RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 88,404	$ 114,255
Accounts receivable, less allowance for doubtful accounts of $67 and $74	31,515	27,837
Other receivables	18,896	14,701
Inventory (Note 13)	32,331	23,729
Prepaid expenses	18,961	20,573
Assets held for sale (Note 19)	4,158	713
Other current assets	2,994	573
Total current assets	197,259	202,381
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	3,175,006	3,230,904
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 12)	111,786	115,097
PROPERTY, PLANT AND EQUIPMENT
Land	6,453	6,453
Buildings	30,948	31,020
Machinery and equipment	6,560	6,568
Construction in progress	1,157	653
Total property, plant and equipment, gross	45,118	44,694
Less — accumulated depreciation	(18,631)	(17,505)
Total property, plant and equipment, net	26,487	27,189
RESTRICTED CASH (NOTE 18)	4,962	1,152
RIGHT-OF-USE ASSETS	94,563	97,167
OTHER ASSETS	112,060	115,481
TOTAL ASSETS	3,722,123	3,789,371
CURRENT LIABILITIES
Accounts payable	22,718	22,100
Accrued taxes	6,975	3,734
Accrued payroll and benefits	7,901	12,564
Accrued interest	7,304	5,920
Deferred revenue	33,490	22,762
Other current liabilities	24,364	28,247
Total current liabilities	102,752	95,327
LONG-TERM DEBT, NET (NOTE 6)	1,512,197	1,514,721
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 15)	8,402	8,510
LONG-TERM LEASE LIABILITY	86,477	88,756
LONG-TERM DEFERRED REVENUE	11,327	6,895
OTHER NON-CURRENT LIABILITIES	84,721	88,687
CONTINGENCIES (NOTE 9)
REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 2,469,173 and 3,208,827 Units outstanding, respectively	77,532	105,763
CAPITAL
Accumulated other comprehensive income (Note 17)	24,295	35,813
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP/ REDEEMABLE OPERATING PARTNERSHIP UNITS AND SHAREHOLDERS’ EQUITY/CAPITAL	3,722,123	3,789,371
Rayonier Limited Partnership
CURRENT ASSETS
Cash and cash equivalents	88,404	114,255
Accounts receivable, less allowance for doubtful accounts of $67 and $74	31,515	27,837
Other receivables	18,896	14,701
Inventory (Note 13)	32,331	23,729
Prepaid expenses	18,961	20,573
Assets held for sale (Note 19)	4,158	713
Other current assets	2,994	573
Total current assets	197,259	202,381
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	3,175,006	3,230,904
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 12)	111,786	115,097
PROPERTY, PLANT AND EQUIPMENT
Land	6,453	6,453
Buildings	30,948	31,020
Machinery and equipment	6,560	6,568
Construction in progress	1,157	653
Total property, plant and equipment, gross	45,118	44,694
Less — accumulated depreciation	(18,631)	(17,505)
Total property, plant and equipment, net	26,487	27,189
RESTRICTED CASH (NOTE 18)	4,962	1,152
RIGHT-OF-USE ASSETS	94,563	97,167
OTHER ASSETS	112,060	115,481
TOTAL ASSETS	3,722,123	3,789,371
CURRENT LIABILITIES
Accounts payable	22,718	22,100
Accrued taxes	6,975	3,734
Accrued payroll and benefits	7,901	12,564
Accrued interest	7,304	5,920
Deferred revenue	33,490	22,762
Other current liabilities	24,364	28,247
Total current liabilities	102,752	95,327
LONG-TERM DEBT, NET (NOTE 6)	1,512,197	1,514,721
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 15)	8,402	8,510
LONG-TERM LEASE LIABILITY	86,477	88,756
LONG-TERM DEFERRED REVENUE	11,327	6,895
OTHER NON-CURRENT LIABILITIES	84,721	88,687
REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 2,469,173 and 3,208,827 Units outstanding, respectively	77,532	105,763
CAPITAL
General partners’ capital	17,977	18,251
Limited partners’ capital	1,779,764	1,806,895
Accumulated other comprehensive income (Note 17)	27,679	40,249
TOTAL CONTROLLING INTEREST CAPITAL	1,825,420	1,865,395
Noncontrolling interests in consolidated affiliates (Note 4)	13,295	15,317
TOTAL CAPITAL	1,838,715	1,880,712
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP/ REDEEMABLE OPERATING PARTNERSHIP UNITS AND SHAREHOLDERS’ EQUITY/CAPITAL	$ 3,722,123	$ 3,789,371