Company Quick10K Filing
Rayonier
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 130 $3,980
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-09 Quarter: 2019-06-30
10-Q 2019-05-03 Quarter: 2019-03-31
10-K 2019-02-22 Annual: 2018-12-31
10-Q 2018-11-02 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-02-23 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-02-24 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-04-30 Quarter: 2014-03-31
10-Q 2014-11-10 Quarter: 2013-12-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-30
10-Q 2013-07-26 Quarter: 2013-06-30
10-Q 2013-04-26 Quarter: 2013-03-31
10-K 2013-02-26 Annual: 2012-12-31
10-Q 2012-10-26 Quarter: 2012-09-30
10-Q 2012-07-27 Quarter: 2012-06-30
10-Q 2012-04-25 Quarter: 2012-03-31
10-Q 2011-10-28 Quarter: 2011-09-30
10-Q 2011-07-28 Quarter: 2011-06-30
10-Q 2011-04-26 Quarter: 2011-03-31
10-K 2011-02-23 Annual: 2010-12-31
10-Q 2010-10-28 Quarter: 2010-09-30
10-Q 2010-07-30 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-02-24 Annual: 2009-12-31
8-K 2020-01-14 Enter Agreement, Exhibits
8-K 2019-10-30 Earnings, Exhibits
8-K 2019-09-26 Regulation FD, Exhibits
8-K 2019-08-07 Earnings, Exhibits
8-K 2019-05-16 Shareholder Vote
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-02-06 Earnings, Exhibits
8-K 2018-10-31 Earnings, Exhibits
8-K 2018-08-17 Other Events, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-05-17 Shareholder Vote
8-K 2018-05-02 Earnings, Exhibits
8-K 2018-02-07 Earnings, Exhibits
RYN 2019-09-30
Part I. Financial Information
Item 1. Financial Statements
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A")
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-31.1 rayonierex3113q2019.htm
EX-31.2 rayonierex3123q2019.htm
EX-32 rayonierex323q2019.htm

Rayonier Earnings 2019-09-30

RYN 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
EGP 4,223 2,295 1,286 314 0 46 180 4,223 0% 23.5 2%
COR 4,209 2,001 1,725 560 298 103 286 5,523 53% 19.3 5%
CUZ 4,159 6,677 2,307 516 342 56 286 5,987 66% 20.9 1%
RHP 4,065 3,852 3,417 1,431 577 251 538 3,896 40% 7.2 7%
PEB 4,045 6,833 3,126 808 294 -5 212 6,475 36% 30.5 -0%
HPT 4,021 7,178 4,520 2,289 885 243 848 3,967 39% 4.7 3%
EQC 4,014 3,702 67 165 0 501 560 831 0% 1.5 14%
RYN 3,980 2,861 1,360 743 177 84 261 4,821 24% 18.5 3%
OUT 3,880 5,665 4,530 1,698 0 160 483 5,650 0% 11.7 3%
STAG 3,815 3,462 1,499 375 0 76 301 5,203 0% 17.3 2%

