XML 129 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 161,558us-gaap_CashAndCashEquivalentsAtCarryingValue $ 199,644us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, less allowance for doubtful accounts of $42 and $673 24,018us-gaap_AccountsReceivableNetCurrent 94,956us-gaap_AccountsReceivableNetCurrent
Inventory (Note 12) 9,042us-gaap_InventoryNet [1] 138,818us-gaap_InventoryNet [1]
Current deferred tax assets 0us-gaap_DeferredTaxAssetsNetCurrent 39,100us-gaap_DeferredTaxAssetsNetCurrent
Prepaid logging roads 12,665ryn_PrepaidLoggingRoadsCurrent 12,992ryn_PrepaidLoggingRoadsCurrent
Prepaid and other current assets 7,080us-gaap_PrepaidExpenseAndOtherAssetsCurrent 33,584us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 214,363us-gaap_AssetsCurrent 519,094us-gaap_AssetsCurrent
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,083,743ryn_TimberandTimberlandsNet 2,049,378ryn_TimberandTimberlandsNet
PROPERTY, PLANT AND EQUIPMENT    
Land 1,833us-gaap_Land 20,138us-gaap_Land
Buildings 8,961us-gaap_BuildingsAndImprovementsGross 180,573us-gaap_BuildingsAndImprovementsGross
Machinery and equipment 3,503us-gaap_MachineryAndEquipmentGross 1,760,641us-gaap_MachineryAndEquipmentGross
Construction in progress 579us-gaap_ConstructionInProgressGross 19,795us-gaap_ConstructionInProgressGross
Total property, plant and equipment, gross 14,876us-gaap_PropertyPlantAndEquipmentGross 1,981,147us-gaap_PropertyPlantAndEquipmentGross
Less—accumulated depreciation (8,170)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (1,120,326)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Total property, plant and equipment, net 6,706us-gaap_PropertyPlantAndEquipmentNet 860,821us-gaap_PropertyPlantAndEquipmentNet
OTHER ASSETS (Note 9) 148,303us-gaap_OtherAssetsNoncurrent 256,208us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS 2,453,115us-gaap_Assets 3,685,501us-gaap_Assets
CURRENT LIABILITIES    
Accounts payable 20,211us-gaap_AccountsPayableCurrent 69,293us-gaap_AccountsPayableCurrent
Current maturities of long-term debt (Note 13) 129,706us-gaap_LongTermDebtCurrent 112,500us-gaap_LongTermDebtCurrent
Accrued taxes 11,405us-gaap_TaxesPayableCurrent 8,551us-gaap_TaxesPayableCurrent
Uncertain tax positions 0us-gaap_LiabilityForUncertainTaxPositionsCurrent 10,547us-gaap_LiabilityForUncertainTaxPositionsCurrent
Accrued payroll and benefits 6,390us-gaap_EmployeeRelatedLiabilitiesCurrent 24,948us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued interest 8,433us-gaap_InterestPayableCurrent 9,531us-gaap_InterestPayableCurrent
Accrued customer incentives 0us-gaap_OtherAccruedLiabilitiesCurrent 9,580us-gaap_OtherAccruedLiabilitiesCurrent
Other current liabilities 25,857us-gaap_OtherLiabilitiesCurrent 24,327us-gaap_OtherLiabilitiesCurrent
Current liabilities for dispositions and discontinued operations (Note 17) 0us-gaap_AccruedEnvironmentalLossContingenciesCurrent 6,835us-gaap_AccruedEnvironmentalLossContingenciesCurrent
Total current liabilities 202,002us-gaap_LiabilitiesCurrent 276,112us-gaap_LiabilitiesCurrent
LONG-TERM DEBT (Note 13) 621,849us-gaap_LongTermDebtNoncurrent 1,461,724us-gaap_LongTermDebtNoncurrent
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 17) 0us-gaap_AccruedEnvironmentalLossContingenciesNoncurrent 69,543us-gaap_AccruedEnvironmentalLossContingenciesNoncurrent
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 22) 33,477us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 95,654us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
OTHER NON-CURRENT LIABILITIES 20,636us-gaap_OtherLiabilitiesNoncurrent 27,225us-gaap_OtherLiabilitiesNoncurrent
COMMITMENTS AND CONTINGENCIES (Notes 18, 19 and 20)      
SHAREHOLDERS’ EQUITY    
Common Shares, 480,000,000 shares authorized, 126,773,097 and 126,257,870 shares issued and outstanding 702,598us-gaap_CommonStockValue 692,100us-gaap_CommonStockValue
Retained earnings 790,697us-gaap_RetainedEarningsAccumulatedDeficit 1,015,209us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (4,825)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (46,139)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,488,470us-gaap_StockholdersEquity 1,661,170us-gaap_StockholdersEquity
Noncontrolling interest 86,681us-gaap_MinorityInterest 94,073us-gaap_MinorityInterest
TOTAL SHAREHOLDERS’ EQUITY 1,575,151us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,755,243us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 2,453,115us-gaap_LiabilitiesAndStockholdersEquity $ 3,685,501us-gaap_LiabilitiesAndStockholdersEquity
[1] 2013 includes $128.2 million of inventory related to the Performance Fibers business.