WEYERHAEUSER CO
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
WY$20.63-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. CONSOLIDATED STATEMENT OF CASH FLOWS
CONSOLIDATED STATE MENT OF CASH FLOWS
| DOLLAR AMOUNTS IN MILLIONS | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operations: | |||
| Net earnings | $839 | $1,880 | $2,607 |
| Noncash charges (credits) to earnings: | |||
| Depreciation, depletion and amortization | 500 | 480 | 477 |
| Basis of real estate sold | 93 | 84 | 71 |
| Pension and other post-employment benefits (Note 8) | 68 | 290 | 61 |
| Share-based compensation expense (Note 15) | 36 | 33 | 30 |
| Net gains on sale of timberlands (Note 4) | (84) | — | (32) |
| Loss on debt extinguishment (Note 11) | — | 276 | — |
| Other | (6) | (30) | 14 |
| Change in: | |||
| Receivables, net | 4 | 149 | (57) |
| Receivables and payables for taxes | 41 | (101) | 99 |
| Inventories | (13) | (37) | (77) |
| Prepaid expenses and other current assets | (13) | (12) | (25) |
| Accounts payable and accrued liabilities | 35 | (111) | 113 |
| Pension and post-employment benefit contributions and payments | (20) | (24) | (59) |
| Other | (47) | (45) | (63) |
| Net cash from operations | 1,433 | 2,832 | 3,159 |
| Cash flows from investing activities: | |||
| Capital expenditures for property and equipment | (390) | (415) | (386) |
| Capital expenditures for timberlands reforestation | (57) | (53) | (55) |
| Acquisition of timberlands (Note 4) | (233) | (295) | (149) |
| Proceeds from sale of timberlands (Note 4) | 166 | — | 261 |
| Purchase of short-term investments | (664) | — | — |
| Maturities of short-term investments | 664 | — | — |
| Other | 6 | 4 | 4 |
| Net cash from investing activities | (508) | (759) | (325) |
| Cash flows from financing activities: | |||
| Cash dividends on common shares | (1,216) | (1,617) | (884) |
| Net proceeds from issuance of long-term debt (Note 11) | 992 | 881 | — |
| Payments on long-term debt (Note 11) | (978) | (1,203) | (375) |
| Repurchases of common shares (Note 14) | (131) | (543) | (100) |
| Other | (9) | (9) | 29 |
| Net cash from financing activities | (1,342) | (2,491) | (1,330) |
| Net change in cash, cash equivalents and restricted cash | $(417) | $(418) | $1,504 |
| Cash, cash equivalents and restricted cash at beginning of year | $1,581 | $1,999 | $495 |
| Cash, cash equivalents and restricted cash at end of year | $1,164 | $1,581 | $1,999 |
| Cash paid during the year for: | |||
| Interest, net of amounts capitalized of $7 in 2023, $6 in 2022 and $4 in 2021 | $283 | $283 | $315 |
| Income taxes, net of refunds | $63 | $566 | $609 |
WEYERHAEUSER COMPANY >2023 ANNUAL REPORT AND FORM 10-K 63
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