Document
false--12-31Q320190000052827P3MP12MP35YP35Y0.750.258000240000.250.270.270.270.270.274800000004800000001294886751293118931294886751293118930.040.0370.0375P1YP30YP30Y401000201200088800064400000007110007110000000 0000052827 2019-01-01 2019-09-30 0000052827 2019-10-25 0000052827 2018-01-01 2018-09-30 0000052827 2019-07-01 2019-09-30 0000052827 2018-07-01 2018-09-30 0000052827 2018-12-31 0000052827 2019-09-30 0000052827 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000052827 us-gaap:RetainedEarningsMember 2019-03-31 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0000052827 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0000052827 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0000052827 us-gaap:RetainedEarningsMember 2018-12-31 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0000052827 2019-04-01 2019-06-30 0000052827 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-12-31 0000052827 us-gaap:NoncontrollingInterestMember 2019-06-30 0000052827 us-gaap:NoncontrollingInterestMember 2018-12-31 0000052827 2019-01-01 2019-03-31 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-09-30 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0000052827 2019-06-30 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-06-30 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-03-31 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0000052827 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0000052827 us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000052827 us-gaap:RetainedEarningsMember 2019-06-30 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0000052827 2019-03-31 0000052827 us-gaap:NoncontrollingInterestMember 2019-03-31 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000052827 us-gaap:RetainedEarningsMember 2019-09-30 0000052827 us-gaap:NoncontrollingInterestMember 2019-09-30 0000052827 us-gaap:NoncontrollingInterestMember 2018-04-01 2018-06-30 0000052827 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0000052827 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000052827 2018-04-01 2018-06-30 0000052827 2018-01-01 2018-03-31 0000052827 2018-09-30 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-03-31 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000052827 2018-06-30 0000052827 2017-12-31 0000052827 us-gaap:NoncontrollingInterestMember 2018-06-30 0000052827 us-gaap:AccountingStandardsUpdate201802Member us-gaap:RetainedEarningsMember 2018-07-01 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0000052827 us-gaap:NoncontrollingInterestMember 2017-12-31 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0000052827 us-gaap:RetainedEarningsMember 2018-03-31 0000052827 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0000052827 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-03-31 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0000052827 us-gaap:RetainedEarningsMember 2018-09-30 0000052827 us-gaap:AccountingStandardsUpdate201802Member 2018-07-01 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-09-30 0000052827 us-gaap:RetainedEarningsMember 2017-12-31 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2018-06-30 0000052827 us-gaap:RetainedEarningsMember 2018-06-30 0000052827 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2017-12-31 0000052827 2018-03-31 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0000052827 us-gaap:NoncontrollingInterestMember 2018-09-30 0000052827 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0000052827 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000052827 us-gaap:AccountingStandardsUpdate201802Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 0000052827 us-gaap:NoncontrollingInterestMember 2018-03-31 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:AgencyFeeIncomeMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:RealEstateSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:RealEstateOtherMember ryn:RealEstateSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:ImprovedDevelopmentMember ryn:RealEstateSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:OtherNonTimberCarbonRevenueMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:RuralMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:RealEstateSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:PulpwoodMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:NonStrategicTimberlandsMember 2018-07-01 2018-09-30 0000052827 us-gaap:IntersegmentEliminationMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:RuralMember ryn:RealEstateSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:UnimprovedDevelopmentMember ryn:RealEstateSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:NontimberMember 2019-07-01 2019-09-30 0000052827 ryn:HardwoodMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:NonStrategicTimberlandsMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:PulpwoodMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:LicenseRevenuePrimarilyFromHuntingMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:TimberMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:RealEstateSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:TimberMember 2018-07-01 2018-09-30 0000052827 ryn:SawtimberMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:UnimprovedDevelopmentMember 2018-07-01 2018-09-30 0000052827 ryn:OtherNonTimberCarbonRevenueMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NonStrategicTimberlandsMember ryn:RealEstateSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:ImprovedDevelopmentMember ryn:RealEstateSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:RuralMember 2019-07-01 2019-09-30 0000052827 ryn:AgencyFeeIncomeMember 2019-07-01 2019-09-30 0000052827 ryn:NontimberMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:LicenseRevenuePrimarilyFromHuntingMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0000052827 us-gaap:RealEstateOtherMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NonStrategicTimberlandsMember ryn:RealEstateSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:ImprovedDevelopmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:SawtimberMember 2019-07-01 2019-09-30 0000052827 ryn:HardwoodMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:RealEstateSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:RuralMember