XML 119 R107.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidating Financial Statements Statements of Cash Flows (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES $ 432,270 $ 495,390 $ 307,299
INVESTING ACTIVITIES      
Capital expenditures (144,522) (138,449) (91,667)
Purchase of timberlands (320,899) (5,360) 0
Jesup mill cellulose specialties expansion (42,894) 0 0
Intercompany purchase of timberlands   0  
Intercompany purchase of real estate 0 0  
Change in restricted cash 8,323 (8,231) 1,399
Investment in subsidiaries 0 0 0
Other 11,378 9,384 (2,476)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (488,614) (142,656) (92,744)
FINANCING ACTIVITIES      
Issuance of debt 460,000 157,000 267,500
Repayment of debt (499,057) (96,650) (307,643)
Dividends paid (185,272) (163,673) (158,218)
Proceeds from the issuance of common shares 13,451 26,314 11,115
Excess tax benefits on stock-based compensation 5,681 5,411 2,720
Purchase of exchangeable note hedge 0 0 (23,460)
Proceeds from issuance of warrants 0 0 12,506
Debt issuance costs (2,027) (561) (4,678)
Repurchase of common shares (7,909) (6,028) (1,388)
Issuance of intercompany notes 0    
Intercompany distributions 0 0 0
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (215,133) (78,187) (201,546)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 617 (48) 270
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents (270,860) 274,499 13,279
Balance, beginning of year 349,463 74,964 61,685
Balance, end of year 78,603 349,463 74,964
Parent Company [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES 283,409 143,387 135,985
INVESTING ACTIVITIES      
Capital expenditures 0 0 0
Purchase of timberlands 0 0  
Jesup mill cellulose specialties expansion 0    
Intercompany purchase of timberlands   0  
Intercompany purchase of real estate 0 0  
Change in restricted cash 0 0 0
Investment in subsidiaries (19,259) 0 0
Other 0 0 0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (19,259) 0 0
FINANCING ACTIVITIES      
Issuance of debt 120,000 0 0
Repayment of debt 0 0 0
Dividends paid (185,272) (163,673) (158,218)
Proceeds from the issuance of common shares 13,451 26,314 11,115
Excess tax benefits on stock-based compensation 0 0 0
Purchase of exchangeable note hedge     0
Proceeds from issuance of warrants     12,506
Debt issuance costs 0 0 0
Repurchase of common shares (7,909) (6,028) (1,388)
Issuance of intercompany notes (204,420)    
Intercompany distributions 0 0 0
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (264,150) (143,387) (135,985)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0 0
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents 0 0 0
Balance, beginning of year 0 0 0
Balance, end of year 0 0 0
Senior Exchangeable Notes due 2012 & 2015 [Member] | Guarantor Subsidiaries [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES 332,577 177,502 144,143
INVESTING ACTIVITIES      
Capital expenditures (270) (2,251) (4)
Purchase of timberlands 0 0  
Jesup mill cellulose specialties expansion 0    
Intercompany purchase of timberlands   0  
Intercompany purchase of real estate 0 0  
Change in restricted cash 0 0 0
Investment in subsidiaries (99,988) 0 0
Other 69 0 0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (100,189) (2,251) (4)
FINANCING ACTIVITIES      
Issuance of debt 105,000 0 5,000
Repayment of debt (75,000) (5,000) (20,000)
Dividends paid 0 0 0
Proceeds from the issuance of common shares 0 0 0
Excess tax benefits on stock-based compensation 0 0 0
Purchase of exchangeable note hedge     0
Proceeds from issuance of warrants     0
Debt issuance costs (675) 0 0
Repurchase of common shares 0 0 0
Issuance of intercompany notes 0    
Intercompany distributions (282,495) (143,387) (135,985)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (253,170) (148,387) (150,985)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0 0
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents (20,782) 26,864 (6,846)
Balance, beginning of year 29,759 2,895 9,741
Balance, end of year 8,977 29,759 2,895
Senior Exchangeable Notes due 2012 & 2015 [Member] | Issuer Subsidiary [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES 15,000 30,000 38,000
INVESTING ACTIVITIES      
Capital expenditures 0 0 0
Purchase of timberlands 0 0  
Jesup mill cellulose specialties expansion 0    
Intercompany purchase of timberlands   0  
Intercompany purchase of real estate 0 0  
Change in restricted cash 0 0 0
Investment in subsidiaries (35,828) 145,975 37,362
