XML 93 R92.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATING FINANCIAL STATEMENTS Condensed Consolidating Statements of Cash Flows (Details) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Statement of Cash Flows [Abstract]    
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)
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion 0 (137,392)
Proceeds from the disposition of Wood Products business 0 68,063
Change in restricted cash 47,318 3,989
Investment in Subsidiaries 0 0
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
Debt issuance costs (12,380) 0
Repurchase of common shares (1,834) (11,303)
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 0  
Issuance of intercompany notes 0 0
Intercompany distributions 0 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
Rayonier Inc. (Parent Guarantor) [Member]
   
Statement of Cash Flows [Abstract]    
CASH PROVIDED BY OPERATING ACTIVITIES 219,988 389,405
INVESTING ACTIVITIES    
Capital expenditures 0 0
Purchase of additional interest in New Zealand joint venture   0
Purchase of timberlands 0 0
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion   0
Proceeds from the disposition of Wood Products business   0
Change in restricted cash 0 0
Investment in Subsidiaries 0 (138,178)
Other 0 0
CASH USED FOR INVESTING ACTIVITIES 0 (138,178)
FINANCING ACTIVITIES    
Issuance of debt 0 175,000
Repayment of debt 0 (325,000)
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
Debt issuance costs 0  
Repurchase of common shares (1,834) (11,303)
Purchase of timberland deeds for Rayonier Advanced Materials (12,677)  
Debt issuance funds distributed to Rayonier Advanced Materials (924,943)  
Proceeds from spin-off of Rayonier Advanced Materials 906,200  
Change in restricted cash reserved for dividends 0  
Issuance of intercompany notes (11,400) (4,000)
Intercompany distributions 0 0
Other 0  
CASH USED FOR FINANCING ACTIVITIES (265,886) (331,177)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents (45,898) (79,950)
Balance, beginning of year 130,181 252,888
Balance, end of period 84,283 172,938
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] | ROC (Subsidiary Guarantor) [Member]
   
Statement of Cash Flows [Abstract]    
CASH PROVIDED BY OPERATING ACTIVITIES 238,010 394,700
INVESTING ACTIVITIES    
Capital expenditures (400) (335)
Purchase of additional interest in New Zealand joint venture   0
Purchase of timberlands 0 0
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion   0
Proceeds from the disposition of Wood Products business   0
Change in restricted cash 0 0
Investment in Subsidiaries 0 (138,178)
Other 0 1,701
CASH USED FOR INVESTING ACTIVITIES (400) (136,812)
FINANCING ACTIVITIES    
Issuance of debt 0 0
Repayment of debt 0 0
Dividends paid 0 0
Proceeds from the issuance of common shares 0 0
Excess tax benefits on stock-based compensation   0
Debt issuance costs 0  
Repurchase of common shares 0 0
Purchase of timberland deeds for Rayonier Advanced Materials 0  
Debt issuance funds distributed to Rayonier Advanced Materials 0  
Proceeds from spin-off of Rayonier Advanced Materials 0  
Change in restricted cash reserved for dividends 0  
Issuance of intercompany notes 0   
Intercompany distributions (234,659) (256,921)
Other 0  
CASH USED FOR FINANCING ACTIVITIES (234,659) (256,921)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents 2,951 967
Balance, beginning of year 304 3,966
Balance, end of period 3,255 4,933
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] | Subsidiary Issuer [Member]
   
Statement of Cash Flows [Abstract]    
CASH PROVIDED BY OPERATING ACTIVITIES 0 84,000
INVESTING ACTIVITIES    
Capital expenditures 0 0
Purchase of additional interest in New Zealand joint venture   0
Purchase of timberlands 0 0
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion   0
Proceeds from the disposition of Wood Products business   0
Change in restricted cash 0 0
Investment in Subsidiaries 855,014 (316,836)
Other 0 0
CASH USED FOR INVESTING ACTIVITIES 855,014 (316,836)
FINANCING ACTIVITIES    
Issuance of debt 185,000 375,000
Repayment of debt (1,002,500) (56,527)
Dividends paid 0 0
Proceeds from the issuance of common shares 0 0
Excess tax benefits on stock-based compensation   0
Debt issuance costs 0  
Repurchase of common shares 0 0
Purchase of timberland deeds for Rayonier Advanced Materials 0  
Debt issuance funds distributed to Rayonier Advanced Materials 0  
Proceeds from spin-off of Rayonier Advanced Materials 0  
Change in restricted cash reserved for dividends 0  
Issuance of intercompany notes 0 0
Intercompany distributions 0 (84,000)
Other 0  
CASH USED FOR FINANCING ACTIVITIES (817,500) 234,473
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents 37,514 1,637
Balance, beginning of year 10,719 19,358
Balance, end of period 48,233 20,995
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] | Non-guarantors [Member]
   
