Rayonier Inc. (RYN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1 RAYONIER WAY WILDLIGHT, FL 32097 |
| State of Incorp. | NC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 207,696 | 114,255 | 362,173 | 84,507 | 68,735 | 148,374 | |||
| Cash and cash equivalents | 207,696 | 114,255 | 362,173 | 84,507 | 68,735 | 148,374 | |||
| Receivables | 40,169 | 42,538 | 30,018 | 49,082 | 27,127 | 26,151 | |||
| Inventory, net of allowances, customer advances and progress billings | 31,017 | 23,729 | 28,523 | 10,594 | 14,518 | 15,703 | |||
| Inventory | 31,017 | 23,729 | 28,523 | 10,594 | 14,518 | 15,703 | |||
| Prepaid expense | 3,645 | 5,680 | 4,242 | 4,095 | 2,600 | 5,040 | |||
| Disposal group, including discontinued operation | 9,932 | 713 | 5,099 | 3,449 | |||||
| Other current assets | 9,074 | 573 | 749 | 6,765 | 867 | 609 | |||
| Other undisclosed current assets | 15,425 | 14,893 | 20,627 | 12,073 | 12,128 | 11,976 | |||
| Total current assets: | 316,958 | 202,381 | 451,431 | 170,565 | 125,975 | 207,853 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 95,474 | 97,167 | 101,837 | 108,992 | 99,942 | ✕ | |||
| Inventory, real estate | 105,595 | 115,097 | 106,878 | 108,518 | 81,791 | 85,609 | |||
| Property, plant and equipment | 27,009 | 27,189 | 29,623 | 30,401 | 22,251 | 22,751 | |||
| Intangible assets, net (including goodwill) | 8,457 | 8,943 | 8,611 | 8,307 | |||||
| Goodwill | 8,457 | 8,943 | 8,611 | 8,307 | |||||
| Derivative instruments and hedges | 11,796 | ||||||||
| Regulated entity, other noncurrent assets | 102 | 213 | |||||||
| Restricted cash and investments | 678 | 2,975 | 1,233 | 8,080 | |||||
| Other noncurrent assets | 97,555 | 115,481 | 50,966 | 45,156 | 47,757 | 55,046 | |||
| Other undisclosed noncurrent assets | 3,004,316 | 3,232,056 | 2,875,368 | 3,253,183 | 2,473,334 | 2,392,807 | |||
| Total noncurrent assets: | 3,330,627 | 3,586,990 | 3,184,925 | 3,558,168 | 2,735,021 | 2,572,813 | |||
| TOTAL ASSETS: | 3,647,585 | 3,789,371 | 3,636,356 | 3,728,733 | 2,860,996 | 2,780,666 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 46,493 | 44,318 | 56,750 | 50,789 | 35,266 | 36,620 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 6,343 | 6,325 | 5,205 | 5,007 | ||
| Taxes payable | ✕ | ✕ | ✕ | 12,446 | 7,347 | 3,032 | 3,178 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 14,514 | 12,327 | 8,869 | 10,416 | ||
| Accounts payable | 26,561 | 22,100 | 23,447 | 24,790 | 18,160 | 18,019 | |||
| Accrued liabilities | 19,932 | 22,218 | |||||||
| Deferred revenue | 19,012 | 22,762 | 17,802 | 11,112 | 11,440 | ✕ | |||
| Debt | 82,000 | ||||||||
| Accrued environmental loss contingencies | 11,793 | 695 | |||||||
| Other liabilities | 30,409 | 28,247 | 25,863 | 29,234 | 22,480 | 16,474 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10,447 | ||
| Other undisclosed current liabilities | 32,570 | 130,611 | |||||||
| Total current liabilities: | 140,277 | 95,327 | 231,721 | 91,135 | 151,186 | 63,541 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,365,773 | 1,514,721 | 1,336,235 | 1,460,766 | 1,063,610 | 972,567 | |||
| Long-term debt, excluding current maturities | 1,365,773 | 1,514,721 | 1,242,819 | 1,360,515 | 973,129 | 972,567 | |||
| Liabilities, other than long-term debt | 182,282 | 192,848 | 118,999 | 184,066 | 108,558 | 90,008 | |||
| Deferred revenue | 11,294 | ✕ | |||||||
| Liability, pension and other postretirement and postemployment benefits | 1,441 | 8,510 | 10,478 | 23,344 | 25,311 | 29,800 | |||
| Other liabilities | 81,863 | 95,582 | 108,521 | 160,722 | 83,247 | 60,208 | |||
