XML 113 R153.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidating Financial Statements Balance Sheets (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS        
Cash and cash equivalents $ 199,644 $ 280,596 $ 78,603 $ 349,463
Accounts receivable, less allowance for doubtful accounts 94,956 100,359    
Inventory 138,818 127,966    
Current deferred tax assets 39,100 15,845    
Prepaid and other current assets 46,576 41,508    
Total current assets 519,094 566,274    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,049,378 1,573,309    
NET PROPERTY, PLANT AND EQUIPMENT 860,821 707,038    
INVESTMENT IN JOINT VENTURE 0 72,419    
INVESTMENT IN SUBSIDIARIES 0 0    
INTERCOMPANY NOTES RECEIVABLE 0 0    
OTHER ASSETS 256,208 203,911    
TOTAL ASSETS 3,685,501 3,122,951    
CURRENT LIABILITIES        
Accounts payable 69,293 70,381    
Current maturities of long-term debt 112,500 150,000    
Accrued taxes 8,551 13,824    
Uncertain tax positions 10,547 800    
Accrued payroll and benefits 24,948 28,068    
Accrued interest 9,531 7,956    
Accrued customer incentives 9,580 10,849    
Other current liabilities 24,327 17,840    
Current liabilities for dispositions and discontinued operations 6,835 8,105 9,931  
Total current liabilities 276,112 307,823    
LONG-TERM DEBT 1,461,724 1,120,052    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 69,543 73,590 80,893  
PENSION AND OTHER POSTRETIREMENT BENEFITS 95,654 159,582    
OTHER NON-CURRENT LIABILITIES 27,225 23,900    
INTERCOMPANY PAYABLE 0 0    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,661,170 1,438,004    
Noncontrolling interest 94,073 0    
TOTAL SHAREHOLDERS’ EQUITY 1,755,243 1,438,004 1,323,073 1,251,582
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,685,501 3,122,951    
Rayonier Inc. (Parent Guarantor) [Member]
       
CURRENT ASSETS        
Cash and cash equivalents 130,181 252,888 0 0
Accounts receivable, less allowance for doubtful accounts 0 0    
Inventory 0 0    
Current deferred tax assets 0 0    
Prepaid and other current assets 0 0    
Total current assets 130,181 252,888    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 0 0    
INVESTMENT IN JOINT VENTURE 0 0    
INVESTMENT IN SUBSIDIARIES 1,627,315 1,445,205    
INTERCOMPANY NOTES RECEIVABLE 228,032 213,863    
OTHER ASSETS 3,689 4,148    
TOTAL ASSETS 1,989,217 1,916,104    
CURRENT LIABILITIES        
Accounts payable 0 0    
Current maturities of long-term debt 0 150,000    
Accrued taxes 0 0    
Uncertain tax positions 0 0    
Accrued payroll and benefits 0 0    
Accrued interest 3,047 3,100    
Accrued customer incentives 0 0    
Other current liabilities 0 0    
Current liabilities for dispositions and discontinued operations 0 0    
Total current liabilities 3,047 153,100    
LONG-TERM DEBT 325,000 325,000    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 0 0    
PENSION AND OTHER POSTRETIREMENT BENEFITS 0 0    
OTHER NON-CURRENT LIABILITIES 0 0    
INTERCOMPANY PAYABLE 0 0    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,661,170      
Noncontrolling interest 0      
TOTAL SHAREHOLDERS’ EQUITY 1,661,170 1,438,004    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,989,217 1,916,104    
Senior Exchangeable Notes due 2015 [Member] | ROC (Subsidiary Guarantor) [Member]
       
CURRENT ASSETS        
Cash and cash equivalents 304 3,966 8,977 29,759
Accounts receivable, less allowance for doubtful accounts 10 386    
Inventory 0 0    
Current deferred tax assets 0 0    
Prepaid and other current assets 2,363 1,566    
Total current assets 2,677 5,918    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 2,612 2,321    
INVESTMENT IN JOINT VENTURE 0 0    
INVESTMENT IN SUBSIDIARIES 1,837,760 1,677,782    
INTERCOMPANY NOTES RECEIVABLE 0 14,000    
OTHER ASSETS 32,519 27,779    
TOTAL ASSETS 1,875,568 1,727,800    
CURRENT LIABILITIES        
Accounts payable 1,522 2,099    
Current maturities of long-term debt 0 0    
Accrued taxes 4,855 485    
Uncertain tax positions 5,780 0    
Accrued payroll and benefits 11,382 15,044    
Accrued interest 538 379    
Accrued customer incentives 0 0    
Other current liabilities 2,985 2,925    
Current liabilities for dispositions and discontinued operations 0 0    
Total current liabilities 27,062 20,932    
LONG-TERM DEBT 0 0    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 0 0    
PENSION AND OTHER POSTRETIREMENT BENEFITS 91,471 129,156    
OTHER NON-CURRENT LIABILITIES 11,493 16,432    
INTERCOMPANY PAYABLE 118,227 116,075    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,627,315      
Noncontrolling interest 0      
TOTAL SHAREHOLDERS’ EQUITY 1,627,315 1,445,205    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,875,568 1,727,800    
Senior Exchangeable Notes due 2015 [Member] | Rayonier TRS Holdings Inc. (Issuer) [Member]
       
