7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2015-12-31 2015-03-31 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2008-03-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-09-30 2002-06-30 2002-03-31 
      
    		                                                                              
      operating activities
    		                                                                              
      net income
    		43,709,000 413,607,000 -3,085,000 333,200,000 30,442,000 3,035,000 2,306,000 129,221,000 22,740,000 19,097,000 7,437,000 34,644,000 31,861,000 25,288,000 30,998,000 21,524,000 110,511,000 63,420,000 15,032,000 12,406,000 -9,498,000 455,000 26,421,000 17,437,000 1,528,000 20,920,000 27,793,000 4,648,000 30,639,000 39,337,000 42,706,000 66,920,000 28,803,000 30,773,000 35,083,000 50,509,000 40,624,000 9,440,000 18,180,000 147,735,000 80,561,000 69,078,000 53,437,000 104,909,000 56,453,000 58,412,000 59,171,000 62,904,000 38,558,000 56,953,000 97,727,000 81,140,000 107,753,000 25,921,000 29,754,000 37,416,000 40,551,000 71,458,000 33,310,000 35,080,000       34,459,000  24,124,000 43,713,000 75,535,000        
      adjustments to reconcile net income to cash from operating activities:
    		                                                                              
      depreciation, depletion and amortization from continuing operations
    		34,801,000 23,437,000 23,493,000                                                                            
      depreciation, depletion and amortization from discontinued operations
    		0 4,747,000 4,334,000                                                                            
      non-cash cost of land and improved development from continuing operations
    		30,744,000                                                                              
      non-cash cost of land and improved development from discontinued operations
    		                                                                              
      gain on sale of discontinued operations
    		0                                       -42,670,000                                       
      stock-based incentive compensation expense
    		2,598,000 3,628,000 2,281,000 2,205,000 3,905,000 4,904,000 3,218,000 3,801,000 3,365,000 4,337,000 2,499,000 2,512,000 2,635,000 4,412,000 2,797,000 2,183,000 2,086,000 2,852,000 2,156,000 1,883,000 1,965,000 2,668,000 1,510,000 1,521,000 1,562,000 2,344,000 1,477,000 1,471,000 1,483,000 2,212,000 1,262,000 1,312,000 1,192,000 2,012,000 880,000 1,242,000 1,055,000 962,000 805,000 3,280,000 2,752,000 2,994,000 6,466,000 3,772,000 3,746,000 4,275,000 3,613,000 3,650,000 3,616,000 4,344,000                             
      deferred income taxes
    		0 -1,523,000 -1,048,000 6,793,000 -1,835,000 -1,315,000 -1,004,000 3,133,000 -480,000 -1,220,000 -1,155,000 1,326,000 594,000 742,000 -8,014,000 891,000 303,000 8,443,000 -1,128,000 -2,726,000 1,042,000 5,864,000 3,361,000 3,181,000 876,000 3,552,000 3,705,000 1,813,000 7,366,000 6,671,000 6,982,000 5,266,000 1,500,000 9,225,000 5,989,000 698,000 1,632,000 3,270,000 -189,000  -2,644,000 -18,072,000 3,028,000 -5,022,000 -8,290,000 7,345,000                              12,076,000   
      asset impairment charge
    		                                                                              
      pension settlement charge
    		   0 306,000 0 5,673,000                                                                        
      other
    		6,672,000 266,000 8,754,000 -652,000 -1,211,000 -637,000 1,899,000 5,347,000 8,363,000 -1,119,000 578,000 3,544,000 2,440,000 -1,962,000 -2,244,000 -2,705,000 4,928,000 10,914,000 -3,681,000 -4,114,000 3,646,000 -11,200,000 568,000 -4,239,000 -1,747,000 -504,000 1,491,000 -6,083,000 8,936,000 -11,737,000 6,271,000 -745,000 -1,690,000 -587,000 2,306,000 587,000 732,000 -724,000 105,000 -3,243,000 -533,000 -259,000 -1,909,000 752,000 6,566,000 1,776,000 6,738,000 2,824,000 -506,000 2,253,000 1,830,000 4,285,000 2,734,000 2,231,000 1,187,000 1,515,000 1,411,000 2,355,000 919,000 1,840,000 261,000 -19,000                 
      changes in operating assets and liabilities:
    		                                                                              