| Operating lease, liability | 87,684 | 88,756 | 93,416 | 100,251 | 90,481 | ✕ | |||
| Total noncurrent liabilities: | 1,548,055 | 1,707,569 | 1,455,234 | 1,644,832 | 1,172,168 | 1,062,575 | |||
| Total liabilities: | 1,688,332 | 1,802,896 | 1,686,955 | 1,735,967 | 1,323,354 | 1,126,116 | |||
| Temporary equity, carrying amount | 81,651 | 105,763 | 133,823 | 130,121 | |||||
| Equity | |||||||||
| Equity, attributable to parent | 1,860,536 | 1,865,395 | 1,771,776 | 1,474,057 | 1,439,981 | 1,556,873 | |||
| Common stock | 1,497,641 | 1,462,945 | 1,389,073 | 1,101,675 | 888,177 | 884,263 | |||
| Accumulated other comprehensive income (loss) | 24,651 | 35,813 | (19,604) | (73,885) | (31,202) | 239 | |||
| Retained earnings | 338,244 | 366,637 | 402,307 | 446,267 | 583,006 | 672,371 | |||
| Equity, attributable to noncontrolling interest | 17,066 | 15,317 | 43,802 | 388,588 | 97,661 | 97,677 | |||
| Total equity: | 1,877,602 | 1,880,712 | 1,815,578 | 1,862,645 | 1,537,642 | 1,654,550 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,647,585 | 3,789,371 | 3,636,356 | 3,728,733 | 2,860,996 | 2,780,666 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,056,933 | 909,072 | 1,109,597 | 859,154 | 711,556 | 816,138 | ||
| Cost of revenue | (770,876) | (688,284) | (796,115) | (734,121) | (562,883) | (605,259) | ||
| Cost of goods and services sold | (762,570) | (688,284) | (796,115) | (712,436) | (558,350) | (605,259) | ||
| Gross profit: | 286,057 | 220,788 | 313,482 | 125,033 | 148,673 | 210,879 | ||
| Operating expenses | (74,773) | (64,670) | (57,791) | (50,645) | (41,646) | (41,951) | ||
| Other operating income (expense), net | (8,306) | 9,704 | 14,084 | (21,685) | (4,533) | 1,140 | ||
| Noninterest income, other operating income | (1,826) | (169) | ||||||
| Other undisclosed operating income | 8,306 | 21,685 | 4,533 | |||||
| Operating income: | 211,284 | 165,822 | 269,775 | 74,388 | 107,027 | 170,068 | ||
| Nonoperating income (Other Nonoperating income) | 20,675 | 2,565 | 280 | 1,173 | 5,307 | 4,564 | ||
| Interest and debt expense | (48,342) | (36,207) | (44,907) | (38,768) | (31,716) | (32,066) | ||
| Income from continuing operations before income taxes: | 183,617 | 132,180 | 225,148 | 36,793 | 80,618 | 142,566 | ||
| Income tax expense | (5,122) | (9,389) | (14,661) | (7,009) | (12,940) | (25,236) | ||
| Income from continuing operations: | 178,495 | 122,791 | 210,487 | 29,784 | 67,678 | 117,330 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 210,487 | 29,784 | 67,678 | 117,330 | |
| Net income: | 178,495 | 122,791 | 210,487 | 29,784 | 67,678 | 117,330 | ||
| Net loss attributable to noncontrolling interest | (8,573) | (15,114) | ||||||
| Other undisclosed net income (loss) attributable to parent | (5,002) | (15,714) | (57,937) | 7,300 | ||||
| Net income available to common stockholders, diluted: | 173,493 | 107,077 | 152,550 | 37,084 | 59,105 | 102,216 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 178,495 | 122,791 | 210,487 | 29,784 | 67,678 | 117,330 | ||
| Other comprehensive income (loss) | (10,880) | 54,573 | 50,695 | (33,708) | (30,869) | (19,360) | ||
| Comprehensive income (loss): | 167,615 | 177,364 | 261,182 | (3,924) | 36,809 | 97,970 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (9,146) | (8,931) | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (6,088) | (15,874) | (54,350) | (1,675) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 161,527 | 161,490 | 206,832 | (5,599) | 27,663 | 89,039 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.