Based in Washington, Weyerhaeuser Company is one of the leading U.S. forest product companies with operations primarily concentrated in Southern California, Nevada, Washington, Texas, Maryland and Virginia. The company caters to a diverse clientele spread over the United States, Canada, Japan, Europe and other regions. The company grows and harvests trees, builds homes and manufactures forest products worldwide, primarily to be used as lumber, pulp and paper, and other wood and building products. It offers logs, hardwood lumber, timber, poles and plywood, as well as minerals, oil, gas, seeds and seedlings.

The company operates through three business segments including:

The Timberlands segment (contributing 25.6% to 2021 sales) is engaged in the sale of logs, stumpage and pay-as-cut timber.

The Wood Products segment (77.9%) deals with the sale of plywood, softwood lumber, engineered wood products, oriented strand board (OSB), fiberboard and building materials distribution.

The Real Estate, Energy and Natural Resources segment (2.7%) deals with the results from an equity interest in Plum Creek Real Estate development joint ventures. Also, the segment is responsible for disposition of properties, non-core timberlands, and royalties related to minerals and oil and gas assets.

Cash and cash equivalents at the third-quarter end were $1.92 billion, up from $1.88 billion at the 2021-end. Adjusted Funds Available for Distribution (Adjusted FAD) — a non-GAAP measure to evaluate the company’s liquidity — was $468 million at the third-quarter end. It also had $1.5 billion of availability on its line of credit as of Sep 30, 2022, which expires in January 2025. The company’s long-term debt was $4.94 billion at September-end, down from $5.099 billion at 2021-end. Weyerhaeuser generated $2,665 million of cash from operations in the first nine months of 2022, reflecting no change from a year ago.