      receivables
    		-3,376,000 5,577,000 -687,000 9,639,000 -7,709,000 2,733,000 -7,493,000 4,153,000 10,651,000 -14,130,000 3,730,000 3,736,000 4,215,000 10,777,000 -27,837,000 14,047,000 3,605,000 3,284,000 -3,697,000 -1,289,000 -6,485,000 -2,288,000 -5,316,000 990,000 19,192,000 -12,836,000 -8,195,000 16,026,000 10,942,000 -15,730,000 -10,473,000 12,277,000 -8,218,000 1,021,000 -11,442,000 6,414,000 5,470,000 139,000 3,544,000 -8,778,000 -396,000 -11,862,000 -1,911,000 1,151,000 -10,456,000 -14,766,000 31,530,000 -18,708,000 -3,250,000 11,202,000 -6,370,000 -14,691,000 -4,394,000 -1,408,000                         
      inventories
    		2,000 1,739,000 -1,506,000 1,285,000 1,100,000 -944,000 565,000 1,703,000 -107,000 3,015,000 -4,098,000 1,903,000 -3,840,000 2,477,000 -4,875,000 578,000 556,000 1,875,000 -3,512,000 862,000 1,404,000 -96,000 -3,618,000 2,331,000 -113,000 349,000 -1,343,000 688,000 71,000 2,282,000 -1,268,000 -767,000 1,155,000 1,709,000 -3,481,000 3,416,000 -2,459,000 -346,000 -3,133,000 11,197,000 -7,742,000 -9,939,000 17,035,000 -9,502,000 -8,094,000 9,161,000 -24,212,000 3,878,000 -6,913,000 -446,000 13,324,000 4,261,000 -1,913,000 -6,470,000                         
      accounts payable
    		773,000 -3,034,000 1,131,000 -4,429,000 2,615,000 -6,152,000 8,537,000 -2,125,000 3,518,000 -8,801,000 8,913,000 -5,689,000 -126,000 -417,000 7,376,000 -4,943,000 -863,000 -2,471,000 6,684,000 -885,000 1,658,000 1,542,000 3,353,000 -3,575,000 -3,537,000 -831,000 6,389,000 -3,801,000 -5,273,000 527,000 3,921,000 -1,583,000 -123,000 -745,000 5,886,000 -1,142,000 -1,732,000 9,000 2,857,000 15,386,000 -3,808,000 -13,496,000 3,978,000 -3,768,000 -4,530,000 14,644,000 4,387,000 -9,834,000 -2,176,000 3,017,000 3,855,000 -12,419,000 -2,233,000 -1,755,000                         
      all other operating activities
    		-6,786,000 10,104,000 -8,367,000 -27,928,000 -4,793,000 11,192,000 -1,439,000 -6,283,000 -8,991,000 12,081,000 1,937,000 -7,461,000 -10,810,000 9,828,000 -1,500,000 -1,540,000 -3,542,000 4,542,000 -5,306,000 4,652,000 -4,312,000 1,363,000 -3,403,000 -6,574,000 -2,819,000 3,712,000 -1,033,000 -782,000 -11,870,000 19,706,000 -7,196,000 -10,283,000 5,844,000 10,840,000 -8,332,000 -12,270,000 5,149,000 -11,132,000 -3,282,000 99,000 14,892,000 7,531,000 -6,007,000                                    
      cash from operating activities
    		116,185,000 60,988,000 27,699,000 87,814,000 66,151,000 55,329,000 52,298,000 89,439,000 82,613,000 62,372,000 63,951,000 59,301,000 61,359,000 98,863,000 49,667,000 47,666,000 112,862,000 110,714,000 53,868,000 66,190,000 55,384,000 53,421,000 29,179,000 50,060,000 47,239,000 46,037,000 70,917,000 49,045,000 79,468,000 103,348,000 78,235,000 69,411,000 58,558,000 94,372,000 33,943,000 39,893,000 86,929,000 33,761,000 53,398,000 89,660,000 144,766,000 97,522,000 111,354,000 131,403,000 79,162,000 115,705,000 22,183,000 117,407,000 264,389,000 91,411,000 92,981,000 87,104,000 62,422,000 64,792,000 93,305,000 54,637,000 100,236,000 132,131,000 79,198,000 52,402,000       75,771,000  76,357,000 75,763,000 81,982,000       60,400,000 
      investing activities
    		                                                                              
      capital expenditures from continuing operations
    		-12,597,000 -10,404,000 -12,023,000                                                                            
      capital expenditures from discontinued operations
    		0 -4,444,000 -2,654,000                                                                            
      real estate development investments
    		-3,712,000 -4,089,000 -4,087,000 -6,745,000 -8,949,000 -4,641,000 -5,483,000 -4,321,000 -4,000,000 -7,004,000 -7,753,000 -2,763,000 -4,922,000 -2,876,000 -3,137,000 -3,356,000 -2,896,000 -3,258,000 -3,011,000 -1,014,000 -1,861,000 -1,860,000 -1,727,000 -3,454,000 -2,350,000 678,000 -1,677,000 -2,612,000 -2,388,000 -2,161,000 -2,340,000 -4,004,000 -6,181,000 -3,414,000 -2,185,000 -3,931,000 -1,797,000                                          
      net proceeds on sale of discontinued operations
    		721,000                                                                              
      net proceeds on sale of property, plant and equipment
    		0                                                                              
      purchase of timberlands
    		   -19,116,000    -74,000 -4,693,000 -566,000 -8,729,000 -455,288,000 -5,000 -407,000 -2,830,000 -127,194,000 -39,000 -21,944,000 -29,938,000 -316,000 -141,000 -116,000 -24,122,000 -60,374,000 -55,517,000 -14,047,000 -12,349,000 -18,630,000 -7,744,000 -31,222,000 -12,000 -3,858,000 -1,817,000 -225,942,000 -11,293,000 -12,653,000 -77,214,000 -9,943,000 -23,070,000 -1,560,000 -2,945,000 2,000 -8,689,000 -81,186,000 -10,034,000 -2,942,000               -268,391,000 -5,063,000 -1,000 -4,323,000               
      cash from investing activities
    		-15,385,000 679,703,000 -21,438,000 428,858,000 -27,400,000 -23,396,000 -24,049,000 203,763,000 -23,204,000 -24,273,000 -32,199,000 -460,506,000 -21,384,000 -15,528,000 -18,945,000 -95,587,000 118,467,000 -4,709,000 -44,424,000 -28,862,000 -13,994,000 -245,498,000 74,711,000 -86,638,000 -71,964,000 -34,977,000 -25,811,000    -17,649,000 -24,196,000 -23,794,000 -141,663,000 -33,595,000 -29,059,000 -88,900,000 -23,438,000 -43,739,000 24,481,000 -72,882,000 -90,395,000 -73,667,000 -109,727,000 -39,993,000 -30,821,000 -40,044,000 -26,096,000 -38,901,000 -37,615,000 -21,224,000 -18,132,000 -24,714,000 -28,674,000 -23,949,000 -245,992,000 -38,232,000 22,395,000 -59,077,000 -46,864,000       -40,444,000  -76,824,000 -46,523,000 -19,493,000        
      financing activities
    		                                                                              
