← RAYONIER INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $212.0m | $148.8m | $102.2m | $59.1m | $37.1m | $152.6m | $107.1m | $173.5m | $359.1m | $474.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $217.8m | $161.6m | $117.3m | $67.7m | $29.8m | $210.5m | $122.8m | $178.5m | $369.0m | $480.4m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $212.0m | — | — | — | — | — | — | — | — | $73.2m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $217.8m | — | — | — | — | — | — | — | — | $74.1m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | $406.3m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | $401.2m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $5.8m | $12.7m | $15.1m | $8.6m | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $151.1m | $146.0m | $144.1m | $128.2m | $200.4m | $248.5m | $155.7m | $249.4m | $113.9m | $106.5m | |
| Deferred Income Tax Expense (Benefit) | $956k | $8.6m | $19.4m | $10.8m | ($5.7m) | $9.9m | ($412k) | ($9.2m) | $2.6m | ($5.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $5.1m | $5.4m | $6.4m | $6.9m | $8.0m | $9.3m | $12.4m | $14.0m | $14.2m | $11.0m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | $5.1m | $5.4m | $6.4m | $6.9m | $8.0m | $9.3m | $12.4m | $14.0m | $14.2m | $11.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $85k | ($68k) | $7k | $56k | $121k | $75k | $40k | $37k | $13k | ($51k) | |
| Income Tax Expense (Benefit) | $5.1m | $21.7m | $25.2m | $12.9m | $7.0m | $14.7m | $9.4m | $5.1m | $7.0m | $527k | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $36.9m | $26.4m | |
| Operating Lease, Lease Income | — | — | — | — | $605k | $1.2m | — | — | — | — | |
| Other Nonoperating Income (Expense) | ($698k) | $1.8m | $4.6m | $5.3m | $1.2m | $280k | $2.6m | $20.7m | $10.5m | ($6.7m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | ($2.5m) | $6.4m | ($765k) | $849k | $15.4m | ($17.2m) | $9.1m | ($4.4m) | $2.8m | ($6.6m) | |
| Increase (Decrease) in Inventories | $1.2m | $1.4m | ($1.8m) | ($1.2m) | $1.4m | $503k | $4.3m | ($513k) | ($2.0m) | ($235k) | |
| Increase (Decrease) in Accounts Payable | ($559k) | $3.4m | ($4.6m) | ($1.6m) | $5.7m | ($1.6m) | $1.1m | $1.5m | $571k | ($2.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $283k | ($394k) | $238k | ($3.1m) | ($3.5m) | $6.8m | ($5.3m) | ($8.5m) | $1.3m | — | |
| Gain (Loss) on Sale of Properties | $143.9m | $67.0m | — | — | $28.7m | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | $0 | — | $0 | $0 | — | — | — | $20.7m | — | ($1.7m) | |
| Goodwill | $8.7m | $8.8m | $8.3m | $8.6m | $8.9m | $8.5m | $7.9m | $7.8m | $7.0m | — | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $24.3m | |
| Pension Expense (Reversal of Expense), Noncash | — | — | — | — | — | — | — | $2.0m | $6.0m | $0 | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $815.0m | — | — | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | ($645k) | $3.4m | $132k | — | — | — | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | — | — | — | $404.5m | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | — | — | — | $1.9m | |
| Other Operating Income (Expense), Net | $35.0m | $4.4m | $1.1m | ($4.5m) | ($21.7m) | $14.1m | $9.7m | ($8.3m) | ($1.3m) | ($7.3m) | |
| Net Cash Provided by (Used in) Operating Activities | $203.8m | $256.3m | $310.1m | $214.3m | $204.2m | $325.1m | $269.2m | $298.4m | $261.6m | $256.7m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $58.7m | $65.3m | $62.3m | $64.0m | $66.5m | $76.0m | $74.8m | $81.4m | $79.8m | $57.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $231.1m | $0 | $0 | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | ($2.3m) | $373k | $3.4m | $6.3m | $584k | ($912k) | ($1.2m) | ($2.8m) | $2.4m | ($1.9m) | |
| Net Cash Provided by (Used in) Investing Activities | ($283.2m) | ($223.2m) | ($132.9m) | ($219.4m) | ($213.6m) | ($26.3m) | ($516.4m) | $124.1m | $354.0m | $615.1m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $695.9m | $63.4m | $1.0m | $82.0m | $320.0m | $446.4m | $656.8m | $0 | $0 | — | |
| Repayments of Long-term Debt | $458.4m | $100.2m | $54.4m | $0 | $152.0m | $420.0m | $531.8m | $150.0m | $250.0m | $0 | |
| Proceeds from Issuance of Common Stock | $1.6m | $152.4m | $0 | $0 | $32.6m | $230.8m | $61.6m | ($81k) | $0 | $0 | |
| Payments for Repurchase of Common Stock | $690k | $176k | $3.0m | $4.2m | $1.6m | $1.6m | $4.2m | $4.2m | $4.2m | $2.9m | |
| Payments of Ordinary Dividends, Common Stock | $122.8m | $127.1m | $136.8m | $141.1m | $146.3m | $153.5m | $165.7m | $170.0m | $200.6m | $292.1m | |
| Proceeds from (Payments for) Other Financing Activities | ($301k) | $0 | $0 | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $114.4m | ($6.9m) | ($193.7m) | ($79.6m) | $27.0m | ($16.3m) | ($4.6m) | ($328.9m) | ($479.4m) | ($372.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($937k) | $580k | $571k | ($1.7m) | ($19k) | ($889k) | ($2.0m) | ($621k) | ($1.4m) | $1.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($937k) | $580k | ($15.9m) | ($86.5m) | $17.5m | $281.7m | ($253.7m) | $93.0m | $134.8m | $500.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $82.3m | $14.7m | $156.5m | $70.0m | $87.5m | $369.1m | $115.4m | $208.4m | $343.2m | $500.2m | |
| Restricted Cash and Investments, Current | — | — | — | — | — | — | — | — | $19.4m | $0 | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $36.3m | $36.0m | $33.1m | $32.8m | $40.9m | $42.7m | $35.7m | $48.7m | $38.6m | — | |
| Income Taxes Paid, Net | $501k | $514k | $2.1m | $1.7m | $816k | $7.4m | $15.1m | $4.8m | $5.9m | $4.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.