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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 104,062,000 $ 85,909,000
Accounts receivable, less allowance for doubtful accounts of $23 and $33 39,408,000 20,664,000
Insurance settlement receivable (Note 8) 73,000,000 0
Inventory (Note 15) 24,497,000 21,379,000
Prepaid expenses 16,656,000 11,807,000
Assets held for sale (Note 17) 0 23,171,000
Other current assets 3,322,000 1,874,000
Total current assets 260,945,000 164,804,000
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,492,049,000 2,291,015,000
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 5) 79,223,000 70,374,000
PROPERTY, PLANT AND EQUIPMENT    
Land 3,043,000 2,279,000
Buildings 24,105,000 7,990,000
Machinery and equipment 4,449,000 4,658,000
Construction in progress 1,127,000 8,170,000
Total property, plant and equipment, gross 32,724,000 23,097,000
Less — accumulated depreciation (9,398,000) (9,063,000)
Total property, plant and equipment, net 23,326,000 14,034,000
RESTRICTED CASH (NOTE 16) 10,631,000 71,708,000
OTHER ASSETS 45,545,000 73,825,000
TOTAL ASSETS 2,911,719,000 2,685,760,000
CURRENT LIABILITIES    
Accounts payable 27,692,000 22,337,000
Insurance settlement payable (Note 8) 73,000,000 0
Current maturities of long-term debt (Note 4) 0 31,676,000
Accrued taxes 7,562,000 2,657,000
Accrued payroll and benefits 7,331,000 9,277,000
Accrued interest 8,032,000 5,340,000
Other current liabilities 26,799,000 20,679,000
Total current liabilities 150,416,000 91,966,000
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS (NOTE 4) 1,030,269,000 1,030,205,000
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 13) 31,431,000 31,856,000
OTHER NON-CURRENT LIABILITIES 42,369,000 34,981,000
COMMITMENTS AND CONTINGENCIES (NOTES 6 and 8)
SHAREHOLDERS’ EQUITY    
Common Shares, 480,000,000 shares authorized, 128,916,631 and 122,904,368 shares issued and outstanding 870,006,000 709,867,000
Retained earnings 675,911,000 700,887,000
Accumulated other comprehensive income (Note 18) 12,638,000 856,000
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,558,555,000 1,411,610,000
Noncontrolling interest 98,679,000 85,142,000
TOTAL SHAREHOLDERS’ EQUITY 1,657,234,000 1,496,752,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,911,719,000 $ 2,685,760,000