CURRENT ASSETS        
Cash and cash equivalents 10,719 19,358 59,976 283,258
Accounts receivable, less allowance for doubtful accounts 2,300 0    
Inventory 0 0    
Current deferred tax assets 681 0    
Prepaid and other current assets 6 691    
Total current assets 13,706 20,049    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 0 0    
INVESTMENT IN JOINT VENTURE 0 0    
INVESTMENT IN SUBSIDIARIES 1,148,221 1,452,027    
INTERCOMPANY NOTES RECEIVABLE 20,659 19,831    
OTHER ASSETS 3,739 5,182    
TOTAL ASSETS 1,186,325 1,497,089    
CURRENT LIABILITIES        
Accounts payable 1,564 33    
Current maturities of long-term debt 112,500 0    
Accrued taxes 0 0    
Uncertain tax positions 0 0    
Accrued payroll and benefits 0 0    
Accrued interest 2,742 3,197    
Accrued customer incentives 0 0    
Other current liabilities 0 0    
Current liabilities for dispositions and discontinued operations 0 0    
Total current liabilities 116,806 3,230    
LONG-TERM DEBT 847,749 718,321    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 0 0    
PENSION AND OTHER POSTRETIREMENT BENEFITS 0 0    
OTHER NON-CURRENT LIABILITIES 0 0    
INTERCOMPANY PAYABLE 0 0    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 221,770      
Noncontrolling interest 0      
TOTAL SHAREHOLDERS’ EQUITY 221,770 775,538    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,186,325 1,497,089    
Senior Exchangeable Notes due 2015 [Member] | Non-guarantor [Member]
       
CURRENT ASSETS        
Cash and cash equivalents 58,440 4,384 9,650 36,446
Accounts receivable, less allowance for doubtful accounts 92,646 99,973    
Inventory 138,818 127,966    
Current deferred tax assets 38,419 15,845    
Prepaid and other current assets 44,207 39,251    
Total current assets 372,530 287,419    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,049,378 1,573,309    
NET PROPERTY, PLANT AND EQUIPMENT 858,209 704,717    
INVESTMENT IN JOINT VENTURE 0 72,419    
INVESTMENT IN SUBSIDIARIES 0 0    
INTERCOMPANY NOTES RECEIVABLE 0 0    
OTHER ASSETS 216,261 166,802    
TOTAL ASSETS 3,496,378 2,804,666    
CURRENT LIABILITIES        
Accounts payable 66,207 68,249    
Current maturities of long-term debt 0 0    
Accrued taxes 3,696 13,339    
Uncertain tax positions 4,767      
Accrued payroll and benefits 13,566 13,024    
Accrued interest 22,816 1,280    
Accrued customer incentives 9,580 10,849    
Other current liabilities 21,342 14,915    
Current liabilities for dispositions and discontinued operations 6,835 8,105    
Total current liabilities 148,809 130,561    
LONG-TERM DEBT 288,975 76,731    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 69,543 73,590    
PENSION AND OTHER POSTRETIREMENT BENEFITS 4,183 30,426    
OTHER NON-CURRENT LIABILITIES 15,732 7,468    
INTERCOMPANY PAYABLE 125,921 137,797    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 2,749,142      
Noncontrolling interest 94,073      
TOTAL SHAREHOLDERS’ EQUITY 2,843,215 2,348,093    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,496,378 2,804,666    
Senior Exchangeable Notes due 2015 [Member] | Consolidating Adjustments [Member]
       
CURRENT ASSETS        
Cash and cash equivalents 0 0 0 0
Accounts receivable, less allowance for doubtful accounts 0 0    
Inventory 0 0    
Current deferred tax assets 0 0    
Prepaid and other current assets 0 0    
Total current assets 0 0    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 0 0    
INVESTMENT IN JOINT VENTURE 0 0    
INVESTMENT IN SUBSIDIARIES (4,613,296) (4,575,014)    
INTERCOMPANY NOTES RECEIVABLE (248,691) (247,694)    
OTHER ASSETS 0 0    
TOTAL ASSETS (4,861,987) (4,822,708)    
CURRENT LIABILITIES        
Accounts payable 0 0    
Current maturities of long-term debt 0 0    
Accrued taxes 0 0    
Uncertain tax positions 0      
Accrued payroll and benefits 0 0    
Accrued interest (19,612) 0    
Accrued customer incentives 0 0    
Other current liabilities 0 0    
Current liabilities for dispositions and discontinued operations 0 0    
Total current liabilities (19,612) 0    
LONG-TERM DEBT 0 0    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 0 0    
PENSION AND OTHER POSTRETIREMENT BENEFITS 0 0    
OTHER NON-CURRENT LIABILITIES 0 0    
INTERCOMPANY PAYABLE (244,148) (253,872)    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY (4,598,227)      
Noncontrolling interest 0      
TOTAL SHAREHOLDERS’ EQUITY (4,598,227) (4,568,836)    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (4,861,987) (4,822,708)    
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | ROC (Subsidiary Guarantor) [Member]
       
