XML 88 R78.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATING FINANCIAL STATEMENTS (Condensed Consolidating Balance Sheets) (Details) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS        
Cash and cash equivalents $ 129,654 $ 51,777 $ 91,632 $ 161,558
Accounts receivable, less allowance for doubtful accounts 30,576 20,222    
Inventory 14,957 15,351    
Prepaid expenses 13,489 12,654    
Other current assets 6,197 5,681    
Total current assets 194,873 105,685    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,306,105 2,066,780    
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS 68,164 65,450    
NET PROPERTY, PLANT AND EQUIPMENT 9,124 6,742    
INVESTMENT IN SUBSIDIARIES 0 0    
INTERCOMPANY NOTES RECEIVABLE 0 0    
OTHER ASSETS 53,913 71,281    
TOTAL ASSETS 2,632,179 2,315,938    
CURRENT LIABILITIES        
Accounts payable 22,833 21,479    
Accrued taxes 5,571 3,685    
Accrued payroll and benefits 5,054 7,037    
Accrued interest 5,174 6,153    
Other current liabilities 29,370 21,103    
Total current liabilities 68,002 59,457    
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 1,052,307 830,554    
PENSION AND OTHER POSTRETIREMENT BENEFITS 34,525 34,137    
OTHER NON-CURRENT LIABILITIES 56,825 30,050    
INTERCOMPANY PAYABLE 0 0    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,336,774 1,288,084    
Noncontrolling interest 83,746 73,656    
TOTAL SHAREHOLDERS’ EQUITY 1,420,520 1,361,740   1,575,151
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 2,632,179 2,315,938    
Consolidating Adjustments        
CURRENT ASSETS        
Cash and cash equivalents 0 0 0 0
Accounts receivable, less allowance for doubtful accounts 0 0    
Inventory 0 0    
Prepaid expenses 0 0    
Other current assets 0 0    
Total current assets 0 0    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 0 0    
INVESTMENT IN SUBSIDIARIES (3,903,227) (3,534,086)    
INTERCOMPANY NOTES RECEIVABLE 0 0    
OTHER ASSETS 0 0    
TOTAL ASSETS (3,903,227) (3,534,086)    
CURRENT LIABILITIES        
Accounts payable 0 0    
Accrued taxes 0 0    
Accrued payroll and benefits 0 0    
Accrued interest 0 0    
Other current liabilities 0 0    
Total current liabilities 0 0    
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 0 0    
PENSION AND OTHER POSTRETIREMENT BENEFITS 0 0    
OTHER NON-CURRENT LIABILITIES 0 0    
INTERCOMPANY PAYABLE 0 0    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY (3,903,227) (3,534,086)    
Noncontrolling interest 0 0    
TOTAL SHAREHOLDERS’ EQUITY (3,903,227) (3,534,086)    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (3,903,227) (3,534,086)    
Rayonier Inc. (Parent Issuer)        
CURRENT ASSETS        
Cash and cash equivalents 75,357 2,472 5,366 102,218
Accounts receivable, less allowance for doubtful accounts 0 0    
Inventory 0 0    
Prepaid expenses 0 0    
Other current assets 0 0    
Total current assets 75,357 2,472    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 0 0    
INVESTMENT IN SUBSIDIARIES 1,294,953 1,321,681    
INTERCOMPANY NOTES RECEIVABLE 36,674 34,567    
OTHER ASSETS 3 3    
TOTAL ASSETS 1,406,987 1,358,723    
CURRENT LIABILITIES        
Accounts payable 0 609    
Accrued taxes 0 0    
Accrued payroll and benefits 0 0    
Accrued interest 3,046 3,047    
Other current liabilities 0 0    
Total current liabilities 3,046 3,656    
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 322,882 322,697    
PENSION AND OTHER POSTRETIREMENT BENEFITS 0 0    
OTHER NON-CURRENT LIABILITIES 0 0    
INTERCOMPANY PAYABLE (255,715) (255,714)    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,336,774 1,288,084    
Noncontrolling interest 0 0    
TOTAL SHAREHOLDERS’ EQUITY 1,336,774 1,288,084    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,406,987 1,358,723    
Subsidiary Guarantors        
CURRENT ASSETS        
Cash and cash equivalents 11,587 13,217 45,941 8,105
Accounts receivable, less allowance for doubtful accounts 1,205 1,870    
Inventory 0 0    
Prepaid expenses 1,527 443    
Other current assets 246 4,876    
Total current assets 14,565 20,406    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 0 0    
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS 0 0    
NET PROPERTY, PLANT AND EQUIPMENT 249 330    
INVESTMENT IN SUBSIDIARIES 2,608,274 2,212,405    
INTERCOMPANY NOTES RECEIVABLE (616,975) (610,450)    
OTHER ASSETS 21,767 18,718    
TOTAL ASSETS 2,027,880 1,641,409    
CURRENT LIABILITIES        
Accounts payable 2,067 1,463    
Accrued taxes 618 (10)    
Accrued payroll and benefits 2,479 3,594    
Accrued interest 1,823 666    
Other current liabilities 265 262    
Total current liabilities 7,252 5,975    
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 663,242 280,978    
PENSION AND OTHER POSTRETIREMENT BENEFITS 35,209 34,822    
OTHER NON-CURRENT LIABILITIES 46,185 16,914    
INTERCOMPANY PAYABLE (18,961) (18,961)    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,294,953 1,321,681    
Noncontrolling interest 0 0    
TOTAL SHAREHOLDERS’ EQUITY 1,294,953 1,321,681    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 2,027,880 1,641,409    
Non- guarantors        
CURRENT ASSETS        
Cash and cash equivalents 42,710 36,088 $ 40,325 $ 51,235
Accounts receivable, less allowance for doubtful accounts 29,371 18,352    
Inventory 14,957 15,351    
Prepaid expenses 11,962 12,211    
Other current assets 5,951 805    
Total current assets 104,951 82,807    
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,306,105 2,066,780    
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS 68,164 65,450    
NET PROPERTY, PLANT AND EQUIPMENT 8,875 6,412    
INVESTMENT IN SUBSIDIARIES 0 0    
INTERCOMPANY NOTES RECEIVABLE 580,301 575,883    
OTHER ASSETS 32,143 52,560    
TOTAL ASSETS 3,100,539 2,849,892    
CURRENT LIABILITIES        
Accounts payable 20,766 19,407    
Accrued taxes 4,953 3,695    
Accrued payroll and benefits 2,575 3,443    
Accrued interest 305 2,440    
Other current liabilities 29,105 20,841    
Total current liabilities 57,704 49,826    
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS 66,183 226,879    
PENSION AND OTHER POSTRETIREMENT BENEFITS (684) (685)    
OTHER NON-CURRENT LIABILITIES 10,640 13,136    
INTERCOMPANY PAYABLE 274,676 274,675    
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 2,608,274 2,212,405    
Noncontrolling interest 83,746 73,656    
TOTAL SHAREHOLDERS’ EQUITY 2,692,020 2,286,061    
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,100,539 $ 2,849,892