ryn:RealEstateSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:ImprovedDevelopmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:IntersegmentEliminationMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember 2018-07-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpagePayAsCutMember 2018-07-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember 2019-07-01 2019-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:PacificNorthwestTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:NewZealandTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:NewZealandTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:PacificNorthwestTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:SouthernTimberSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember ryn:TradingSegmentMember 2019-07-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:SouthernTimberSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageMember ryn:TradingSegmentMember 2018-07-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:TimberMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpagePayAsCutMember 2018-01-01 2018-09-30 0000052827 ryn:StumpageMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpageMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageLumpSumMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember 2018-01-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember 2019-01-01 2019-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember 2018-01-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpagePayAsCutMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:TimberMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionDomesticMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:StumpageLumpSumMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:StumpageMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:DeliveredWoodMember us-gaap:GeographicDistributionForeignMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:TimberMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:LicenseRevenuePrimarilyFromHuntingMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:RealEstateSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:NontimberMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:RealEstateSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:NonStrategicTimberlandsMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:IntersegmentEliminationMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:RealEstateSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NonStrategicTimberlandsMember ryn:RealEstateSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:LicenseRevenuePrimarilyFromHuntingMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:PulpwoodMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:RuralMember ryn:RealEstateSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:AgencyFeeIncomeMember 2018-01-01 2018-09-30 0000052827 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0000052827 us-gaap:RealEstateOtherMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NonStrategicTimberlandsMember ryn:RealEstateSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:AgencyFeeIncomeMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:UnimprovedDevelopmentMember ryn:RealEstateSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:RuralMember 2019-01-01 2019-09-30 0000052827 ryn:ImprovedDevelopmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:RuralMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:SawtimberMember 2018-01-01 2018-09-30 0000052827 ryn:RealEstateSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:ImprovedDevelopmentMember 2019-01-01 2019-09-30 0000052827 ryn:OtherNonTimberCarbonRevenueMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:NewZealandTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:ImprovedDevelopmentMember ryn:RealEstateSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:HardwoodMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember us-gaap:RealEstateOtherMember ryn:RealEstateSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:OtherNonTimberCarbonRevenueMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PulpwoodMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:NonStrategicTimberlandsMember 2018-01-01 2018-09-30 0000052827 ryn:NontimberMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:RuralMember ryn:RealEstateSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:OtherNonTimberCarbonRevenueMember ryn:NewZealandTimberSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:PulpwoodMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:PacificNorthwestTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:UnimprovedDevelopmentMember ryn:RealEstateSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:HardwoodMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:LicenseRevenuePrimarilyFromHuntingMember ryn:SouthernTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:ImprovedDevelopmentMember ryn:RealEstateSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:IntersegmentEliminationMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:UnimprovedDevelopmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:TradingSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:AgencyFeeIncomeMember ryn:TradingSegmentMember 2018-01-01 2018-09-30 0000052827 ryn:UnimprovedDevelopmentMember 2018-01-01 2018-09-30 0000052827 ryn:HardwoodMember 2018-01-01 2018-09-30 0000052827 ryn:SawtimberMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:PacificNorthwestTimberSegmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:SawtimberMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:OperatingSegmentsMember ryn:NontimberMember ryn:SouthernTimberSegmentMember 2018-01-01 2018-09-30 0000052827 srt:MaximumMember country:US us-gaap:TimberPropertiesMember 2019-09-30 0000052827 country:NZ ryn:MatarikiCrownForestLicensesMember 2019-09-30 0000052827 srt:MaximumMember ryn:MatarikiCrownForestLicensesMember us-gaap:TimberPropertiesMember 2019-01-01 2019-09-30 0000052827 srt:MaximumMember country:NZ us-gaap:TimberPropertiesMember 2019-09-30 0000052827 ryn:MatarikiCrownForestLicensesMember 2019-09-30 0000052827 ryn:MatarikiCrownForestLicensesMember us-gaap:TimberPropertiesMember 2019-01-01 2019-09-30 0000052827 srt:MinimumMember country:NZ us-gaap:TimberPropertiesMember 2019-09-30 0000052827 srt:MinimumMember ryn:MatarikiCrownForestLicensesMember us-gaap:TimberPropertiesMember 