Other 0 0 0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (35,828) 145,975 37,362
FINANCING ACTIVITIES      
Issuance of debt 0 75,000 177,500
Repayment of debt (168,057) (4,650) (155,064)
Dividends paid 0 0 0
Proceeds from the issuance of common shares 0 0 0
Excess tax benefits on stock-based compensation 0 0 0
Purchase of exchangeable note hedge     (23,460)
Proceeds from issuance of warrants     0
Debt issuance costs (676) (561) (4,678)
Repurchase of common shares 0 0 0
Issuance of intercompany notes (18,961)    
Intercompany distributions (14,760) (30,000) (38,000)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (202,454) 39,789 (43,702)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0 0
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents (223,282) 215,764 31,660
Balance, beginning of year 283,258 67,494 35,834
Balance, end of year 59,976 283,258 67,494
Senior Exchangeable Notes due 2012 & 2015 [Member] | Non-guarantor Subsidiaries of Rayonier TRS Holdings Inc [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES 138,595 307,384 133,320
INVESTING ACTIVITIES      
Capital expenditures (104,321) (103,421) (62,018)
Purchase of timberlands (24,366) 0  
Jesup mill cellulose specialties expansion (42,894)    
Intercompany purchase of timberlands   0  
Intercompany purchase of real estate (12,394) (41,253)  
Change in restricted cash 0 0 0
Investment in subsidiaries 0 0 0
Other 10,607 11,589 (3,980)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (173,368) (133,085) (65,998)
FINANCING ACTIVITIES      
Issuance of debt 0 0 0
Repayment of debt 0 0 0
Dividends paid 0 0 0
Proceeds from the issuance of common shares 0 0 0
Excess tax benefits on stock-based compensation 5,681 5,411 2,720
Purchase of exchangeable note hedge     0
Proceeds from issuance of warrants     0
Debt issuance costs 0 0 0
Repurchase of common shares 0 0 0
Issuance of intercompany notes 18,961    
Intercompany distributions 15,632 (180,610) (79,332)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES 40,274 (175,199) (76,612)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 617 (48) 270
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents 6,118 (948) (9,020)
Balance, beginning of year 1,280 2,228 11,248
Balance, end of year 7,398 1,280 2,228
Senior Exchangeable Notes due 2012 & 2015 [Member] | Non-guarantor Subsidiary All Other Subsidiaries [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES 276,793 181,333 185,400
INVESTING ACTIVITIES      
Capital expenditures (39,931) (32,777) (32,239)
Purchase of timberlands (296,533) (5,360)  
Jesup mill cellulose specialties expansion 0    
Intercompany purchase of timberlands   (46,700)  
Intercompany purchase of real estate 0 0  
Change in restricted cash 8,323 (8,231) 1,399
Investment in subsidiaries 0 0 0
Other 702 (2,205) 1,504
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (327,439) (95,273) (29,336)
FINANCING ACTIVITIES      
Issuance of debt 235,000 82,000 85,000
Repayment of debt (256,000) (87,000) (132,579)
Dividends paid 0 0 0
Proceeds from the issuance of common shares 0 0 0
Excess tax benefits on stock-based compensation 0 0 0
Purchase of exchangeable note hedge     0
Proceeds from issuance of warrants     0
Debt issuance costs (676) 0 0
Repurchase of common shares 0 0 0
Issuance of intercompany notes 204,420    
Intercompany distributions (165,012) (48,241) (111,000)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES 17,732 (53,241) (158,579)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0 0
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents (32,914) 32,819 (2,515)
Balance, beginning of year 35,166 2,347 4,862
Balance, end of year 2,252 35,166 2,347
Senior Exchangeable Notes due 2012 & 2015 [Member] | Consolidation, Eliminations [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES (614,104) (344,216) (329,549)
INVESTING ACTIVITIES      
Capital expenditures 0 0 2,594
Purchase of timberlands 0 0  
Intercompany purchase of timberlands   46,700  
Intercompany purchase of real estate 12,394 41,253  
Change in restricted cash 0 0 0
Investment in subsidiaries 155,075 (145,975) (37,362)
Other 0 0 0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES 167,469 (58,022) (34,768)
FINANCING ACTIVITIES      
Issuance of debt 0 0 0
Repayment of debt 0 0 0
Dividends paid 0 0 0
Proceeds from the issuance of common shares 0 0 0
Excess tax benefits on stock-based compensation 0 0 0
Purchase of exchangeable note hedge     0
Proceeds from issuance of warrants     0
Debt issuance costs 0 0 0
Repurchase of common shares 0 0 0
