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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Total cash and cash equivalents $ 84,507 $ 68,735
Accounts receivable, less allowance for doubtful accounts of $25 and $24 49,082 27,127
Inventory 10,594 14,518
Prepaid logging roads 12,073 12,128
Prepaid expenses 4,095 2,600
Assets held for sale 3,449 0
Other current assets 6,765 867
Total current assets 170,565 125,975
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 3,262,126 2,482,047
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS 108,518 81,791
PROPERTY, PLANT AND EQUIPMENT    
Land 6,548 4,131
Buildings 31,024 23,095
Machinery and equipment 4,615 4,339
Construction in progress 452 348
Total property, plant and equipment, gross 42,639 31,913
Less—accumulated depreciation (12,238) (9,662)
Total property, plant and equipment, net 30,401 22,251
RESTRICTED CASH 2,975 1,233
RIGHT-OF-USE ASSETS 108,992 99,942
OTHER ASSETS 45,156 47,757
TOTAL ASSETS 3,728,733 2,860,996
CURRENT LIABILITIES    
Accounts payable 24,790 18,160
Accrued taxes 7,347 3,032
Accrued payroll and benefits 12,327 8,869
Accrued interest 6,325 5,205
Deferred revenue 11,112 11,440
Other current liabilities 29,234 22,480
Total current liabilities 91,135 151,186
Long-term debt, net of deferred financing costs 1,360,515 973,129
PENSION AND OTHER POSTRETIREMENT BENEFITS 23,344 25,311
LONG-TERM LEASE LIABILITY 100,251 90,481
OTHER NON-CURRENT LIABILITIES 160,722 83,247
COMMITMENTS AND CONTINGENCIES
NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP/REDEEMABLE OPERATING PARTNERSHIP UNITS 4,428,900 and 0 Units outstanding, respectively 130,121 0
SHAREHOLDERS’ EQUITY    
Common Shares, 480,000,000 shares authorized, 137,678,822 and 129,331,069 shares issued and outstanding 1,101,675 888,177
Retained earnings 446,267 583,006
Accumulated other comprehensive (loss) income (73,885) (31,202)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,474,057 1,439,981
Noncontrolling interests in consolidated affiliates 388,588 97,661
TOTAL SHAREHOLDERS’ EQUITY 1,862,645 1,537,642
Partners' Capital [Abstract]    
Accumulated other comprehensive (loss) income (73,885) (31,202)
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY 3,728,733 2,860,996
Excluding Timber Funds    
CURRENT ASSETS    
Total cash and cash equivalents 80,454 68,735
CURRENT LIABILITIES    
Current maturities of long-term debt, excluding Timber Funds 0 82,000
Long-term debt, net of deferred financing costs 1,300,336 973,129
Timber Funds    
CURRENT ASSETS    
Total cash and cash equivalents 4,053 0
CURRENT LIABILITIES    
Long-term debt, net of deferred financing costs 60,179 0
Rayonier Limited Partnership    
CURRENT ASSETS    
Total cash and cash equivalents 84,507 68,735
Accounts receivable, less allowance for doubtful accounts of $25 and $24 49,082 27,127
Inventory 10,594 14,518
Prepaid logging roads 12,073 12,128
Prepaid expenses 4,095 2,600
Assets held for sale 3,449 0
Other current assets 6,765 867
Total current assets 170,565 125,975
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 3,262,126 2,482,047
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS 108,518 81,791
PROPERTY, PLANT AND EQUIPMENT    
Land 6,548 4,131
Buildings 31,024 23,095
Machinery and equipment 4,615 4,339
Construction in progress 452 348
Total property, plant and equipment, gross 42,639 31,913
Less—accumulated depreciation (12,238) (9,662)
Total property, plant and equipment, net 30,401 22,251
RESTRICTED CASH 2,975 1,233
RIGHT-OF-USE ASSETS 108,992 99,942
OTHER ASSETS 45,156 47,757
TOTAL ASSETS 3,728,733 2,860,996
CURRENT LIABILITIES    
Accounts payable 24,790 18,160
Accrued taxes 7,347 3,032
Accrued payroll and benefits 12,327 8,869
Accrued interest 6,325 5,205
Deferred revenue 11,112 11,440
Other current liabilities 29,234 22,480
Total current liabilities 91,135 151,186
PENSION AND OTHER POSTRETIREMENT BENEFITS 23,344 25,311
LONG-TERM LEASE LIABILITY 100,251 90,481
OTHER NON-CURRENT LIABILITIES 160,722 83,247
NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP/REDEEMABLE OPERATING PARTNERSHIP UNITS 4,428,900 and 0 Units outstanding, respectively 130,121 0
SHAREHOLDERS’ EQUITY    
Accumulated other comprehensive (loss) income (71,345) (31,202)
Partners' Capital [Abstract]    
General partners’ capital 15,454 14,712
Limited partners’ capital 1,529,948 1,456,471
Accumulated other comprehensive (loss) income (71,345) (31,202)
TOTAL CONTROLLING INTEREST CAPITAL 1,474,057 1,439,981
Noncontrolling interests in consolidated affiliates 388,588 97,661
TOTAL CAPITAL 1,862,645 1,537,642
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY 3,728,733 2,860,996
Rayonier Limited Partnership | Excluding Timber Funds    
CURRENT ASSETS    
Total cash and cash equivalents 80,454 68,735
CURRENT LIABILITIES    
Current maturities of long-term debt, excluding Timber Funds 0 82,000
Long-term debt, net of deferred financing costs 1,300,336 973,129
Rayonier Limited Partnership | Timber Funds    
CURRENT ASSETS    
Total cash and cash equivalents 4,053 0
CURRENT LIABILITIES    
Long-term debt, net of deferred financing costs $ 60,179 $ 0