2019-01-01 2019-09-30 0000052827 srt:MinimumMember country:US us-gaap:TimberPropertiesMember 2019-09-30 0000052827 ryn:MatarikiForestryGroupMember 2019-09-30 0000052827 ryn:RayonierMember ryn:MatarikiForestryGroupMember 2019-09-30 0000052827 us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0000052827 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0000052827 us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0000052827 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0000052827 ryn:TermCreditAgreementdue2024Member 2019-01-01 2019-09-30 0000052827 ryn:IncrementalTermLoanAgreementBorrowingsDue2026Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-09-30 0000052827 ryn:UnsecuredRevolvingCreditAgreementExpiring2020Member ryn:RevolvingCreditFacilityDue2020Member 2019-01-01 2019-09-30 0000052827 ryn:UnsecuredRevolvingCreditAgreementExpiring2020Member ryn:RevolvingCreditFacilityDue2020Member 2019-09-30 0000052827 ryn:WorkingCapitalFacilityMember 2019-09-30 0000052827 ryn:IncrementalTermLoanAgreementBorrowingsDue2026Member 2019-09-30 0000052827 ryn:TermCreditAgreementdue2024Member us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-09-30 0000052827 ryn:WorkingCapitalFacilityMember 2019-01-01 2019-09-30 0000052827 ryn:TermCreditAgreementdue2024Member 2019-09-30 0000052827 ryn:IncrementalTermLoanAgreementBorrowingsDue2026Member 2019-01-01 2019-09-30 0000052827 ryn:UnsecuredRevolvingCreditAgreementExpiring2020Member ryn:RevolvingCreditFacilityDue2020Member us-gaap:StandbyLettersOfCreditMember 2019-09-30 0000052827 ryn:SeniorNotesdue2022Member 2019-09-30 0000052827 ryn:RealEstateDevelopmentCostsMember 2018-12-31 0000052827 ryn:RealEstateDevelopmentCostsMember 2019-01-01 2019-09-30 0000052827 ryn:LandandTimberMember 2019-01-01 2019-09-30 0000052827 ryn:LandandTimberMember 2019-09-30 0000052827 ryn:RealEstateDevelopmentCostsMember 2019-09-30 0000052827 ryn:LandandTimberMember 2018-12-31 0000052827 us-gaap:PensionPlansDefinedBenefitMember 2019-09-30 0000052827 us-gaap:CommitmentsMember 2019-09-30 0000052827 ryn:DevelopmentProjectsMember 2019-09-30 0000052827 us-gaap:FinancialStandbyLetterOfCreditMember 2019-09-30 0000052827 us-gaap:GuaranteeTypeOtherMember 2019-09-30 0000052827 us-gaap:StockCompensationPlanMember 2019-07-01 2019-09-30 0000052827 us-gaap:StockCompensationPlanMember 2018-01-01 2018-09-30 0000052827 us-gaap:StockCompensationPlanMember 2018-07-01 2018-09-30 0000052827 us-gaap:StockCompensationPlanMember 2019-01-01 2019-09-30 0000052827 ryn:NewZealandJVMember srt:MaximumMember 2019-09-30 0000052827 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000052827 ryn:NewZealandJVMember ryn:ForeignCurrencyExchangeandOptionContractsScale2Member 2019-01-01 2019-09-30 0000052827 ryn:NewZealandJVMember srt:MaximumMember ryn:ForeignCurrencyExchangeandOptionContractsScale3Member 2019-01-01 2019-09-30 0000052827 ryn:NewZealandJVMember srt:MinimumMember 2019-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:CommodityOptionMember us-gaap:NondesignatedMember 2018-12-31 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-12-31 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-30 0000052827 us-gaap:CommodityOptionMember us-gaap:NondesignatedMember 2019-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000052827 us-gaap:CommodityOptionMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-07-01 2019-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-07-01 2019-09-30 0000052827 us-gaap:CommodityOptionMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-07-01 2018-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-07-01 2018-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0000052827 us-gaap:OtherAssetsMember 2018-12-31 0000052827 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityOptionMember us-gaap:NondesignatedMember 2018-12-31 0000052827 us-gaap:OtherAssetsMember us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:OtherCurrentLiabilitiesMember 2018-12-31 0000052827 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember 2019-09-30 0000052827 us-gaap:OtherNoncurrentLiabilitiesMember 2018-12-31 0000052827 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:OtherAssetsMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-30 0000052827 us-gaap:OtherCurrentLiabilitiesMember us-gaap:CommodityOptionMember us-gaap:NondesignatedMember 2019-09-30 0000052827 us-gaap:OtherAssetsMember 2019-09-30 0000052827 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-12-31 0000052827 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-12-31 0000052827 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember 2018-12-31 0000052827 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-30 0000052827 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:OtherAssetsMember us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:OtherAssetsMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000052827 us-gaap:OtherNoncurrentLiabilitiesMember 2019-09-30 0000052827 us-gaap:OtherCurrentLiabilitiesMember 2019-09-30 0000052827 us-gaap:OtherCurrentLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 ryn:InterestRateSwap1Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 ryn:InterestRateSwap4Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 ryn:InterestRateSwap2Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 ryn:InterestRateSwap3Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 ryn:InterestRateSwap5Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000052827 ryn:InterestRateSwap5Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0000052827 ryn:InterestRateSwap2Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000052827 ryn:InterestRateSwap4Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000052827 ryn:InterestRateSwap1Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000052827 ryn:InterestRateSwap3Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-01-01 2019-09-30 0000052827 us-gaap:CommodityOptionMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-01-01 2018-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-01-01 2018-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:NetInvestmentHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0000052827 us-gaap:CommodityOptionMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-01-01 2019-09-30 0000052827 ryn:NewZealandJVMember srt:MinimumMember