CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES
Net income		$ 56,286	$ 78,452
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization		83,169	87,909
Non-cash cost of land and improved development		17,139	7,003
Stock-based incentive compensation expense		7,209	5,008
Deferred income taxes		(7,272)	7,315
Amortization of losses from pension and postretirement plans		376	587
Other		(4,206)	7,233
Changes in operating assets and liabilities:
Receivables		(17,060)	(413)
Inventories		(2,398)	(1,637)
Accounts payable		6,959	4,213
All other operating activities		8,328	(764)
CASH PROVIDED BY OPERATING ACTIVITIES		148,530	164,582
INVESTING ACTIVITIES
Capital expenditures		(30,335)	(32,199)
Real estate development investments		(6,013)	(6,269)
Purchase of timberlands		(3,237)	(51,882)
Other		5,112	5,998
CASH USED FOR INVESTING ACTIVITIES		(34,473)	(49,133)
FINANCING ACTIVITIES
Issuance of debt		408,439	446,378
Repayment of debt		(533,298)	(350,000)
Dividends paid on common shares		(81,767)	(75,676)
Distributions to noncontrolling interests in the operating partnership		(1,839)	(2,309)
Proceeds from the issuance of common shares under incentive stock plan		2,561	4,490
Proceeds from the issuance of units under the “at-the-market” (ATM) equity offering program, net of commissions and offering costs		31,915	110,702
Repurchase of common shares to pay withholding taxes on vested incentive stock awards		(4,204)	(1,608)
Debt issuance costs		0	(4,812)
Distributions to noncontrolling interests in consolidated affiliates		(6,684)	(15,212)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES		(184,877)	111,953
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(2,246)	126
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		(73,066)	227,528
Balance, beginning of year		369,139	87,482
Balance, end of period		296,073	315,010
Cash paid during the period:
Interest	[1]	16,932	17,677
Income taxes		14,330	7,132
Non-cash investing activity:
Capital assets purchased on account		4,882	4,155
Non-cash financing activity:
Noncontrolling interests in consolidated affiliates redemption of shares	[2]	27,860	0
Large Disposition Of Timberlands
Adjustments to reconcile net income to cash provided by operating activities:
Gain on sale of large disposition of timberlands		0	(30,324)
INVESTING ACTIVITIES
Net proceeds from large disposition of timberlands		0	35,219
Rayonier Limited Partnership
OPERATING ACTIVITIES
Net income		56,286	78,452
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization		83,169	87,909
Non-cash cost of land and improved development		17,139	7,003
Stock-based incentive compensation expense		7,209	5,008
Deferred income taxes		(7,272)	7,315
Amortization of losses from pension and postretirement plans		376	587
Other		(4,206)	7,233
Changes in operating assets and liabilities:
Receivables		(17,060)	(413)
Inventories		(2,398)	(1,637)
Accounts payable		6,959	4,213
All other operating activities		8,328	(764)
CASH PROVIDED BY OPERATING ACTIVITIES		148,530	164,582
INVESTING ACTIVITIES
Capital expenditures		(30,335)	(32,199)
Real estate development investments		(6,013)	(6,269)
Purchase of timberlands		(3,237)	(51,882)
Other		5,112	5,998
CASH USED FOR INVESTING ACTIVITIES		(34,473)	(49,133)
FINANCING ACTIVITIES
Issuance of debt		408,439	446,378
Repayment of debt		(533,298)	(350,000)
Distributions on units		(83,606)	(77,985)
Proceeds from the issuance of units under incentive stock plan		2,561	4,490
Proceeds from the issuance of units under the “at-the-market” (ATM) equity offering program, net of commissions and offering costs		31,915	110,702
Repurchase of units to pay withholding taxes on vested incentive stock awards		(4,204)	(1,608)
Debt issuance costs		0	(4,812)
Distributions to noncontrolling interests in consolidated affiliates		(6,684)	(15,212)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES		(184,877)	111,953
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(2,246)	126
CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Change in cash, cash equivalents and restricted cash		(73,066)	227,528
Balance, beginning of year		369,139	87,482
Balance, end of period		296,073	315,010
Cash paid during the period:
Interest	[3]	16,932	17,677
Income taxes		14,330	7,132
Non-cash investing activity:
Capital assets purchased on account		4,882	4,155
Non-cash financing activity:
Noncontrolling interests in consolidated affiliates redemption of shares	[4]	27,860	0
Rayonier Limited Partnership | Large Disposition Of Timberlands
Adjustments to reconcile net income to cash provided by operating activities:
Gain on sale of large disposition of timberlands		0	(30,324)
INVESTING ACTIVITIES
Net proceeds from large disposition of timberlands		$ 0	$ 35,219

[1] Interest paid is presented net of patronage payments received of $6.0 million and $6.8 million for the six months ended June 30, 2022 and June 30, 2021, respectively. For additional information on patronage payments, see Note 10 — Debt in the 2021 Form 10-K.

[2] In the second quarter of 2022, the New Zealand subsidiary made a capital distribution in order to redeem certain equity interests, resulting in the recording of a loan payable by the New Zealand subsidiary in the amount of $27.9 million. See Note 6 - Debt for further information.

[3] Interest paid is presented net of patronage payments received of $6.0 million and $6.8 million for the six months ended June 30, 2022 and June 30, 2021, respectively. For additional information on patronage payments, see Note 10 — Debt in the 2021 Form 10-K.

[4] In the second quarter of 2022, the New Zealand subsidiary made a capital distribution in order to redeem certain equity interests, resulting in the recording of a loan payable by the New Zealand subsidiary in the amount of $27.9 million. See Note 6 - Debt for further information.