      dividends paid on common shares
    		-42,111,000 -42,825,000 -110,442,000 -42,472,000 -42,603,000 -43,233,000 -72,258,000  -42,398,000 -43,040,000 -42,149,000  -41,852,000 -42,323,000 -39,444,000                                                                
      distributions to noncontrolling interests in the operating partnership
    		-474,000 -568,000 -1,463,000 -616,000 -528,000 -579,000 -1,085,000 -697,000 -699,000 -705,000 -861,000 -914,000 -915,000 -944,000 -895,000 -896,000 -1,064,000 -1,154,000 -1,155,000 -1,195,000 -1,201,000                                                          
      repurchase of common shares to pay withholding taxes on vested incentive stock awards
    		-7,000 -2,640,000 -38,000 -12,000 -4,000 -4,132,000 -31,000 0 -29,000 -4,147,000 -41,000 0 -21,000 -3,990,000 -214,000                                                                
      repurchase of common shares made under repurchase program
    		-30,103,000 -34,928,000 -2,623,000                  0 0 -3,152,000                                                        
      distributions to noncontrolling interests in consolidated affiliates
    		0 -1,171,000 -1,911,000 -1,647,000 -1,713,000 -2,047,000 -1,713,000     -2,962,000 -9,788,000 -4,000,000 -2,684,000 -89,392,000 -4,352,000 -6,475,000 -8,737,000                                                            
      debt issuance costs
    		               -17,000 -17,000   0 -56,000               0 0 0   -45,000 -88,000 -3,565,000 -364,000   -24,000 -2,000 -138,000 -397,000 -549,000                            
      repayment of debt
    		   -190,000,000        0 1,456,000 -6,350,000 -526,948,000 0 -70,000,000   -20,000,000 -15,000,000 -97,000,000 -20,000,000     0 -27,000 -25,014,000 -29,375,000 -4,941,000 -34,794,000 -39,892,000 -20,530,000 -3,996,000 -28,246,000 -63,531,000 -11,371,000 -170,000,000 -10,543,000 -23,110,000 -165,000,000 -35,000,000 -70,000,000 -75,000,000 0 -30,000,000 0 -66,650,000 -122,023,000 -155,620,000 -10,000,000 -20,000,000 -35,585,000 -20,000,000 -55,000,000 -67,550,000 -25,000,000 -68,000,000 -62,625,000 -28,140,000 -32,773,000 -34,772,000 -116,258,000 -20,772,000 -25,773,000 -27,773,000 -1,227,000 -66,772,000 -50,773,000 -95,773,000 -1,202,000 -5,273,000 -68,772,000 -44,400,000   
      cash from financing activities
    		-73,474,000 -82,132,000 -116,477,000 -249,434,000 -104,848,000 -49,991,000 -75,087,000 -194,723,000 -43,126,000 -47,964,000 -43,061,000 233,024,000 -52,736,000 -50,207,000 -134,670,000 -64,037,000 -64,227,000 125,779,000 -13,826,000 -28,666,000 -59,262,000 153,648,000 -38,718,000 45,504,000 -47,118,000 -40,112,000 -37,923,000 -41,197,000 -36,947,000 -59,509,000 -56,061,000 -36,092,000 -66,518,000 -37,429,000 133,167,000 -32,401,000 -18,366,000 -26,362,000 -30,586,000 -128,703,000 -45,170,000 -54,943,000 120,410,000 26,268,000 -42,217,000 -117,351,000 -38,419,000 -29,779,000 -34,399,000 24,410,000 -149,930,000 24,112,000 -35,210,000 -40,518,000 -34,644,000 65,408,000 -96,066,000 -79,062,000 -32,747,000 -17,071,000       -23,270,000  -24,461,000 -25,949,000 -20,956,000        
      effect of exchange rate changes on cash
    		0 1,362,000 28,000 -1,284,000 760,000 61,000 -956,000 307,000 -61,000 -505,000 -362,000 4,068,000 -3,792,000 -2,866,000 620,000 -543,000 -472,000 131,000 -5,000 194,000 1,237,000 853,000 -2,303,000 1,108,000 -2,933,000 -718,000 843,000 1,912,000 -763,000 -1,385,000 807,000 -532,000 -743,000 1,922,000 -67,000 -2,563,000 722,000 2,061,000 -1,582,000 -17,000 -342,000 344,000 -125,000 161,000 116,000 116,000 78,000 -51,000 125,000 -200,000 -8,000 172,000 -63,000 169,000 -728,000 86,000 -150,000 379,000 457,000 -167,000 837,000 1,492,000 -676,000 395,000 -107,000 31,000 12,000 -181,000 436,000 -147,000 -32,000 291,000       
      cash, cash equivalents and restricted cash
    		                                                                              