ryn:ForeignCurrencyExchangeandOptionContractsScale3Member 2019-01-01 2019-09-30 0000052827 ryn:NewZealandJVMember srt:MinimumMember ryn:ForeignCurrencyExchangeandOptionContractsScale2Member 2019-01-01 2019-09-30 0000052827 us-gaap:CommodityOptionMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:CommodityOptionMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:CommodityOptionMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:CommodityOptionMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:CommodityOptionMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:FairValueInputsLevel1Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:CommodityOptionMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000052827 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-07-01 2019-09-30 0000052827 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-07-01 2018-09-30 0000052827 us-gaap:PensionPlansDefinedBenefitMember 2019-07-01 2019-09-30 0000052827 us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-30 0000052827 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000052827 us-gaap:PensionPlansDefinedBenefitMember 2019-09-30 0000052827 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-30 0000052827 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-09-30 0000052827 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-09-30 0000052827 ryn:RealEstateInventoryMember 2019-09-30 0000052827 ryn:RealEstateInventoryMember 2018-12-31 0000052827 ryn:LogInventoryMember 2018-12-31 0000052827 ryn:LogInventoryMember 2019-09-30 0000052827 ryn:HeldinescrowMember 2019-09-30 0000052827 ryn:DepositedwithintermediaryMember 2019-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000052827 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000052827 us-gaap:ForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000052827 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000052827 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeNoncontrollingInterestMember 2019-01-01 2019-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000052827 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0000052827 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeNoncontrollingInterestMember 2018-01-01 2018-09-30 0000052827 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000052827 us-gaap:ForeignExchangeOptionMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-01-01 2018-09-30 0000052827 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-12-31 0000052827 ryn:AccumulatedNetGainLossfromDesignatedorQualifiedInvestmentHedgesMember 2018-12-31 0000052827 ryn:AccumulatedNetGainLossfromDesignatedorQualifiedInvestmentHedgesMember 2019-01-01 2019-09-30 0000052827 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-12-31 0000052827 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0000052827 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-01-01 2018-12-31 0000052827 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-09-30 0000052827 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0000052827 ryn:AccumulatedNetGainLossfromDesignatedorQualifiedInvestmentHedgesMember 2017-12-31 0000052827 ryn:AccumulatedNetGainLossfromDesignatedorQualifiedInvestmentHedgesMember 2018-01-01 2018-12-31 0000052827 2018-01-01 2018-12-31 0000052827 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-12-31 0000052827 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2017-12-31 0000052827 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0000052827 ryn:AccumulatedNetGainLossfromDesignatedorQualifiedInvestmentHedgesMember 2019-09-30 0000052827 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-12-31 0000052827 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0000052827 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-09-30 0000052827 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-09-30 0000052827 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0000052827 us-gaap:InterestRateSwapMember us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-09-30 0000052827 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0000052827 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0000052827 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0000052827 srt:ConsolidationEliminationsMember 2019-07-01 2019-09-30 0000052827 srt:ConsolidationEliminationsMember 2019-01-01 2019-09-30 0000052827 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0000052827 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0000052827 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0000052827 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-09-30 0000052827 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-12-31 0000052827 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-12-31 0000052827 srt:ConsolidationEliminationsMember 2019-09-30 0000052827 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-09-30 0000052827 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-12-31 0000052827 srt:ConsolidationEliminationsMember 2018-12-31 0000052827 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-09-30 0000052827 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0000052827 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0000052827 srt:ConsolidationEliminationsMember 2018-07-01 2018-09-30 0000052827 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0000052827 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0000052827 srt:ConsolidationEliminationsMember 2018-01-01 2018-09-30 0000052827 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0000052827 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0000052827 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-09-30 0000052827 srt:ConsolidationEliminationsMember 2018-09-30 0000052827 srt:ConsolidationEliminationsMember 2017-12-31 0000052827 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2017-12-31 0000052827 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-09-30 0000052827 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2017-12-31 0000052827 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-09-30 0000052827 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2017-12-31 0000052827 ryn:SeniorNotesDue2022AtFixedInterestRateOf375Member 2012-03-31 0000052827 2018-08-01 2018-08-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares ryn:pension_plan xbrli:pure utreg:acre iso4217:NZD ryn:lease
Table of Contents



