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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES      
Net income $ 373,798 [1] $ 278,685 $ 276,005
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation, depletion and amortization 191,274 145,540 132,548
Non-cash cost of real estate sold 10,178 4,746 4,329
Non-cash cost of New York timberland sale 53,990 0 0
Stock-based incentive compensation expense 11,683 15,116 16,181
Amortization of debt discount/premium 1,215 6,323 8,654
Deferred income taxes 5,857 3,505 2,498
Tax benefit of AFMC for CBPC exchange (18,761) (12,196) 0
Non-cash adjustments to unrecognized tax benefit liability 3,967 0 (16,000)
Amortization of losses from pension and postretirement plans 22,029 19,493 12,369
Gain on sale of discontinued operations, net (42,121) 0 0
Gain related to consolidation of New Zealand joint venture (16,098) 0 0
Loss on early redemption of exchangeable notes 3,974 0 0
Other (5,528) 298 8,378
Changes in operating assets and liabilities:      
Receivables 11,100 (4,248) (12,011)
Inventories (19,986) (10,649) (3,868)
Accounts payable (1,655) (7,967) 6,347
Income tax receivable/payable 47,232 65,212 19,788
All other operating activities (8,094) 2,750 (13,739)
Payment to exchange AFMC for CBPC (70,311) (50,768) 0
Expenditures for dispositions and discontinued operations (8,570) (9,926) (9,209)
CASH PROVIDED BY OPERATING ACTIVITIES 545,173 445,914 432,270
INVESTING ACTIVITIES      
Capital expenditures (158,898) (157,562) (144,522)
Purchase of additional interest in New Zealand joint venture (139,879) 0 0
Purchase of timberlands (20,401) (106,536) (320,899)
Jesup mill cellulose specialties expansion (141,143) (201,359) (42,894)
Proceeds from disposition of Wood Products business 62,720 0 0
Change in restricted cash (58,385) (10,559) 8,323
Other (12,934) 3,115 11,378
CASH USED FOR INVESTING ACTIVITIES (468,920) (472,901) (488,614)
FINANCING ACTIVITIES      
Issuance of debt (Note 13) 622,885 1,230,000 460,000
Repayment of debt (549,485) (813,610) (499,057)
Dividends paid (237,016) (206,583) (185,272)
Proceeds from the issuance of common shares 10,101 25,495 13,451
Excess tax benefits on stock-based compensation 8,413 7,635 5,681
Debt issuance costs 0 (6,135) (2,027)
Repurchase of common shares (11,326) (7,783) (7,909)
Other (713) 0 0
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (157,141) 229,019 (215,133)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (64) (39) 617
CASH AND CASH EQUIVALENTS      
Change in cash and cash equivalents (80,952) 201,993 (270,860)
Balance, beginning of year 280,596 78,603 349,463
Balance, end of year 199,644 280,596 78,603
Cash paid during the year:      
Interest 44,156 34,956 38,223
Income taxes 99,120 74,745 17,509
Non-cash investing and financing activity:      
Acquisition of timberlands (Note 8) 0 0 105,000
Assumption of loan (Note 13) 0 0 105,000
Capital assets purchased on account 15,522 25,926 20,866
Shareholder debt assumed in acquisition of New Zealand joint venture 125,532 0 0
Conversion of shareholder debt to equity noncontrolling interest (95,961) 0 0
Partial conversion of Senior Exchangeable Notes to equity $ 2,453 $ 0 $ 0
[1] Net income and net income attributable to Rayonier Inc. included a $43 million gain on the sale of Wood Products for the quarter ended March 31, 2013.