest | (280) | (270) | (313) |
| Loss on debt extinguishment (Note 11) | — | (276) | — |
| Earnings before income taxes | 937 | 2,305 | 3,316 |
| Income taxes (Note 19) | (98) | (425) | (709) |
| Net earnings | $839 | $1,880 | $2,607 |
| Earnings per share (Note 5): | |||
| Basic | $1.15 | $2.53 | $3.48 |
| Diluted | $1.15 | $2.53 | $3.47 |
| Weighted average shares outstanding (in thousands) (Note 5): | |||
| Basic | 731,654 | 741,904 | 749,496 |
| Diluted | 732,222 | 742,953 | 750,983 |
WEYERHAEUSER COMPANY >2023 ANNUAL REPORT AND FORM 10-K 60
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