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
    
For the transition period from              to             
Commission File Number 1-6780
logocolor450pxwidthpnga19.jpg
RAYONIER INC.
(Exact name of registrant as specified in its charter)
Incorporated in the State of North Carolina
I.R.S. Employer Identification No. 13-2607329
1 RAYONIER WAY
WILDLIGHT, FL 32097
(Principal Executive Office)
Telephone Number: (904357-9100

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each class
Trading Symbol
Exchange
COMMON SHARES, NO PAR VALUE
RYN
New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes         No  
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
Yes        No  
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large Accelerated Filer
 
Accelerated Filer 
 
 
Non-accelerated Filer

  
Smaller Reporting Company 
Emerging Growth Company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes         No  

As of October 25, 2019, there were outstanding 129,313,473 Common Shares of the registrant.


Table of Contents

TABLE OF CONTENTS
 
Item
 
 
Page
 
 
PART I - FINANCIAL INFORMATION
 
1.
 
 
 
 
 
 
 
 
 
 
 
2.
 
3.
 
4.
 
 
 
PART II - OTHER INFORMATION
 
1.
 
2.
 
6.
 
 
 
 

i


Table of Contents

PART I.        FINANCIAL INFORMATION

Item 1.         Financial Statements

RAYONIER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
AND COMPREHENSIVE INCOME
(Unaudited)
(Dollars in thousands, except per share amounts)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
SALES (NOTE 2)

$156,417

 

$200,890

 

$532,764

 

$649,991

Costs and Expenses
 
 
 
 
 
 
 
Cost of sales
(134,463
)
 
(143,261
)
 
(418,169
)
 
(466,167
)
Selling and general expenses
(10,102
)
 
(10,800
)
 
(30,896
)
 
(31,304
)
Other operating (expense) income, net (Note 16)
(865
)
 
(451
)
 
(2,799
)
 
2,577


(145,430
)
 
(154,512
)
 
(451,864
)
 
(494,894
)
OPERATING INCOME
10,987

 
46,378

 
80,900

 
155,097

Interest expense
(7,996
)
 
(7,838
)
 
(23,629
)
 
(23,992
)
Interest and other miscellaneous income, net
788

 
495

 
3,178

 
4,020

INCOME BEFORE INCOME TAXES
3,779

 
39,035

 
60,449

 
135,125

Income tax expense (Note 9)
(2,251
)
 
(8,396
)
 
(10,208
)
 
(22,443
)
NET INCOME
1,528

 
30,639

 
50,241

 
112,682

Less: Net income attributable to noncontrolling interest
(1,961
)
 
(7,207
)
 
(7,129
)
 
(12,453
)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.
(433
)
 
23,432

 
43,112

 
100,229

OTHER COMPREHENSIVE (LOSS) INCOME
 
 
 
 
 
 
 
Foreign currency translation adjustment, net of income tax expense of $0, $0, $0 and $0
(28,524
)
 
(10,527
)
 
(28,095
)
 
(30,599
)
Cash flow hedges, net of income tax (benefit) expense of ($888), ($401), ($644) and ($2,012)
(12,424
)
 
4,142

 
(42,629
)
 
21,285

Amortization of pension and postretirement plans, net of income tax expense of $0, $711, $0 and $711
112

 
(542
)
 
337

 
(204
)
Total other comprehensive (loss)
(40,836
)
 
(6,927
)
 
(70,387
)
 
(9,518
)
COMPREHENSIVE (LOSS) INCOME
(39,308
)
 
23,712

 
(20,146
)
 
103,164

Less: Comprehensive loss (income) attributable to noncontrolling interest
5,169

 
(4,533
)
 
(197
)
 
(4,004
)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC.

