RYN Stock Cash Flow Statements

Rayonier Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Rayonier Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	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	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	23,437,000	23,493,000
depreciation, depletion and amortization from discontinued operations	4,747,000	4,334,000
non-cash cost of land and improved development from continuing operations
non-cash cost of land and improved development from discontinued operations
gain on sale of discontinued operations																																							-42,670,000
stock-based incentive compensation expense	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	-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
pension settlement charge			0	306,000	0	5,673,000
other	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	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	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	-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	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	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	-10,404,000	-12,023,000
capital expenditures from discontinued operations	-4,444,000	-2,654,000
real estate development investments	-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
net proceeds on sale of property, plant and equipment
cash from investing activities	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	-42,825,000	-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	-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	-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	-34,928,000	-2,623,000																		0	0	-3,152,000
distributions to noncontrolling interests in consolidated affiliates	-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
cash from financing activities	-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	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	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	323,107,000
balance from discontinued operations, beginning of year	0	20,093,000
total balance, beginning of year	0	343,200,000
balance from continuing operations, end of period	676,014,000	216,919,000
balance from discontinued operations, end of period		16,093,000
total balance, end of period	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
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
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
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
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
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
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

We provide you with 20 years of cash flow statements for Rayonier stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Rayonier stock. Explore the full financial landscape of Rayonier stock with our expertly curated income statements.

The information provided in this report about Rayonier stock 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.