RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 892,256	$ 303,065
Restricted cash, current (Note 18)	0	19,366
Trade receivables, less allowance for doubtful accounts of $325 and $401	11,475	8,006
Other receivables	4,780	13,267
Inventory (Note 14)	33,434	30,879
Prepaid expenses	8,537	9,566
Assets held for sale (excluding discontinued operations) (Note 19)	4,666	5,371
Other current assets	4,775	53
Current assets of discontinued operations (Note 2)	0	47,320
Total current assets	959,923	436,893
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,345,249	2,384,345
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 13)	115,216	109,610
PROPERTY, PLANT AND EQUIPMENT
Land	5,581	5,581
Buildings	24,493	24,493
Machinery and equipment	5,734	4,876
Construction in progress	776	779
Total property, plant and equipment, gross	36,584	35,729
Less — accumulated depreciation	(19,245)	(18,297)
Total property, plant and equipment, net	17,339	17,432
RESTRICTED CASH, NON-CURRENT (NOTE 18)	677	676
RIGHT-OF-USE ASSETS	18,170	18,588
OTHER ASSETS	57,676	78,276
NON-CURRENT ASSETS OF DISCONTINUED OPERATIONS (NOTE 2)	0	428,599
TOTAL ASSETS	3,514,250	3,474,419
CURRENT LIABILITIES
Accounts payable	14,850	16,914
Current maturities of long-term debt, net (Note 7)	199,956	0
Accrued taxes	6,419	1,840
Accrued payroll and benefits	7,840	15,317
Accrued interest	4,610	5,228
Dividend and distribution payable	0	271,815
Deferred revenue	32,571	20,902
Other current liabilities	8,004	9,359
Current liabilities of discontinued operations (Note 2)	0	47,335
Total current liabilities	274,250	388,710
LONG-TERM DEBT, NET (NOTE 7)	844,905	1,044,410
LONG-TERM LEASE LIABILITY	15,454	16,260
LONG-TERM DEFERRED REVENUE	11,844	10,697
OTHER NON-CURRENT LIABILITIES	12,227	11,125
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS (NOTE 2)	0	170,841
CONTINGENCIES (NOTE 10)
NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP (NOTE 5)	53,353	51,843
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 154,761,232 and 148,536,643 shares issued and outstanding	1,726,418	1,522,487
Retained earnings	545,087	257,254
Accumulated other comprehensive income (Note 17)	30,712	(10,429)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	2,302,217	1,769,312
Noncontrolling interests in consolidated affiliates (Note 5)	0	11,221
TOTAL SHAREHOLDERS’ EQUITY	2,302,217	1,780,533
TOTAL LIABILITIES, NONCONTROLLING INTERESTS IN THE OPERATING PARTNERSHIP AND SHAREHOLDERS’ EQUITY	$ 3,514,250	$ 3,474,419