RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 216,242	$ 303,065
Restricted cash, current (Note 18)	0	19,366
Trade receivables, less allowance for doubtful accounts of $217 and $401	10,414	8,006
Other receivables	6,790	13,267
Inventory (Note 14)	33,310	30,879
Prepaid expenses	9,869	9,566
Assets held for sale (excluding discontinued operations) (Note 19)	7,356	5,371
Other current assets	54	53
Current assets of discontinued operations (Note 2)	483,353	47,320
Total current assets	767,388	436,893
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,367,109	2,384,345
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 13)	112,868	109,610
PROPERTY, PLANT AND EQUIPMENT
Land	5,581	5,581
Buildings	24,493	24,493
Machinery and equipment	4,876	4,876
Construction in progress	1,548	779
Total property, plant and equipment, gross	36,498	35,729
Less — accumulated depreciation	(18,764)	(18,297)
Total property, plant and equipment, net	17,734	17,432
RESTRICTED CASH, NON-CURRENT (NOTE 18)	677	676
RIGHT-OF-USE ASSETS	18,042	18,588
OTHER ASSETS	67,535	78,276
NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (NOTE 2)	0	428,599
TOTAL ASSETS	3,351,353	3,474,419
CURRENT LIABILITIES
Accounts payable	11,399	16,914
Accrued taxes	3,490	1,840
Accrued payroll and benefits	6,417	15,317
Accrued interest	7,671	5,228
Dividend and distribution payable	0	271,815
Deferred revenue	17,732	20,902
Other current liabilities	8,114	9,359
Current liabilities of discontinued operations (Note 2)	227,991	47,335
Total current liabilities	282,814	388,710
LONG-TERM DEBT, NET (NOTE 7)	1,044,635	1,044,410
LONG-TERM LEASE LIABILITY	15,318	16,260
LONG-TERM DEFERRED REVENUE	12,354	10,697
OTHER NON-CURRENT LIABILITIES	12,767	11,125
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (NOTE 2)	0	170,841
CONTINGENCIES (NOTE 10)
NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP (NOTE 5)	58,170	51,843
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 156,007,772 and 148,536,643 shares issued and outstanding	1,725,212	1,522,487
Retained earnings	204,180	257,254
Accumulated other comprehensive income (Note 17)	(14,304)	(10,429)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,915,088	1,769,312
Noncontrolling interests in consolidated affiliates (Note 5)	10,207	11,221
TOTAL SHAREHOLDERS’ EQUITY	1,925,295	1,780,533
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY	$ 3,351,353	$ 3,474,419