      change in cash, cash equivalents and restricted cash
    		27,326,000 659,921,000 -110,188,000 265,954,000 -65,337,000 -17,997,000 -47,794,000 98,786,000 16,222,000 -10,370,000 -11,671,000 -164,113,000 -16,553,000 30,262,000 -103,328,000 -112,501,000 166,630,000 231,915,000 -4,387,000 8,856,000 -16,635,000 -37,576,000 62,869,000 10,034,000 -74,776,000 -29,770,000 8,026,000 -35,223,000 15,428,000 -1,439,000 5,332,000                                                
      balance from continuing operations, beginning of year
    		0 0 323,107,000                                                                            
      balance from discontinued operations, beginning of year
    		0 0 20,093,000                                                                            
      total balance, beginning of year
    		0 0 343,200,000                                                                            
      balance from continuing operations, end of period
    		27,326,000 676,014,000 216,919,000                                                                            
      balance from discontinued operations, end of period
    		  16,093,000                                                                            
      total balance, end of period
    		27,326,000 659,921,000 233,012,000                                                                            
      non-cash cost of land and improved development
    		  2,399,000 25,192,000 9,845,000 6,419,000 2,953,000 9,579,000 6,586,000 9,395,000 4,208,000 8,085,000 3,150,000 11,780,000 5,359,000 2,158,000 15,815,000 5,190,000 1,813,000 9,667,000 7,260,000 13,029,000 412,000 2,580,000 4,338,000 1,617,000 4,030,000 6,502,000 2,115,000 13,312,000 1,624,000  1,272,000 2,880,000 4,479,000  4,336,000                                          
      depreciation, depletion and amortization
    		   33,586,000 33,486,000 36,094,000 37,083,000 43,950,000 36,967,000 39,715,000 37,599,000 33,118,000 31,052,000 35,750,000 47,419,000 34,488,000 33,325,000 42,696,000 45,213,000 45,517,000 43,284,000 41,866,000 34,329,000 36,296,000 27,846,000 27,602,000 36,491,000 28,395,000 34,806,000 46,383,000 34,537,000 30,964,000 28,707,000 37,122,000 30,773,000 31,457,000 31,978,000 27,924,000 29,975,000 35,992,000 36,325,000 35,006,000 31,168,000 38,895,000 30,993,000 31,870,000 27,719,000 39,165,000 33,193,000 43,329,000 31,537,000 40,159,000 48,156,000 38,519,000 40,138,000 38,396,000 33,503,000 36,947,000 37,052,000 40,945,000 37,697,000 32,187,000 34,210,000 32,401,000 37,197,000 34,513,000 37,485,000 38,105,000 36,814,000 41,866,000 37,002,000 38,518,000 38,469,000 39,352,000 41,570,000 40,192,000   
      amortization of losses from pension and postretirement plans
    		       2,000 1,000 2,000 1,000 189,000 188,000 188,000 188,000 293,000 294,000 293,000 294,000 217,000 217,000 218,000 217,000 112,000 113,000 112,000 112,000 168,000 169,000 179,000 159,000 116,000 116,000 117,000 116,000 632,000 632,000 585,000 939,000 6,279,000 4,884,000                                      
      timber write-offs resulting from casualty events
    		       0                                                                       
      gain on sale of large disposition of timberlands
    		               16,000 -14,476,000   0 0 0 -28,655,000          0 5,000 -28,188,000  0                                          
      capital expenditures
    		   -26,614,000 -16,224,000 -18,074,000 -18,868,000 -28,319,000 -16,330,000 -18,052,000 -18,746,000 -26,600,000 -17,876,000 -14,738,000 -15,597,000 -28,468,000 -15,298,000 -16,368,000 -15,831,000 -21,821,000 -15,239,000 -12,264,000 -17,176,000 -18,725,000 -15,766,000 -15,383,000 -14,122,000 -18,188,000 -18,217,000 -12,728,000 -13,192,000 -19,614,000 -15,891,000 -15,478,000 -14,362,000 -18,477,000 -14,066,000 -18,776,000 -13,292,000 -32,664,000 -35,769,000 -34,167,000 -42,079,000 -21,945,000 -30,450,000 -34,761,000 -42,835,000 -24,266,000 -35,183,000 -36,165,000 -26,589,000 -14,971,000 -20,279,000 -29,828,000 -14,971,000 -28,050,000 -31,831,000 -16,236,000 -19,786,000 -31,376,000 -17,470,000 -26,376,000 -25,154,000 -36,462,000               
      free cash flows
    		   61,200,000 49,927,000 37,255,000 33,430,000 61,120,000 66,283,000 44,320,000 45,205,000 32,701,000 43,483,000 84,125,000 34,070,000 19,198,000 97,564,000 94,346,000 38,037,000 44,369,000 40,145,000 41,157,000 12,003,000 31,335,000 31,473,000 30,654,000 56,795,000 30,857,000 61,251,000 90,620,000 65,043,000 49,797,000 42,667,000 78,894,000 19,581,000 21,416,000 72,863,000 14,985,000 40,106,000 56,996,000 108,997,000 63,355,000 69,275,000 109,458,000 48,712,000 80,944,000 -20,652,000 93,141,000 229,206,000 55,246,000 66,392,000 72,133,000 42,143,000 34,964,000 78,334,000 26,587,000 68,405,000 115,895,000 59,412,000 21,026,000                   
      net proceeds from large disposition of timberlands
    		               -16,000 19,479,000   0 0 0 115,666,000          0 -5,000 42,034,000  0                                          
      issuance of debt
    		           250,000,000 -1,597,000 4,421,000 404,018,000 0 0   0 0 300,000,000 20,000,000     0 0   0 0 33,670,000 29,719,000 1,820,000 40,321,000 93,531,000 12,000,000 100,000,000 0 15,000,000 340,000,000 110,000,000   0 30,000,000 0 127,000,000 10,000,000 227,500,000 10,000,000 20,000,000 35,000,000   22,000,000 20,000,000 80,000,000 165,000,000 27,000,000 32,000,000 34,000,000 20,000,000 45,000,000 30,000,000 72,000,000 0 66,000,000 50,000,000 95,000,000 0 -500,000 43,000,000 4,000,000   
      proceeds from the issuance of common shares under incentive stock plan
    		           48,000 19,000 1,982,000 579,000 1,248,000 184,000 3,324,000 1,166,000 1,135,000 167,000 0 66,000 429,000 57,000 177,000 597,000 375,000 392,000 2,369,000 5,455,000  459,000 955,000 2,251,000                                            
      proceeds from the issuance of common shares under the “at-the-market” (atm) equity offering program, net of commissions and offering costs
    		       1,000 0 -72,000 -10,000 29,680,000 -38,000 997,000 30,918,000 64,277,000 55,847,000 78,157,000 32,545,000                                                            
      balance, beginning of year
    		   0 0 0 208,374,000 0 0 0 115,407,000 0 0 0 369,139,000 0 0 0 87,482,000 0 0 0 69,968,000 0 0 0 156,454,000 0 0 0 172,356,000 0 0 0 85,909,000 0 0 0 161,558,000 280,596,000 0 0 78,603,000 0 0 349,463,000 0 0 0 74,964,000 0 0 0 61,685,000 0 0 181,081,000    0 0 0 146,227,000 0 0 84,117,000 0 0 0 21,397,000 0 0 0 18,924,000    
      balance, end of year
    		                                                                              
      balance, end of period
    		    -65,337,000 -17,997,000 160,580,000  16,222,000 -10,370,000 103,736,000  -16,553,000 30,262,000 265,811,000  166,630,000 231,915,000 83,095,000  -16,635,000 -37,576,000 132,837,000  -74,776,000 -29,770,000 164,480,000  15,428,000 -1,439,000 177,688,000  -32,497,000 -82,798,000 219,357,000  -19,615,000  139,049,000 266,017,000 26,372,000 -47,472,000 236,575,000 48,105,000 -2,932,000 317,112,000  61,481,000 191,214,000 152,970,000  93,256,000 2,435,000 57,454,000 33,984,000 -125,861,000 146,869,000 75,843,000 -12,169,000 28,471,000  3,865,000 38,841,000 126,179,000 -26,731,000 40,129,000 96,186,000  -24,492,000 3,144,000 62,898,000  39,431,000 42,578,000 4,410,000 2,603,000   
      gain on fund ii timberland dispositions
    		               -15,571,000                                                               
      gain on sale of timber funds iii & iv
    		               54,000                                                               
      fund ii carried interest incentive fee
    		                                                                              
