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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net income $ 57,451 $ 235,626
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 58,411 50,857
Non-cash cost of real estate sold 3,302 2,593
Stock-based incentive compensation expense 5,980 6,226
Deferred income taxes 10,103 38,107
Tax benefit of AFMC for CBPC exchange 0 (18,761)
Depreciation and amortization from discontinued operations 37,985 29,356
Amortization of losses from pension and postretirement plans 5,896 11,617
Gain on sale of discontinued operations, net 0 (42,670)
Gain related to consolidation of New Zealand joint venture 0 (16,098)
Other (43) (8,653)
Changes in operating assets and liabilities:    
Receivables 9,988 (11,782)
Inventories 4,765 27,325
Accounts payable 27,307 19,535
Income tax receivable/payable 5,217 (5,626)
All other operating activities 5,130 (7,654)
Payment to exchange AFMC for CBPC 0 (70,311)
Expenditures for dispositions and discontinued operations (5,096) (4,015)
CASH PROVIDED BY OPERATING ACTIVITIES 226,396 235,672
INVESTING ACTIVITIES    
Capital expenditures (80,494) (74,587)
Purchase of additional interest in New Zealand joint venture 0 (139,879)
Purchase of timberlands (74,817) (10,447)
Jesup mill cellulose specialties expansion (gross purchases of $0 and $114,449, net of purchases on account of $0 and $14,264) 0 (100,185)
Proceeds from disposition of Wood Products business 0 72,953
Change in restricted cash 63,128 7,603
Other (478) 537
CASH USED FOR INVESTING ACTIVITIES (92,661) (244,005)
FINANCING ACTIVITIES    
Issuance of debt 1,238,389 455,000
Repayment of debt (1,107,062) (273,087)
Dividends paid (124,628) (113,222)
Proceeds from the issuance of common shares 3,347 6,643
Excess tax benefits on stock-based compensation 0 7,399
Repurchase of common shares (1,834) (11,241)
Debt issuance costs 12,380 0
Purchase of timberland deeds for Rayonier Advanced Materials (12,677) 0
Debt issuance funds distributed to Rayonier Advanced Materials (924,943) 0
Proceeds from spin-off of Rayonier Advanced Materials 906,200 0
Change in restricted cash reserved for dividends (75,000) 0
Other (680) 0
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES (111,268) 71,492
EFFECT OF EXCHANGE RATE CHANGES ON CASH (50) (174)
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents 22,417 62,985
Balance, beginning of year 199,644 280,596
Balance, end of period 222,061 343,581
Cash paid during the period:    
Interest 26,980 16,754
Income taxes 10,417 84,508
Non-cash investing activity:    
Capital assets purchased on account 11,547 59,729
Non-cash financing activity:    
Shareholder debt assumed in acquisition of New Zealand joint venture 0 125,532
Conversion of shareholder debt to equity noncontrolling interest $ 0 $ (95,961)