RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 107,784	$ 114,255
Trade receivables, less allowance for doubtful accounts of $217 and $74	31,447	27,837
Other receivables	9,894	14,701
Inventory (Note 13)	33,139	23,729
Prepaid expenses	20,415	20,573
Assets held for sale (Note 19)	18,320	713
Other current assets	1,929	573
Total current assets	222,928	202,381
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	3,138,136	3,230,904
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 12)	106,657	115,097
PROPERTY, PLANT AND EQUIPMENT
Land	6,453	6,453
Buildings	30,121	31,020
Machinery and equipment	6,581	6,568
Construction in progress	1,331	653
Total property, plant and equipment, gross	44,486	44,694
Less — accumulated depreciation	(18,478)	(17,505)
Total property, plant and equipment, net	26,008	27,189
RESTRICTED CASH (NOTE 18)	1,804	1,152
RIGHT-OF-USE ASSETS	92,736	97,167
OTHER ASSETS	119,480	115,481
TOTAL ASSETS	3,707,749	3,789,371
CURRENT LIABILITIES
Accounts payable	25,960	22,100
Accrued taxes	8,920	3,734
Accrued payroll and benefits	10,443	12,564
Accrued interest	10,605	5,920
Deferred revenue	23,835	22,762
Other current liabilities	30,856	28,247
Total current liabilities	110,619	95,327
LONG-TERM DEBT, NET (NOTE 6)	1,511,470	1,514,721
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 15)	8,356	8,510
LONG-TERM LEASE LIABILITY	85,111	88,756
LONG-TERM DEFERRED REVENUE	11,317	6,895
OTHER NON-CURRENT LIABILITIES	78,744	88,687
CONTINGENCIES (NOTE 9)
REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 2,453,269 and 3,208,827 Units outstanding, respectively	69,820	105,763
CAPITAL
Accumulated other comprehensive income (Note 17)	27,504	35,813
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY	3,707,749	3,789,371
Rayonier Limited Partnership
CURRENT ASSETS
Cash and cash equivalents	107,784	114,255
Trade receivables, less allowance for doubtful accounts of $217 and $74	31,447	27,837
Other receivables	9,894	14,701
Inventory (Note 13)	33,139	23,729
Prepaid expenses	20,415	20,573
Assets held for sale (Note 19)	18,320	713
Other current assets	1,929	573
Total current assets	222,928	202,381
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	3,138,136	3,230,904
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 12)	106,657	115,097
PROPERTY, PLANT AND EQUIPMENT
Land	6,453	6,453
Buildings	30,121	31,020
Machinery and equipment	6,581	6,568
Construction in progress	1,331	653
Total property, plant and equipment, gross	44,486	44,694
Less — accumulated depreciation	(18,478)	(17,505)
Total property, plant and equipment, net	26,008	27,189
RESTRICTED CASH (NOTE 18)	1,804	1,152
RIGHT-OF-USE ASSETS	92,736	97,167
OTHER ASSETS	119,480	115,481
TOTAL ASSETS	3,707,749	3,789,371
CURRENT LIABILITIES
Accounts payable	25,960	22,100
Accrued taxes	8,920	3,734
Accrued payroll and benefits	10,443	12,564
Accrued interest	10,605	5,920
Deferred revenue	23,835	22,762
Other current liabilities	30,856	28,247
Total current liabilities	110,619	95,327
LONG-TERM DEBT, NET (NOTE 6)	1,511,470	1,514,721
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 15)	8,356	8,510
LONG-TERM LEASE LIABILITY	85,111	88,756
LONG-TERM DEFERRED REVENUE	11,317	6,895
OTHER NON-CURRENT LIABILITIES	78,744	88,687
REDEEMABLE OPERATING PARTNERSHIP UNITS (NOTE 4) 2,453,269 and 3,208,827 Units outstanding, respectively	69,820	105,763
CAPITAL
General partners’ capital	17,852	18,251
Limited partners’ capital	1,767,335	1,806,895
Accumulated other comprehensive income (Note 17)	30,924	40,249
TOTAL CONTROLLING INTEREST CAPITAL	1,816,111	1,865,395
Noncontrolling interests in consolidated affiliates (Note 4)	16,201	15,317
TOTAL CAPITAL	1,832,312	1,880,712
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY	$ 3,707,749	$ 3,789,371