      net proceeds from sale of timber funds iii & iv
    		               -54,000                                                               
      net proceeds from fund ii timberland dispositions
    		               69,541,000                                                               
      dividends paid on common stock
    		               -39,254,000 -38,585,000 -38,186,000 -37,490,000 -37,212,000 -36,932,000                                                          
      make-whole fee on nwfcs debt prepayment
    		               0                                                               
      timber write-off resulting from a casualty event
    		                                                                              
      timber write-offs due to casualty event
    		          2,302,000                                                                    
      timber write-offs due to casualty events
    		                   0                                                           
      changes in operating assets and liabilities, net of effects of merger with pope resources:
    		                                                                              
      cash consideration for merger with pope resources, net of cash acquired
    		                                                                              
      noncontrolling interests in consolidated affiliates redemption of shares
    		                   0                                                           
      supplemental disclosures of cash flow information
    		                                                                              
      cash paid during the period:
    		                                                                              
      interest
    		             12,997,000 3,935,000   14,732,000 2,945,000  9,412,000 13,539,000 2,595,000  6,201,000 12,257,000 2,120,000  6,052,000 12,273,000 2,585,000  6,939,000 12,851,000 3,695,000  6,606,000  5,016,000 3,562,000 7,303,000 5,723,000 5,213,000 4,227,000 14,808,000 4,671,000 15,492,000 4,799,000 15,259,000 4,441,000 19,684,000 479,000 20,053,000 1,217,000 1,191,000 20,381,000 641,000 3,478,000 22,567,000 20,230,000 5,181,000 1,731,000 21,514,000 1,221,000 2,069,000 22,452,000 1,415,000 21,628,000 660,000 21,437,000 1,092,000 21,902,000 1,002,000 26,203,000 1,670,000 21,232,000   
      income taxes
    		             288,000 14,042,000   2,294,000 4,838,000  -462,000 898,000 185,000  647,000 74,000 631,000  522,000 21,000 281,000  137,000 162,000 214,000  158,000  138,000 70,403,000 3,923,000 10,664,000 325,000 5,440,000 5,444,000 -5,892,000 7,238,000 4,394,000 -2,555,000 2,699,000 -723,000 4,935,000 3,883,000 729,000 -3,075,000 4,102,000 -262,000 -5,911,000 8,898,000 6,755,000 16,108,000 12,865,000 3,246,000 6,737,000 11,268,000 1,590,000 4,308,000 -2,121,000 728,000 1,426,000 -612,000 2,205,000 5,873,000 10,332,000 10,000 343,000   
      non-cash investing activity:
    		                                                                              
      capital assets purchased on account
    		             371,000 4,511,000   -659,000 4,814,000  1,033,000 -1,998,000 4,215,000  -1,136,000 53,000 3,354,000  -3,798,000 5,121,000 1,525,000  -709,000 -146,000 5,430,000  2,314,000  2,441,000 49,094,000 22,552,000 -14,401,000 44,576,000 5,375,000 -5,296,000 16,425,000 2,588,000 -3,795,000 -3,487,000 17,082,000 5,407,000 -5,329,000 -5,390,000 14,034,000 -7,547,000 -1,372,000 14,037,000 -4,588,000 -7,248,000 15,950,000 3,732,000 7,056,000 -7,139,000 5,467,000               
      non-cash financing activity:
    		                                                                              
      proceeds from shareholder distribution hedge
    		                       0    1,415,000                                                   
      net cash consideration for merger with pope resources
    		                    0                                                          
      repurchase of common shares
    		                -6,000 -1,453,000 -155,000  -5,000    -8,000 -4,208,000 -33,000 -4,000 -14,000 -2,948,000 -18,000        -94,000 -11,241,000 0 0 -7,783,000 -81,000 -2,000 -7,826,000 0 -31,000 0 -5,997,000 0 0 0 -1,388,000 0 -250,000 -3,488,000     -54,000              -1,998,000   
      equity consideration for merger with pope resources
    		                    0                                                          
      redeemable operating partnership unit consideration for merger with pope resources
    		                                                                              
      repurchase of common shares under repurchase program
    		                                                                              
      offering issuance costs
    		                                                                              
      distributions to noncontrolling interest in consolidated affiliates
    		                    -666,000                                                          
      redeemable common unit consideration for merger with pope resources
    		                    0                                                          
      dividends paid
    		                      -34,907,000 -34,946,000 -35,018,000 -36,230,000 -34,877,000 -34,933,000 -34,786,000 -34,930,000 -32,123,000 -32,061,000 -32,183,000 -32,207,000 -30,618,000 -30,750,000 -30,686,000 -30,656,000 -31,667,000 -57,744,000 -54,157,000 -48,952,000 -49,249,000 -48,692,000 -43,977,000 -43,894,000 -43,517,000 -40,166,000 -40,080,000 -39,910,000 -39,678,000 -39,611,000 -39,513,000 -39,416,000 -39,296,000 -39,215,000 -39,128,000 -38,879,000 -36,449,000 -36,300,000 -36,063,000 -35,979,000 -35,947,000 -35,894,000 -31,301,000 -31,137,000 -31,108,000 -27,934,000 -27,873,000 -27,739,000 -27,651,000 -72,612,000 -11,447,000 -11,293,000 -9,998,000 -9,995,000   
      distribution to minority shareholder
    		                      -725,000 -1,846,000 -3,721,000 0 -3,594,000 -8,050,000                                                   
      income tax receivable/payable
    		                             206,000 -290,000 -308,000 0 0 -126,000 -159,000 -488,000 53,000 -150,000 15,915,000 20,431,000                                      
      rayonier office building under construction
    		                               -105,000 -406,000 -2,969,000 -2,604,000 -2,374,000 -2,778,000                                          
      proceeds from the issuance of common shares from equity offering, net of costs
    		                               0 0 45,000 152,345,000                                            
      amortization of debt discount/premium
    		                                       419,000 1,504,000 1,973,000 1,890,000                                    
      assets purchased in business acquisition
    		                                   226,000 0                                          
      cash (used for) investing activities
    		                            -26,330,000                                                  
      non-cash cost of land and real estate sold
    		                                                                              
