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RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
SALES (NOTE 4) $ 987,929 $ 788,373 $ 577,183
Costs and Expenses      
Cost of sales (547,582) (528,916) (392,297)
Selling and general expenses (74,439) (74,803) (64,739)
Other operating (expense) income, net (Note 18) (1,801) 42 15,254
Costs and Expenses (623,822) (603,677) (441,782)
OPERATING INCOME 364,107 184,696 135,401
Interest expense, net (33,756) (45,144) (33,347)
Interest and other miscellaneous income, net 9,487 20,055 2,362
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 339,838 159,607 104,416
Income tax benefit (expense) (Note 21) 1,022 (293) (3,112)
INCOME FROM CONTINUING OPERATIONS 340,860 159,314 101,304
Income from operations of discontinued operations, net of tax 28,123 19,181 21,487
NET INCOME 368,983 178,495 122,791
Less: Net income attributable to noncontrolling interests in the Operating Partnership (4,834) (2,905) (2,393)
Less: Net income attributable to noncontrolling interests in consolidated affiliates (5,002) (2,097) (13,321)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 359,147 173,493 107,077
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS      
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 (33,100) (1,516) (23,093)
Pension and postretirement benefit plans, net of income tax effect of $1,222, $0 and $0 9,846 593 1,627
Total other comprehensive (loss) income (39,610) (10,880) 54,573
COMPREHENSIVE INCOME 329,373 167,615 177,364
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership (4,356) (2,639) (3,692)
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates (1,276) (3,449) (12,182)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ 323,741 $ 161,527 $ 161,490
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.      
Continuing operations (in dollars per share) $ 2.26 $ 1.06 $ 0.61
Discontinued operations (in dollars per share) 0.16 0.11 0.12
Net Income (in dollars per share) 2.41 1.17 0.73
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.      
Continuing operations (in dollars per share) 2.24 1.05 0.61
Discontinued operations (in dollars per share) 0.16 0.11 0.12
Net Income (in dollars per share) $ 2.39 $ 1.17 $ 0.73
Continuing Operations      
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS      
Cash flow hedges, net of income tax effect of $0, $0 and $0 $ (6,610) $ (16,047) $ 77,465
Pension and postretirement benefit plans, net of income tax effect of $1,222, $0 and $0 9,846 593 1,627
Discontinued Operations      
OTHER COMPREHENSIVE INCOME (LOSS), RELATING TO CONTINUING OPERATIONS      
Cash flow hedges, net of income tax effect of $0, $0 and $0 (9,746) 6,090 (1,426)
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 $ (33,100) $ (1,516) $ (23,093)