Issuance of intercompany notes 0    
Intercompany distributions 446,635 402,238 364,317
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES 446,635 402,238 364,317
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0 0
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents 0 0 0
Balance, beginning of year 0 0 0
Balance, end of year 0 0 0
Potential additional securities issued by parent [Member] | Guarantor Subsidiaries [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES 425,705 441,039 240,338
INVESTING ACTIVITIES      
Capital expenditures (105,184) (105,053) (61,998)
Purchase of timberlands (102,302) 0  
Jesup mill cellulose specialties expansion (42,894)    
Intercompany purchase of timberlands   0  
Intercompany purchase of real estate (12,394) (41,253)  
Change in restricted cash 0 0 0
Investment in subsidiaries (22,259)    
Other 10,676 11,589 (3,980)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (274,357) (134,717) (65,978)
FINANCING ACTIVITIES      
Issuance of debt 105,000 75,000 182,500
Repayment of debt (243,057) (9,650) (175,064)
Dividends paid 0 0 0
Proceeds from the issuance of common shares 0 0 0
Excess tax benefits on stock-based compensation 5,681 5,411 2,720
Purchase of exchangeable note hedge     (23,460)
Proceeds from issuance of warrants     0
Debt issuance costs (1,351) (561) (4,678)
Repurchase of common shares 0 0 0
Issuance of intercompany notes 0    
Intercompany distributions (263,235) (143,387) (135,985)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (396,962) (73,187) (153,967)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0 0
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents (245,614) 233,135 20,393
Balance, beginning of year 303,746 70,611 50,218
Balance, end of year 58,132 303,746 70,611
Potential additional securities issued by parent [Member] | Non-Guarantor Subsidiaries [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES 283,044 190,545 180,555
INVESTING ACTIVITIES      
Capital expenditures (39,338) (33,396) (32,263)
Purchase of timberlands (218,597) (5,360)  
Jesup mill cellulose specialties expansion 0    
Intercompany purchase of timberlands   (46,700)  
Intercompany purchase of real estate 0 0  
Change in restricted cash 8,323 (8,231) 1,399
Investment in subsidiaries 0    
Other 702 (2,205) 1,504
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES (248,910) (95,892) (29,360)
FINANCING ACTIVITIES      
Issuance of debt 235,000 82,000 85,000
Repayment of debt (256,000) (87,000) (132,579)
Dividends paid 0 0 0
Proceeds from the issuance of common shares 0 0 0
Excess tax benefits on stock-based compensation 0 0 0
Purchase of exchangeable note hedge     0
Proceeds from issuance of warrants     0
Debt issuance costs (676) 0 0
Repurchase of common shares 0 0 0
Issuance of intercompany notes 204,420    
Intercompany distributions (242,741) (48,241) (111,000)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (59,997) (53,241) (158,579)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 617 (48) 270
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents (25,246) 41,364 (7,114)
Balance, beginning of year 45,717 4,353 11,467
Balance, end of year 20,471 45,717 4,353
Potential additional securities issued by parent [Member] | Consolidation, Eliminations [Member]
     
Consolidated Statements of Cash Flows [Abstract]      
CASH PROVIDED BY OPERATING ACTIVITIES (559,888) (279,581) (249,579)
INVESTING ACTIVITIES      
Capital expenditures 0 0 2,594
Purchase of timberlands 0 0  
Jesup mill cellulose specialties expansion 0    
Intercompany purchase of timberlands   46,700  
Intercompany purchase of real estate 12,394 41,253  
Change in restricted cash 0 0 0
Investment in subsidiaries 41,518    
Other 0 0 0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES 53,912 87,953 2,594
FINANCING ACTIVITIES      
Issuance of debt 0 0 0
Repayment of debt 0 0 0
Dividends paid 0 0 0
Proceeds from the issuance of common shares 0 0 0
Excess tax benefits on stock-based compensation 0 0 0
Purchase of exchangeable note hedge     0
Proceeds from issuance of warrants     0
Debt issuance costs 0 0 0
Repurchase of common shares 0 0 0
Issuance of intercompany notes 0    
Intercompany distributions 505,976 191,628 246,985
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES 505,976 191,628 246,985
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0 0
CASH AND CASH EQUIVALENTS      
(Decrease) increase in cash and cash equivalents 0 0 0
Balance, beginning of year 0 0 0
Balance, end of year $ 0 $ 0 $ 0