      non-cash adjustments to unrecognized tax benefit liability
    		                                     0                                         
      gain on sale of large dispositions
    		                                                                              
      net proceeds from large dispositions
    		                                                                              
      proceeds from settlement of foreign currency hedge
    		                                                                              
      change in restricted cash
    		                               -49,073,000 1,151,000 99,495,000 -39,568,000 -70,614,000 4,445,000 999,000 -7,071,000 9,908,000 1,631,000 -8,818,000 -5,609,000 0   4,978,000 -3,166,000 -234,000 -9,809,000 156,000 2,387,000 1,820,000 -2,964,000                         
      proceeds from the issuance of common shares
    		                                   687,000 245,000 795,000 546,000 4,091,000 16,752,000 1,919,000 2,061,000 354,000 2,495,000 5,399,000 4,782,000 9,300,000 5,021,000 7,211,000 1,887,000 5,530,000 3,480,000 218,000                         
      cash and cash equivalents
    		                                                                              
      change in cash and cash equivalents
    		                               8,591,000 -32,497,000 -82,798,000 133,448,000 -24,130,000 -19,615,000 -13,978,000 -22,509,000 -14,579,000 26,372,000 -47,472,000 157,972,000 48,105,000 -2,932,000 -32,351,000                                 
      repurchase of common shares made under share repurchase program
    		                                    0                                          
      depreciation and amortization from discontinued operations
    		                                                                              
      expenditures for dispositions and discontinued operations
    		                                       -1,631,000 -2,064,000 -3,092,000 -1,711,000 -1,999,000 -2,469,000 -2,447,000 -2,148,000 -2,165,000 -2,290,000 -2,029,000 -2,127,000 -1,866,000 -1,817,000 -2,285,000 -1,748,000 -1,623,000 -1,771,000 -1,346,000 -3,099,000 -2,572,000 -2,380,000 -2,301,000 -1,874,000 -3,234,000 -1,834,000 -3,057,000 -1,747,000 -2,932,000 -1,460,000 -1,654,000 -1,755,000   -2,307,000 -1,928,000    
      proceeds from repurchase of common shares
    		                                                                              
      net cash disbursed upon spin-off of performance fibers business
    		                                                                              
      non-cash cost of new york timberland sale
    		                                                                              
      tax benefit of afmc for cbpc exchange
    		                                       -18,761,000                                       
      gain related to consolidation of new zealand joint venture
    		                                                                              
      loss on early redemption of exchangeable notes
    		                                                                              
      payment to exchange afmc for cbpc
    		                                       -70,311,000                                       
      purchase of additional interest in new zealand joint venture
    		                                                                              
      jesup mill cellulose specialties expansion
    		                                       -36,734,000 -40,784,000 -37,972,000 -26,026,000                                    
      proceeds from disposition of wood products business
    		                                       83,741,000                                       
      excess tax benefits on stock-based compensation
    		                                       6,191,000 2,823,000 288,000 3,946,000 -51,000 -930,000 -3,970,000 -340,000 -1,120,000 -798,000 -3,153,000 -433,000 -1,396,000 -823,000 -68,000 -1,318,000 -1,134,000 -954,000                      
      non-cash cost of land sold and real estate development costs recovered upon sale
    		                                      3,747,000                                        
      real estate development costs
    		                                      -306,000                                        
      non-cash cost of land sold
    		                                                                              
      purchase of timberland deeds for rayonier advanced materials
    		                                                                              
      debt issuance funds distributed to rayonier advanced materials
    		                                                                              
      proceeds from spin-off of rayonier advanced materials
    		                                                                              
      non-cash cost of real estate sold
    		                                       633,000 604,000 1,019,000 1,382,000 1,359,000 1,453,000 296,000 161,000 3,097,000 1,240,000 2,194,000 1,339,000 1,063,000 1,742,000 3,490,000 3,032,000 2,040,000 2,566,000 4,149,000 2,184,000 1,394,000                   
      change in restricted cash reserved for dividends
    		                                                                              
      shareholder debt assumed in acquisition of new zealand joint venture
    		                                                                              
      conversion of shareholder debt to equity noncontrolling interest
    		                                                                              
      proceeds from disposition of wood products business, net of income tax payments of 16,027
    		                                                                              
      partial conversion of senior exchangeable notes to equity
    		                                                                              
      gain on foreign currency forward contracts
    		                                       -1,881,000                                       
      cash paid (received) during the period:
    		                                                                              
      amortization of gains/losses from pension and postretirement plans
    		                                          4,508,000                                    
      gain on sale of a portion of interest in the new zealand joint venture
    		                                                                              
      amortization of convertible debt discount
    		                                           2,168,000 2,151,000 2,152,000 2,057,000 2,045,000 2,029,000 2,029,000 1,942,000 1,692,000 1,441,000 1,442,000                         
      income tax receivable
    		                                           131,000 9,623,000 10,356,000                                 
      other current assets
    		                                           2,301,000 -10,335,000 -3,210,000 8,605,000 5,764,000 -10,292,000 -1,504,000 9,225,000 6,445,000 -18,693,000 -770,000                         
      accrued liabilities
    		                                           12,703,000 13,186,000 1,101,000 -29,281,000 12,017,000 20,171,000 -15,712,000 -4,605,000 23,476,000 5,930,000 3,516,000                         
      other assets
    		                                           -71,000 1,054,000 185,000 -2,492,000 720,000 12,000 -103,000 1,407,000 61,000 408,000 -454,000                         
      other non-current liabilities
    		                                           -16,325,000 -959,000 -1,475,000 -43,238,000 145,000 47,000 -513,000 -855,000 3,046,000 5,464,000 -217,000                         
      income tax and alternative fuel mixture credit receivable
    		                                              -20,152,000 -1,461,000 191,408,000 1,050,000 -58,078,000 -49,398,000                           
      purchase of real estate
    		                                                            0                  
      purchase of exchangeable note hedge
    		                                                  0                            
      proceeds from issuance of warrant
    		                                                  0                            
      increase in cash and cash equivalents
    		                                              -56,202,000 61,481,000 191,214,000 78,006,000 -78,181,000       75,843,000   -128,714,000 3,865,000 38,841,000 -20,048,000 -26,731,000 40,129,000 12,069,000 42,567,000 -24,492,000 3,144,000 41,501,000 -65,022,000 39,431,000 42,578,000 -14,514,000 2,603,000   
      cash paid during the year:
    		                                                                              