CURRENT ASSETS        
Cash and cash equivalents 11,023 23,324 68,953 313,017
Accounts receivable, less allowance for doubtful accounts 2,310 386    
Inventory 0 0    
Current deferred tax assets 681 0    
Prepaid and other current assets 2,369 2,257    
Total current assets 16,383 25,967    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 2,612 2,321    
INVESTMENT IN JOINT VENTURE   0    
INVESTMENT IN SUBSIDIARIES 2,764,211 2,354,270    
INTERCOMPANY NOTES RECEIVABLE 20,659 33,831    
OTHER ASSETS 36,258 32,961    
TOTAL ASSETS 2,840,123 2,449,350    
CURRENT LIABILITIES        
Accounts payable 3,086 2,132    
Current maturities of long-term debt 112,500 0    
Accrued taxes 4,855 485    
Uncertain tax positions 5,780 0    
Accrued payroll and benefits 11,382 15,044    
Accrued interest 3,280 3,576    
Accrued customer incentives 0 0    
Other current liabilities 2,985 2,925    
Current liabilities for dispositions and discontinued operations 0 0    
Total current liabilities 143,868 24,162    
LONG-TERM DEBT 847,749 718,321    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 0 0    
PENSION AND OTHER POSTRETIREMENT BENEFITS 91,471 129,156    
OTHER NON-CURRENT LIABILITIES 11,493 16,432    
INTERCOMPANY PAYABLE 118,227 116,074    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,627,315      
Noncontrolling interest 0      
TOTAL SHAREHOLDERS’ EQUITY 1,627,315 1,445,205    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 2,840,123 2,449,350    
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Non-guarantor [Member]
       
CURRENT ASSETS        
Cash and cash equivalents 58,440 4,384 9,650 36,446
Accounts receivable, less allowance for doubtful accounts 92,646 99,973    
Inventory 138,818 127,966    
Current deferred tax assets 38,419 15,845    
Prepaid and other current assets 44,207 39,251    
Total current assets 372,530 287,419    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,049,378 1,573,309    
NET PROPERTY, PLANT AND EQUIPMENT 858,209 704,717    
INVESTMENT IN JOINT VENTURE   72,419    
INVESTMENT IN SUBSIDIARIES 0 0    
INTERCOMPANY NOTES RECEIVABLE 0 0    
OTHER ASSETS 216,261 166,802    
TOTAL ASSETS 3,496,378 2,804,666    
CURRENT LIABILITIES        
Accounts payable 66,207 68,249    
Current maturities of long-term debt 0 0    
Accrued taxes 3,696 13,339    
Uncertain tax positions 4,767 800    
Accrued payroll and benefits 13,566 13,024    
Accrued interest 22,816 1,280    
Accrued customer incentives 9,580 10,849    
Other current liabilities 21,342 14,915    
Current liabilities for dispositions and discontinued operations 6,835 8,105    
Total current liabilities 148,809 130,561    
LONG-TERM DEBT 288,975 76,731    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 69,543 73,590    
PENSION AND OTHER POSTRETIREMENT BENEFITS 4,183 30,426    
OTHER NON-CURRENT LIABILITIES 15,732 7,468    
INTERCOMPANY PAYABLE 125,921 137,797    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 2,749,142      
Noncontrolling interest 94,073      
TOTAL SHAREHOLDERS’ EQUITY 2,843,215 2,348,093    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 3,496,378 2,804,666    
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Consolidating Adjustments [Member]
       
CURRENT ASSETS        
Cash and cash equivalents 0 0 0 0
Accounts receivable, less allowance for doubtful accounts 0 0    
Inventory 0 0    
Current deferred tax assets 0 0    
Prepaid and other current assets 0 0    
Total current assets 0 0    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 0 0    
INVESTMENT IN JOINT VENTURE   0    
INVESTMENT IN SUBSIDIARIES (4,391,526) (3,799,475)    
INTERCOMPANY NOTES RECEIVABLE (248,691) (247,694)    
OTHER ASSETS 0 0    
TOTAL ASSETS (4,640,217) (4,047,169)    
CURRENT LIABILITIES        
Accounts payable 0 0    
Current maturities of long-term debt 0 0    
Accrued taxes 0 0    
Uncertain tax positions 0 0    
Accrued payroll and benefits 0 0    
Accrued interest (19,612) 0    
Accrued customer incentives 0 0    
Other current liabilities 0 0    
Current liabilities for dispositions and discontinued operations 0 0    
Total current liabilities (19,612) 0    
LONG-TERM DEBT 0 0    
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS 0 0    
PENSION AND OTHER POSTRETIREMENT BENEFITS 0 0    
OTHER NON-CURRENT LIABILITIES 0 0    
INTERCOMPANY PAYABLE (244,148) (253,871)    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY (4,376,457)      
Noncontrolling interest 0      
TOTAL SHAREHOLDERS’ EQUITY (4,376,457) (3,793,298)    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ (4,640,217) $ (4,047,169)