Statement of Cash Flows [Abstract]    
CASH PROVIDED BY OPERATING ACTIVITIES 54,461 291,478
INVESTING ACTIVITIES    
Capital expenditures (105,258) (121,764)
Purchase of additional interest in New Zealand joint venture   (139,879)
Purchase of timberlands (93,189) (11,650)
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion   (137,392)
Proceeds from the disposition of Wood Products business   68,063
Change in restricted cash 47,318 3,989
Investment in Subsidiaries 0 0
Other (478) (1,925)
CASH USED FOR INVESTING ACTIVITIES (151,607) (340,558)
FINANCING ACTIVITIES    
Issuance of debt 1,110,163 57,885
Repayment of debt (170,549) (71,936)
Dividends paid 0 0
Proceeds from the issuance of common shares 0 0
Excess tax benefits on stock-based compensation   8,189
Debt issuance costs (12,380)  
Repurchase of common shares 0 0
Purchase of timberland deeds for Rayonier Advanced Materials 0  
Debt issuance funds distributed to Rayonier Advanced Materials 0  
Proceeds from spin-off of Rayonier Advanced Materials 0  
Change in restricted cash reserved for dividends 0  
Issuance of intercompany notes 11,400 4,000
Intercompany distributions (852,085) 108,766
Other (680)  
CASH USED FOR FINANCING ACTIVITIES 85,869 106,904
EFFECT OF EXCHANGE RATE CHANGES ON CASH (103) (336)
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents (11,380) 57,488
Balance, beginning of year 58,440 4,384
Balance, end of period 47,060 61,872
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] | Consolidation Adjustments [Member]
   
Statement of Cash Flows [Abstract]    
CASH PROVIDED BY OPERATING ACTIVITIES (231,730) (825,347)
INVESTING ACTIVITIES    
Capital expenditures 0 0
Purchase of additional interest in New Zealand joint venture   0
Purchase of timberlands 0 0
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion   0
Proceeds from the disposition of Wood Products business   0
Change in restricted cash 0 0
Investment in Subsidiaries (855,014) 593,192
Other 0 0
CASH USED FOR INVESTING ACTIVITIES (855,014) 593,192
FINANCING ACTIVITIES    
Issuance of debt 0 0
Repayment of debt 0 0
Dividends paid 0 0
Proceeds from the issuance of common shares 0 0
Excess tax benefits on stock-based compensation   0
Debt issuance costs 0  
Repurchase of common shares 0 0
Purchase of timberland deeds for Rayonier Advanced Materials 0  
Debt issuance funds distributed to Rayonier Advanced Materials 0  
Proceeds from spin-off of Rayonier Advanced Materials 0  
Change in restricted cash reserved for dividends 0  
Issuance of intercompany notes 0 0
Intercompany distributions 1,086,744 232,155
Other 0  
CASH USED FOR FINANCING ACTIVITIES 1,086,744 232,155
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents 0 0
Balance, beginning of year 0 0
Balance, end of period 0 0
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | ROC (Subsidiary Guarantor) [Member]
   