      gain on sale of a portion of the interest in the new zealand joint venture
    		                                               0 0 -11,545,000                             
      deferred income tax expense
    		                                               14,486,000 340,000 45,000                             
      adjustments to reconcile net income to total cash from operating activities:
    		                                                                              
      non-cash items included in income:
    		                                                                              
      non-cash cost of forest fire losses
    		                                                         0                     
      non-cash stock-based incentive compensation expense
    		                                                  3,802,000 3,790,000 3,824,000 4,338,000 3,112,000 3,346,000 3,729,000 2,509,000 2,846,000 4,751,000 3,979,000 2,300,000 2,200,000 3,599,000               
      non-cash change in deferred income taxes
    		                                                                              
      purchase of timberlands and wood chipping facilities
    		                                                      -101,000 -209,857,000 -19,567,000 -766,000 -2,998,000 -8,670,000                   
      deferred income tax (benefit) expense
    		                                                   -2,544,000 -1,939,000 -1,238,000              -5,521,000 -2,304,000      -766,000    
      decrease in cash and cash equivalents
    		                                                    2,435,000 -4,231,000  -125,861,000 -34,212,000   -11,700,000                   
      non-cash items included in net income:
    		                                                                              
      deferred income tax provision
    		                                                      5,320,000 3,157,000 3,786,000                      
      increase in accounts receivable
    		                                                      169,000     -3,541,000   -9,526,000 -7,981,000 -13,678,000 885,000 -1,499,000  11,684,000 -7,570,000 -4,837,000    -2,438,000    
      increase in inventory
    		                                                                -6,047,000 -1,787,000 -925,000     7,384,000       
      increase in accounts payable
    		                                                      -2,755,000 7,325,000 2,684,000 -6,435,000 4,554,000 -11,657,000 11,122,000 -15,122,000 10,945,000 4,404,000   -3,043,000    5,594,000        
      increase in other current assets
    		                                                      13,888,000       -3,528,000 -1,055,000 -14,998,000               
      increase in accrued liabilities
    		                                                      24,795,000 -9,297,000 10,718,000 33,694,000   -15,049,000 19,085,000 3,068,000 -141,000 4,241,000 -576,000 2,620,000 -27,378,000 22,729,000 4,330,000 17,099,000 -25,619,000 20,185,000 -14,969,000 -266,000 -11,964,000   
      decrease in other non-current liabilities
    		                                                                              
      increase in other non-current assets
    		                                                                              
      decrease (increase) in restricted cash
    		                                                      -1,987,000 -3,422,000 10,013,000       84,000               
      issuance of common shares
    		                                                      3,919,000 3,739,000 596,000 3,758,000 6,205,000 5,051,000 3,758,000 1,668,000 1,246,000 4,099,000 3,367,000 4,356,000 3,611,000 3,074,000 4,639,000 2,562,000 7,468,000 4,570,000 14,113,000 4,896,000 120,000 585,000   
      supplemental disclosures of cash flow information and noncash investing activities:
    		                                                                              
      decrease in inventory
    		                                                       4,281,000 3,845,000 -2,089,000 -10,505,000 16,516,000           1,452,000    3,444,000    
      increase in other non-current liabilities
    		                                                       614,000 -69,000 -10,958,000 1,115,000 2,796,000 -1,671,000 1,097,000 527,000 1,127,000 2,775,000 2,796,000 994,000 2,350,000 3,874,000 1,324,000 1,018,000 10,471,000 4,627,000 4,209,000 -7,608,000 4,132,000   
      decrease (increase) in other assets
    		                                                                              
      decrease (increase) in accounts receivable
    		                                                        941,000               1,089,000       
      decrease (increase) in other current assets
    		                                                        77,000                      
      increase in other assets
    		                                                        -781,000                      
      gain on sale of new zealand timber assets
    		                                                                              
      deferred income tax benefit
    		                                                           -1,689,000 -9,983,000 -5,746,000 -3,079,000 -492,000 -21,393,000 -12,537,000 -47,000    -53,823,000        
      proceeds from sale of portion of new zealand timber assets
    		                                                                              
      increase in restricted cash
    		                                                         42,817,000 -29,176,000 -14,037,000  641,000   -11,522,000 18,132,000 -20,130,000            
      tax benefits on stock based compensation
    		                                                                              
      and noncash investing activities:
    		                                                                              
      increase in current timber purchase agreements and other current assets
    		                                                          8,125,000 -15,819,000         -5,119,000 607,000 -998,000  -1,336,000 2,323,000 -2,447,000    
      increase in non-current timber purchase agreements and other assets
    		                                                                              
      proceeds from sale of portion of new zealand joint venture
    		                                                            0 0                 
      excess tax benefits on stock based compensation
    		                                                          2,497,000 2,178,000                   
      balance, beginning of period
    		                                                          0 40,171,000                0   
      decrease in accrued liabilities
    		                                                           -16,009,000                   
      decrease in non-current timber purchase agreements and other assets
    		                                                           367,000                   
      (income) income from discontinued operations
    		                                                                              
      non-cash cost of real estate sales
    		                                                            1,544,000 6,314,000 3,657,000 847,000 4,381,000              
      decrease (increase) in inventory
    		                                                            2,716,000 -6,789,000 -686,000 7,501,000               
      decrease (increase) in non-current timber purchase agreements and other assets
    		                                                                              
      cash from operating activities from continuing operations
    		                                                            84,579,000 89,237,000 82,296,000 50,816,000               
      cash from operating activities from discontinued operations
    		                                                                              
      proceeds from the sale of nz timberlands
    		                                                                              
      investment in nz joint venture
    		                                                                              
      proceeds from the sale of other assets
    		                                                                              
      cash from investing activities from continuing operations
    		                                                            -285,804,000 -51,653,000 -7,274,000 -40,462,000               
      cash from investing activities from discontinued operations
    		                                                                              
