RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
SALES	$ 208,865	$ 246,346	$ 387,947	$ 468,387
Costs and Expenses
Cost of sales	(168,410)	(194,323)	(317,576)	(355,303)
Selling and general expenses	(18,952)	(17,356)	(35,729)	(32,116)
Other operating (expense) income, net (Note 14)	(1,401)	801	(3,917)	(182)
Costs and expenses	(188,763)	(210,878)	(357,222)	(387,601)
OPERATING INCOME	20,102	35,468	30,725	80,786
Interest expense, net	(12,457)	(9,083)	(24,158)	(17,420)
Interest and other miscellaneous income (expense), net	11,644	206	21,197	(262)
INCOME BEFORE INCOME TAXES	19,289	26,591	27,764	63,104
Income tax expense (Note 16)	(193)	(1,304)	(1,230)	(6,818)
NET INCOME	19,096	25,287	26,534	56,286
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates	245	(637)	1,281	(1,650)
Net Income	19,023	24,104	27,323	53,422
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment, net of income tax effect of $0, $0, $0 and $0	(9,203)	(36,285)	(12,937)	(29,827)
Cash flow hedges, net of income tax effect of $560, $4,211, $247 and $3,189	11,942	5,755	(378)	46,182
Amortization of pension and postretirement plans, net of income tax expense of $0, $0, $0 and $0	2	188	3	376
Total other comprehensive income (loss)	2,741	(30,342)	(13,312)	16,731
COMPREHENSIVE INCOME (LOSS)	21,837	(5,055)	13,222	73,017
Less: Comprehensive loss attributable to noncontrolling interests in consolidated affiliates	989	3,767	2,023	1,358
COMPREHENSIVE INCOME (LOSS)	22,451	(1,259)	15,025	72,718
Rayonier Limited Partnership
SALES	208,865	246,346	387,947	468,387
Costs and Expenses
Cost of sales	(168,410)	(194,323)	(317,576)	(355,303)
Selling and general expenses	(18,952)	(17,356)	(35,729)	(32,116)
Other operating (expense) income, net (Note 14)	(1,401)	801	(3,917)	(182)
Costs and expenses	(188,763)	(210,878)	(357,222)	(387,601)
OPERATING INCOME	20,102	35,468	30,725	80,786
Interest expense, net	(12,457)	(9,083)	(24,158)	(17,420)
Interest and other miscellaneous income (expense), net	11,644	206	21,197	(262)
INCOME BEFORE INCOME TAXES	19,289	26,591	27,764	63,104
Income tax expense (Note 16)	(193)	(1,304)	(1,230)	(6,818)
NET INCOME	19,096	25,287	26,534	56,286
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates	245	(637)	1,281	(1,650)
Net Income	19,341	24,650	27,815	54,636
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment, net of income tax effect of $0, $0, $0 and $0	(9,203)	(36,285)	(12,937)	(29,827)
Cash flow hedges, net of income tax effect of $560, $4,211, $247 and $3,189	11,942	5,755	(378)	46,182
Amortization of pension and postretirement plans, net of income tax expense of $0, $0, $0 and $0	2	188	3	376
Total other comprehensive income (loss)	2,741	(30,342)	(13,312)	16,731
COMPREHENSIVE INCOME (LOSS)	21,837	(5,055)	13,222	73,017
Less: Comprehensive loss attributable to noncontrolling interests in consolidated affiliates	989	3,767	2,023	1,358
COMPREHENSIVE INCOME (LOSS)	$ 22,826	$ (1,288)	$ 15,245	$ 74,375
EARNINGS PER UNIT (NOTE 5)
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit)	$ 0.13	$ 0.16	$ 0.18	$ 0.37
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit)	$ 0.13	$ 0.16	$ 0.18	$ 0.36
Rayonier Limited Partnership | Limited Partners’ Capital
Costs and Expenses
Net Income	$ 19,148	$ 24,404	$ 27,537	$ 54,090
Rayonier Limited Partnership | General Partners’ Capital
Costs and Expenses
Net Income	$ 193	$ 247	$ 278	$ 546