($34,139
)
 

$19,179

 

($20,343
)
 

$99,160

(LOSS) EARNINGS PER COMMON SHARE (NOTE 12)
 
 
 
 
 
 
 
Basic (loss) earnings per share attributable to Rayonier Inc.

 

$0.18

 

$0.33

 

$0.78

Diluted (loss) earnings per share attributable to Rayonier Inc.

 

$0.18

 

$0.33

 

$0.77


See Notes to Consolidated Financial Statements.
 
 
 
 
 


1


Table of Contents

RAYONIER INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Dollars in thousands)
 
September 30, 2019
 
December 31, 2018
ASSETS
CURRENT ASSETS
 
 
 
Cash and cash equivalents

$56,946

 

$148,374

Accounts receivable, less allowance for doubtful accounts of $24 and $8
26,059

 
26,151

Inventory (Note 17)
8,352

 
15,703

Prepaid expenses
14,894

 
17,016

Other current assets
279

 
609

Total current assets
106,530

 
207,853

TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION
2,408,310

 
2,401,327

HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT
     INVESTMENTS (NOTE 7)
89,456

 
85,609

PROPERTY, PLANT AND EQUIPMENT
 
 
 
Land
4,131

 
4,131

Buildings
22,345

 
22,503

Machinery and equipment
3,680

 
3,534

Construction in progress
1,223

 
567

Total property, plant and equipment, gross
31,379

 
30,735

Less — accumulated depreciation
(9,179
)
 
(7,984
)
Total property, plant and equipment, net
22,200

 
22,751

RESTRICTED CASH (NOTE 18)
2,988

 
8,080

RIGHT-OF-USE ASSETS (NOTE 3)
97,432

 

OTHER ASSETS
40,162

 
55,046

TOTAL ASSETS

$2,767,078

 

$2,780,666

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
 
 
 
Accounts payable

$19,556

 

$18,019

Accrued taxes
8,096

 
3,178

Accrued payroll and benefits
6,559

 
10,416

Accrued interest
7,976

 
5,007

Deferred revenue
15,320

 
10,447

Other current liabilities
26,262

 
16,474

Total current liabilities
83,769

 
63,541

LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS (NOTE 6)
972,989

 
972,567

PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 15)
23,953

 
29,800

LONG-TERM LEASE LIABILITY (NOTE 3)
88,387

 

OTHER NON-CURRENT LIABILITIES
82,359

 
60,208

COMMITMENTS AND CONTINGENCIES (NOTES 8 and 10)

 

SHAREHOLDERS’ EQUITY
 
 
 
Common Shares, 480,000,000 shares authorized,129,311,893 and 129,488,675 shares issued and outstanding
886,229

 
884,263

Retained earnings
602,051

 
672,371

Accumulated other comprehensive (loss) income (Note 19)
(63,216
)
 
239

TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY
1,425,064

 
1,556,873

Noncontrolling interest
90,557

 
97,677

TOTAL SHAREHOLDERS’ EQUITY
1,515,621

 
1,654,550

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$2,767,078

 

$2,780,666


See Notes to Consolidated Financial Statements.

