RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
CURRENT ASSETS
Total cash and cash equivalents	$ 261,804	$ 362,173
Accounts receivable, less allowance for doubtful accounts of $51 and $59	37,468	30,018
Inventory (Note 14)	31,254	28,523
Prepaid expenses	20,341	18,528
Assets held for sale (Note 20)	2,357	5,099
Other current assets	437	749
Total current assets	355,125	451,431
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,750,541	2,894,996
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 13)	115,984	106,878
PROPERTY, PLANT AND EQUIPMENT
Land	6,452	6,401
Buildings	30,863	31,168
Machinery and equipment	6,548	6,494
Construction in progress	597	460
Total property, plant and equipment, gross	44,460	44,523
Less — accumulated depreciation	(16,707)	(14,900)
Total property, plant and equipment, net	27,753	29,623
RIGHT-OF-USE ASSETS	95,650	101,837
OTHER ASSETS	111,051	50,966
TOTAL ASSETS	3,472,356	3,636,356
CURRENT LIABILITIES
Accounts payable	27,061	23,447
Current maturities of long-term debt, net (Note 6)	0	124,965
Accrued taxes	8,820	12,446
Accrued payroll and benefits	10,942	14,514
Accrued interest	7,178	6,343
Deferred revenue	22,586	17,802
Other current liabilities	34,249	25,863
Total current liabilities	112,412	231,721
LONG-TERM DEBT, NET (NOTE 6)	1,257,756	1,242,819
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 16)	9,656	10,478
LONG-TERM LEASE LIABILITY	87,639	93,416
OTHER NON-CURRENT LIABILITIES	83,987	108,521
COMMITMENTS AND CONTINGENCIES (NOTES 9 and 10)
NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP/REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 3,211,327 and 3,315,741 Units outstanding, respectively	96,243	133,823
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 146,422,825 and 145,372,961 shares issued and outstanding	1,430,622	1,389,073
Retained earnings	384,384	402,307
Accumulated other comprehensive loss (Note 18)	(1,599)	(19,604)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,813,407	1,771,776
Noncontrolling interests in consolidated affiliates (Note 4)	11,256	43,802
TOTAL SHAREHOLDERS’ EQUITY	1,824,663	1,815,578
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP/ REDEEMABLE OPERATING PARTNERSHIP UNITS AND SHAREHOLDERS’ EQUITY/CAPITAL	3,472,356	3,636,356
Excluding Timber Funds
CURRENT ASSETS
Total cash and cash equivalents	260,931	358,680
PROPERTY, PLANT AND EQUIPMENT
RESTRICTED CASH, EXCLUDING TIMBER FUNDS (NOTE 19)	16,252	625
Timber Funds
CURRENT ASSETS
Total cash and cash equivalents	873	3,493
Restricted cash, Timber Funds (Note 19)	1,464	6,341
CURRENT LIABILITIES
Distribution payable, Timber Funds	$ 1,576	$ 6,341