Rayonier Inc. (RYN) Financial Statements (2024 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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments114,255362,17384,50768,735148,374112,653
Cash and cash equivalents114,255362,17384,50768,735148,374112,653
Receivables42,53830,01849,08227,12726,15127,693
Inventory, net of allowances, customer advances and progress billings23,72928,52310,59414,51815,70324,141
Inventory23,72928,52310,59414,51815,70324,141
Prepaid expense5,6804,2424,0952,6005,0404,786
Disposal group, including discontinued operation7135,0993,449   
Other current assets5737496,7658676093,047
Other undisclosed current assets14,89320,62712,07312,12811,97611,207
Total current assets:202,381451,431170,565125,975207,853183,527
Noncurrent Assets
Operating lease, right-of-use asset97,167101,837108,99299,942
Inventory, real estate115,097106,878108,51881,79185,60980,797
Property, plant and equipment27,18929,62330,40122,25122,75123,378
Intangible assets, net (including goodwill)  8,4578,9438,6118,3078,776
Goodwill  8,4578,9438,6118,3078,776
Derivative instruments and hedges  11,796    
Regulated entity, other noncurrent assets    102213300
Restricted cash and investments  2,9751,2338,08059,703
Other noncurrent assets115,48150,96645,15647,75755,04649,010
Other undisclosed noncurrent assets3,232,0562,875,3683,253,1832,473,3342,392,8072,452,990
Total noncurrent assets:3,586,9903,184,9253,558,1682,735,0212,572,8132,674,954
TOTAL ASSETS:3,789,3713,636,3563,728,7332,860,9962,780,6662,858,481
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44,31856,75050,78935,26636,62043,645
Interest and dividends payable6,3436,3255,2055,0075,054
Taxes payable12,4467,3473,0323,1783,781
Employee-related liabilities14,51412,3278,86910,4169,662
Accounts payable22,10023,44724,79018,16018,01925,148
Accrued liabilities22,218     
Deferred revenue22,76217,80211,11211,440
Debt    82,000 3,375
Accrued environmental loss contingencies 695    
Other liabilities28,24725,86329,23422,48016,47411,807
Deferred revenue and credits9,721
Contract with customer, liability10,447
Other undisclosed current liabilities 130,611    
Total current liabilities:95,327231,72191,135151,18663,54168,548
Noncurrent Liabilities
Long-term debt and lease obligation1,514,7211,336,2351,460,7661,063,610972,5671,022,004
Long-term debt, excluding current maturities1,514,7211,242,8191,360,515973,129972,5671,022,004
Liabilities, other than long-term debt192,848118,999184,066108,55890,00874,989
Deferred revenue    
Liability, pension and other postretirement and postemployment benefits8,51010,47823,34425,31129,80031,905
Other liabilities95,582108,521160,72283,24760,20843,084
Operating lease, liability88,75693,416100,25190,481
Total noncurrent liabilities:1,707,5691,455,2341,644,8321,172,1681,062,5751,096,993
Total liabilities:1,802,8961,686,9551,735,9671,323,3541,126,1161,165,541
Temporary equity, carrying amount105,763133,823130,121   
Equity
Equity, attributable to parent1,865,3951,771,7761,474,0571,439,9811,556,8731,593,023
Common stock1,462,9451,389,0731,101,675888,177884,263872,228
Accumulated other comprehensive income (loss)35,813(19,604)(73,885)(31,202)23913,417
Retained earnings366,637402,307446,267583,006672,371707,378
Equity, attributable to noncontrolling interest15,31743,802388,58897,66197,67799,917
Total equity:1,880,7121,815,5781,862,6451,537,6421,654,5501,692,940
TOTAL LIABILITIES AND EQUITY:3,789,3713,636,3563,728,7332,860,9962,780,6662,858,481

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues909,0721,109,597859,154711,556816,138819,596
Revenue, net819,596
Cost of revenue(688,284)(796,115)(734,121)(562,883)(605,259)(568,253)
Cost of goods and services sold(688,284)(796,115)(712,436)(558,350)(605,259)(568,253)
Gross profit:220,788313,482125,033148,673210,879251,343
Operating expenses(64,670)(57,791)(50,645)(41,646)(41,951)(40,245)
Other operating income (expense), net9,70414,084(21,685)(4,533)1,1404,393
Noninterest income, other operating income    (1,826)(169)195
Other undisclosed operating income  21,6854,533  
Operating income:165,822269,77574,388107,027170,068215,491
Nonoperating income
(Other Nonoperating income)
2,5652801,1735,3074,5641,840
Interest and debt expense(36,207)(44,907)(38,768)(31,716)(32,066)(34,071)
Income from continuing operations before income taxes:132,180225,14836,79380,618142,566183,260
Income tax expense(9,389)(14,661)(7,009)(12,940)(25,236)(21,681)
Income from continuing operations:122,791210,48729,78467,678117,330161,579
Income before gain (loss) on sale of properties:210,48729,78467,678117,330161,579
Net income:122,791210,48729,78467,678117,330161,579
Net loss attributable to noncontrolling interest    (8,573)(15,114)(12,737)
Other undisclosed net income (loss) attributable to parent(15,714)(57,937)7,300   
Net income available to common stockholders, diluted:107,077152,55037,08459,105102,216148,842

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:122,791210,48729,78467,678117,330161,579
Other comprehensive income (loss)54,57350,695(33,708)(30,869)(19,360)14,599
Comprehensive income (loss):177,364261,182(3,924)36,80997,970176,178
Comprehensive loss, net of tax, attributable to noncontrolling interest    (9,146)(8,931)(14,775)
Other undisclosed comprehensive loss, net of tax, attributable to parent(15,874)(54,350)(1,675)   
Comprehensive income (loss), net of tax, attributable to parent:161,490206,832(5,599)27,66389,039161,403

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.

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