XML 25 R10.htm IDEA: XBRL DOCUMENT v3.25.1
RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
SALES (NOTE 4) $ 82,922 $ 113,704
Costs and Expenses    
Cost of sales (64,952) (86,123)
Selling and general expenses (16,692) (18,980)
Other operating (expense) income, net (Note 15) (1,219) 31
Costs and expenses (82,863) (105,072)
OPERATING INCOME 59 8,632
Interest expense, net (6,394) (8,948)
Interest income 2,876 1,895
Other miscellaneous expense, net (1,842) (7,080)
INCOME BEFORE INCOME TAXES (5,301) (5,501)
Income tax (expense) benefit (Note 16) (291) 991
LOSS FROM CONTINUING OPERATIONS (5,592) (4,510)
Income from discontinued operations, net of tax 2,507 6,816
NET (LOSS) INCOME (3,085) 2,306
Less: Net income attributable to noncontrolling interests in consolidated affiliates (385) (929)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. (3,424) 1,357
OTHER COMPREHENSIVE INCOME (LOSS)    
Pension and postretirement benefit plans, net of income tax expense of $0 and $1,222 (2) 9,562
Foreign currency translation adjustment, net of income tax effect of $0 and $0 3,633 (16,951)
Total other comprehensive (loss) income (3,416) (4,423)
COMPREHENSIVE INCOME (6,501) (2,117)
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates (897) 947
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ (7,300) $ (1,153)
BASIC (LOSS) EARNINGS PER UNIT ATTRIBUTABLE TO RAYONIER L.P.    
Continuing operations (in dollars per share) $ (0.04) $ (0.03)
Discontinued operations (in dollars per share) 0.01 0.04
Net Income (in dollars per share) (0.02) 0.01
DILUTED (LOSS) EARNINGS PER UNIT ATTRIBUTABLE TO RAYONIER L.P.    
Continuing operations (in dollars per share) (0.04) (0.03)
Discontinued operations (in dollars per share) 0.01 0.04
Net Income (in dollars per share) $ (0.02) $ 0.01
Continuing Operations    
OTHER COMPREHENSIVE INCOME (LOSS)    
Cash flow hedges $ (8,758) $ 7,763
Pension and postretirement benefit plans, net of income tax expense of $0 and $1,222 (2) 9,562
Discontinued Operations    
OTHER COMPREHENSIVE INCOME (LOSS)    
Cash flow hedges 1,711 (4,797)
Foreign currency translation adjustment, net of income tax effect of $0 and $0 3,633 (16,951)
Rayonier Limited Partnership    
SALES (NOTE 4) 82,922 113,704
Costs and Expenses    
Cost of sales (64,952) (86,123)
Selling and general expenses (16,692) (18,980)
Other operating (expense) income, net (Note 15) (1,219) 31
Costs and expenses (82,863) (105,072)
OPERATING INCOME 59 8,632
Interest expense, net (6,394) (8,948)
Interest income 2,876 1,895
Other miscellaneous expense, net (1,842) (7,080)
INCOME BEFORE INCOME TAXES (5,301) (5,501)
Income tax (expense) benefit (Note 16) (291) 991
LOSS FROM CONTINUING OPERATIONS (5,592) (4,510)
Income from discontinued operations, net of tax 2,507 6,816
NET (LOSS) INCOME (3,085) 2,306
Less: Net income attributable to noncontrolling interests in consolidated affiliates (385) (929)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. (3,470) 1,377
OTHER COMPREHENSIVE INCOME (LOSS)    
Pension and postretirement benefit plans, net of income tax expense of $0 and $1,222 (2) 9,562
Foreign currency translation adjustment, net of income tax effect of $0 and $0 3,633 (16,951)
Total other comprehensive (loss) income (3,416) (4,423)
COMPREHENSIVE INCOME (6,501) (2,117)
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates (897) 947
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ (7,398) $ (1,170)
BASIC (LOSS) EARNINGS PER UNIT ATTRIBUTABLE TO RAYONIER L.P.    
Continuing operations (in dollars per share) $ (0.04) $ (0.03)
Discontinued operations (in dollars per share) 0.01 0.04
Net Income (in dollars per share) (0.02) 0.01
DILUTED (LOSS) EARNINGS PER UNIT ATTRIBUTABLE TO RAYONIER L.P.    
Continuing operations (in dollars per share) (0.04) (0.03)
Discontinued operations (in dollars per share) 0.01 0.04
Net Income (in dollars per share) $ (0.02) $ 0.01
Rayonier Limited Partnership | Continuing Operations    
OTHER COMPREHENSIVE INCOME (LOSS)    
Cash flow hedges $ (8,758) $ 7,763
Pension and postretirement benefit plans, net of income tax expense of $0 and $1,222 (2) 9,562
Rayonier Limited Partnership | Discontinued Operations    
OTHER COMPREHENSIVE INCOME (LOSS)    
Cash flow hedges 1,711 (4,797)
Foreign currency translation adjustment, net of income tax effect of $0 and $0 3,633 (16,951)
Rayonier Limited Partnership | Limited Partners    
Costs and Expenses    
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. (3,435) 1,363
Rayonier Limited Partnership | General Partners    
Costs and Expenses    
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. $ (35) $ 14