2


Table of Contents

RAYONIER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(Unaudited)
(Dollars in thousands, except share data)

 
Common Shares
 
Retained
Earnings
 
Accumulated
Other
Comprehensive (Loss) Income
 
Non-controlling Interest
 
Shareholders’
Equity
 
Shares
 
Amount
 
Balance, January 1, 2019
129,488,675

 

$884,263

 

$672,371

 

$239

 

$97,677

 

$1,654,550

Net income

 

 
24,794

 

 
2,999

 
27,793

Dividends ($0.27 per share)

 

 
(35,049
)
 

 

 
(35,049
)
Issuance of shares under incentive stock plans
26,031

 
597

 

 

 

 
597

Stock-based compensation

 
1,477

 

 

 

 
1,477

Repurchase of common shares
(1,140
)
 
(33
)
 

 

 

 
(33
)
Amortization of pension and postretirement plan liabilities

 

 

 
112

 

 
112

Foreign currency translation adjustment

 

 

 
4,680

 
1,353

 
6,033

Cash flow hedges

 

 

 
(10,884
)
 
198

 
(10,686
)
Distribution to minority shareholder

 

 

 

 
(3,594
)
 
(3,594
)
Balance, March 31, 2019
129,513,566

 

$886,304

 

$662,116

 

($5,853
)
 

$98,633

 

$1,641,200

Net income

 

 
18,752

 

 
2,168

 
20,920

Dividends ($0.27 per share)

 

 
(35,125
)
 

 

 
(35,125
)
Issuance of shares under incentive stock plans
250,344

 
177

 

 

 

 
177

Stock-based compensation

 
2,344

 

 

 

 
2,344

Repurchase of common shares
(134,194
)
 
(4,207
)
 

 

 

 
(4,207
)
Amortization of pension and postretirement plan liabilities

 

 

 
112

 

 
112

Foreign currency translation adjustment

 

 

 
(4,305
)
 
(1,299
)
 
(5,604
)
Cash flow hedges

 

 

 
(19,465
)
 
(54
)
 
(19,519
)
Balance, June 30, 2019
129,629,716

 

$884,618

 

$645,743

 

($29,511
)
 

$99,448

 

$1,600,298

Net (loss) income

 

 
(433
)
 

 
1,961

 
1,528

Dividends ($0.27 per share)

 

 
(34,829
)
 

 

 
(34,829
)
Issuance of shares under incentive stock plans
2,423

 
57

 

 

 

 
57

Stock-based compensation

 
1,562

 

 

 

 
1,562

Repurchase of common shares
(320,246
)
 
(8
)
 
(8,430
)
 

 

 
(8,438
)
Amortization of pension and postretirement plan liabilities

 

 

 
112

 

 
112

Foreign currency translation adjustment

 

 

 
(21,918
)
 
(6,606
)
 
(28,524
)
Cash flow hedges

 

 

 
(11,899
)
 
(525
)
 
(12,424
)
Distribution to minority shareholder


 

 

 

 
(3,721
)
 
(3,721
)
Balance, September 30, 2019
129,311,893

 

$886,229

 

$602,051

 

($63,216
)
 

$90,557

 

$1,515,621



3


Table of Contents

 
Common Shares
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Income
 
Non-controlling Interest
 
Shareholders’
Equity
 
Shares
 
Amount
 
Balance, January 1, 2018
128,970,776

 

$872,228

 

$707,378

 

$13,417

 

$99,917

 

$1,692,940

Net income

 

 
40,539

 

 
2,167

 
42,706

Dividends ($0.25 per share)

 

 
(32,634
)
 

 

 
(32,634
)
Issuance of shares under incentive stock plans
204,336

 
5,455

 

 

 

 
5,455

Stock-based compensation

 
1,262

 

 

 

 
1,262

Repurchase of common shares
(811
)
 
(18
)
 

 

 

 
(18
)
Amortization of pension and postretirement plan liabilities

 

 

 
159

 

 
159

Foreign currency translation adjustment

 

 

 
7,606

 
2,082

 
9,688

Cash flow hedges

 

 

 
16,381

 
234

 
16,615

Balance, March 31, 2018
129,174,301

 

$878,927

 

$715,283

 

$37,563

 

$104,400

 

$1,736,173

Net income

 

 
36,258

 

 
3,080

 
39,338

Dividends ($0.27 per share)

 

 
(35,213
)
 

 

 
(35,213
)
Issuance of shares under incentive stock plans
357,139

 
2,369

 

 

 

 
2,369

Stock-based compensation

 
2,212

 

 

 

 
2,212

Repurchase of common shares
(80,172
)
 
(2,948
)
 

 

 

 
(2,948
)
Amortization of pension and postretirement plan liabilities

 

 

 
178

 

 
178

Foreign currency translation adjustment