Weyerhaeuser Co. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Weyerhaeuser Co. filed its 2023 10-K, detailing financial performance and operational aspects.</b>

AI Summary

WEYERHAEUSER CO (WY) filed a Annual Report (10-K) with the SEC on February 16, 2024. Weyerhaeuser Co. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing covers the company's financial performance and business operations. Key financial statement items such as Property, Plant and Equipment Net, and various liabilities are detailed. The report includes information on pension plans and other post-retirement benefit plans. Specific dates related to debt maturities and plan adjustments are provided.

Why It Matters

For investors and stakeholders tracking WEYERHAEUSER CO, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Weyerhaeuser's financial health and strategic positioning for the fiscal year 2023. Investors and analysts can use this report to assess the company's asset base, liabilities, and long-term financial commitments, including pension obligations.

Risk Assessment

Risk Level: — WEYERHAEUSER CO shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report, but the specific financial details and risk factors within it will determine the overall risk level for investors.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Weyerhaeuser's performance and potential challenges in the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Weyerhaeuser Co.)
• 2024-02-16 — Filing Date (Weyerhaeuser Co. 10-K)

Key Players & Entities

• WEYERHAEUSER CO (company) — Filer
• 2023-12-31 (date) — Conformed Period of Report
• 2024-02-16 (date) — Filed as of Date
• SEATTLE (location) — Business Address City
• WA (location) — Business Address State
• 206-539-3000 (phone) — Business Phone

FAQ

Industry Context

Weyerhaeuser operates within the real estate investment trusts sector, focusing on timberlands and wood products.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file annual reports on Form 10-K.

What Investors Should Do

1. Analyze the financial statements for revenue, net income, and asset/liability changes.
2. Review the risk factors section for potential operational, market, or regulatory challenges.
3. Examine disclosures related to pension plans and other post-retirement benefits.

Year-Over-Year Comparison

This is the initial filing analyzed for the period ending December 31, 2023. Previous filings would need to be compared for year-over-year changes.

Key Financial Figures

• $1.25 — ON WHICH REGISTERED Common Shares ($1.25 par value) WY New York Stock Exchan

Filing Documents

• wy-20231231.htm (10-K) — 6082KB
• wy-ex21.htm (EX-21) — 10KB
• wy-ex23.htm (EX-23) — 3KB
• wy-ex31_a.htm (EX-31.(A)) — 14KB
• wy-ex31_b.htm (EX-31.(B)) — 14KB
• wy-ex32.htm (EX-32) — 9KB
• wy-ex97.htm (EX-97) — 46KB
• img174782537_0.jpg (GRAPHIC) — 33KB
• img174782537_1.jpg (GRAPHIC) — 59KB
• img174782537_2.jpg (GRAPHIC) — 30KB
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• img174782537_10.jpg (GRAPHIC) — 46KB
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• img174782537_12.jpg (GRAPHIC) — 111KB
• img174782537_13.jpg (GRAPHIC) — 50KB
• img174782537_14.jpg (GRAPHIC) — 95KB
• img174782537_15.jpg (GRAPHIC) — 95KB
• img174782537_16.jpg (GRAPHIC) — 91KB
• 0000950170-24-016434.txt (&nbsp;) — 25149KB
• wy-20231231.xsd (EX-101.SCH) — 1992KB
• wy-20231231_htm.xml (XML) — 5659KB

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS 29 ITEM 1A.

RISK FACTORS

RISK FACTORS 30 ITEM 1B. UNRESOLVED STAFF COMMENTS 40 ITEM 1C. CYBERSECURITY 41 ITEM 2.

PROPERTIES

PROPERTIES 41 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 42 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 SECURITIES 42 ITEM 6. [RESERVED] — NOT APPLICABLE ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A)

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A) 43 ECONOMIC AND MARKET CONDITIONS AFFECTING OUR OPERATIONS 43 FINANCIAL PERFORMANCE SUMMARY 45 RESULTS OF OPERATIONS 45 LIQUIDITY AND CAPITAL RESOURCES 51 ENVIRONMENTAL MATTERS, LEGAL PROCEEDINGS AND OTHER CONTINGENCIES 54 ACCOUNTING MATTERS 54 PERFORMANCE AND LIQUIDITY MEASURES 55 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 58 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 59 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 59 CONSOLIDATED STATEMENT OF OPERATIONS 60 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 61 CONSOLIDATED BALANCE SHEET 62 CONSOLIDATED STATEMENT OF CASH FLOWS 63 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 64 INDEX FOR NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 65

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 66 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE — NOT APPLICABLE ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 99 ITEM 9B. OTHER INFORMATION 101 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS — NOT APPLICABLE PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 101 ITEM 11. EXECUTIVE AND DIRECTOR COMPENSATION 101 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 101 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 101 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 101 PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 102 EXHIBITS 103 ITEM 16. FORM 10-K SUMMARY — NOT APPLICABLE

SIGNATURES

SIGNATURES 106 Table of Contents OUR BUS INESS Weyerhaeuser Company is one of the world's largest private owners of timberlands. We own or control 10.5 million acres of timberlands in the U.S. and manage an additional 14.1 million acres of timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. Our objective is to maximize the long-term value of timberlands we own. We analyze each timberland acre comprehensively to understand its highest-value use. We realize this value in many ways, most notably through growing and harvesting the trees, but also by selling properties when we can create incremental value. 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. We are also one of the largest manufacturers of wood products in North America. We manufacture and distribute high-quality wood products, including structural lumber, oriented strand board, engineered wood products and other specialty products. These products are primarily supplied to the residential, multi-family, repair and remodel, industrial and light commercial markets. We operate 35 manufacturing facilities in the United States and Canada. Sustainability and citizenship are part of our core values. Our sustainably managed forests and our wood products play a critical role in mitigating climate change, and our carbon record shows that our net impact is significantly carbon negative. In addition to practicing sustainable forestry, we focus on energy and resource efficiency, reducing greenhouse gas emissions, conserving natural resources and offering sustainable products that meet our customers' needs. We operate with industry-leading safety results, actively support the communities in which we operate and communicate transparently with our investors and other stakeholders. We are recog

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