      payment on forward currency contract
    		                                                                              
      repurchase of common shares and cash in lieu of fractional shares
    		                                                                              
      cash from financing activities from continuing operations
    		                                                            71,674,000 -35,211,000 -35,505,000 -30,797,000               
      income from continuing operations
    		                                                             55,036,000 42,778,000 23,304,000 74,894,000       1,972,000 8,092,000 31,672,000 8,236,000 15,478,000   
      gain on sale of portion of new zealand joint venture
    		                                                             0                 
      proceeds from matured energy forward contracts
    		                                                             246,000 435,000 239,000               
      excess tax benefits from stock-based compensation
    		                                                             294,000 441,000 1,770,000               
      decrease in other assets
    		                                                              8,376,000 3,473,000            2,181,000   
      loss on matured forward energy contracts
    		                                                               257,000               
      equity in loss of new zealand jv investment
    		                                                               749,000               
      decrease in accounts payable
    		                                                                -9,355,000    963,000      -2,292,000    
      decrease (increase) in current timber purchase agreements and other current assets
    		                                                                  1,555,000            
      increase in timber purchase agreements and other assets
    		                                                                    -6,569,000 -4,800,000 -2,233,000        
      cash from operating activities of continuing operations
    		                                                                83,119,000       35,411,000 64,003,000 69,469,000 39,328,000 72,786,000   
      cash from operating activities of discontinued operations
    		                                                                6,930,000              
      capital expenditures, net of proceeds from sales and retirements
    		                                                                -7,810,000    -18,022,000          
      cash from investing activities of continuing operations
    		                                                                -32,222,000       -31,909,000 -25,983,000 -14,548,000 -18,192,000 -23,509,000   
      cash from investing activities of discontinued operations
    		                                                                39,741,000              
      cash from financing activities of continuing operations
    		                                                                -124,192,000       -68,815,000 1,464,000 -12,343,000 -35,650,000 -51,808,000   
      decrease (increase) in timber purchase agreements and other assets
    		                                                                              
      non-cash cost basis of real estate sold
    		                                                                  3,965,000            
      decrease (increase) in long-term timber purchase agreements and other assets
    		                                                                  1,954,000            
      capital expenditures, net of sales and retirements
    		                                                                  -20,314,000    -19,493,000        
      cash paid (received) during the period for:
    		                                                                              
      non-cash items included in income from continuing operations:
    		                                                                              
      reserves for dispositions
    		                                                                              
      decrease in current timber purchase agreements and other current assets
    		                                                                           2,572,000   
      increase in long-term timber purchase agreements and other assets
    		                                                                              
      capital expenditures, net of sales and retirements of 264, 979 and 773
    		                                                                              
      purchase of alabama timberlands
    		                                                                   0           
      purchase of assets previously leased
    		                                                                       0       
      cash paid in lieu of fractional shares
    		                                                                       0 0      
      cash from discontinued operations
    		                                                                           5,134,000   
      cash paid (received) during the year for:
    		                                                                              
      non-cash cost of land sales
    		                                                                    711,000 1,317,000 7,928,000    2,963,000 4,966,000   
      non-cash cost basis of land sold
    		                                                                       172,000 1,090,000      
      pre-tax expenditures for dispositions and discontinued operations
    		                                                                       -2,762,000       
      capital expenditures, net of sales and retirements of 979, 773 and 491
    		                                                                              
      (decrease) in accounts payable
    		                                                                              
      decrease in long-term timber purchase agreements and other assets
    		                                                                              
      capital expenditures, net of sales and retirements of 979 and 245
    		                                                                              
      non-cash investing and financing activities
    		                                                                              
      note receivable from sale of east coast new zealand operations
    		                                                                              
      decrease in accounts receivable
    		                                                                              
      (increase) in inventory
    		                                                                              
      decrease in timber purchase agreements and other assets
    		                                                                         2,649,000 860,000    
      capital expenditures, net of sales and retirements of 536 and 1,205
    		                                                                              
      non-cash investing and financing activities:
    		                                                                              
      capital expenditures, net of sales and retirements of 51 and 762
    		                                                                          -18,192,000    
      change in accounts receivable, inventory and accounts payable
    		                                                                           5,022,000   
      expenditures for dispositions, net of tax benefits of 2,337 and 2,454
    		                                                                              
      capital expenditures, net of sales and retirements of 245 and 153
    		                                                                              
      supplemental disclosures of cash flow information:
    		                                                                              
      cash paid during the period for:
    		                                                                              
      note receivable from sale of new zealand east coast operations
    		                                                                           0   
      expenditures for dispositions, net of tax benefits of 1,284 and 1,411
    		                                                                              
      capital expenditures, net of sales and retirements of 1,205 and 237
    		                                                                              
      custodial capital spending
    		                                                                             -15,100,000 
      dividends at prior year level
    		                                                                             -9,900,000 
      increase in cash and short-term investments
    		                                                                             -8,900,000 
      free cash flow
    		                                                                             26,500,000 
      free cash flow per share
    		                                                                             940,000 
      performance fibers
    		                                                                              
      sales volume
    		                                                                              
      cellulose specialties, in thousands of metric tons
    		                                                                             104,000,000 
      absorbent materials, in thousands of metric tons
    		                                                                             70,000,000 
      production as a percent of capacity
    		                                                                             96,300,000 
      timber and land
    		                                                                              
      sales volume—timber
    		                                                                              
      northwest u.s., in millions of board feet
    		                                                                             70,000,000 
      southeast u.s., in thousands of short green tons
    		                                                                             1,241,000,000 
      new zealand, in thousands of metric tons *
    		                                                                             287,000,000 
      timber sales volume—intercompany
    		                                                                              
      acres sold
    		                                                                             18,900,000,000 
      wood products and trading
    		                                                                              
      lumber sales volume, in millions of board feet
    		                                                                             79,000,000 
      medium-density fiberboard sales volume, in thousands of cubic meters
    		                                                                             36,000,000 
      log trading sales volume
    		                                                                              
      north america, in millions of board feet
    		                                                                             27,000,000 
      new zealand, in thousands of cubic meters
    		                                                                             211,000,000 
      other, in thousands of cubic meters
    		                                                                             118,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.