Statement of Cash Flows [Abstract]    
CASH PROVIDED BY OPERATING ACTIVITIES 238,010 394,700
INVESTING ACTIVITIES    
Capital expenditures (400) (335)
Purchase of additional interest in New Zealand joint venture   0
Purchase of timberlands 0 0
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion   0
Proceeds from the disposition of Wood Products business   0
Change in restricted cash 0 0
Investment in Subsidiaries 855,014 (455,014)
Other 0 1,701
CASH USED FOR INVESTING ACTIVITIES 854,614 (453,648)
FINANCING ACTIVITIES    
Issuance of debt 185,000 375,000
Repayment of debt (1,002,500) (56,527)
Dividends paid 0 0
Proceeds from the issuance of common shares 0 0
Excess tax benefits on stock-based compensation   0
Debt issuance costs 0  
Repurchase of common shares 0 0
Purchase of timberland deeds for Rayonier Advanced Materials 0  
Debt issuance funds distributed to Rayonier Advanced Materials 0  
Proceeds from spin-off of Rayonier Advanced Materials 0  
Change in restricted cash reserved for dividends 0  
Issuance of intercompany notes 0 0
Intercompany distributions (234,659) (256,921)
Other 0  
CASH USED FOR FINANCING ACTIVITIES (1,052,159) 61,552
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents 40,465 2,604
Balance, beginning of year 11,023 23,324
Balance, end of period 51,488 25,928
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Non-guarantors [Member]
   
Statement of Cash Flows [Abstract]    
CASH PROVIDED BY OPERATING ACTIVITIES 54,461 291,478
INVESTING ACTIVITIES    
Capital expenditures (105,258) (121,764)
Purchase of additional interest in New Zealand joint venture   (139,879)
Purchase of timberlands (93,189) (11,650)
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion   (137,392)
Proceeds from the disposition of Wood Products business   68,063
Change in restricted cash 47,318 3,989
Investment in Subsidiaries 0 0
Other (478) (1,925)
CASH USED FOR INVESTING ACTIVITIES (151,607) (340,558)
FINANCING ACTIVITIES    
Issuance of debt 1,110,163 57,885
Repayment of debt (170,549) (71,936)
Dividends paid 0 0
Proceeds from the issuance of common shares 0 0
Excess tax benefits on stock-based compensation   8,189
Debt issuance costs (12,380)  
Repurchase of common shares 0 0
Purchase of timberland deeds for Rayonier Advanced Materials 0  
Debt issuance funds distributed to Rayonier Advanced Materials 0  
Proceeds from spin-off of Rayonier Advanced Materials 0  
Change in restricted cash reserved for dividends 0  
Issuance of intercompany notes 11,400 4,000
Intercompany distributions (852,085) 108,766
Other (680)  
CASH USED FOR FINANCING ACTIVITIES 85,869 106,904
EFFECT OF EXCHANGE RATE CHANGES ON CASH (103) (336)
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents (11,380) 57,488
Balance, beginning of year 58,440 4,384
Balance, end of period 47,060 61,872
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Consolidation Adjustments [Member]
   
Statement of Cash Flows [Abstract]    
CASH PROVIDED BY OPERATING ACTIVITIES (231,730) (741,347)
INVESTING ACTIVITIES    
Capital expenditures 0 0
Purchase of additional interest in New Zealand joint venture   0
Purchase of timberlands 0 0
Intercompany purchase of real estate   0
Jesup mill cellulose specialties expansion   0
Proceeds from the disposition of Wood Products business   0
Change in restricted cash 0 0
Investment in Subsidiaries (855,014) 593,192
Other 0 0
CASH USED FOR INVESTING ACTIVITIES (855,014) 593,192
FINANCING ACTIVITIES    
Issuance of debt 0 0
Repayment of debt 0 0
Dividends paid 0 0
Proceeds from the issuance of common shares 0 0
Excess tax benefits on stock-based compensation   0
Debt issuance costs 0  
Repurchase of common shares 0 0
Purchase of timberland deeds for Rayonier Advanced Materials 0  
Debt issuance funds distributed to Rayonier Advanced Materials 0  
Proceeds from spin-off of Rayonier Advanced Materials 0  
Change in restricted cash reserved for dividends 0  
Issuance of intercompany notes 0 0
Intercompany distributions 1,086,744 148,155
Other 0  
CASH USED FOR FINANCING ACTIVITIES 1,086,744 148,155
EFFECT OF EXCHANGE RATE CHANGES ON CASH 0 0
CASH AND CASH EQUIVALENTS    
Change in cash and cash equivalents 0 0
Balance, beginning of year 0 0
Balance, end of period $ 0 $ 0