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RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Increase (Decrease) in Partners' Capital [Roll Forward]      
Income from continuing operations $ 340,860 $ 159,314 $ 101,304
Income from discontinued operations 28,123 19,181 21,487
Foreign currency translation adjustment (33,100) (1,516) (23,093)
Cash flow hedges (16,356) (9,957) 76,039
Distributions to noncontrolling interests in consolidated affiliates (7,120) (1,699) (12,807)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents     (27,860)
Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 1,877,602 1,880,712 1,815,578
Income from continuing operations 340,860 159,314 101,304
Income from discontinued operations 28,123 19,181 21,487
Distributions on units (444,495) [1] (202,916) [1] (169,570)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs     59,350
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs   (81)  
Issuance of units under incentive stock plans   75 2,466
Stock-based incentive compensation 14,232 14,002 12,356
Repurchase of units (18,866) (4,217) (4,225)
Adjustment of Redeemable Operating Partnership Units 15,014 (806) 24,135
Conversion of units to common shares 14,793 24,917 3,925
Pension and postretirement benefit plans 9,846 593 1,627
Foreign currency translation adjustment (33,100) (1,516) (23,093)
Cash flow hedges (16,356) (9,957) 76,039
Distributions to noncontrolling interests in consolidated affiliates (7,120) (1,699) (12,807)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents     (27,860)
Ending balance 1,780,533 1,877,602 1,880,712
Units | General Partners’ Capital | Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 18,325 18,251 17,872
Income from continuing operations 3,404 1,593 910
Income from discontinued operations 236 171 185
Distributions on units (4,445) [1] (2,029) [1] (1,696)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs     593
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs   (1)  
Issuance of units under incentive stock plans   1 25
Stock-based incentive compensation 143 140 124
Repurchase of units (189) (42) (42)
Adjustment of Redeemable Operating Partnership Units 150 (8) 241
Conversion of units to common shares 148 249 39
Ending balance 17,772 18,325 18,251
Units | Limited Partners’ Capital | Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 1,814,193 1,806,895 1,769,367
Income from continuing operations 336,946 157,768 90,039
Income from discontinued operations 23,395 16,866 18,336
Distributions on units (440,050) [1] (200,887) [1] (167,874)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs     58,757
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs   (80)  
Issuance of units under incentive stock plans   74 2,441
Stock-based incentive compensation 14,089 13,862 12,232
Repurchase of units (18,677) (4,175) (4,183)
Adjustment of Redeemable Operating Partnership Units 14,864 (798) 23,894
Conversion of units to common shares 14,645 24,668 3,886
Ending balance 1,759,405 1,814,193 1,806,895
Accumulated Other Comprehensive (Loss) Income | Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 28,018 40,249 (15,463)
Pension and postretirement benefit plans 9,846 593 1,627
Foreign currency translation adjustment (31,616) (1,466) (22,282)
Cash flow hedges (14,113) (11,358) 76,367
Ending balance (7,865) 28,018 40,249
Noncontrolling Interests in Consolidated Affiliates | Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 17,066 15,317 43,802
Income from continuing operations 510 (47) 10,355
Income from discontinued operations 4,492 2,144 2,966
Foreign currency translation adjustment (1,484) (50) (811)
Cash flow hedges (2,243) 1,401 (328)
Distributions to noncontrolling interests in consolidated affiliates (7,120) (1,699) (12,807)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents     (27,860)
Ending balance $ 11,221 $ 17,066 $ 15,317
[1] The year ended December 31, 2024 includes an additional distribution of $1.80 per unit, consisting of a combination of cash and units. The distribution was paid January 30, 2025, to holders of record on December 12, 2024. The year ended December 31, 2023 includes an additional cash distribution of $0.20 per unit. The cash distribution was paid January 12, 2024, to holders of record on December 29, 2023.