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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income $ 89,510 $ 293,993
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, depletion and amortization 92,454 81,668
Non-cash cost of real estate sold 6,507 4,349
Stock-based incentive compensation expense 6,780 8,993
Deferred income taxes 4,435 42,832
Tax benefit of AFMC for CBPC exchange 0 (18,761)
Non-cash adjustments to unrecognized tax benefit liability (10,547) 3,966
Depreciation and amortization from discontinued operations 37,985 51,696
Amortization of losses from pension and postretirement plans 6,503 16,835
Gain on sale of discontinued operations, net 0 (42,670)
Gain related to consolidation of New Zealand joint venture 0 (16,098)
Loss on early redemption of exchangeable notes 0 3,017
Other 2,946 (8,205)
Changes in operating assets and liabilities:    
Receivables 263 (18,710)
Inventories 2,607 (9,040)
Accounts payable 33,305 13,712
Income tax receivable/payable 756 (2,482)
All other operating activities 12,321 5,863
Payment to exchange AFMC for CBPC 0 (70,311)
Expenditures for dispositions and discontinued operations (5,096) (6,411)
CASH PROVIDED BY OPERATING ACTIVITIES 280,729 334,236
INVESTING ACTIVITIES    
Capital expenditures (105,658) (122,099)
Purchase of additional interest in New Zealand joint venture 0 (139,879)
Purchase of timberlands (93,189) (11,650)
Jesup mill cellulose specialties expansion (gross purchases of $0 and $140,820, net of purchases on account of $0 and $3,428) 0 (137,392)
Proceeds from disposition of Wood Products business 0 68,063
Change in restricted cash 47,318 3,989
Other (478) (224)
CASH USED FOR INVESTING ACTIVITIES (152,007) (339,192)
FINANCING ACTIVITIES    
Issuance of debt 1,295,163 607,885
Repayment of debt (1,173,049) (453,463)
Dividends paid (225,877) (175,079)
Proceeds from the issuance of common shares 4,645 9,205
Excess tax benefits on stock-based compensation 0 8,189
Repurchase of common shares (1,834) (11,303)
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
Other (680) 0
CASH USED FOR FINANCING ACTIVITIES (145,432) (14,566)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (103) (336)
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents (16,813) (19,858)
Balance, beginning of year 199,644 280,596
Balance, end of period 182,831 260,738
Cash paid during the period:    
Interest 38,248 26,930
Income taxes 10,453 88,024
Non-cash investing activity:    
Capital assets purchased on account 2,310 29,738
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)
Partial conversion of Senior Exchangeable Notes to equity $ 0 $ 1,497